Get Business Insights on the Almond Butter Market for 2032

The almond butter market is anticipated to grow at a CAGR of 6.7% from 2022 to 2032, reaching a market valuation of US$ 643.0 Mn by 2021. The global market for plant-based butter, estimated at US$ 2.9 billion in 2021, is expected to see sales of almond butter make up about 21% of the total demand.

According to Future Market Insights, business to consumer (B2C) model has become more important in the food and beverage sector due to social media influence and growing preference for online purchasing. Hence, several almond butter manufacturers are turning towards B2C practices to serve customers globally.

B2C model supports an expanded customer reach in the global market at minimum costs. Penetration of online retail platforms such as Walmart, Amazon, Tesco, Costco, and others are propelling the sales of almond butter.

Consumers are extensively preferring online platforms with zero-contact purchasing. Hence, B2C has emerged as a major strategy for players in the almond butter market.

“Availability of numerous brands of almond butter under one roof in supermarkets and hypermarkets are providing customers more options, aiding the growth in global almond butter market. Over the assessment period, the customer-centric strategy and improved shopping experience will continue to draw consumer attention and drive market statistics.” said a lead analyst at FMI.

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Inflow of Massive Investment from Venture Capitalists

Vegan food products are booming in the global market, prompting a slew of capital investors to invest money into vegan food manufacturing firms. Vegan food producers are eyeing for financial back up in order to expand their operations and cater to international clientele. In the U.S, investments totaled US$ 747 million in 2019, up 11% from the previous year.

Other countries, such as the U.K., Germany, Australia, Japan, and India, are witnessing an upsurge in vegan food production investment. For instance, in 2019, Miyoko’s Creamery, a startup based in the United States, received $6 million in B series funding. Katjesgreenfood, a Katjes Group affiliate, has invested in Fora, a European vegan butter business.

Growing Flexitarian Population to Boost Demand for Almond Butter

Economists have dubbed 2019 as the vegan year, owing to the market’s rapid rise and rising vegan product consumption. Veganism, however, is only one pillar of the burgeoning business.

The market’s expansion is also due to the quick increase in the number of flexitarian consumers. Traditional dairy-based butter eaters are increasingly identifying as flexitarians, with the goal of reducing, their consumption of animal-based goods.

Hence, some of the leading companies offering almond butter are Olam International Ltd., Treehouse Almonds, Petrow Food Group, Barry Callebaut AG, Big Tree Organic Farms, Harris Woolf Almonds, Rapunzel Naturkost, All Organic Treasures GMBH, Tapia Foods, Napa Nuts, Caro Nut Company, United Food India, Royal Nut Company, and Other.

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Get Valuable Insights into Almond butter market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Almond butter market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Almond Butter Market By Category

By Nature:

  • Organic Almond Butter
  • Conventional Almond Butter

By Form:

  • Spreads
  • Liquid
  • Blocks

By End Use:

  • Food and Beverage Industry
  • HoReCa
  • Household Retail

By Sales Channel:

  • B2B
  • B2C
    • Modern Trade
    • Convenience Stores
    • Traditional Grocery Stores
    • Specialty Stores
    • Online Retail
    • Other Retail Formats

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle east and Africa

Frequently Asked Questions

  • How Big is the Almond Butter Market?
  • How Much Does Almond Butter Contribute to Plant-based Butter Market?
  • What is the North America Almond Butter Market Outlook?
  • At What Rate will Almond Butter Demand Grow in Europe?
  • At What Rate Will Almond Butter Demand Grow in Japan?

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About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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