Pune, India, January 31, 2019 -- /360iResearch/ -- The report "Global Organic Almond Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 980.36 million in 2017 and is projected to reach USD 2,236.35 million by 2024, growing at a CAGR of 12.50% from 2017 to 2024.
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The major forces driving the growth of the organic almond market include the rising awareness about health benefits and nutritional value among consumers and increase application in bakery and confectionaries. Moreover, medicinal application in skin care, heart, and neurological diseases and premium positioning of almond milk and flour as gmo-free, gluten-free, and health management are also some of the factors that are driving the market growth. However certain factors such as the limited quality supply of raw material may hinder the market growth. In the middle of difficulty lies opportunity such as the increase sales of almond milk as a substitute for dairy milk, increasing use of almond in new product launches, and market potential in asia. The possible challenges for the market growth is comparatively high production cost of organic almond. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on form, the global organic almond market is studied across Butter, Milk, Oil, Powder, and Roasted & Fried. Based on product, the global organic almond market is studied across Bitter, and Sweet. Based on application, the global organic almond market is studied across Edible, Medicinal, and Personal Care Products. Based on distribution channel, the global organic almond market is studied across Offline, and Online. Based on geography, the global organic almond market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the organic almond market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Aryan Internationals, Big Tree Organic Farms, Billings Marketing, COATO, Harris Woolf California Almonds, Hilltop Ranch, Inc., Ohm Sai Agro Products, Royal Nut Company, Royal Rifco Company, Sran Family Orchards, and Treehouse Almonds.
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