The Almond Kernels Market is segmented by Distribution Channel (Offline and Online), Application (Food and beverage industry, Cosmetics and personal care industry, and Bakery and confectionery industry), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 3982.3 million, at a CAGR of 8.09% during the forecast period. There are several companies that are contributing to the market as per this report. Rising trend of online distribution platform .
The offline distribution segment holds a significant market share in the global almond kernels market, with supermarkets and hypermarkets being the most efficient channels. These retail formats enable customers to inspect product quality, examine packaging, and verify expiration dates prior to purchase. In developing economies like India and China, where almond kernels are predominantly sold offline, expanding sales through this distribution channel is projected to fuel market expansion during the forecast period. Thus, the strategic importance of supermarkets and hypermarkets in the almond kernels market cannot be overstated.
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The Almond Kernels Market represents a significant business opportunity due to increasing consumer preference for healthy snacking options. Market growth is driven by rising demand for almonds in the food industry, particularly in the production of almond milk and almond oil. Key players in this market focus on enhancing product innovation and expanding their global footprint to cater to evolving consumer trends. The market is expected to experience steady growth in the forecast period, driven by these factors and increasing health consciousness among consumers.
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The Almond Kernels Market encompasses various distribution channels, including departmental stores, specialty stores, hypermarkets, and supermarkets. These channels offer both Inshell almonds and Shelled almonds in various forms, catering to diverse consumer preferences. Online retail is another significant distribution channel, especially among tech-savvy consumers. The Almond Kernels Market is vast and diverse, with applications in confectionery, bakery, food & beverage, and cosmetics industries. Almonds are a popular substitute for other nuts due to their unique taste and nutritional benefits. The vegan trend and gluten-free market have further boosted the demand for almonds in chocolates, ice cream, almond oil, baking and confectionery, almond butter, almond flour, almond milk, and food and beverages. Almonds are derived from the almond tree, scientifically known as Prunus dulcis. They are rich in vitamins and nutrients, making them a popular choice for health-conscious consumers. The market for almond kernels continues to grow due to their versatility and health benefits, with applications ranging from food and beverages to cosmetics and industrial uses. In addition to their culinary uses, almonds are also used in various industries, including cosmetics and pharmaceuticals. Almond oil, for instance, is used in skincare products, while almond flour and almond milk are popular alternatives for individuals with gluten intolerance or allergies. The market for almond kernels is expected to continue its growth trajectory due to their numerous applications and health benefits.
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue generated by the market participants. This market segment excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Factors driving the growth of the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. - The Almond Kernels Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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