The badaam (almond with shell) snack market was valued at $3.3 billion in 2023, and is projected to reach $5.2 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033.
Almond snacks have become increasingly popular in recent years due to their nutritional benefits. Almonds serve as a rich source of protein, healthy fats, vitamins, and minerals, thus making them an ideal choice for health-conscious consumers looking for a nutritious and indulgent snacking option. These nuts are available in various varieties to cater to diverse consumer preferences and dietary needs such as raw & roasted almonds, flavored almonds, and almond bars, and almond butter.
The growth of the global market is majorly driven by surge in demand for increase in consumer awareness of healthy snacking and surge in demand for convenient & portable snack options. Almonds are a key ingredient that can help broaden dietary options in snack products. Consumers are increasingly focusing on health, leading to a growing demand for snacks that offer nutritional benefits without compromising on taste. For instance, according to a study published in 2015 in PubMed - a free full-text archive of MEDLINE database of references and abstracts on life sciences and biomedical literature - states that consuming almonds increase vitamin E levels in the plasma and red blood cells as well as lowers overall cholesterol levels. Furthermore, with rising demand for functional foods, manufacturers are fortifying almond snacks with additional functional ingredients such as probiotics, protein, and superfoods, including chia seeds and turmeric to appeal to health-conscious consumers looking for added benefits. However, shifting almond prices brought on by unpredictable agricultural output and the effects of climate change hamper the market growth. On the contrary, rise in trend of plant-based and vegan diets has boosted the popularity of almond snacks. This is attributed to the fact that almonds are plant-based and cater to these dietary preferences. Moreover, the market is witnessing continuous innovation, with new almond-based products being introduced regularly such as almond flour snacks, protein bars, and dairy-free almond milk beverages. All these factors collectively offer remunerative opportunities for the expansion of the global market during the forecast period.
The badaam (almond with shell) snack market is segmented into product type, distribution channel, and region. On the basis of product type, the market is divided into roasted, spicy, salted, and others. Depending on distribution channel, it is segregated into supermarkets/hypermarkets, franchised stores, online stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of distribution channel, the supermarkets/hypermarkets segment is anticipated to gain high prominence in the coming years.
Region wise, Asia-Pacific is projected to lead the market in the coming future.
Almond snacks have become increasingly popular in recent years due to their nutritional benefits. Almonds serve as a rich source of protein, healthy fats, vitamins, and minerals, thus making them an ideal choice for health-conscious consumers looking for a nutritious and indulgent snacking option. These nuts are available in various varieties to cater to diverse consumer preferences and dietary needs such as raw & roasted almonds, flavored almonds, and almond bars, and almond butter.
The growth of the global market is majorly driven by surge in demand for increase in consumer awareness of healthy snacking and surge in demand for convenient & portable snack options. Almonds are a key ingredient that can help broaden dietary options in snack products. Consumers are increasingly focusing on health, leading to a growing demand for snacks that offer nutritional benefits without compromising on taste. For instance, according to a study published in 2015 in PubMed - a free full-text archive of MEDLINE database of references and abstracts on life sciences and biomedical literature - states that consuming almonds increase vitamin E levels in the plasma and red blood cells as well as lowers overall cholesterol levels. Furthermore, with rising demand for functional foods, manufacturers are fortifying almond snacks with additional functional ingredients such as probiotics, protein, and superfoods, including chia seeds and turmeric to appeal to health-conscious consumers looking for added benefits. However, shifting almond prices brought on by unpredictable agricultural output and the effects of climate change hamper the market growth. On the contrary, rise in trend of plant-based and vegan diets has boosted the popularity of almond snacks. This is attributed to the fact that almonds are plant-based and cater to these dietary preferences. Moreover, the market is witnessing continuous innovation, with new almond-based products being introduced regularly such as almond flour snacks, protein bars, and dairy-free almond milk beverages. All these factors collectively offer remunerative opportunities for the expansion of the global market during the forecast period.
The badaam (almond with shell) snack market is segmented into product type, distribution channel, and region. On the basis of product type, the market is divided into roasted, spicy, salted, and others. Depending on distribution channel, it is segregated into supermarkets/hypermarkets, franchised stores, online stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By product type, the salted almond segment is expected to dominate the market by 2033.On the basis of distribution channel, the supermarkets/hypermarkets segment is anticipated to gain high prominence in the coming years.
Region wise, Asia-Pacific is projected to lead the market in the coming future.
Competition Analysis
Competitive analysis and profiles of the major players in the global badaam (almond with shell) snack market include Liang Pin Pu Zi, Bai Cao Wei, Lai Yi Fen, Life Fun, Shan Wei Ge, Yan Jin Pu Zi, Three Squirrels, Food Studio, Qia Qia, Orchardpeasani, and Miss Yao. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the global market.Additional benefits you will get with this purchase are:
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Key Market Segments
By Product Type
- Roasted
- Spicy
- Salted
- Others
By Distribution Channel
- Supermarkets/hypermarkets
- Franchised Stores
- Online Stores
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
- Liang Pin Pu Zi
- Bai Cao Wei
- Lai Yi Fen
- Life Fun
- Shan Wei Ge
- Yan Jin Pu Zi
- Three Squirrels
- Food Studio
- Qia Qia
- Orchardpeasani
- Miss Yao
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: BADAM SNACK MARKET, BY PRODUCT TYPE
CHAPTER 5: BADAM SNACK MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: BADAM SNACK MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Badam Snack Market include:- Liang Pin Pu Zi
- Bai Cao Wei
- Lai Yi Fen
- Life Fun
- Shan Wei Ge
- Yan Jin Pu Zi
- Three Squirrels
- Food Studio
- Qia Qia
- Orchardpeasani
- Miss Yao
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 249 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 3.3 billion |
| Forecasted Market Value ( USD | $ 5.2 billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
