The Latin America, Middle East and Africa Almond Protein Market would witness market growth of 16.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,552.1 Tonnes, showcasing a growth of 14.0% (2024-2031).
In this Market, the B2C (Business-to-Consumer) segment plays a significant role in driving demand, as consumers increasingly seek plant-based protein sources for health, wellness, and dietary preferences. This end-use segment primarily includes direct sales of these protein products to individual consumers through retail channels, e-commerce platforms, and specialty health stores. This protein is often marketed to health-conscious buyers, fitness enthusiasts, vegans, and those with dietary restrictions such as gluten or dairy intolerance. Thus, the B2C segment in Brazil market consumed 357.88 Tonnes in 2023.
The Brazil market dominated the LAMEA Almond Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $170.4 million by 2031. The Argentina market is showcasing a CAGR of 16.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 15.1% during (2024 - 2031).
Adopting this protein can be attributed to several key factors that align with current consumer preferences and industry trends. The growing awareness of plant-based diets and sustainability is fuelling the rise of this protein. As more people adopt plant-based and flexitarian diets, this protein’s popularity grows. Consumers are becoming more health-conscious, seeking products that offer better nutritional profiles and health benefits. This protein is viewed as a clean, natural source of protein that offers an excellent amino acid profile without the cholesterol and saturated fats found in animal-based proteins.
The environmental impact of food production, particularly the agricultural practices associated with animal farming, has led to a greater push for sustainable alternatives. As a plant-based protein source, almonds require less land, water, and energy than animal agriculture. As the environmental impact of food production becomes a central issue for consumers, companies are increasingly turning to this protein to meet the growing demand for more eco-friendly products.
In Brazil, the food processing sector is a crucial part of the economy, contributing $231 billion in revenues in 2023, or 10.8% of the country’s GDP. Demand for plant-based proteins like almonds is rising as Brazilian consumers grow more health-conscious and look for sustainable dietary options. The country’s food processing industry, which includes more than 38,000 companies, is witnessing a shift toward healthier ingredients, and this protein fits this demand perfectly. This market is experiencing significant growth driven by two emerging trends in key global regions: the booming e-commerce sector in the UAE and the expanding food processing industry in Brazil. E-commerce has emerged as a major force in retail in the United Arab Emirates, with sales rising 53% to $3.9 billion in 2020 and predicted to reach $8 billion by 2025. Therefore, the rising food processing industry and increasing e-commerce sector in the region are driving the market's growth.
Free Valuable Insights: The Worldwide Almond Protein Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Blue Diamond Growers
- Archer Daniels Midland Company
- Nut Butter Concepts LLC
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- BASF SE
- Nestle S.A. (Orgain Inc.)
- Mars, Inc.
- The Hershey Company
LAMEA Almond Protein Market Report Segmentation
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Tonnes, USD Billion, 2020-2031)
- B2B
- Food & Beverages
- Cosmetics & Personal Care
- Supplements
- B2C
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Almond Protein Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Almond Protein Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Almond Protein Market, 2020 - 2023, Tonnes
TABLE 4 LAMEA Almond Protein Market, 2024 - 2031, Tonnes
TABLE 5 LAMEA Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 6 LAMEA Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 7 LAMEA Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 8 LAMEA Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 9 LAMEA Conventional Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Conventional Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Conventional Market by Country, 2020 - 2023, Tonnes
TABLE 12 LAMEA Conventional Market by Country, 2024 - 2031, Tonnes
TABLE 13 LAMEA Organic Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Organic Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Organic Market by Country, 2020 - 2023, Tonnes
TABLE 16 LAMEA Organic Market by Country, 2024 - 2031, Tonnes
TABLE 17 LAMEA Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 18 LAMEA Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 19 LAMEA Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 20 LAMEA Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 21 LAMEA B2B Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA B2B Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA B2B Market by Country, 2020 - 2023, Tonnes
TABLE 24 LAMEA B2B Market by Country, 2024 - 2031, Tonnes
TABLE 25 LAMEA Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 26 LAMEA Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 27 LAMEA Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 28 LAMEA Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 29 LAMEA Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Food & Beverages Market by Country, 2020 - 2023, Tonnes
TABLE 32 LAMEA Food & Beverages Market by Country, 2024 - 2031, Tonnes
TABLE 33 LAMEA Cosmetics & Personal Care Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Cosmetics & Personal Care Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Cosmetics & Personal Care Market by Country, 2020 - 2023, Tonnes
TABLE 36 LAMEA Cosmetics & Personal Care Market by Country, 2024 - 2031, Tonnes
TABLE 37 LAMEA Supplements Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Supplements Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Supplements Market by Country, 2020 - 2023, Tonnes
TABLE 40 LAMEA Supplements Market by Country, 2024 - 2031, Tonnes
TABLE 41 LAMEA B2C Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA B2C Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA B2C Market by Country, 2020 - 2023, Tonnes
TABLE 44 LAMEA B2C Market by Country, 2024 - 2031, Tonnes
TABLE 45 LAMEA Almond Protein Market by Country, 2020 - 2023, USD Million
TABLE 46 LAMEA Almond Protein Market by Country, 2024 - 2031, USD Million
TABLE 47 LAMEA Almond Protein Market by Country, 2020 - 2023, Tonnes
TABLE 48 LAMEA Almond Protein Market by Country, 2024 - 2031, Tonnes
TABLE 49 Brazil Almond Protein Market, 2020 - 2023, USD Million
TABLE 50 Brazil Almond Protein Market, 2024 - 2031, USD Million
TABLE 51 Brazil Almond Protein Market, 2020 - 2023, Tonnes
TABLE 52 Brazil Almond Protein Market, 2024 - 2031, Tonnes
TABLE 53 Brazil Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 54 Brazil Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 55 Brazil Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 56 Brazil Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 57 Brazil Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 58 Brazil Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 59 Brazil Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 60 Brazil Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 61 Brazil Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 62 Brazil Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 63 Brazil Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 64 Brazil Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 65 Argentina Almond Protein Market, 2020 - 2023, USD Million
TABLE 66 Argentina Almond Protein Market, 2024 - 2031, USD Million
TABLE 67 Argentina Almond Protein Market, 2020 - 2023, Tonnes
TABLE 68 Argentina Almond Protein Market, 2024 - 2031, Tonnes
TABLE 69 Argentina Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 70 Argentina Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 71 Argentina Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 72 Argentina Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 73 Argentina Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 74 Argentina Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 75 Argentina Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 76 Argentina Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 77 Argentina Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 78 Argentina Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 79 Argentina Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 80 Argentina Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 81 UAE Almond Protein Market, 2020 - 2023, USD Million
TABLE 82 UAE Almond Protein Market, 2024 - 2031, USD Million
TABLE 83 UAE Almond Protein Market, 2020 - 2023, Tonnes
TABLE 84 UAE Almond Protein Market, 2024 - 2031, Tonnes
TABLE 85 UAE Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 86 UAE Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 87 UAE Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 88 UAE Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 89 UAE Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 90 UAE Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 91 UAE Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 92 UAE Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 93 UAE Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 94 UAE Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 95 UAE Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 96 UAE Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 97 Saudi Arabia Almond Protein Market, 2020 - 2023, USD Million
TABLE 98 Saudi Arabia Almond Protein Market, 2024 - 2031, USD Million
TABLE 99 Saudi Arabia Almond Protein Market, 2020 - 2023, Tonnes
TABLE 100 Saudi Arabia Almond Protein Market, 2024 - 2031, Tonnes
TABLE 101 Saudi Arabia Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 102 Saudi Arabia Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 103 Saudi Arabia Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 104 Saudi Arabia Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 105 Saudi Arabia Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 106 Saudi Arabia Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 107 Saudi Arabia Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 108 Saudi Arabia Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 109 Saudi Arabia Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 110 Saudi Arabia Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 111 Saudi Arabia Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 112 Saudi Arabia Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 113 South Africa Almond Protein Market, 2020 - 2023, USD Million
TABLE 114 South Africa Almond Protein Market, 2024 - 2031, USD Million
TABLE 115 South Africa Almond Protein Market, 2020 - 2023, Tonnes
TABLE 116 South Africa Almond Protein Market, 2024 - 2031, Tonnes
TABLE 117 South Africa Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 118 South Africa Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 119 South Africa Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 120 South Africa Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 121 South Africa Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 122 South Africa Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 123 South Africa Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 124 South Africa Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 125 South Africa Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 126 South Africa Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 127 South Africa Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 128 South Africa Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 129 Nigeria Almond Protein Market, 2020 - 2023, USD Million
TABLE 130 Nigeria Almond Protein Market, 2024 - 2031, USD Million
TABLE 131 Nigeria Almond Protein Market, 2020 - 2023, Tonnes
TABLE 132 Nigeria Almond Protein Market, 2024 - 2031, Tonnes
TABLE 133 Nigeria Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 134 Nigeria Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 135 Nigeria Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 136 Nigeria Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 137 Nigeria Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 138 Nigeria Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 139 Nigeria Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 140 Nigeria Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 141 Nigeria Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 142 Nigeria Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 143 Nigeria Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 144 Nigeria Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 145 Rest of LAMEA Almond Protein Market, 2020 - 2023, USD Million
TABLE 146 Rest of LAMEA Almond Protein Market, 2024 - 2031, USD Million
TABLE 147 Rest of LAMEA Almond Protein Market, 2020 - 2023, Tonnes
TABLE 148 Rest of LAMEA Almond Protein Market, 2024 - 2031, Tonnes
TABLE 149 Rest of LAMEA Almond Protein Market by Type, 2020 - 2023, USD Million
TABLE 150 Rest of LAMEA Almond Protein Market by Type, 2024 - 2031, USD Million
TABLE 151 Rest of LAMEA Almond Protein Market by Type, 2020 - 2023, Tonnes
TABLE 152 Rest of LAMEA Almond Protein Market by Type, 2024 - 2031, Tonnes
TABLE 153 Rest of LAMEA Almond Protein Market by End Use, 2020 - 2023, USD Million
TABLE 154 Rest of LAMEA Almond Protein Market by End Use, 2024 - 2031, USD Million
TABLE 155 Rest of LAMEA Almond Protein Market by End Use, 2020 - 2023, Tonnes
TABLE 156 Rest of LAMEA Almond Protein Market by End Use, 2024 - 2031, Tonnes
TABLE 157 Rest of LAMEA Almond Protein Market by B2B Type, 2020 - 2023, USD Million
TABLE 158 Rest of LAMEA Almond Protein Market by B2B Type, 2024 - 2031, USD Million
TABLE 159 Rest of LAMEA Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
TABLE 160 Rest of LAMEA Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
TABLE 161 Key Information – Blue Diamond Growers, Inc.
TABLE 162 Key Information – Archer Daniels Midland Company
TABLE 163 Key Information – Nut Butter Concepts LLC
TABLE 164 Key Information – Sabinsa Corporation
TABLE 165 Key Information – BASF SE
TABLE 166 Key Information – Nestle S.A.
TABLE 167 key information – Mars, Inc.
TABLE 168 Key Information –The Hershey Company
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Almond Protein Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Almond Protein Market
FIG 4 Porter’s Five Forces Analysis – Almond Protein Market
FIG 5 LAMEA Almond Protein Market share by Type, 2023
FIG 6 LAMEA Almond Protein Market share by Type, 2031
FIG 7 LAMEA Almond Protein Market by Type, 2020 - 2031, USD Million
FIG 8 LAMEA Almond Protein Market share by End Use, 2023
FIG 9 LAMEA Almond Protein Market share by End Use, 2031
FIG 10 LAMEA Almond Protein Market by End Use, 2020 - 2031, USD Million
FIG 11 LAMEA Almond Protein Market share by Country, 2023
FIG 12 LAMEA Almond Protein Market share by Country, 2031
FIG 13 LAMEA Almond Protein Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Blue Diamond Growers, Inc.
FIG 15 SWOT Analysis: Archer Daniels Midland Company
FIG 16 Swot Analysis: Sabinsa corporation
FIG 17 SWOT Analysis: BASF SE
FIG 18 SWOT Analysis: Nestle S.A.
FIG 19 Swot Analysis: Mars, Inc.
FIG 20 SWOT Analysis: The Hershey Company