Almond Ingredients Market to Surge At Above 10.3% CAGR, Rising Demand for Nutrition Rich Products |says FMI
It is anticipated that the size of the global market for almond ingredients would reach 33.43 billion dollars before the year 2030 comes to a close. According to projections made in a recently published study by Future Market Insights (FMI), the industry would experience phenomenal growth at a compound annual growth rate (CAGR) of 10.3 percent between the years 2020 and 2030. According to the findings of the survey, the market for almond components is benefiting from the growing demand for products that are both wholesome and dense in nutrients. The study provides an in-depth industry overview, providing insights into successful patterns as well as the current and projected market landscape. In addition to that, it offers supplementary statistics and graphics to back up the material that has been organised therein.
Demand will be fueled by an increased consumer preference for healthy foods and snacks as a means of sustaining themselves during the extended period of lockdown.
In an effort to maintain their health and fitness, consumers are increasingly looking for products that are high in nutrients. Ingredients derived from almonds are commonly used in dietary supplements due to their high content of compounds that inhibit the growth of cancer cells and their role as a moderating additional component. This is a significant factor that is driving consumer interest in almond-based ingredients. The market for almond components is also being pushed forward by the growing demand for natural and low-sugar substances. Almonds contain a wealth of minerals, proteins, and fibre, and are associated with a wide variety of health benefits. Some of these benefits include the regulation of a person’s heart rate and blood sugar level. In view of these potential health benefits, they are widely considered for use in the preparation of snacks and comfort foods. As a result, the market will benefit from the flood of offers on nibbles and comfort food that will be offered as clients stock up on essential goods in order to sustain themselves during lockdown periods in the midst of the COVID-19 outbreak.