The demand for almond in the market is strong, and the future development trend is good. With the expansion of planting area and the improvement of industrial chain, the almond industry will usher in broader development space.

Global demand: The global demand for almond is high, with statistics showing a global demand of 1.4 million tons.

Domestic demand: As one of the main consumer countries of almond, China's annual demand for almond is about 130000 tons. However, due to limited domestic production, approximately 120,000 tons of almond still need to be imported from abroad each year to meet market demand.

Market potential: almond has enormous potential in the domestic market, especially in the fresh fruit market which is still in a blank state. With the increasing demand for healthy food from consumers, almond wood is highly favored as a nutritious snack.

Market demand growth: It is expected that the market demand for almond will continue to grow in the coming years. This is mainly attributed to the increasing emphasis of consumers on healthy food and the popularity of almond wood as a nutritious snack.

Expansion of planting area: In order to meet market demand, it is expected that the planting area of almond will be further expanded. Especially in China, by implementing strategies such as "one county, one product", regions such as southern Xinjiang have begun to expand the planting area of almond.

Industrial chain improvement: With the expansion of planting area and increase in production of almond, the relevant industrial chain will also be further improved. Including the storage, preservation, and processing of almond, a complete industrial chain will be formed to promote the sustainable development of the almond industry.

(According to the "2023-2028 China almond Industry Competition Pattern Analysis and Development Prospects Research Report" released by Zhongyan Puhua Industry Research Institute)

Analysis of driving factors in the almond market

Healthy food trend: With the increasing awareness of consumer health, almond wood, as a natural healthy food, is favored by more and more people due to its rich nutritional components such as vegetable oil, protein, vitamins, and trace elements.

Diversified food demand: As a high-quality raw material, the application proportion of almond wood has been significantly increased in both traditional and emerging categories, especially in the snack and baking markets, meeting the diverse food needs of consumers.

Policy support: The state's support policies for the agricultural product market, such as subsidy policies and loan preferential policies, provide certain economic support for the planting and processing enterprises of almond, and promote the healthy development of the market.

Market competition pattern: Although the competition pattern in the almond market is relatively concentrated, the competition between domestic and foreign almond planting and processing enterprises has also promoted the innovation and quality improvement of market products.

The almond market is driven by multiple factors such as healthy food trends, diversified food demand, policy support, and market competition patterns, and has great development potential.

Product type

Shelled almond: occupies an important position in the market and is loved by consumers due to its convenience in consumption. Based on revenue, the market share in 2021 is a significant proportion, and it is expected to continue to grow in 2028.

In shell almond: Although its market share is relatively small, it also has a certain consumer group due to its unique flavor and nutritional value.

Application field

Direct consumption: As a healthy and nutritious snack, direct consumption is the main application area of almond. It is expected that in the coming years, with the improvement of health awareness, the market share of direct consumption will continue to increase.

Food processing: almond is widely used in various food categories such as baking, candy, and dairy products. Especially in baked goods, the number of new products involving California almond wood has grown rapidly, demonstrating its enormous potential for innovation.

Market demand growth: With the increasing demand for healthy food from consumers, the market demand for almond wood, as a natural food rich in nutrients, will continue to grow.

The popularity of health consensus: More and more consumers are paying attention to the health attributes of food, and almond, with its image as a "healthy nut," has shown huge market potential. In the future, almond is expected to be labeled with more health labels, such as "gluten free", "no additives/preservatives", "high fiber source", etc., to further meet the health needs of consumers.

Innovative applications: In order to meet the increasingly diverse needs of consumers, food processors will need to continuously innovate the application of California almond. For example, developing new products such as almond sauce and almond powder to broaden the application scope of almond in the food industry.

Broad investment prospects: Considering the growth potential of the almond market and the development trend of healthy food, investing in the almond industry has broad prospects. Investors can focus on companies with technological innovation capabilities and market influence, as well as segmented markets that align with market development trends.

The almond industry has broad development prospects and investment potential, and will continue to show a trend of growth in the future.