Rising Large-Scale Adoption in Numerous Food & Beverage Applications and Rise in Demand For High Nutritious Food to Drive the Market for Almond Ingredients

The soaring prices of raw material and instances of allergies toward tree nuts act as constraints to the growth of the almond ingredients market.

(EMAILWIRE.COM, July 19, 2019 ) The global almond ingredients market is estimated to be valued at USD 9.0 billion in 2019 and is projected to reach USD 16.4 billion by 2025, recording a CAGR of 10.6% from 2019 to 2025. Increasing demand for fortified & high nutritious food products, growing health awareness, increasing instances of lactose & gluten allergies, and rising large-scale adoption in numerous food & beverage applications are some factors that are driving the market for almond ingredients. The key players profiled in the almond ingredients market include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).

The key market players adopted various growth strategies such as new product launches, expansions, acquisitions, agreements, collaborations, and partnerships to cater to the increasing demand for almond ingredients. The companies are expanding their operations in various regions across the globe to establish themselves as leading players in the almond ingredients market.

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Olam International Limited (Singapore) is one of the largest players in the almond ingredients market. The company provides processed edible nuts and nut ingredients in all major global regions and has a strong distribution network worldwide. It is a leading agri-business company that supplies raw materials and finished products in 65 countries. The company has built a leadership position in many businesses, including cocoa, coffee, cashew, rice, and cotton.

The company has a strong footprint in the Asian and African regions. The acquisition & expansion strategies helped the company to reach the untapped markets of the emerging nations. Strong technological advancements and distribution networks are the major strengths of Olam. The company implemented the value-added solutions, such as traceability, vendor-managed inventory solutions, and certified & sustainable nut ingredient products to strengthen its hold in the global food ingredients market.

The major competitors of Olam International Limited include Barry Callebaut Group (Switzerland’s), Archer Daniels Midland Company (ADM), and Blue Diamond Growers (US).

Blue Diamond Growers (US) is the largest player in the almond ingredients market. The company is a leading manufacturer and processor of almond and almond ingredients. The company is also involved in the marketing of almonds and almond products, including roasted almonds, under the Blue Diamond brand and almond milk, under the Almond Breeze brand. The company’s Member Relations Department focuses on helping the agricultural community to improve crop production and provide technical advice or consultation on variety selection to ensure crop quality. The company serves its customers in more than 90 countries and consistently focuses on product innovation, skillful marketing, and product promotion, worldwide, in both ingredient & retail sales.

Blue Diamond Growers is among the major industry players in the US. The company emphasizes on producing almond ingredients to meet the growing demand of the consumers across various regions. It focuses on adopting strategies of new product launches, expansions, and sales and operational excellence to optimize its portfolio, improve reliability, strengthen its technology, and improve its quality systems to retain its customer base. Expansions is the major strategy the company adopts to enhance its production, globally.

The major competitors of Blue Diamond Growers include Barry Callebaut Group (Switzerland’s), Archer Daniels Midland Company (ADM), and Olam International Limited (Singapore).

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