The Asia Pacific Almond Protein Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 20,187.6 Tonnes, showcasing a growth of 15.8% (2020-2023).
In this Market, B2B (Business-to-Business) as an end-use refers to the segment where this protein is sold directly to other businesses rather than individual consumers. This includes various industries such as food and beverage manufacturers, nutraceutical companies, and cosmetic brands, which incorporate this protein into their products. For food and beverage manufacturers, this protein serves as a key ingredient in protein bars, smoothies, dairy alternatives, and baked goods, catering to the growing demand for plant-based protein sources. Thus, the B2B segment in China market consumed 5,116.31 Tonnes in 2023.
The China market dominated the Asia Pacific Almond Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $706.6 million by 2031. The Japan market is registering a CAGR of 14% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 15.7% during (2024 - 2031).
Beyond the food and beverage industry, this protein is also gaining ground in the cosmetics and personal care sector. Almond oil, derived from the same plant, has long been used for its moisturizing properties. Now, this protein is increasingly included in skincare products due to its ability to hydrate and nourish the skin. It is also used in hair care products to strengthen hair and promote growth.
This protein is finding an increasing role in the animal feed industry, particularly in plant-based pet foods and livestock feeds. As the pet population grows, particularly among owners who prefer to feed their pets plant-based diets, this protein offers an ethical and sustainable alternative to traditional animal-based proteins in pet food formulations.
This demographic shift presents a unique opportunity for this market, as older individuals typically require higher protein intake to maintain muscle mass and overall health. Protein-rich foods like this protein are becoming increasingly important to meet the dietary needs of this aging population. For senior Chinese citizens who want to increase their protein intake, this protein provides a sustainable and wholesome choice as the health advantages of plant-based proteins become more widely recognized. This demographic shift presents a unique opportunity for this market, as older individuals typically require higher protein intake to maintain muscle mass and overall health. Protein-rich foods like this protein are becoming increasingly important to meet the dietary needs of this aging population. For senior Chinese citizens who want to increase their protein intake, this protein provides a sustainable and wholesome choice as the health advantages of plant-based proteins become more widely recognized. Therefore, the high deficiency of protein in India and the region's aging population are driving the market's growth.
Free Valuable Insights: The Global Almond Protein Market is Predict to reach USD 9.4 Billion by 2031, at a CAGR of 14.1%
Based on Type, the market is segmented into Conventional, and Organic. Based on End Use, the market is segmented into B2B (Food & Beverages, Cosmetics & Personal Care, and Supplements), and B2C. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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