The Latin America, Middle East and Africa Almond Butter Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
The almonds butter market is anticipated to develop due to the increased demand for almond content in various food & beverage applications, including spreads & toppings, drinks, and confectionery. The increasing preference for nut butter over other conventional goods results from customers' increased focus on health-oriented diets worldwide. Additionally, the affordable price tag coupled with the high nutritional content of these products propels their use in the packaged food & beverage business.
One of the key elements influencing consumer product uptake is the convenience these items provide due to their long shelf lives. Furthermore, the demand for vegan food products has prompted a flood of capital investors to put money into companies that produce vegan cuisine. As a result, producers of vegan cuisine are looking for financial support to grow their businesses and serve a global audience.
The cosmetics & beauty products industry is one of the most active and expanding in South America. Most Latina women know the markers of physical attractiveness in their culture. The three largest cosmetics markets in Latin America are Colombia, Brazil, and Chile. In Latin America, consumers have a keen interest in cosmetics and personal care. They are brand-savvy and more interested than ever in personal hygiene and cosmetics. Social media networks are the best resource for learning about personal care & cosmetics products. The Middle East is known for spending money on cosmetics. Grooming and care are highly valued in this society. Arab women's perceptions of their beauty rituals are changing because the region has some of the world's highest per capita beauty spending rates.
The Brazil market dominated the LAMEA Almond Butter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.6 million by 2028. The Argentina market is experiencing a CAGR of 10.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Almond Butter Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Almond Butter Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 LAMEA Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 LAMEA B2B Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA B2B Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Food & Beverage Processing Industry Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Food & Beverage Processing Industry Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA HoReCa Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA HoReCa Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Personal Care & Cosmetic Industry Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Personal Care & Cosmetic Industry Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA B2C Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA B2C Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 18 LAMEA Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 19 LAMEA Hypermarkets & Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Hypermarkets & Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Online Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Online Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 28 LAMEA Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 29 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Organic Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Organic Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Almond Butter Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Almond Butter Market by Country, 2022 - 2028, USD Million
TABLE 35 Brazil Almond Butter Market, 2018 - 2021, USD Million
TABLE 36 Brazil Almond Butter Market, 2022 - 2028, USD Million
TABLE 37 Brazil Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Brazil Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Brazil Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 40 Brazil Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 41 Brazil Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 42 Brazil Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 43 Brazil Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 44 Brazil Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 45 Argentina Almond Butter Market, 2018 - 2021, USD Million
TABLE 46 Argentina Almond Butter Market, 2022 - 2028, USD Million
TABLE 47 Argentina Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Argentina Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Argentina Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 50 Argentina Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 51 Argentina Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 52 Argentina Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 53 Argentina Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 54 Argentina Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 55 UAE Almond Butter Market, 2018 - 2021, USD Million
TABLE 56 UAE Almond Butter Market, 2022 - 2028, USD Million
TABLE 57 UAE Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 UAE Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 UAE Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 60 UAE Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 61 UAE Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 62 UAE Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 63 UAE Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 64 UAE Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Almond Butter Market, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Almond Butter Market, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 75 South Africa Almond Butter Market, 2018 - 2021, USD Million
TABLE 76 South Africa Almond Butter Market, 2022 - 2028, USD Million
TABLE 77 South Africa Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 South Africa Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 South Africa Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 80 South Africa Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 81 South Africa Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 82 South Africa Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 83 South Africa Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 84 South Africa Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 85 Nigeria Almond Butter Market, 2018 - 2021, USD Million
TABLE 86 Nigeria Almond Butter Market, 2022 - 2028, USD Million
TABLE 87 Nigeria Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Nigeria Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Nigeria Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 90 Nigeria Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 91 Nigeria Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 92 Nigeria Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 93 Nigeria Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 94 Nigeria Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Almond Butter Market, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Almond Butter Market, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA 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