NEW YORK, July 5, 2023 /PRNewswire/ — The almond kernels market size is set to grow by USD 3,178.5 million between 2022 and 2027 and register a CAGR of 7.04%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses in obtaining growth opportunities. Read Sample Report
The report also covers the following areas:
Almond Kernels Market size
Almond Kernels Market trends
Almond Kernels Market industry analysis
Almond Kernels Market 2023-2027: Segmentation
The almond kernels market is segmented as follows:
Distribution Channel
Application
Geography
The market share growth by the offline segment will be significant for market growth during the forecast period. This segment includes hypermarkets, supermarkets, discount stores, and specialty stores as they are an efficient part of the distribution and offer a various range of almond kernels to consumers. Also, they offer checks for packaging defects and check the expiration date of the product before purchase, which is considered the most effective marketing tool. Hence, such factors boost the segment growth during the forecast period.
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Almond Kernels Market 2023-2027: Vendor Analysis and Scope
Some of the major vendors of the almond kernels market include Almond Board of California, Bapu Farming Co. Inc., Belehris Estates, Blue Diamond Growers, Chico Nut Co., Harris Family Enterprises, Hilltop Ranch Inc., Hormel Foods Corp., Olam Group Ltd., Orchard Valley, Retaj Agro Farms, RPAC LLC, Select Harvests Ltd., South Valley Farms, Sran Family Orchards, Steward and Jasper Orchards, The Wonderful Co. LLC, Treehouse California Almonds LLC, Valley Harvest Nut Co., and Western Nut Co. Inc. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offerings
Bapu Farming Co. Inc. – The company offers almond kernels under Bapu Almonds.
Chico Nut Co. – The company offers almond kernels such as Nonpareil, Carmel, and Price.
Harris Family Enterprises – The company offers almond kernels under the division The Almond Company.
Almond Kernels Market 2023-2027: Market Dynamics
Key Drivers
Increasing awareness about the health benefits of almond kernels is a major driving factor for market growth. Some of the benefits are they are rich in nutrients such as fiber, protein, vitamin E, vitamin B2, phosphorus, manganese, and magnesium. Similarly, a one-ounce serving of almond kernels contains about 3.5 grams of fiber, 6 grams of protein, and 14 grams of fat. Also, they are a rich source of antioxidants and also help to increase the vitamin E level in red blood cells. Hence, such factors boost the growth of the market during the forecast period.
Significant Trends
The rising popularity of online distribution platforms is an emerging almond kernel market trend. The popularity is because e-commerce platforms provide shopping, save time, and offer fast delivery services to consumers. Small retailers and vendors enhance the visibility of their products and increase their profitability through these channels. As a result of the third-party online portals, most manufacturers have started offering almond kernels directly on their websites. Hence, such trends boost the market growth during the forecast period.
Major Challenges
Stringent government regulations on supplying almond kernels challenge the growth of the market during the forecast period. Various countries such as US and Italy impose stringent regulations which affect the almond kernels market. Further, the major players in these countries have to comply with the stringent regulations and guidelines issued by various government bodies. Additionally, in the EU, manufacturers are required to comply with the rules and regulations set by the European Food Safety Authority (EFSA), Italy. Similarly, in India, the Food Safety and Standards Authority of India (FSSAI) certification of food products and is responsible for protecting and promoting public health through the regulation and supervision of food safety. Hence, such challenges impede market growth during the forecast period.
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Almond Kernels Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist almond kernels market growth during the next five years
Estimation of the almond kernels market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the almond kernels market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of almond kernels market vendors
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Almond Kernels Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.04%
Market growth 2023-2027
USD 3,178.5 million
Market structure
Fragmented
YoY growth 2022-2023(%)
6.82
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 33%
Key countries
US, Iran, Australia, Spain, and Italy
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Almond Board of California, Bapu Farming Co. Inc., Belehris Estates, Blue Diamond Growers, Chico Nut Co., Harris Family Enterprises, Hilltop Ranch Inc., Hormel Foods Corp., Olam Group Ltd., Orchard Valley, Retaj Agro Farms, RPAC LLC, Select Harvests Ltd., South Valley Farms, Sran Family Orchards, Steward and Jasper Orchards, The Wonderful Co. LLC, Treehouse California Almonds LLC, Valley Harvest Nut Co., and Western Nut Co. Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global almond kernels market 2017 – 2021
4.2 Distribution Channel Segment Analysis 2017 – 2021
4.3 Application Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline – Market size and forecast 2022-2027
6.4 Online – Market size and forecast 2022-2027
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Food and beverage industry – Market size and forecast 2022-2027
7.4 Cosmetics and personal care industry – Market size and forecast 2022-2027
7.5 Bakery and confectionery industry – Market size and forecast 2022-2027
7.6 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America – Market size and forecast 2022-2027
9.4 Europe – Market size and forecast 2022-2027
9.5 APAC – Market size and forecast 2022-2027
9.6 Middle East and Africa – Market size and forecast 2022-2027
9.7 South America – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 Spain – Market size and forecast 2022-2027
9.10 Iran – Market size and forecast 2022-2027
9.11 Australia – Market size and forecast 2022-2027
9.12 Italy – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Almond Board of California
12.4 Bapu Farming Co. Inc.
12.5 Chico Nut Co.
12.6 Harris Family Enterprises
12.7 Hilltop Ranch Inc.
12.8 Hormel Foods Corp.
12.9 Olam Group Ltd.
12.10 Orchard Valley
12.11 RPAC LLC
12.12 Select Harvests Ltd.
12.13 South Valley Farms
12.14 The Wonderful Co. LLC
12.15 Treehouse California Almonds LLC
12.16 Valley Harvest Nut Co.
12.17 Western Nut Co. Inc.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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