(MoneyNewsWire.Net, November 14, 2017 ) The North America Almond Butter Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Almond Butter is a food paste which is prepared from almonds. Almond butter can be smooth or crunchy and is generally either emulsified or susceptible to oil separation. Almond butter can be either roasted or raw. Almond butter is generally refrigerated once opened to prevent oil separation and spoilage.
Almond butter has high amounts of potassium, iron, monounsaturated fats, calcium, and manganese. Its believed to be a good source of phosphorus, riboflavin and copper, and also as an very good source of magnesium, vitamin E and fiber. Almond butter also provides good amounts of dietary protein. Almond butter serves as an alternative to peanut butter for people allergic to peanut or to those disliking the taste of peanuts. Almond butter contains a lot more calcium, potassium, fiber, iron, and manganese than peanut butter, and around half the saturated fat, although it has a slightly higher total fat.
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The driving factors of North America Almond Butter market are its high nutritional content, health benefits offered by the paste, growing demand for peanut butter substitutes, rising market for cosmetics and skincare, its applications as a moisturiser during massages and its ability to blend with natural oils easily among others. Among the primary restraints that the market is facing are its very high fat content.
The North America Almond Butter market is segmented based on application into food industry, cosmetics industry and others. On the basis of type, the market is segmented into organic and conventional. Organic is further segmented into raw almond butter and roasted almond butter. Raw almond butter is expected to have the fastest growth rate in the segment owing to its high nutritional content since it is not heated. Roasted almond butter is expected to have a steady growth rate. Based on distribution channel, the market is divided into online retail, hypermarkets and supermarkets, departmental stores and convenience stores. Online retail is expected to have the largest share in the segment.
Almond Butter: Segmentation
Raw Almond Butter
Roasted Almond Butter
By Distribution Channel
Hypermarkets and Supermarkets
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The North America Almond Butter market is divided based on geography into United States, Canada and Mexico. North America has the largest market in the world for almond butter by share. In the North America region, United States has the largest market share. Factors such as high nutritional content of the paste and rising consumption is expected to drive the market growth in the region.
Reasons to buy North America Almond Butter Market Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of drug class, application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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Some of the major players in the market are Barney Butter, Maranatha, Futter's Nut Butters, Once Again Nut Butter, Cache Creek Foods, Justin's, Sokol & Company, Dakini Health Foods, Edennuts, The J.M. Smucker Company, Nuts'n More, California Almonds, Zinke Orchards, Premier Organics, Solstice Canyon, Prana.
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