PUBLISHER: KBV Research | PRODUCT CODE: 1599393
PUBLISHER: KBV Research | PRODUCT CODE: 1599393
LAMEA Almond Protein Market Size, Share & Trends Analysis Report By Type (Conventional, and Organic), By End Use, By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Almond Protein Market would witness market growth of 16.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,552.1 Tonnes, showcasing a growth of 14.0% (2024-2031).
In this Market, the B2C (Business-to-Consumer) segment plays a significant role in driving demand, as consumers increasingly seek plant-based protein sources for health, wellness, and dietary preferences. This end-use segment primarily includes direct sales of these protein products to individual consumers through retail channels, e-commerce platforms, and specialty health stores. This protein is often marketed to health-conscious buyers, fitness enthusiasts, vegans, and those with dietary restrictions such as gluten or dairy intolerance. Thus, the B2C segment in Brazil market consumed 357.88 Tonnes in 2023.
The Brazil market dominated the LAMEA Almond Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $170.4 million by 2031. The Argentina market is showcasing a CAGR of 16.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 15.1% during (2024 - 2031).
Adopting this protein can be attributed to several key factors that align with current consumer preferences and industry trends. The growing awareness of plant-based diets and sustainability is fuelling the rise of this protein. As more people adopt plant-based and flexitarian diets, this protein's popularity grows. Consumers are becoming more health-conscious, seeking products that offer better nutritional profiles and health benefits. This protein is viewed as a clean, natural source of protein that offers an excellent amino acid profile without the cholesterol and saturated fats found in animal-based proteins.
The environmental impact of food production, particularly the agricultural practices associated with animal farming, has led to a greater push for sustainable alternatives. As a plant-based protein source, almonds require less land, water, and energy than animal agriculture. As the environmental impact of food production becomes a central issue for consumers, companies are increasingly turning to this protein to meet the growing demand for more eco-friendly products.
In Brazil, the food processing sector is a crucial part of the economy, contributing $231 billion in revenues in 2023, or 10.8% of the country's GDP. Demand for plant-based proteins like almonds is rising as Brazilian consumers grow more health-conscious and look for sustainable dietary options. The country's food processing industry, which includes more than 38,000 companies, is witnessing a shift toward healthier ingredients, and this protein fits this demand perfectly. This market is experiencing significant growth driven by two emerging trends in key global regions: the booming e-commerce sector in the UAE and the expanding food processing industry in Brazil. E-commerce has emerged as a major force in retail in the United Arab Emirates, with sales rising 53% to $3.9 billion in 2020 and predicted to reach $8 billion by 2025. Therefore, the rising food processing industry and increasing e-commerce sector in the region are driving the market's growth.
Based on Type, the market is segmented into Conventional, and Organic. Based on End Use, the market is segmented into B2B (Food & Beverages, Cosmetics & Personal Care, and Supplements), and B2C. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Blue Diamond Growers
- Archer Daniels Midland Company
- Nut Butter Concepts LLC
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- BASF SE
- Nestle S.A. (Orgain Inc.)
- Mars, Inc.
- The Hershey Company
LAMEA Almond Protein Market Report Segmentation
By Type (Volume, Tonnes, USD Billion, 2020-2031)
- Conventional
- Organic
By End Use (Volume, Tonnes, USD Billion, 2020-2031)
- B2B
- Food & Beverages
- Cosmetics & Personal Care
- Supplements
- B2C
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Almond Protein Market, by Type
- 1.4.2 LAMEA Almond Protein Market, by End Use
- 1.4.3 LAMEA Almond Protein Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Almond Protein Market by Type
- 4.1 LAMEA Conventional Market by Country
- 4.2 LAMEA Organic Market by Country
Chapter 5. LAMEA Almond Protein Market by End Use
- 5.1 LAMEA B2B Market by Country
- 5.2 LAMEA Almond Protein Market by B2B Type
- 5.2.1 LAMEA Food & Beverages Market by Country
- 5.2.2 LAMEA Cosmetics & Personal Care Market by Country
- 5.2.3 LAMEA Supplements Market by Country
- 5.3 LAMEA B2C Market by Country
Chapter 6. LAMEA Almond Protein Market by Country
- 6.1 Brazil Almond Protein Market
- 6.1.1 Brazil Almond Protein Market by Type
- 6.1.2 Brazil Almond Protein Market by End Use
- 6.1.2.1 Brazil Almond Protein Market by B2B Type
- 6.2 Argentina Almond Protein Market
- 6.2.1 Argentina Almond Protein Market by Type
- 6.2.2 Argentina Almond Protein Market by End Use
- 6.2.2.1 Argentina Almond Protein Market by B2B Type
- 6.3 UAE Almond Protein Market
- 6.3.1 UAE Almond Protein Market by Type
- 6.3.2 UAE Almond Protein Market by End Use
- 6.3.2.1 UAE Almond Protein Market by B2B Type
- 6.4 Saudi Arabia Almond Protein Market
- 6.4.1 Saudi Arabia Almond Protein Market by Type
- 6.4.2 Saudi Arabia Almond Protein Market by End Use
- 6.4.2.1 Saudi Arabia Almond Protein Market by B2B Type
- 6.5 South Africa Almond Protein Market
- 6.5.1 South Africa Almond Protein Market by Type
- 6.5.2 South Africa Almond Protein Market by End Use
- 6.5.2.1 South Africa Almond Protein Market by B2B Type
- 6.6 Nigeria Almond Protein Market
- 6.6.1 Nigeria Almond Protein Market by Type
- 6.6.2 Nigeria Almond Protein Market by End Use
- 6.6.2.1 Nigeria Almond Protein Market by B2B Type
- 6.7 Rest of LAMEA Almond Protein Market
- 6.7.1 Rest of LAMEA Almond Protein Market by Type
- 6.7.2 Rest of LAMEA Almond Protein Market by End Use
- 6.7.2.1 Rest of LAMEA Almond Protein Market by B2B Type
Chapter 7. Company Profiles
- 7.1 Blue Diamond Growers, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 SWOT Analysis
- 7.2 Archer Daniels Midland Company
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
- 7.3 Nut Butter Concepts LLC
- 7.3.1 Company Overview
- 7.4 Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 BASF SE
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 SWOT Analysis
- 7.6 Nestle S.A. (Orgain Inc.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 Mars, Inc.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 The Hershey Company
- 7.8.1 Company overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Almond Protein Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Almond Protein Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 4 LAMEA Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 5 LAMEA Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 6 LAMEA Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 7 LAMEA Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 8 LAMEA Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 9 LAMEA Conventional Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Conventional Market by Country, 2024 - 2031, USD Million
- TABLE 11 LAMEA Conventional Market by Country, 2020 - 2023, Tonnes
- TABLE 12 LAMEA Conventional Market by Country, 2024 - 2031, Tonnes
- TABLE 13 LAMEA Organic Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Organic Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Organic Market by Country, 2020 - 2023, Tonnes
- TABLE 16 LAMEA Organic Market by Country, 2024 - 2031, Tonnes
- TABLE 17 LAMEA Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 18 LAMEA Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 19 LAMEA Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 20 LAMEA Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 21 LAMEA B2B Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA B2B Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA B2B Market by Country, 2020 - 2023, Tonnes
- TABLE 24 LAMEA B2B Market by Country, 2024 - 2031, Tonnes
- TABLE 25 LAMEA Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 26 LAMEA Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 27 LAMEA Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 28 LAMEA Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 29 LAMEA Food & Beverages Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Food & Beverages Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Food & Beverages Market by Country, 2020 - 2023, Tonnes
- TABLE 32 LAMEA Food & Beverages Market by Country, 2024 - 2031, Tonnes
- TABLE 33 LAMEA Cosmetics & Personal Care Market by Country, 2020 - 2023, USD Million
- TABLE 34 LAMEA Cosmetics & Personal Care Market by Country, 2024 - 2031, USD Million
- TABLE 35 LAMEA Cosmetics & Personal Care Market by Country, 2020 - 2023, Tonnes
- TABLE 36 LAMEA Cosmetics & Personal Care Market by Country, 2024 - 2031, Tonnes
- TABLE 37 LAMEA Supplements Market by Country, 2020 - 2023, USD Million
- TABLE 38 LAMEA Supplements Market by Country, 2024 - 2031, USD Million
- TABLE 39 LAMEA Supplements Market by Country, 2020 - 2023, Tonnes
- TABLE 40 LAMEA Supplements Market by Country, 2024 - 2031, Tonnes
- TABLE 41 LAMEA B2C Market by Country, 2020 - 2023, USD Million
- TABLE 42 LAMEA B2C Market by Country, 2024 - 2031, USD Million
- TABLE 43 LAMEA B2C Market by Country, 2020 - 2023, Tonnes
- TABLE 44 LAMEA B2C Market by Country, 2024 - 2031, Tonnes
- TABLE 45 LAMEA Almond Protein Market by Country, 2020 - 2023, USD Million
- TABLE 46 LAMEA Almond Protein Market by Country, 2024 - 2031, USD Million
- TABLE 47 LAMEA Almond Protein Market by Country, 2020 - 2023, Tonnes
- TABLE 48 LAMEA Almond Protein Market by Country, 2024 - 2031, Tonnes
- TABLE 49 Brazil Almond Protein Market, 2020 - 2023, USD Million
- TABLE 50 Brazil Almond Protein Market, 2024 - 2031, USD Million
- TABLE 51 Brazil Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 52 Brazil Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 53 Brazil Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 54 Brazil Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 55 Brazil Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 56 Brazil Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 57 Brazil Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 58 Brazil Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 59 Brazil Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 60 Brazil Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 61 Brazil Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 62 Brazil Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 63 Brazil Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 64 Brazil Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 65 Argentina Almond Protein Market, 2020 - 2023, USD Million
- TABLE 66 Argentina Almond Protein Market, 2024 - 2031, USD Million
- TABLE 67 Argentina Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 68 Argentina Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 69 Argentina Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 70 Argentina Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 71 Argentina Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 72 Argentina Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 73 Argentina Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 74 Argentina Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 75 Argentina Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 76 Argentina Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 77 Argentina Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 78 Argentina Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 79 Argentina Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 80 Argentina Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 81 UAE Almond Protein Market, 2020 - 2023, USD Million
- TABLE 82 UAE Almond Protein Market, 2024 - 2031, USD Million
- TABLE 83 UAE Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 84 UAE Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 85 UAE Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 86 UAE Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 87 UAE Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 88 UAE Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 89 UAE Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 90 UAE Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 91 UAE Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 92 UAE Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 93 UAE Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 94 UAE Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 95 UAE Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 96 UAE Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 97 Saudi Arabia Almond Protein Market, 2020 - 2023, USD Million
- TABLE 98 Saudi Arabia Almond Protein Market, 2024 - 2031, USD Million
- TABLE 99 Saudi Arabia Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 100 Saudi Arabia Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 101 Saudi Arabia Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 102 Saudi Arabia Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 103 Saudi Arabia Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 104 Saudi Arabia Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 105 Saudi Arabia Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 106 Saudi Arabia Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 107 Saudi Arabia Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 108 Saudi Arabia Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 109 Saudi Arabia Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 110 Saudi Arabia Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 111 Saudi Arabia Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 112 Saudi Arabia Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 113 South Africa Almond Protein Market, 2020 - 2023, USD Million
- TABLE 114 South Africa Almond Protein Market, 2024 - 2031, USD Million
- TABLE 115 South Africa Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 116 South Africa Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 117 South Africa Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 118 South Africa Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 119 South Africa Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 120 South Africa Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 121 South Africa Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 122 South Africa Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 123 South Africa Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 124 South Africa Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 125 South Africa Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 126 South Africa Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 127 South Africa Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 128 South Africa Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 129 Nigeria Almond Protein Market, 2020 - 2023, USD Million
- TABLE 130 Nigeria Almond Protein Market, 2024 - 2031, USD Million
- TABLE 131 Nigeria Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 132 Nigeria Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 133 Nigeria Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 134 Nigeria Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 135 Nigeria Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 136 Nigeria Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 137 Nigeria Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 138 Nigeria Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 139 Nigeria Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 140 Nigeria Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 141 Nigeria Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 142 Nigeria Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 143 Nigeria Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 144 Nigeria Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 145 Rest of LAMEA Almond Protein Market, 2020 - 2023, USD Million
- TABLE 146 Rest of LAMEA Almond Protein Market, 2024 - 2031, USD Million
- TABLE 147 Rest of LAMEA Almond Protein Market, 2020 - 2023, Tonnes
- TABLE 148 Rest of LAMEA Almond Protein Market, 2024 - 2031, Tonnes
- TABLE 149 Rest of LAMEA Almond Protein Market by Type, 2020 - 2023, USD Million
- TABLE 150 Rest of LAMEA Almond Protein Market by Type, 2024 - 2031, USD Million
- TABLE 151 Rest of LAMEA Almond Protein Market by Type, 2020 - 2023, Tonnes
- TABLE 152 Rest of LAMEA Almond Protein Market by Type, 2024 - 2031, Tonnes
- TABLE 153 Rest of LAMEA Almond Protein Market by End Use, 2020 - 2023, USD Million
- TABLE 154 Rest of LAMEA Almond Protein Market by End Use, 2024 - 2031, USD Million
- TABLE 155 Rest of LAMEA Almond Protein Market by End Use, 2020 - 2023, Tonnes
- TABLE 156 Rest of LAMEA Almond Protein Market by End Use, 2024 - 2031, Tonnes
- TABLE 157 Rest of LAMEA Almond Protein Market by B2B Type, 2020 - 2023, USD Million
- TABLE 158 Rest of LAMEA Almond Protein Market by B2B Type, 2024 - 2031, USD Million
- TABLE 159 Rest of LAMEA Almond Protein Market by B2B Type, 2020 - 2023, Tonnes
- TABLE 160 Rest of LAMEA Almond Protein Market by B2B Type, 2024 - 2031, Tonnes
- TABLE 161 Key Information - Blue Diamond Growers, Inc.
- TABLE 162 Key Information - Archer Daniels Midland Company
- TABLE 163 Key Information - Nut Butter Concepts LLC
- TABLE 164 Key Information - Sabinsa Corporation
- TABLE 165 Key Information - BASF SE
- TABLE 166 Key Information - Nestle S.A.
- TABLE 167 key information - Mars, Inc.
- TABLE 168 Key Information -The Hershey Company
