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Market Overview of Global Almond market:
According to our latest research, the global Almond market looks promising in the next 5 years. As of 2022, the global Almond market was estimated at USD 11063.0 million, and it's anticipated to reach USD 18362.3 million in 2028, with a CAGR of 8.81% during the forecast years.
Almonds are rich in nutrients, especially rich in protein, fat, minerals and vitamins, and have high nutritional value.
Technological innovation
Traditionally responsible for quality checks and reworking labor, which is essential for ensuring quality and productivity, the farmer workforce is dwindling due to rising labor costs. As well as issues such as lack of water resources are driving the need for better automated processes. This will not only increase efficiency, but also, as a result, increase profits for almond producers. Advanced water management equipment, advanced soil health, and bee-friendly practices can help sustain almond growers' operations. Additionally, difficulties around accurate testing remain a real issue for almond exporters. Relative to previous years, an increasing number of goods are being rejected, with 42 rejections in 2018, 81% of which came from the US, forcing growers to find a solution to ensure high quality output that meets commercial, consumer and food safety requirements. Through technological innovation, the use of equipment to identify aflatoxin-contaminated almonds or defective almonds can reduce unnecessary losses as well as reduce the need for labor.
Some difficulties faced by almond cultivation
To remain competitive today, almond farmers need to get more out of their land and crops. Higher levels of production require more intensive farming, but traditional methods make it difficult to scale up cost-effectively and sustainably, and the introduction of mechanized tools is inevitable. In addition, crops like almonds require large amounts of water, and amid concerns about global warming and recurring droughts, almond farmers need to take steps to ensure that almond farming consumes as little water as possible. California is suffering from record-breaking wildfires and drought. Constrained by an aquifer shared by commercial businesses and residents, California is a leader in efficient irrigation. This has led them to develop cutting-edge irrigation solutions. Drought is also a problem in Spain, where the local water authority limits the amount of water each farmer can use per hectare of land. If the reservoir levels run dry, Spanish farmers must address other forms of irrigation. Moreover, California's almond industry is killing bees. Almond growers in California rent large colonies of bees each year, without which they would not be able to pollinate their trees. Yet the bees they use are dying at an extremely high rate.
Region Overview:
Asia Pacific dominated the Almond market in 2022, with a market share of 29.91%.
Company Overview:
Blue Diamond is one of the major players operating in the Almond market, holding a share of 11.75% in 2023.
Blue Diamond
Blue Diamond is the world's largest almond processing and marketing company. They are the world's leading almond brand, and they're focused on building markets and creating new products to deliver the benefits of almonds to the world.
Wonderful Pistachios & Almonds
Wonderful Pistachios & Almonds is the world's largest vertically integrated pistachio and almond grower and processor.
Segmentation Overview:
Among different product types, Shelled segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Direct Edible, with a market share of 55.13% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Almond market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Almond Market Report:
Market Size Estimates: Almond market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Almond market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Almond market
Segment Market Analysis: Almond market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Almond market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Almond Market: Revenue and sales volume of major countries in each region
Almond Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Almond market in major regions.
Almond Industry Value Chain: Almond market raw materials & suppliers, manufacturing process, distributors, downstream customers
Almond Industry News, Policies & Regulations
Key players in the global Almond market are covered in Chapter 12:
Sran Family Orchards
Harris Family Enterprises
Patrocinio Lax
Sun Almonds
Belehris Estates
Select Harvests
Panoche Creek Packing
Harris Woolf California Almonds
Mariani Nut Company
Olam International
Waterford Nut Co
Hilltop Ranch
Blue Diamond
Borges Agricultural & Industrial Nuts
Spycher Brothers
Wonderful Pistachios & Almonds
Almendras Llopis
Cremades Internacional
Treehouse
D.V.Enterprise
In Chapter 2 and Chapter 15.1, based on types, the Almond market from 2018 to 2028 is primarily split into:
Shelled
Inshell
In Chapter 3 and Chapter 15.2, based on applications, the Almond market from 2018 to 2028 covers:
Direct Edible
Food Processing
Kitchen Ingredients
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Almond market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028