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.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- B2B
- Food & Beverage Processing Industry
- HoReCa
- Personal Care & Cosmetic Industry
- B2C
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others
By Nature
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- SOPHIM
TABLE 1 Asia Pacific Almond Butter Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Almond Butter Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific B2B Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific B2B Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Food & Beverage Processing Industry Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Food & Beverage Processing Industry Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific HoReCa Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific HoReCa Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Personal Care & Cosmetic Industry Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Personal Care & Cosmetic Industry Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific B2C Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific B2C Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Hypermarkets & Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Hypermarkets & Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Online Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Online Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Organic Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Organic Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Almond Butter Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Almond Butter Market by Country, 2022 - 2028, USD Million
TABLE 35 China Almond Butter Market, 2018 - 2021, USD Million
TABLE 36 China Almond Butter Market, 2022 - 2028, USD Million
TABLE 37 China Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 China Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 China Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 40 China Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 41 China Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 42 China Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 43 China Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 44 China Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 45 Japan Almond Butter Market, 2018 - 2021, USD Million
TABLE 46 Japan Almond Butter Market, 2022 - 2028, USD Million
TABLE 47 Japan Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Japan Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Japan Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 50 Japan Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 51 Japan Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 52 Japan Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 53 Japan Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 54 Japan Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 55 India Almond Butter Market, 2018 - 2021, USD Million
TABLE 56 India Almond Butter Market, 2022 - 2028, USD Million
TABLE 57 India Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 India Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 India Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 60 India Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 61 India Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 62 India Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 63 India Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 64 India Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 65 South Korea Almond Butter Market, 2018 - 2021, USD Million
TABLE 66 South Korea Almond Butter Market, 2022 - 2028, USD Million
TABLE 67 South Korea Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 South Korea Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 South Korea Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 70 South Korea Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 71 South Korea Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 72 South Korea Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 73 South Korea Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 74 South Korea Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 75 Singapore Almond Butter Market, 2018 - 2021, USD Million
TABLE 76 Singapore Almond Butter Market, 2022 - 2028, USD Million
TABLE 77 Singapore Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 Singapore Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 Singapore Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 80 Singapore Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 81 Singapore Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 82 Singapore Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 83 Singapore Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 84 Singapore Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 85 Malaysia Almond Butter Market, 2018 - 2021, USD Million
TABLE 86 Malaysia Almond Butter Market, 2022 - 2028, USD Million
TABLE 87 Malaysia Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Malaysia Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Malaysia Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 92 Malaysia Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 93 Malaysia Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 94 Malaysia Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Almond Butter Market, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Almond Butter Market, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 105 Key Information – Hormel Foods Corporation
TABLE 106 Key Information – Hallstar
TABLE 107 Key Information – The Hain Celestial Group, Inc.
TABLE 108 Key Information – Barney Butter
TABLE 109 Key Information – Nutty Novelties
TABLE 110 Key Information – 8th Avenue Food & Provisions
TABLE 111 Key Information – Cache Creek Foods
TABLE 112 Key Information – Nuts 'N More
TABLE 113 Key Information – Once Again Nut Butter
TABLE 114 Key Information – SOPHIM
List of Figures
FIG 1 Methodology for the research