We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Will Growing Interest In Almond Foods Be Dampened By Rising Prices?

July 6, 2015: 12:00 AM EST
The four-year drought in California is having a major impact on the price of protein-rich almonds –$4.50 a pound now, up from $3.30 a year ago – just as the tree nut has surged in popularity as a substitute for peanuts in a variety of products. Analysts say a fear of peanut allergies and an interest in healthier nut spreads are driving the surge. Sales of so-called specialty nuts, including almonds, have more than doubled in the U.S. in the last four years (to $449 million), while peanut butter sales have dropped by 4.1 percent. “There’s a little peanut-butter fatigue,” says a Bloomberg analyst who notes that people are willing to try different nut-based foods. This despite the fact that almond foods are now much pricier than peanut foods.
Leslie Patton, "Almond Prices Surge as Sales Boom Collides With Drought", Bloomberg Business, July 06, 2015, © Bloomberg L.P.
Advice & Policy
New Formats
Fruit, Vegetables & Nuts
Trend Research & Commentary
North America
United States of America
Market News
Products & Brands
Developed by Yuri Ingultsov Software Lab.