Almond Butter Market Introduction:
Almond butter is a food paste, made from raw or roasted almonds. Almond butter is a rich source of unsaturated fats which are heart friendly. It also contains high amount of proteins, vitamins and minerals. Along with these properties, almond butter also contains the presence of omega-3 fatty acid that makes the almond butter a complete health product. Almond butter is most commonly used as spreads on bread or dips for snacks. Almond butter is also used as breakfast treat in many recipes like granola, pancakes. Almond Butter is a hydrating, moisturizing and natural emollient making it ideal for use in massage, and it blends easily with essential oils and hence is expected to increase the revenue contribution of almond butter market.
Almond Butter Market Segmentation:
Based on its applications the almond butter is used in many end user industries which includes food industry and cosmetics industry. The demand for almond butter in food industry is expected to grow mainly due to its taste and nutrition. The almond butter market in cosmetics industry is expected to grow in future in various cosmetics, due to its excellent spreading ability and moisturizing effect.
Based on the product forms available in the almond butter market, the market is segmented into two main segments such as organic and conventional. The organic segment is further sub-segmented into raw almond butter and roasted almond butter. Raw organic almond butter is unexposed to heat rendering its nutritional content unharmed. The health benefits of the almond butter are thus expected to drive the growth of this segment in the forecast period. On the other hand roasted organic almond butter which are made by dry roasting process is the most common almond butter, it provides a tastier option in the same category. This segment is therefore expected to show a steady growth in the global almond butter market. The conventional almond butter is available as a low cost product and the demand of the same is expected to rise steadily.
Based on distribution channel, the global almond butter market is segmented which includes online retail, supermarkets/hypermarkets, convenience store and departmental stores. Among these, the online retail is expected to gain major revenue shares over the forecast period.
Almond Butter Market Regional Outlook:
On the basis of regions, the almond butter market is segmented into following key regions; North America, Western and Eastern Europe, Asia Pacific and The Middle East and Africa. North America grabs the major share of global almond butter market and it is expected to grow at a steady rate. Western Europe regional market is expected to grow at a relatively higher growth rate over the forecast period.
Almond butter Market Drivers and Trends:
The high nutritional value of almond butter and other health benefits are some of the driving factors which are expected to grow the global almond butter market in food industry. Almond butter has high demand in several sectors and world market. Principle factor driving the global almond butter market is continuous rise in demand for peanut butter substitute products due to consumer indulgence like, availability of low cost substitutes and variety of options in speeds. Rising market demand for natural products based cosmetics and skin care products is becoming another market driver for almond butter. Its hydrating, moisturizing and natural emollient making it ideal for use in massage, it blends easily with essential oils and hence is expected to fuel the market growth of almond butter.
Almond Butter Market Key Players:
Almond butter is gaining acceptance at a growing rate and some of the key players participating in the global almond butter market which includes; Barney Butter, Maranatha, Futter's Nut Butters, Once Again Nut Butter, Dakini Health Foods, Edennuts, Cache Creek Foods, Justin's, Sokol & Company, The J.M. Smucker Company, Nuts'n More, Zinke Orchards, Premier Organics, California Almonds, Solstice Canyon, Prana.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.