Almond butter is a food paste, made from raw or roasted almonds. Almond butter is a rich source of unsaturated fats which are heart friendly. It also contains high amount of proteins, vitamins and minerals. Along with these properties, almond butter also contains the presence of omega-3 fatty acid that makes the almond butter a complete health product. Almond butter is most commonly used as spreads on bread or dips for snacks. Almond butter is also used as breakfast treat in many recipes like granola, pancakes. Almond Butter is a hydrating, moisturizing and natural emollient making it ideal for use in massage, and it blends easily with essential oils and hence is expected to increase the revenue contribution of almond butter market.
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On the basis of regions, the almond butter market is segmented into following key regions; North America, Western and Eastern Europe, Asia Pacific and The Middle East and Africa. North America grabs the major share of global almond butter market and it is expected to grow at a steady rate. Western Europe regional market is expected to grow at a relatively higher growth rate over the forecast period.
The high nutritional value of almond butter and other health benefits are some of the driving factors which are expected to grow the global almond butter market in food industry. Almond butter has high demand in several sectors and world market. Principle factor driving the global almond butter market is continuous rise in demand for peanut butter substitute products due to consumer indulgence like, availability of low cost substitutes and variety of options in speeds. Rising market demand for natural products based cosmetics and skin care products is becoming another market driver for almond butter. Its hydrating, moisturizing and natural emollient making it ideal for use in massage, it blends easily with essential oils and hence is expected to fuel the market growth of almond butter.
Almond butter is gaining acceptance at a growing rate and some of the key players participating in the global almond butter market which includes; Barney Butter, Maranatha, Futter’s Nut Butters, Once Again Nut Butter, Dakini Health Foods, Edennuts, Cache Creek Foods, Justin’s, Sokol & Company, The J.M. Smucker Company, Nuts’n More, Zinke Orchards, Premier Organics, California Almonds, Solstice Canyon, Prana.