The Asia Pacific Almond Butter Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Almond butter's excellent nutritional content and other health advantages are a few of the causes promoting the food sector’s expansion. As a result, in the market and various industries, almond butter is in high demand. Because it doesn't include any salt or sugar, raw almond butter differs from roasted almond butter. It is made up of ground almonds, which are almonds with brown skin still on. The almonds must be blanched, peeled, and ground into a paste-like consistency before manufacturing this kind of product. The raw almond butter is prepared for consumption once it has reached a smooth texture.
The almonds are heated to a specific temperature and then mashed into a creamy texture, smooth to create roasted almond butter. Almonds' flavor and aroma are improved by roasting. It may be light or dark in color, depending on how long it is roasted. Because of the roasted flavor and high-fat content, the oil does not separate from the other ingredients, making it an excellent spread for toast or sandwiches. Moreover, roasted almond butter is common in many dishes, such as pestos, sauces, pate, and other spreads. It can be found seasoned with sea salt or other additives for extra flavor.
The synthetic chemicals used in cosmetics and toiletries have raised consumer awareness in Asia. Because organic & natural cosmetics are seen as authentic and high-quality goods, people are increasingly turning to them. Numerous companies in the region, including Jurlique from Australia, see this as a good time to launch their lines of organic & natural goods. Almond butter and other natural ingredients are therefore in higher demand. China is also showing signs of being the market in this region with the greatest expansion rate for cosmetics and beauty products. Due to rising consumer buying power and increased knowledge of organic products, this market is expanding.
The China market dominated the Asia Pacific Almond Butter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $84.3 million by 2028. The Japan market is estimated to grow a CAGR of 7.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.6% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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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