Newark, NJ, May 30, 2022 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, The global almond ingredients market is expected to grow from USD 9.2 billion in 2019 to USD 20.3 billion by 2027, at a CAGR of 10.4% during the forecast period 2020-2027. Europe holds the largest market share in the region, due to large-scale use of almond-based snacks, humungous demand for nutritious diets, concerns over the increasing rate of obesity in the population, and health benefits derived from the almond. The market in North America is also witnessing significant growth in the region, owing to the growing consumption of almond-based snacks and food. South and East Asia is also projecting a significant growth, due to increasing consumption of bakery and snacks food and growing per capita income.
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Some of the notable players in the market are TREEHOUSE ALMONDS, SAVENCIA SA, Blue Diamond Growers, Russell Stover Chocolates, LLC, The Wonderful Company LLC, BORGES AGRICULTURAL & INDUSTRIAL NUTS, Kanegrade Ltd., Sahale Snacks, Inc., Barry Callebaut, Olam International, Archer Daniels Midland Company, JOHN B. SANFILIPPO & SON, INC., Jonny Almond Nut Company, Helios Ingredients, The Hershey Company, Royal Nut Company, Bob’s Red Mill Natural Foods, Sanitarium, Döhler, and OLOMOMO Nut Company.
The application segment includes bakery & confectionery, milk substitutes & ice cream, snacks &…
