Europe Almond Kernels Market Size (2024 to 2029)
The size of europe almond kernel market is expected to be worth USD 3.43 billion in 2024 and grow at a CAGR of 5.28% from 2024 to 2029, reaching USD 4.44 billion by 2029.
Almond Kernels are a type of nut that is beneficial for health. The fruit of an almond is a drupe, which consists of an outer hull and a hard shell covering the seed or kernel. The process of removing the shell of almonds 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. Primary factors responsible for driving the market are increasing awareness regarding the health benefits and uses of functional and fortified foods, increasing use in skincare cosmetics, and increasing consumption by health-conscious individuals. However, factors like high prices, cultivating complexities, and health issues regarding excessive consumption are hindering the growth of the market.
This research report on the European almond Kernels Market is segmented and sub-segmented into the following categories
Europe Almond Kernels Market – By Type:
Europe Almond Kernels Market – By Application:
Europe Almond Kernels Market – By Country:
The U.K. holds the major share of the market due to the presence of market leaders, a sophisticated food industry, and the extensive use of almonds in food products. Germany is the fastest-growing region due to increasing demand for product innovation and increasing disposable income. Based on 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 the type of Sweet Almonds, they are mostly preferred for food and beverage purposes.
KEY MARKET PLAYERS:
Key Market Players in the Europe Almond Kernels Market are Malyata Apricot, Chitree, Wani Fruit, Royal Rifco, The Raw Chocolate, Hebei Longwangmao, Hebei Yongdeheng, Swanson, Hunza Apricot Kernels, Yesraj Enterprises.
Frequently Asked Questions
Responses to this question might include factors such as increasing consumer awareness of the health benefits of almonds, rising demand for plant-based proteins, and growing applications in various industries such as food, cosmetics, and pharmaceuticals
Possible challenges could include fluctuations in almond prices, weather-related risks affecting almond cultivation, regulatory constraints, and competition from other nut varieties
Almond kernels have diverse applications, including consumption as snacks, ingredients in bakery and confectionery products, and as a source of almond milk in dairy alternatives
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