Global Almond Protein Market: Snapshot

Almond protein powders have grown in popularity in the last few years on account of the rising demand for plant-based protein. Manufacturers have been tapping into the vast revenue potential of almond to offer concentrated sources of plant-based proteins and as substitutes for nondairy milk. Almond protein powders are used as blends for range of food products such as milkshakes and smoothies. Almonds have also opened new and exciting sensory profiles for meeting the needs of consumers preferring plant-based nutritional products. An array of health benefits of almond proteins have also helped in the growing popularity such as in cardiovascular health and in lowering the risk of certain cancers. Apart from the proliferating application in the food industry, almond protein finds promising demand in the cosmetics and personal care industries.

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Global Almond Protein Market: Key Growth Dynamics

Range of product portfolios consisting of almond protein powders have gathered steam in consumers worldwide. Growing demand for plant-based snacks with good texture and unmasked flavor has been putting increasing emphasis in utilizing the potential of almonds. The trend is popular in people who are keen on adopting paleo diet.

Intensifying focus on consuming products that are plant-based as well as those with disease-prevention abilities has bolstered the prospective demand for almond protein formulations. In addition, the demand has also prospered owing to the growing preference of low-fat food ingredients. In developing regions, increasing emphasis on the intake of nutritious food products and snacks containing dietary fiber has also accentuated the prospects of the almond protein market.

In recent years, the almond protein market is seeing increasing promising potential in the cosmetics industry. A notable trend is the growing popularity of hydrolyzed sweet almond protein in cosmetic formulations that can be used as a moisturizing agent and in skin cleansing. Spate of skincare products containing almond protein has made way to emerging and developed markets.

Global Almond Protein Market: Notable Developments

Almond protein powder has expanded options for food manufacturers focusing on meeting the emerging consumer needs of plant-based proteins. The protein derived from almond has made a promising mark in health and wellness segment in developed countries.

Advent of omni-channel specialty retailing in marketing of almond protein powders has seemingly opened a new frontier. A New Jersey-based omni-channel retailer and health and wellness company has in December 2018 announced that its website and stores have no retailed almond protein powders made by NOOSH. The foray of this plant-based product company in the almond protein market in the same year has been significant. NOOSH aims to meet the nutritional needs of consumers who don’t want protein for meeting some workout goals. According to the manufacturer, protein almond powders they have developed can be consumed safely by individuals with allergies of soy, corn, and peanut.

Such initiatives facilitate product availability in the almond protein market. Food brands are also unveiling unflavored almond protein powders bereft of preservatives.

Some of the companies eyeing substantial stakes in the global almond protein market are Marigot Ltd., HMHS Solutions Limited, BioFlora, LLC, Maxicrop USA, Inc., and InovoBiologic Inc.

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Global Almond Protein Market: Regional Assessment

On the regional front, the North America market has come to the fore garnering gains on account of massive production of almonds. In particular, the U.S. has been witnessing sizable demand for almond powders as plant-based protein to meet nutritional needs and fitness goals of consumers. Meanwhile, Asia Pacific is likely to emerge as potentially emerging market for almond proteins. A large part of recent potential of the regional market is attributed to the growing use of almond protein in organic cosmetics in developing economies of China and Japan. In both developing and developed regions, food brands are benefitting from increased trend of clean food labelling.

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
  • Europe
  • 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.

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