In 2021, the Organic Almond Market was valued at US$ 100.82 million. During the forecast period, the market is expected to increase at a CAGR of 9.54% by 2027, the market is anticipated to be worth US$ 174.17 million.
Organic Almond Market Overview:
Almonds have been associated with a number of health benefits and are rich in vitamins, minerals, protein, and fibre. One ounce of almonds, or about eight grammes of protein, is included in a handful. Indian-origin organic almonds are obtained from natural farms that have attained certification. Almonds are an excellent source of Omega-3, anti-oxidants, vitamins, calcium, iron, and magnesium, and they are delivered straight from the farmer’s fields to the pantry.
A balanced diet that includes almonds is essential for a long life. Magnesium, protein, calcium, iron, vitamin E, vitamin B6, vitamin B2, unsaturated fats, potassium, fibre, biotin, phosphorus, copper, and antioxidants are just a few of the minerals found in organic almonds, all of which contribute to their therapeutic capabilities. However, eating almonds frequently can be harmful because they are frequently sprayed with different insecticides and medications to keep them healthy.
In order to forecast the market from 2022 to 2027, 2021 is used as the base year. The market size for 2021 is projected based on actual data and outputs from global major players and key players. When predicting the market through 2027, the previous five years’ trends are taken into account. 2021 will be a year of analysis and exceptions, particularly in light of the effects of regional lockdown.
Organic Almond Market Dynamics:
One of the key drivers fueling the market for organic almonds is the growing consumer demand for goods produced using organic farming practises. As new items become developed and retailers who may offer organic products for their brands become more prevalent, organic products are the market’s fastest-growing consumer trend. Almost every nation on earth loves almonds because of their dietary, medicinal, and economic benefits.
Growing health concerns among the populace have pushed individuals to make healthy lifestyle and dietary choices. As a result, a sizable portion of the population now regularly eats organic almonds. Almonds grown organically are gratifyingly more broadly accessible, and industry firms continue to invest in R&D to bring organic almonds to market. Its markets have expanded quickly throughout the course of the projection years, keeping pace with the steadily growing organic food retail sector, which is a key factor in the market’s expansion.
However, market limits will result from changing consumer tastes and concerns about food safety. The two main varieties of almonds, bitter and sweet, share a great deal of genetic similarity. Sweet almonds are frequently seen on grocery store shelves or in almond-based foods like nougat and marzipan. They have a mildly nutty flavour. Since amygdaline, the compound that gives bitter almonds their bitter flavour, is not thought to be harmful to human health, bitter almonds were the most widely grown variety until a genetic mutation prevented the almond tree from producing it, which is the main factor impeding the market’s expansion.
Organic almond farming uses a number of selection or cultural practises to reduce pest plague rates. In keeping with the ongoing expansion of the retail organic food industry, the markets for organic almonds have been growing swiftly in the projected time frames. In unfavourable weather conditions, such as an unusually wet or prolonged rainy season, which is providing a large opportunity to the market, disease worries may negatively affect organic almond yields more than conventional yields.
Recent Trends in Organic Almond Market:
• Almonds are normally used in confectionery baking and come in a variety of forms, including raw, faded, and roasted. Almonds are widely used in Europe to make marzipan, a sweet paste used in pastries and candies, and they are repeatedly used in Asian beef, chicken, fish, and vegetarian cuisines.
• Almonds are obsessive in practically every country on the planet and have economic, medical, and nutritional profits. Even though the almond tree is native to western Asia, the United States produces the most almonds in the world, accounting for about 80% of global manufacture.
• Malk Organics introduced Organic Plant-Based Creamers, a plant-based beverage substitute, in September 2019. Unsweetened Oat and Vanilla Almond are two flavours obtainable on the market which is in high demand among consumers in various countries like U.S and Canada..
By Product Type, the market is segmented into Bitter and Sweet. The Sweet type segment is expected to hold the highest market share in terms of revenue by 2027. The most popular healthy food is sweet almonds. Many scientists are particularly fascinated by their levels of monounsaturated fats, which app is ear to get better blood lipids. Almonds appear to be safe for most non-allergic people when obsessive regularly in their diet. Sweet almonds may interrelate with medication used to treat cardiovascular disease, infertility, or oestrogen movement, opening up new markets for organic almonds. Sweet Almonds are being pressed in new instructions by the plant-based movement. However, the Bitter segment is expected to grow at a CAGR of 5.6% during the forecast period. Bitter almonds are ones that logically contain a toxin that your body converts to cyanide, a poisonous substance that can kill the human body. As a result, raw bitter almonds should be avoided. Bitter almonds can be cooked, roasted, or microwaved to lower their toxin content and make them safer to eat.
By Application, the market is segmented into Edible, Medicinal, and Personal Care Products. The Edible segment is expected to hold 38.5% of the overall market share in terms of revenue by 2027. The majority of almonds formed now are naturally delicious and healthy to guzzle. However, many of them were bitter and lethal back then. Even these days, eating 50 wild, bitter almonds or fewer might kill an adult, and only a handful contains enough cyanide to kill a youngster in which edible almond products are used to make this safe into the human body, which is the major reason for driving the growth of this segment. However, the Personal Care Products segment is expected to grow at a CAGR of 6.6% through the forecast period. Two B vitamins play a role in maintaining healthy skin. Riboflavin is 25% of the Daily Value in almonds, and niacin is 6% of the Daily Value in almonds. Copper, which plays a function in skin and hair pigmentation, is abundant in almonds. Linoleic acid, an important fatty acid, aids in the prevention of dry skin.
Organic Almond Market Regional Insights:
The market’s greatest market share in 2021 was held by the North American region. More almonds are produced in the United States than anyplace else in the world. Commercial almond farming is practised across North America. Typically, the harvest is abundant enough to feed the nation and export huge amounts to other nations. During the projection period, the U.S. and Canada provided the most almonds, both in and out of the shell, accounting for more than two-thirds (69.6%) of the global total.
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Organic Almond Market by Region
• North America
• Europe
• Asia Pacific
• South America
• The Middle East and Africa
Organic Almond Market Key Players
• Wonderful Pistachios Almonds
• Aryan International
• Big Tree Organic Farms
• Hilltop Ranch
• Harris Woolf California Almonds
• Billings Marketing
• Royal Rifco Company
• Sran Family Orchards
• OHM SAI AGRO PRODUCTS
• Royal Nut Company
• MOLDOVAN ORGANIC ALMONDS
• Organic Products
• Yeshraj Agro Expert Private Limited
• Sri Saraswati Organics
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