Asia Pacific Almond Kernels Market

Asia Pacific Almond Kernels Market Size Growth Rate

Asia Pacific Almond Kernels Market size was worth USD XX million in 2024 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2029. Almond Kernels are type nuts that are beneficiary for health.

The fruit of an almond is a drupe that consists of an outer hull and a hard shell covering the seed or kernel. The process of removal of the shell of almond is termed shelling, and the almonds are sold shelled or unshelled. There are two types of almonds. Sweet and bitter-tasting almonds. They are consumed directly or used in sweets and confectionery. Almond Kernels are also used in cosmetics.

Asia Pacific Almond Kernels Market Growth Factors

Primary factors accounted for driving the market are increasing awareness regarding the health benefits and uses in functional and fortified foods, increasing use in skin care cosmetics and increasing consumption by health-conscious individuals. However, factors like expensive prices, cultivating complexities and health issues regarding excessive consumption are hindering the growth of the market.

Asia Pacific Almond Kernels Industry Classification

By Type

• Sweet Type
• Bitter Type

By Application

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Others

Regional Classification and Growth Insights

Based on geographical analysis, the market is divided into regions of China, India, Japan, South Korea, and Australia. North America holds the major share in the market due to the presence of market leaders as well as a sophisticated food industry and almond’s extensive use in food products.

Asia Pacific is the fastest-growing region due to increasing demand and product innovation and increasing disposable income. Based on the Application Food application is the most widespread due to increasing demand for fortified and functional foods while the pharmaceutical segment is expected to grow the fastest due to increasing expenditure on drug discovery and development. Based on Type Sweet Almonds are mostly preferred for food and beverage purposes.

Asia Pacific Almond Kernels Industry Key Players

• Malyata Apricot
• Chitree
• Wani Fruit
• Royal Rifco
• The Raw Chocolate
• Hebei Longwangmao
• Hebei Yongdeheng
• Swanson
• Hunza Apricot Kernels
• Yesraj Enterprises