Almond Protein Market Likely To Touch At 1.2 Million By 2025Posted by Mrudula Anil Karmarkar on April 6th, 2022 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., 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. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/5833/ibb 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. Almond Protein Market Report Highlights
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. Almond protein finds the majority of applications in beverages like smoothies and milkshakes to give them a protein boost. The protein is made from the process of pressurization which removes more than half of the fat, making it ideal for use in health and wellness products like protein bars and shakes. Moreover, the fats found in almond protein are not as harmful as those sourced from animals, which has gluten, higher levels of cholesterol, and saturated fats that increase the risk of heart diseases, Trimethylamine N-oxide (TMAO), and cancer. Grand View Research has segmented the global almond protein market on the basis of application, distribution channel: Almond Protein Application Outlook (Revenue, USD Million, 2015 - 2025)
Almond Protein Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Like it? Share it! More by this author |