The Global Badaam (Almond with Shell) Snack Market size is expected to reach $4.4 billion by 2031, rising at a market growth of 4.5% CAGR during the forecast period.
Busy lifestyles and the prevalence of snacking culture in North America drive demand for convenient, on-the-go snack options. These snacks, which are easy to carry and consume, cater to this need perfectly. Consequently, the North American region would acquire nearly 28% of the total market share by 2031.
As individuals become more health-conscious, they increasingly seek snacks that align with their wellness goals. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake.
Additionally, Global culinary trends have increased interest in international and exotic flavors. Almonds are versatile in various cuisines worldwide, from Mediterranean dishes to Asian desserts. In addition, the global shift towards plant-based diets and vegetarianism has boosted the demand for plant-based protein sources. Thus, the influence of global culinary trends is propelling the market's growth.
However, Fluctuations in almond prices directly affect the cost of production for badaam (almond with shell) snacks. When almond prices rise due to factors such as poor harvests, increased demand, or supply chain disruptions, manufacturers face higher costs for raw materials. Thus, fluctuations in almond prices are hampering the growth of the market.
Busy lifestyles and the prevalence of snacking culture in North America drive demand for convenient, on-the-go snack options. These snacks, which are easy to carry and consume, cater to this need perfectly. Consequently, the North American region would acquire nearly 28% of the total market share by 2031.
As individuals become more health-conscious, they increasingly seek snacks that align with their wellness goals. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake. Furthermore, with an increasing focus on maintaining a balanced diet, consumers are more inclined to incorporate snacks that contribute positively to their nutritional intake.
Additionally, Global culinary trends have increased interest in international and exotic flavors. Almonds are versatile in various cuisines worldwide, from Mediterranean dishes to Asian desserts. In addition, the global shift towards plant-based diets and vegetarianism has boosted the demand for plant-based protein sources. Thus, the influence of global culinary trends is propelling the market's growth.
However, Fluctuations in almond prices directly affect the cost of production for badaam (almond with shell) snacks. When almond prices rise due to factors such as poor harvests, increased demand, or supply chain disruptions, manufacturers face higher costs for raw materials. Thus, fluctuations in almond prices are hampering the growth of the market.
Driving and Restraining Factors
Drivers
- Increasing health and wellness awareness
- Influence of global culinary trends
- Expansion of the food processing industry
Restraints
- Fluctuations in almond (with shell) prices
- Limited shelf life and storage issues
Opportunities
- Expansion of retail and distribution channels
- Increasing corporate and institutional demand
Challenges
- Increasing corporate and institutional demand
- Consumer perception of allergens
Distribution Channel Outlook
On the basis of distribution channel, the badaam snack market is segmented into supermarkets & hypermarkets, franchised stores, online stores, and others. In 2023, the online stores segment attained 23% revenue share in the badaam snack market. It is highly appealing for individuals who are occupied, have mobility issues, or reside in areas with limited access to physical stores to have badaam (almond with shell) snacks delivered directly to their doorstep.
Product Type Outlook
Regional Outlook
Region-wise, the badaam snack market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a 37% revenue share in the badaam snack market in 2023. Almonds have become integral to various traditional and modern cuisines in the Asia-Pacific region. They are used in various dishes, desserts, and snacks, further driving demand.List of Key Companies Profiled
- Food Studio
- Blue Diamond Growers
- The Wonderful Company LLC
- General Mills, Inc.
- Kraft Heinz
- PepsiCo, Inc.
- Terrasoul Superfoods
- The Almond Farmer
Market Report Segmentation
By Product Type
- Roasted
- Salted
- Spicy
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Franchised Stores
- Online Stores
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Badaam (Almond with Shell) Snack Market by Product Type
Chapter 5. Global Badaam (Almond with Shell) Snack Market by Distribution Channel
Chapter 6. Global Badaam (Almond with Shell) Snack Market by Region
Chapter 7. Company Profiles
Companies Mentioned
- Food Studio
- Blue Diamond Growers
- The Wonderful Company LLC
- General Mills, Inc.
- Kraft Heinz
- PepsiCo, Inc.
- Terrasoul Superfoods
- The Almond Farmer
Methodology
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