The North America Almond Butter Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
The nut is described as almond butter, which can be boiled or roasted. To prevent degradation and oil separation, almond butter should be refrigerated as soon as it is opened. As an alternative to other spreads, almond butter can fill chocolate, ice cream parlor, oat bars, and bread cooking. The majority of almond butter is made in California. This is so because this region produces the majority of the raw almonds. The market for almond butter is expanding as more consumers choose a healthy lifestyle and look for food sources that are high in nutrition.
Ingredients from almonds are used in different food products and provide a variety of nutritional advantages, including vitamins, proteins, carbs, fiber, lipids, and minerals. The added benefit of almond butter suggests the rise of the almond butter market. Almond butter may be used in a wide range of food products, making it a popular choice among consumers concerned about their health and providing improved growth potential for almond butter production. Also, the area is quickly adopting new lifestyles and increasing its consumption of bakery snacks and dairy products, which can aid companies that manufacture & sell ingredients in the almond butter market.
Even though the meat has traditionally been seen as a significant component of the Canadian diet, Canadians have grown increasingly aware of their food choices and meat consumption. Red meat consumption among Canadians is notably declining. In a recent poll, Canadian women over 55 were found to have the highest likelihood of avoiding beef or other red meats in their diet. Together with other causes, veganism in Canada may be to blame for the country's declining milk consumption. Veganism also has a noticeable impact on the dairy business. Given all this, the almond butter market is anticipated to support market expansion in the following years.
The US market dominated the North America Almond Butter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $229.2 million by 2028. The Canada market is poised to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Almond Butter Market, by Distribution Channel
1.4.2 North America Almond Butter Market, by Nature
1.4.3 North America Almond Butter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Almond Butter Market by Distribution Channel
3.1 North America B2B Market by Country
3.2 North America Almond Butter Market by B2B Type
3.2.1 North America Food & Beverage Processing Industry Market by Country
3.2.2 North America HoReCa Market by Country
3.2.3 North America Personal Care & Cosmetic Industry Market by Country
3.3 North America B2C Market by Country
3.4 North America Almond Butter Market by B2C Type
3.4.1 North America Hypermarkets & Supermarkets Market by Country
3.4.2 North America Convenience Stores Market by Country
3.4.3 North America Online Market by Country
3.4.4 North America Others Market by Country
Chapter 4. North America Almond Butter Market by Nature
4.1 North America Conventional Market by Country
4.2 North America Organic Market by Country
Chapter 5. North America Almond Butter Market by Country
5.1 US Almond Butter Market
5.1.1 US Almond Butter Market by Distribution Channel
5.1.1.1 US Almond Butter Market by B2B Type
5.1.1.2 US Almond Butter Market by B2C Type
5.1.2 US Almond Butter Market by Nature
5.2 Canada Almond Butter Market
5.2.1 Canada Almond Butter Market by Distribution Channel
5.2.1.1 Canada Almond Butter Market by B2B Type
5.2.1.2 Canada Almond Butter Market by B2C Type
5.2.2 Canada Almond Butter Market by Nature
5.3 Mexico Almond Butter Market
5.3.1 Mexico Almond Butter Market by Distribution Channel
5.3.1.1 Mexico Almond Butter Market by B2B Type
5.3.1.2 Mexico Almond Butter Market by B2C Type
5.3.2 Mexico Almond Butter Market by Nature
5.4 Rest of North America Almond Butter Market
5.4.1 Rest of North America Almond Butter Market by Distribution Channel
5.4.1.1 Rest of North America Almond Butter Market by B2B Type
5.4.1.2 Rest of North America Almond Butter Market by B2C Type
5.4.2 Rest of North America Almond Butter Market by Nature
Chapter 6. Company Profiles
6.1 Hormel Foods Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 Hallstar
6.2.1 Company Overview
6.3 The Hain Celestial Group, Inc.
6.3.1 Company overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research & Development Expense
6.4 Barney Butter
6.4.1 Company Overview
6.5 Nutty Novelties
6.5.1 Company Overview
6.6 8th Avenue Food & Provisions (Post Holdings, Inc.)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental Analysis
6.6.4 Research & Development Expenses
6.7 Cache Creek Foods
6.7.1 Company Overview
6.8 Nuts 'N More
6.8.1 Company Overview
6.9 Once Again Nut Butter
6.9.1 Company Overview
6.9.2 Recent strategies and developments:
6.9.2.1 Product Launches and Product Expansions:
6.10. SOPHIM
6.10.1 Company Overview
TABLE 1 North America Almond Butter Market, 2018 - 2021, USD Million
TABLE 2 North America Almond Butter Market, 2022 - 2028, USD Million
TABLE 3 North America Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America B2B Market by Country, 2018 - 2021, USD Million
TABLE 6 North America B2B Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 8 North America Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 9 North America Food & Beverage Processing Industry Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Food & Beverage Processing Industry Market by Country, 2022 - 2028, USD Million
TABLE 11 North America HoReCa Market by Country, 2018 - 2021, USD Million
TABLE 12 North America HoReCa Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Personal Care & Cosmetic Industry Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Personal Care & Cosmetic Industry Market by Country, 2022 - 2028, USD Million
TABLE 15 North America B2C Market by Country, 2018 - 2021, USD Million
TABLE 16 North America B2C Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 18 North America Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 19 North America Hypermarkets & Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Hypermarkets & Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 28 North America Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 29 North America Conventional Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Organic Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Organic Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Almond Butter Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Almond Butter Market by Country, 2022 - 2028, USD Million
TABLE 35 US Almond Butter Market, 2018 - 2021, USD Million
TABLE 36 US Almond Butter Market, 2022 - 2028, USD Million
TABLE 37 US Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 US Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 US Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 40 US Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 41 US Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 42 US Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 43 US Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 44 US Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 45 Canada Almond Butter Market, 2018 - 2021, USD Million
TABLE 46 Canada Almond Butter Market, 2022 - 2028, USD Million
TABLE 47 Canada Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Canada Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Canada Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 50 Canada Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 51 Canada Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 52 Canada Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 53 Canada Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 54 Canada Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 55 Mexico Almond Butter Market, 2018 - 2021, USD Million
TABLE 56 Mexico Almond Butter Market, 2022 - 2028, USD Million
TABLE 57 Mexico Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Mexico Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Mexico Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 60 Mexico Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 61 Mexico Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 62 Mexico Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 63 Mexico Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 64 Mexico Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 65 Rest of North America Almond Butter Market, 2018 - 2021, USD Million
TABLE 66 Rest of North America Almond Butter Market, 2022 - 2028, USD Million
TABLE 67 Rest of North America Almond Butter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 Rest of North America Almond Butter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 Rest of North America Almond Butter Market by B2B Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Almond Butter Market by B2B Type, 2022 - 2028, USD Million
TABLE 71 Rest of North America Almond Butter Market by B2C Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Almond Butter Market by B2C Type, 2022 - 2028, USD Million
TABLE 73 Rest of North America Almond Butter Market by Nature, 2018 - 2021, USD Million
TABLE 74 Rest of North America Almond Butter Market by Nature, 2022 - 2028, USD Million
TABLE 75 Key Information – Hormel Foods Corporation
TABLE 76 Key Information – Hallstar
TABLE 77 Key Information – The Hain Celestial Group, Inc.
TABLE 78 Key Information – Barney Butter
TABLE 79 Key Information – Nutty Novelties
TABLE 80 Key Information – 8th Avenue Food & Provisions
TABLE 81 Key Information – Cache Creek Foods
TABLE 82 Key Information – Nuts 'N More
TABLE 83 Key Information – Once Again Nut Butter
TABLE 84 Key Information – SOPHIM
List of Figures
FIG 1 Methodology for the research