Almond Powder Market Size to Grow by $ 361.11 mn through 2021-2025
Technavio research projects the almond powder market to grow by $ 361.11 mn, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Almond Powder Market: Key Market Driver
One of the primary factors that will trigger the growth of the almond powder market size is increasing incidences of celiac disease. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Almond Powder Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALIMENTOS BIOLOGICOS OLEANDER SA, Alldrin Brothers, ALMONDCO AUSTRALIA LTD., Anthonys Goods, Barney Butter, Blue Diamond Growers, Hodgson Mill, NOW Health Group Inc., Rolling Hills Nut Co., and SHILOH FARMS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the Global Almond Powder Market and it is expected to grow by USD 361.11 million accelerating at a CAGR of over 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Almond Powder Market: Increasing Incidence of Celiac Disease to Drive Growth
One of the primary factors that will trigger the growth of the Almond Powder Market size is the growing demand for gluten-free products especially from consumers suffering from celiac disease. People with celiac disease are unable to digest gluten, a type of protein found in wheat, barley, and rye. As almond is naturally gluten-free, it is a feasible alternative product for people suffering from gluten intolerance.
In addition, almonds are rich in antioxidants and provide nutrients in the form of fiber, protein, vitamin E, vitamin B2, manganese, phosphorus, and magnesium. Vitamin E and magnesium present in almonds help in lowering cholesterol and blood pressure levels thereby minimizing the chance of heart attack, stroke, and kidney failure. Almonds also help in reducing the risk of breast cancer and protect the body from oxidative stress.
Almond Powder Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALIMENTOS BIOLOGICOS OLEANDER SA, Alldrin Brothers, ALMONDCO AUSTRALIA LTD., Anthonys Goods, Barney Butter, Blue Diamond Growers, Hodgson Mill, NOW Health Group Inc., Rolling Hills Nut Co., and SHILOH FARMS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
