Middle East and Africa Almond Flour Market Analysis and Opportunities by 2027
Middle East and Africa Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form (Blanched and Natural), Nature (Organic and Conventional), and End User (Foodservice, Food and Beverages, Cosmetic Industry, Dietary Supplements, and Others)
- Report Date : Nov 2020
- Report Code : TIPRE00016318
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 61
The MEA almond flour market is expected to grow from US$ 80.27 million in 2019 to US$ 141.30 million by 2027; it is estimated to grow at a CAGR of 7.6% from 2020 to 2027.
UAE, Saudi Arabia and South Africa are major economies in MEA. An increase in demand from packaged and processed food industry is driving the MEA almond flour market. Almond flour is a rich source of vitamin E, vitamin A, omega fatty acids and proteins. The flour finds many applications in industries such as baking, confectionery and other packaged food items like breads, cakes, and pasta. Owing to busy & hectic lifestyle, there is a noticeable increase in the consumption of these ready-to-eat food products and beverages over the past few years. Rise in disposable income and improving economic conditions, consumers in developed and developing countries are able to spend considerable amount on packaged food including snacks and bakery products which further propel the growth of almond market. Also, with the growth food & beverages industry and diversification of distribution channels, and convenience foods have found a shelf in the retail outlets and supermarkets. Almond flour provides functionalities such as structure setting through protein coagulation, moisture retention due to its high fiber content and higher absorption level in dough or batter. Almond flour is used in the making of pastries, cookies and cakes. It is also demanded in various food cuisines for the purpose of adding nutritional content & flavor. It is used for all kind of yeast dough like for bread, roll s& pizza and also for non-yeast teats like scones, muffins and biscuits. Several dishes such as chewy almond cookies, almond croissants, lemon bars with almond shortbread crust are prepared using almond flour. Thus, the growing demand from packaged and processed food industry is expected to drive the MEA almond flour market
Presently, major countries in MEA are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the MEA almond flour market as the demand for these solutions has declined over the past couple of months. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA almond flour market. The market is expected to grow at a good CAGR during the forecast period.
MEA Almond flour Market Revenue and Forecast to 2027 (US$ Mn)
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MEA Almond flour Market Segmentation
MEA Almond flour Market, by Form
- Blanched
- Natural
MEA Almond flour Market, by Nature
- Organic
- Conventional
MEA Almond flour Market – by End User
- Foodservice
- Food and Beverages
- Cosmetic Industry
- Dietary Supplements
- Others
MEA Almond flour Market – by Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Nature, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Almond Flour Market, by Form
1.3.2 MEA Almond Flour Market, by Nature
1.3.3 MEA Almond Flour Market, by End User
1.3.4 MEA America Almond Flour Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Almond Flour Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. Almond Flour Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Almond Flour provides various health benefits
5.1.2 An increase in Demand from Packaged and Processed Food Industry
5.2 Market Restraints
5.2.1 Availability of Substitutes and Improper Storage Facilities for Almond Flour
5.3 Market Opportunities
5.3.1 Growing Demand for Organic Almond Flour
5.4 Future Trends
5.4.1 Adoption of paleo-diet and gluten free products
5.5 Impact Analysis Of Drivers And Restraints
6. MEA Almond Flour – Market Analysis
6.1 Almond Flour Market Overview
6.2 MEA Almond Flour Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players
7. MEA Almond Flour Market Analysis – By Form
7.1 Overview
7.2 MEA Almond Flour Market, By Form (2019 and 2027)
7.3 Blanched
7.3.1 Overview
7.3.2 Blanched: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Natural
7.4.1 Overview
7.4.2 Natural: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
8. MEA Almond Flour Market Analysis – By Nature
8.1 Overview
8.2 MEA Almond Flour Market, By Nature (2019 and 2027)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
9. MEA Almond Flour Market Analysis – By End User
9.1 Overview
9.2 MEA Almond Flour Market, By Application (2019 and 2027)
9.3 Food Service
9.3.1 Food Service: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Food and Beverages
9.4.1 Food and Beverages: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Cosmetic Industry
9.5.1 Overview
9.5.2 Cosmetic Industry: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Dietary Supplements
9.6.1 Overview
9.6.2 Dietary Supplements: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Others: Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
10. MEA Almond Flour Market Analysis – Country Analysis
10.1 Overview
10.1.1 Middle East and Africa: Almond Flour Market, by Key Country
10.1.1.1 South Africa: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: Almond Flour Market, by Form
10.1.1.1.2 South Africa: Almond Flour Market, by Nature
10.1.1.1.3 South Africa: Almond Flour Market, by End-User
10.1.1.2 Saudi Arabia: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: Almond Flour Market, by Form
10.1.1.2.2 Saudi Arabia: Almond Flour Market, by Nature
10.1.1.2.3 Saudi Arabia: Almond Flour Market, by End-User
10.1.1.3 U.A.E: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 U.A.E: Almond Flour Market, by Form
10.1.1.3.2 U.A.E: Almond Flour Market, by Nature
10.1.1.3.3 U.A.E: Almond Flour Market, by End-User
10.1.1.4 Rest of Middle East and Africa: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of Middle East and Africa: Almond Flour Market, by Form
10.1.1.4.2 Rest of Middle East and Africa: Almond Flour Market, by Nature
10.1.1.4.3 Rest of Middle East and Africa: Almond Flour Market, by End-User
11. Impact of COVID-19 Pandemic on MEA Almond Flour Market
11.1 Middle East and Africa: Impact assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Shiloh Farms
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Treehouse California Almonds, LLC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Blue Diamond Growers
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Bob’s Red Mill Natural Foods
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Almond Flour Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa Almond Flour Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa Almond Flour Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 4. South Africa Almond Flour Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia Almond Flour Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 6. Saudi Arabia Almond Flour Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 7. Saudi Arabia Almond Flour Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. UAE Almond Flour Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 9. UAE Almond Flour Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 10. UAE Almond Flour Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of MEA Almond Flour Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of MEA Almond Flour Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of MEA Almond Flour Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Glossary of Terms, MEA Almond Flour Market
LIST OF FIGURES
Figure 1. MEA Almond Flour Market Segmentation
Figure 2. MEA Almond Flour Market Segmentation – By Country
Figure 3. MEA Almond Flour Market Overview
Figure 4. Food and Beverages Segment Held Largest Share of MEA Almond Flour Market
Figure 5. South Africa Region Held Largest Share of MEA Almond Flour Market
Figure 6. MEA Almond Flour Market, Industry Landscape
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. MEA Almond Flour Market Impact Analysis of Driver and Restraints
Figure 10. MEA Almond Flour Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. MEA Almond Flour Market Revenue Share, By Form (2019 and 2027)
Figure 12. Blanched: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 13. Natural: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 14. MEA Almond Flour Market Revenue Share, By Nature (2019 and 2027)
Figure 15. Organic: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 16. Conventional: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 17. MEA Almond Flour Market Revenue Share, By End User (2019 And 2027)
Figure 18. Food Service: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 19. Food and Beverages: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 20. Cosmetic Industry: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 21. Dietary Supplements: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 22. Others: MEA Almond Flour Market – Revenue and Forecast To 2027 (US$ Million)
Figure 23. Middle East and Africa: Almond Flour Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. South Africa: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Saudi Arabia: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. U.A.E: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Rest of Middle East and Africa: Almond Flour Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Shiloh Farms
- Treehouse California Almonds, LLC.
- Blue Diamond Growers
- Bob’s Red Mill Natural Foods
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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