According to a new report, published by KBV research, The Global Almond Protein Market size is expected to reach $9.4 billion by 2031, rising at a market growth of 14.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 70,140.1 Tonnes experiencing a growth of 14.5% (2020-2023).
The global rise in the number of vegans and vegetarians has directly contributed to the growth of the almond protein market. As plant-based eating continues to trend upward, almond protein is being adopted across various products. This includes dairy substitutes like almond milk protein powders and meat alternatives. The versatility of almond protein allows it to be incorporated into an extensive array of products, making it accessible to a wider audience.
The Conventional segment led the maximum revenue in the Global Almond Protein Market by Type in 2023, thereby, achieving a market value of $6 billion by 2031. This can be attributed to the widespread adoption of conventional almond protein, which is typically more accessible and affordable due to larger-scale production processes. The conventional variant remains the dominant choice in the market, especially among businesses prioritizing cost-efficiency and scalability.
The B2B segment is growing at a CAGR of 13.7 % during the forecast period. They are driven by the rising demand for plant-based ingredients across industries such as food and beverages, supplements, and cosmetics. According to the International Trade Administration (ITA), by 2026, the global B2B e-commerce market will be valued at USD$36 trillion. Global B2C e-commerce revenue is expected to grow to USD$5.5 trillion by 2027.
Full Report: https://www.kbvresearch.com/almond-protein-market/
The North America region dominated the Global Almond Protein Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.5 billion by 2031. The Europe region is anticipated to grow at a CAGR of 13.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 14.7% during (2024 - 2031).
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
Unique Offerings 
