According to a new report, published by KBV research, The Global Almond Butter Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The B2C segment is showcasing a CAGR of 8.7% during (2022 - 2028). The B2C strategy facilitates a global customer base expansion at a minimal cost. The proliferation of online retail sites, including Walmart, Amazon, Tesco, and Costco, is driving almond butter sales. Customers overwhelmingly favor online platforms with contactless transactions. Thus, the market is witnessing significant growth in this segment.
The Conventional segment acquired maximum revenue share in the Global Almond Butter Market by Nature in 2021 thereby, achieving a market value of $893.1 million by 2028. This is mostly attributable to the effectiveness of its distribution channels in making conventional almond butter readily available on the market. Aside from this, the use of almond butter for illness prevention & health maintenance is anticipated to drive a positive increase in terms of value throughout the projected period. In addition, diverse applications of almond butter among end-user industries will generate additional prospects for the almond butter market throughout the forecast period.
The Europe market dominated the Global Almond Butter Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $376.6 million by 2028. The North America market is exhibiting a CAGR of 6.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/almond-butter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
By Nature
By Geography
Companies Profiled
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