Latest News- Almond Kernels Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Almond Kernels Market is being driven by Increasing awareness about health benefits of almond kernels

The Almond Kernels Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3982.3 million. The almond kernel market is witnessing significant growth in e-commerce sales during the forecast period. E-commerce platforms provide consumers with convenience, time savings, and expedited delivery services. This distribution channel benefits not only large retailers but also small vendors and manufacturers, who can expand their customer base and increase profitability through enhanced product visibility. Major players, including Amazon.com Inc., Walmart, Alibaba Group Holding Ltd., and Innovative Retail Concepts Pvt. Ltd., are emerging as prominent online grocery retailers, contributing to the market's expansion. 

Get more information on Almond Kernels Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Application
  • Food and beverage industry
  • Cosmetics and personal care industry
  • Bakery and confectionery industry
• Geography
  • North America
    • US
  • Europe
    • Italy
    • Spain
  • APAC
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing awareness about health benefits of almond kernels
• Growing consumption of almond-based snacks and food
• Growth of private-label brands

However, the market also witnesses some limitations, which are as follows:

• Stringent government regulations on supplying almond kernels
• High cost of almond kernels
• Complexity in supply chain of almond kernels

Benefits of Buying Global Almond Kernels Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Almond Kernels Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The global market for Almond Kernels, derived from the Prunus dulcis tree, is thriving due to their status as a popular Tree Nut. Rich in Vitamins and nutrients, they find extensive applications in Food and Beverages, including Almond Milk, Flour, Butter, Biscuits, and Ice Cream. They also penetrate Cosmetics, Baking and Confectionery, and even the Gluten-free and Vegan markets. Almond Oil, Chocolates, and various other products expand their reach. Distribution channels include Online Retail, Supermarkets, Hypermarkets, Specialty Stores, and Departmental Stores. Substitute Nuts like Green Almonds, Shelled Almonds, and Inshell Almonds further fuel the demand. The Food & Beverage, Bakery, and Confectionery industries significantly contribute to the market's growth.

Market Research Overview

The Almond Kernels market, a segment of the broader packaged foods and meats industry, encompasses businesses engaged in the processing and packaging of Prunus dulcis nuts, including almonds. This market's size is determined by the consolidated revenue generated by these entities. It is important to note that this market excludes equipment manufacturers and those involved in the production of packaged alcoholic and non-alcoholic beverages, such as almond milk and almond flour. The global packaged foods and meats industry's expansion will be fueled by the increasing consumer preference for minimally processed foods, which are rich in essential vitamins and nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/