Almond Protein Market Projected to Grow at USD 491.2 Million By 2025: Grand View Research,Inc

Almond Protein Market Projected to Grow at USD 491.2 Million By 2025: Grand View Research,Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The Almond protein is made from the process of pressurisation which removes more than half of the fat, making it ideal for use in health and wellness products like protein bars and shakes.

According to a report, “ Almond Protein Market Size, Share & Trends Analysis Report By Application (Beverages, Bakery & Confectionery, Personal Care), By Distribution Channel, By Region, And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc.,The global almond protein market size is anticipated to reach USD 491.2 million by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% during the forecast period. The growth is driven by rising consumption of plant based protein due to a rise in risk of heart diseases, cancer, and Trimethylamine N-oxide (TMAO) which occur due to consumption of animal based protein.

The changing perception of health among consumers and growth in products catering to the health of sportspersons and athletes are further accelerating the market growth. The beverages market, which includes protein shakes and smoothies for muscle recovery and general health held the largest share and is expected to register the highest CAGR of 5.9% from 2019 to 2025. Moreover, in 2016 sports nutrition was the largest and fastest growing protein application segment.

U.S. almond protein market

Further key findings from the report suggest:

  • Beverages segment is expected to expand at the highest CAGR of 5.9% over the next few years

  • Online distribution channel accounted for the largest revenue share of more than 60% and is forecasted to expand at the highest CAGR of 5.9% over the forecast period

  • Growth of online segment is due to rising penetration of e-commerce and low cost of startups

  • North America is anticipated to hold the largest market share for almond protein over the forecast period.

U.S., U.K., Germany, and China, among others are the major consumers of almond protein market. U.S. remains dominant player in both production and consumption of almonds. In 2018, U.S. consumed 315,736 MT of almonds which was the highest followed by India which consumed 82,915 MT of almonds.

The demand is expected to increase in Asian countries owing to the large skincare market which is moving towards the application and integration of natural ingredients in cosmetics. For instance, hydrolyzed sweet almond protein is an almond protein which is used as an ingredient in hair and skin conditioning products. Asia Pacific is anticipated to witness the highest CAGR of 6.0% over the forecast period due to growing urbanization and inclination of consumers towards a healthy lifestyle.

In 2018, the online segment held the largest market share of more than 60%, which is expected to remain constant over the forecast period. Rising penetration of e-commerce and low cost of online startups are major factors spurring the growth of this segment.

The leading market players are InovoBiologic Inc.; Celtic Sea Minerals; Marigot Ltd.; Maxicrop USA; BioFlora, LLC; Alesco S.r.l.; Humates And Seaweeds Pvt Ltd; HMHS Solutions Limited; and Sar Agrochemicals & Fertilizers Pvt. Ltd amongst others.

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Regional Insights

North America held the largest market share of more than 30% in 2018. The U.S. was the largest consumer with consumption of 315,736 MT of almonds in 2018. This region is also the largest producer of almond, thus reducing the product cost by eliminating the cost of import associated with almond. Moreover, U.S has the largest number of fitness oriented people which is further increasing the demand.

Asia Pacific is forecasted to be the fastest growing region with a CAGR of 6.0% from 2019 to 2025. Increasing demand for organic and protein rich cosmetics products and increasing demand for almond protein powder in countries like Japan and China are the prime reasons propelling the regional demand.

Global almond protein market

Application Insights

The almond protein market is segmented by application into beverages, bakery and confectionery, and personal care. Beverages held the largest market share owing to the rising use of the product in healthy and ready to make smoothies and milkshakes. Protein is mainly consumed by people who workout and need protein in their diet for muscle repair. With more number of people inclining towards workout, the beverages segments is expected to witness growth.

Bakery and confectionery is expected to grow with a good CAGR of 5.7% from 2019 to 2025. The segment is gaining popularity as protein bars and protein balls are replacing normal food items and expanding its market share. Moreover, most of the bakery products like waffles, pancakes, and cookies are now using almond protein due to its benefits over other animal and plant based proteins

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Grand View Research has segmented the global almond protein market on the basis of application, distribution channel, and region:

Almond Protein Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Beverages

  • Bakery & Confectionery

  • Personal Care

Almond Protein Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Online

  • Convenience Stores

  • Supermarket & Hypermarket

Almond Protein Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.


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