Almond Ingredients Market Sluggish Growth Rate Foreseen by -2031
Posted by Aparna P on August 8th, 2022
The increasing almond-based product launches by key players in the food & beverage market drives the growth of almond ingredients market. Other factors driving the demand for the almond ingredients include growing inclination of consumers toward plant-based and gluten-free products and associations and organizations promoting the almond ingredients industry.
Global Almond Ingredients Market – Notable Developments
Some of the key developments in the global almond ingredients market are given below:
In December 2019, Olam International Limited (Singapore) acquired Hughson Nut (California). This helped the company in expanding its almond ingredients capacity and meeting the growing demand from customers in and outside the US.
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In February 2019, Blue Diamond Growers signed a multi‐year licensing partnership agreement with Grupo LAlA (Mexico), a leading healthy and nutritious food company. This agreement would help the company sell and distribute its almond milk/beverage, “Almond Breeze,” in Mexico.
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About the AuthorAparna P
Joined: May 13th, 2021
Articles Posted: 364
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