Product ID: SQMIG30H2155
Global Almond Butter Market Size, Share, Growth Analysis, By By Nature(Organic, Conventional), By By Product type(Regular, Flavored) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2155 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
61 |
Figures:
80
Global Almond Butter Market Dynamics
Drivers
Health and Wellness Trends:
- Almond butter is much healthier as compared to traditional peanut butter as it has more healthy fats and other essential nutrients. Growing consumer preference for foods with higher nutritional content around the world is forecasted to boost demand for almond butter in the future.
Plant-Based and Vegan Diets:
- Adoption of veganism and plant-based diets is increasing rapidly around the world and this is slated to boost demand for almond butter as well. Increasing demand for plant protein around the world is slated to favor sales of plant-based food products such as almond butter going forward.
Restraints
Price Volatility of Almonds:
- Weather conditions, crop yield, and supply chain disruption lead to price volatility of almonds and this can affect the costs of production and sales of almond butter as almonds are the key ingredient in it. These price fluctuations can result in loss of profits or loss of sales and slow down market growth.
Allergen Concerns:
- People with nut allergies are often allergic to most kinds of nuts and almond butter may pose a risk to these individuals. The increasing prevalence of allergies among the general population is pushing companies to label their products appropriately leading to additional costs and loss of profit margins to a certain extent.
Global Almond Butter Market Report Snapshots
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