Almond Butter Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.3% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global almond butter market was valued at USD 1.5 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. North America dominated the market, contributing over 40% of the total market share in 2022, with the United States being the largest consumer. The growing demand for plant based protein products and healthy fats has driven the market in this region. Additionally, the European almond butter market is expanding rapidly, with a market share of approximately 25% in 2022. The increase in health conscious consumers and the popularity of vegan and organic food products are the primary drivers behind this trend. The Asia Pacific region is expected to grow at the highest CAGR of 8.3% over the forecast period, driven by rising disposable income, urbanization, and increasing awareness of health benefits associated with almond based products in countries like China and India.
In terms of regional opportunities, the market for almond butter in Latin America and the Middle East & Africa is emerging, with steady growth expected in the coming years. These regions are expected to witness a CAGR of 5.5% and 4.9%, respectively, from 2023 to 2030. The growth in these regions can be attributed to rising disposable income, a shift toward healthy eating habits, and the increasing adoption of plant based products. Additionally, retail and e commerce channels are becoming important distribution platforms for almond butter, particularly in emerging markets where convenience and accessibility are key factors influencing purchasing decisions. The growing trend of clean label, organic, and non GMO products is also expected to drive further demand for almond butter in these regions.
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JUSTIN'S
Barney Butter
Maranatha
Futter's Nut Butters
Once Again Nut Butter
EdenNuts Inc
Cache Creek Foods
Zinke Orchards
The J.M. Smucker Company
Nuts'N More
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Almond Butter Market
Raw Almond Butter
Roasted Almond Butter
Flavored Almond Butter
Organic Almond Butter
Standard Almond Butter
Glass Jars
Plastic Jars
Metal Tins
Flexible Pouches
Bulk Packaging
Supermarkets/Hypermarkets
Health Food Stores
Online Retailers
Specialty Stores
Direct-to-Consumer (DTC) Brands
Health Conscious Consumers
Fitness Enthusiasts
Families with Children
Vegan and Vegetarian Consumers
Allergy-Friendly Consumers
Premium
Mid-range
Economical
Value Packs
Subscription-Based Pricing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Almond Butter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Almond Butter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Almond Butter Market, By Type
6. Global Almond Butter Market, By Application
7. Global Almond Butter Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Almond Butter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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