The Europe Almond Butter Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The market for almond butter is anticipated to grow due to the possible health advantages of almond-based products. For healthy bones and teeth, as well as pain management, calcium is essential. The most calcium is found in almonds than in any other nut. Almond butter is becoming increasingly popular with vegans and anyone who avoid dairy and eggs. Omega-3 fatty acids are included in almond butter, and these qualities make it a complete health food.
The most popular uses for almond butter are as a toast or snack sauce. Many morning recipes, including granola and pancakes, call for it. Almond butter combines nicely with essential oils and is perfect for all-natural moisturizing, emollient massages, which are predicted to boost the market's profitability. Almond butter has a little sweet and creamy flavor. Some producers prepare almond butter with blanched almonds to give it a digestible peanut butter flavor. Also, it is accessible in a variety of textures.
The widespread availability of almond-based products by key food & beverage market participants contributes to expanding the Europe almond Ingredients market. In affluent nations such as Spain, France, Germany, and the United Kingdom, the demand for foods containing nut components, particularly almonds, is rising due to rising obesity and aging populations. To prevent illness, customers are gradually adopting healthy eating practices. The demand for almond butter in Europe is driven by the nutritional benefits of almond components. Also, growing awareness of plant-based and gluten-free products is driving the expansion of regional markets. For example, Europe's almond butter markets will be driven by rising consumer awareness of almonds and associated items and their impact on consumer health.
The Germany market dominated the Europe Almond Butter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $87.4 million by 2028. The UK market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.3% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into B2B and B2C. Based on B2B Type, the market is segmented into Food & Beverage Processing Industry, HoReCa and Personal Care & Cosmetic Industry. Based on B2C Type, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Online and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Almond Butter Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hormel Foods Corporation, Hallstar, The Hain Celestial Group, Inc., Barney Butter, Nutty Novelties, 8th Avenue Food & Provisions, Cache Creek Foods, Nuts 'N More, Once Again Nut Butter and SOPHIM.
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