Almonds kernels are basically considered the most popular tree nuts across the globe. They are the well-known edible seeds of the Prunus dulcis or almond tree and are native to the Middle East. They further contain numerous vitamins & nutrients. Owing to their nutritional level, almond kernels have several applications in multiple industries. They are utilized in manufacturing food & beverages such as almond milk, almond butter, almond flour, biscuits, and others. They have further used in the cosmetics and personal care industry also the baking & confectionery industry to manufacture products including almond oil, chocolates, ice cream, biscuits, and others.
MARKET SCOPE
The "Global Almond Kernels Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the almond kernels market with detailed market segmentation by type, form, category, distribution channel, and geography. The report provides key statistics on the market status of the leading almond kernels market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global almond kernels market is segmented into raw and processed
- Based on form, the market is bifurcated into whole, halves, and others
- Based on category, the market is bifurcated into organic and conventional
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others
MARKET DYNAMICS
Drivers:
- Increasing use of almond kernels in personal care products
- Increasing almond kernels application in food industry
- Rising demand for organic almond oil and the rising innovation by the manufacturers
Restraints
- Higher price of almond kernels and availability of substitute products may restrict the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond kernels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the almond kernels market in these regions.
IMPACT OF COVID-19 ON ALMOND KERNELS MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the almond kernels market. However, as the economies are planning to revive their operations, the demand for almond kernels is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the almond kernels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from almond kernels market are anticipated to witness lucrative growth opportunities in the future with the rising demand for almond kernels in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the almond kernels market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
- Bakers Authority
- Blue Diamond Growers
- Harris Family Enterprises
- Mariani Nut Company
- Nutraj
- Select Harvest USA
- Sunbest Natural
- Terrasoul Superfoods
- The Wonderful Company LLC
- WeGotNuts
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.