The global organic almond market is expected to grow from USD 980.36 million 2017 to USD 2,236.35 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 12.50%.
"Rising awareness about health benefits and nutritional value among consumers
is one of the factors largely attributing to the growth of organic almond market globally"
The factors attributing to the growth of the market are rising awareness about health benefits and nutritional value among consumers, increase application in bakery and confectionaries, medicinal application in skin care, heart, and neurological diseases, and premium positioning of almond milk and flour as gmo-free, gluten-free, and health management. However, some factors such as and limited quality supply of raw material may hinder the market growth. The global organic almond market is expected to showcase the opportunities such as increase sales of almond milk as a substitute for dairy milk, increasing use of almond in new product launches, and market potential in asia. In the near future, the market may face the possible challenges in the growth due to and comparatively high production cost of organic almond. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global organic almond market market."Milk: The highest growing form for the global organic almond market"
On the basis of form, the global organic almond market is studied across Butter, Milk, Oil, Powder, and Roasted & Fried. Among all these form, the Milk is projected to hold the largest market share while the Oil has the potential to grow the market with the highest CAGR in the forecast period."Sweet: The highest growing product for the global organic almond market"
On the basis of product, the global organic almond market is studied across Bitter and Sweet. Among all these product, the Sweet is projected to hold the largest market share while the Bitter has the potential to grow the market with the highest CAGR in the forecast period."Edible: The highest growing application for the global organic almond market"
On the basis of application, the global organic almond market is studied across Edible, Medicinal, and Personal Care Products. Among all these application, the Edible has captured the maximum market share while the Medicinal has the opportunity to emerge with the highest CAGR."Offline: The highest growing distribution channel for the global organic almond market"
On the basis of distribution channel, the global organic almond market is studied across Offline and Online. Among all these distribution channel, the Offline has captured the maximum market share while the Online has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global organic almond market"
On the basis of geography, the global organic almond market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Europe, Middle East & Africa is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.
"Aryan Internationals: The potential growing player for the global organic almond market"
The key players profiled in the global organic almond market are Aryan Internationals, Big Tree Organic Farms, Billings Marketing, COATO, Harris Woolf California Almonds, Hilltop Ranch, Inc., Ohm Sai Agro Products, Royal Nut Company, Royal Rifco Company, Sran Family Orchards, and Treehouse Almonds.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global organic almond market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global organic almond market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global organic almond market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global organic almond market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global organic almond market.