The Asia Pacific Almond Butter Market is worth USD 198.05 billion in 2024 and estimated to be growing at a CAGR of 8.98%, to reach USD 394.01 billion by 2032.
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. It can be either roasted or raw and is generally refrigerated once opened to prevent oil separation and spoilage.
Almond butter has high amounts of potassium, iron, monounsaturated fats, calcium, and manganese. It’s believed to be a good source of phosphorus, riboflavin and copper, and also as a very good source of magnesium, vitamin E and fiber. It also provides good amounts of dietary protein and 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, although it has a slightly higher total fat.
The driving factors of Asia Pacific 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 high fat content.
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. Asia Pacific Almond Butter Market
Online retail is expected to have the largest share in the segment.
The Asia Pacific Almond Butter market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific has the third largest market in the world for almond butter by share. It is also the fastest growing region in the world. Factors such as high nutritional content of the paste and rising consumption is expected to drive the market growth in the region.
Key Players in the Market
Major Key Players in the Asia Pacific Almond Butter 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, and Solstice Canyon, Prana.
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