Almond Butter is a food paste which is prepared from almonds. Almond butter can be smooth or crunchy and is generally either emulsified or susceptible to oil separation. It can be either roasted or raw and is generally refrigerated once opened to prevent oil separation and spoilage.
Almond butter has high amounts of potassium, iron, monounsaturated fats, calcium, and manganese. It’s believed to be a good source of phosphorus, riboflavin and copper, and also as a very good source of magnesium, vitamin E and fiber. It also provides good amounts of dietary protein and serves as an alternative to peanut butter for people allergic to peanut or to those disliking the taste of peanuts. Almond butter contains a lot more calcium, potassium, fiber, iron, and manganese than peanut butter, although it has a slightly higher total fat.
The driving factors of global Almond Butter market are its high nutritional content, health benefits offered by the paste, growing demand for peanut butter substitutes, rising market for cosmetics and skincare, its applications as a moisturizer during massages and its ability to blend with natural oils easily among others. Among the primary restraints that the market is facing is its high fat content.
Almond Butter Market Forecast Report (2018-2023)
Global Almond Butter Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023.
The global Almond Butter market is segmented based on application into food industry, cosmetics industry and others. On the basis of type, the market is segmented into organic and conventional. Organic is further segmented into raw almond butter and roasted almond butter. Raw almond butter is expected to have the fastest growth rate in the segment owing to its high nutritional content since it is not heated. Roasted almond butter is expected to have a steady growth rate. Based on distribution channel, the market is divided into online retail, hypermarkets and supermarkets, departmental stores and convenience stores. Online retail is expected to have the largest share in the segment.
The Global Almond Butter market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Almond Butter in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period due to rising consumption in countries such as India and China.
The major companies dominating this market for its products and services are
Barney Butter Maranatha Futter's Nut Butters Once Again Nut Butter Cache Creek Foods Justin's Sokol & Company Dakini Health Foods Edennuts The J.M. Smucker Company Nuts'n More California Almonds Zinke Orchards Premier Organics Solstice Canyon
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