Almond butter is a food item that is basically an almond paste, made from raw or roasted almonds. It could be crunchy or smooth in texture, and is generally classified as "stir" (susceptible to oil separation) or "no-stir" (emulsified). Almond butter may either be raw or roasted, which is the basically the name given to the state of the almonds prior to grinding. It is recommended that almond butter be refrigerated once opened, to prevent spoilage and separation of the oils inside. Almond butter is a rich source of unsaturated fats most of which are heart friendly. It also contains high amounts of proteins, vitamins and minerals. Along with these properties, almond butter also contains omega-3 fatty acids which make almond butter a well rounded, healthy product to consume.
Almond butter is most commonly used as a spread on bread or as a dip for a variety of different snacks. Almond butter is also used as an ingredient in breakfast treats like granola, pancakes. Almond Butter is a natural emollient, with properties of hydration and moisturisation, making it ideal for usage in relaxing and rejuvenating massages, where it blends perfectly with the essential oils used, and is hence expected to increase the revenue contribution of almond butter market.
Almond Butter Market Drivers and Trends:
The high nutritional value of almond butter and a plethora of other health benefits associated with its usage and consumption in different forms, are some of the driving factors which are expected to help boost the global almond butter market. Almond butter has found widespread demand in several sectors in the global market. The primary driving factor of the global almond butter market is the constant rise in demand for substitute products for the peanut butter, due to consumer indulgence, availability of low cost substitutes and variety of healthier options. The surge in the demand for natural care products, including cosmetics and skin care products, is becoming another market driver for almond butter.
Almond Butter Market Segmentation:
Based on the product type segment, Hazelnut Spreads is the leading market, and is also the fastest growing market segment. Hazelnut finds usage in different types and flavours of chocolate and other nut based products. Consumers seeking healthier options of spreads are helping in boosting the hazelnut market. Almond butter finds usage in many end user industries which includes industries such as food and cosmetics. Based on the application segment, the highest demand for almond butter comes from the food industry, which is expected to grow even further, owing mainly to its taste and nutritional value. The almond butter market in the cosmetics industry is projected to grow rapidly, in the forecast period, owing to its excellent spreadability and moisturizing effect.
Based on the segment of distribution channel, the global almond butter market is segmented into online retail, supermarkets/hypermarkets, convenience store and departmental stores. Amongst these, the online retail market holds the largest market share, and is expected to gain more revenue shares over the forecast period. Based on the regional segments, North America holds the majority share of the Almond Butter Market, and is projected to grow at a steady rate. The markets in the region of Western Europe are anticipated to grow at a relatively high rate, during the forecast period.
The key manufacturers in this market include Justin's, Barney Butter, Maranatha, Futter's Nut Butters, Once Again Nut Butter, EdenNuts Inc., Cache Creek Foods, Zinke Orchards, The J.M. Smucker Company, Nuts'N More.
The Almond Butter Market is segmented as follows:
Raw Almond Butter
Peanut Based Spreads
Almond Based Spreads
Walnut Based Spreads
Cashew Based Spreads
Hazelnut Based Spreads
By Distribution Channel
Rest of Europe
Rest of APAC
Rest of South America
Middle East & Africa
Rest of MEA
InsightSLICE adopts a research methodology which is highly meticulous and comprehensive, yielding accurate research results. Our research methodology utilizes data triangulation model which helps in the precise collection and validation of information. Our set processes for problem solving and paid primary tools guarantee that any client requirement is met with utmost diligence and accuracy. Some of the primary components that are consequential to our research approach are:
Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
Primary Sources include but are not limited to:
InsightSLICE also leverages three types of data triangulation approaches as follows:
Data Source Triangulation
Extracting data and validation from multiple type of secondary and primary sources
Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets