Almond Butter Market Size, Share, Industry, Forecast and outlook (2024-2031)

Almond Butter Market is segmented By Type (Regular, Flavored), By Nature (Conventional, Organic), By Application (Food Industry, Cosmetics Industry, Others), By Distribution Channel (Online Retail, Hypermarkets and Supermarkets, Convenience Stores, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Almond Butter Market Size

The Global Almond Butter Market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 8.34% during the forecast period (2023-2030). Almond butter is made from the almonds creamy consistency.

There are various types of the almond butter in the market from plain almond butter to the crunchy almond butter. Almond butter is low in saturated fat and high in the monounsaturated fats. Roasted almond butter or natural almond butter is rich source of calcium, magnesium, potassium, manganese, and various other substances. Increase in the consumers demand for the almond butter due to its taste and health benefits helps to boost segment growth in the forecast period.

 Almond Butter Market Scope

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Almond Butter Market Dynamics

Rising application of almond butter in personal care industry helps to boost market growth

Almond butter is mixed with other oils and to create moisturizer that is good for the skin needs. It has hydrating, moisturizing propertise due to it is rich source of minerals and antioxidants. Almond butter is easily spread on the skin due to this it is ideal for the massage butter and carrier for treatment products. It adds moisturizing propertise to beauty products such as creams, lotions and bar soaps. It is used in the cosmetics, soaps, toiletries, massage oils & balms, hair care and sun care preparations. Almond butter is also used in the skin care treatments products such as creams and lotions. Increase in the consumers awareness about benefits of use of cosmetic products made from the plant based ingredients including almond butter in their products. Increase in the product launches by the major key players helps to boost market growth of almond butter market. For instance, mCaffeine launched India’s first caffeinated personal care brand named mCaffeine. The company launched 4 new products such as Coffee Body Scrub and Body Butter with Almonds and Berries options. These are coffee body scrubs having moisturizing propertise. 

The rise in the adoption of almond butter as healthy substitute

Change in the consumers behaviour for the healthy eating helps to boost market growth. Also, rising consumers preferance for healthy breakfast consisting ready to eat food items is expected to boost almond butter market over the forecast period. Consumers are prefering healthy eating options like almond butter to avoid cardiovascular disease and to control blood sugar level which is expected to boost market growth of almond butter. 

 Almond Butter Market Segmentation Analysis

Increase in the applications of almond butter in the food industry

Almond butter is increasingly used in the food and beverage processing business in applications like dips, dressings, sauces, soups, and other foods. Over the world, it is used in spreads, jams, and sandwiches for breakfast. A rich source of calories, vitamins, and minerals is almond butter. Many nutrients are utilized as a preventative measure against several diseases. Almond butter is in greater demand as a result of a fast-paced lifestyle and rising nutrient needs. It is also preferred as a breakfast spread all over the world.

Source: DataM Intelligence Analysis (2023)

 Almond Butter Market Geographical Share

The strong presence of major players in North America and increased awareness about the use of the product

United States and Canada are major share holding countries in the North America region due to the increase in consumers awareness about health benefits of almond butter. Growing demand for dietary supplements, rising rates of pulmonary and cancer-causing disorders, and rising health concerns have all contributed to the growth of the almond butter market. The availability of several snacking food items and a growth in their sale has generated a need for producing a nourishing replacement, increasing the sales of almond butter. Also, increase in the applications of almond butter in the pharmaceutical and personal care products in theregion helps to boost regional growth over the forecast period. Increase in the product launches by major key players helps to boost market growth. For instance, in June 2018, Barney Butter launched Almond butter powder in the market. It is having 93% less fat and 75% less calories than traditional butter.It is completely natural and Non-GMO. 

Source: DataM Intelligence Analysis (2023)

 Almond Butter Companies

The major global players in the market include Unilever, Procter & Gamble, The J.M. Smucker Company , Hormel Foods Corporation, Boulder Brands , The Kraft Heinz Company, Algood Food Co., Conagra Brands, Inc. , Britannia Dairy Private Limited, Hormel Foods Corporation, The Leavitt Corporation, DiSano.

Key Developments

• On October 11, 2021, ENZO’s Table launched new chocolate butter in the market. It is made from the Guittard cocoa power and 100% natural California almonds. The product is available on the online platform and companies website and company’s store locations in Clovis, California, and select specialty stores nationwide.
• On September 08, 2009, Pip & Nut launched Gingerbread Almond Butter in the market. The product is available in the online and offline platform.It is available in the blend of smooth almond butter with warming ginger and cinnamon spices.
• On October 20, 2021, Nestlé launched rallies nut butter bombs in the market.It is available in different flavors such as a chilled snacking product boasting bold flavors, real creamy nut butters and rich, premium chocolate.It is made from the real chocolate and real peanut, almond, and cashew nut butters. These products are free from the flavors, colors, or preservatives.

Why Purchase the Report?

• To visualize the global almond butter- market segmentation based on type, application, nature, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of almond butter market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global almond butter market report would provide approximately 91 tables, 63  figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies