Almond Flour Market

Almond Flour Market Outlook

The almond flour market size is projected to be valued at USD 1.9 billion in 2023 and is expected to reach USD 4.1 billion by 2033. The sales of almond flour are expected to record a significant CAGR of 8.3% during the forecast period.

Various Factors Propelling the Demand for Almond Flour are:

• Blanched almonds are pounded and sieved to create almond flour. Vitamin E, fat, carbs, dietary fiber, manganese, magnesium, copper, and phosphorus are essential nutrients obtained from almond ingredients.
• Consumers are highly benefitted from the high nutritional value of almond flour. Almonds' abundance of vitamins and nutrients makes them a versatile and healthful ingredient that can be used in various food applications.
• Recently, there has been a sharp increase in demand for almond flour globally, particularly in the bakery sector, where it is used to make a wide variety of baked goods such as cookies, cakes, slices of bread, and macarons.
• The growing demand for nutritious snacking options is also a significant contributor to the almond flour market, as several cereal and granola snack bar manufacturers are incorporating almond-based ingredients to provide healthier snack alternatives to consumers.
• Almond flour has been required to produce directly for end-use products to meet the requirements of such businesses by rising market trends and the demand for better infrastructure, logistics, and other factors. Major players in the global almond flour market are focusing on launching new and innovative products, as well as merger and acquisition activities, to increase their significance and market share.
• Some major factors impeding the growth of the global almond flour market include the availability of alternatives such as coconut flour, sunflower seed flour, and others.

Attributes	Details
Almond Flour Market CAGR	8.3%
Almond Flour Market Valuation (2023)	USD 1.9 billion
Almond Flour Market Valuation (2033)	USD 4.1 billion

How has the Market Progressed during the Historical Period?

Market Statistics	Details
H1,2021 (A)	8.2%
H1,2022 Projected (P)	8.3%
H1,2022 Outlook (O)	9.1%
BPS Change: H1,2022 (O) - H1,2022 (P)	(+) 83 ↑
BPS Change: H1,2022 (O) - H1,2021 (A)	(+) 93.1 ↑

FMI provides a half-yearly comparison analysis and review of the worldwide market's growth rates and its future development potential. Due to its low carbohydrate, high vitamin, and sweeter flavor, almond flour is a well-liked alternative to traditional wheat flour.

Almond flour is a rich source of nutrients, vitamins, and minerals. It is frequently used as a main ingredient in various products, including baked goods, sweets, and cosmetics. In 2019, more than one-third of the market for almond flour was made up of blanched almond flour. Many products on the market contain almond flour, including cookies, bread, cakes, pastries, and related goods. Products made with almond flour are very popular in the market since they preserve many important nutrients. As consumer preferences and awareness about the health benefits of almond products change, the demand for goods made with almond flour keeps rising. The growing popularity of gluten-free diets among consumers and stricter restrictions also support the demand for processing technology.

People's changing lifestyles and consumer preferences toward using almond flour in various baked products with varying flavors propel market expansion.

Restraining Factors of the Market

The baking industry has had a big impact on the market. An increase in consumers' preference for cereals over baked items like bread, cookies, and rolls that include high levels of proteins, fiber, vitamins, minerals, and carbs. Oat flour, wheat flour, rice flour, and other grains are illustrations of these cereals. This is expected to hinder the growth of the market for almond flour.

Recent Developments:

• Almondco Australia Ltd. declared the extension of its processing system in November 2020. This expansion was started in response to the rising demand for organic almonds and almond products worldwide.
• Hughson Nut Inc., an American company that processes almonds, was acquired by Olam International in October 2019. This acquisition cost USD 54 million to complete. One of the top businesses in the almond processing industry is Hughson Nut Inc., which sells items like sliced-up almonds and almond flour.
• In 2017, Now Health Group, Inc. launched a new method for consumers to support development and expansion. Modern pick-to-voice order fulfillment technology is used in this Illinois plant. The growing consumer desire for wholesome bakery goods and the creative product offers of renowned dried fruit flour producers are the key drivers of the almond flour market. In both the home and the food processing sector, almond flour is one of the most often used food ingredients.
• At this stage of the market's development, almond flour processors are focusing on marketing and promotions because doing so is essential for raising consumer awareness. Since consumers are still learning about almond flour's health benefits, several market participants are opting to adopt instructional marketing techniques.

Providing an Alternative to Traditional Products

Blanched almond flour accounted for over one-third of the market share in 2021. Almond flour is vital in various applications, including bread, confectionery, and cosmetics. Almond flour cookies, bread, pastries, and other products made with functional flour are readily available in the market across the globe.

Products made with almond flour preserve many essential nutrients, and as a result, they are becoming well-liked, especially among health-conscious consumers. Also, there is a rising demand for paleo, keto, and gluten-free options, which is expected to be profitable for businesses in the market. Online sales of almond flour have increased significantly during the past few years.

A Shift Toward Healthier Lifestyle Presents New Opportunities

Consumer preferences are shifting toward spending on products that are right for them due to the growing clean-label trend. This is a trend that refers to eating foods that are high in nutrients. For example, the nutritional profile of almond flour has led it to be accepted as a clean-label component.

The demand for almond flour and related products is rising as consumers become more aware of the health benefits of clean-label flour. It is considered an easy replacement for regular flour because of its high fiber content and high levels of vitamins, minerals, and antioxidants.

New Developments Boosting the Overall Market Growth

End-products like almond flour bread and almond flour cookies, consumed by the general population in good quantities, incentivize consumers to switch from other flour-based products. However, the specialty retail business is expected to have erratic growth due to macroeconomic variables such as consumer spending and increasing disposable income.

As the working population grows, so does the need for ready-to-eat foods containing nut flour. The growing number of people with gluten sensitivity and allergies helps build the almond flour industry and ensures that the price of almond flour is kept low.

Potential Barriers and Obstructions Hampering the Expansion

Variations in demand, production volume, and tariff regulations in the locations where the majority of the output is produced are the main factors influencing almond flour price volatility. Due to the very seasonal nature of almonds, raw material price changes are common and have a substantial negative influence on firms' bottom lines.

The supply chain for almonds includes procurement, pre-export processing, packing, transportation, post-export processing, and storage. Any stage in the supply chain can get contaminated with almonds, processed or unprocessed. Contaminants could be present in the supply chain due to different phases of development, processing, packaging, transit, or storage that significantly impact the cost of almond flour.

Almond Flour Market - Country-wise Insight

Why Germany is a Lucrative Region for the Almond Flour Market?

Germany was estimated to be the world's significant market in terms of region. Given their health benefits, almond-based snacks are becoming increasingly popular in the region. The rise in demand for high-nutritional food, as well as the concerns of a sizable population with a high obesity rate, have been some of the primary drivers of this market's expansion in recent years. The region's rising demand for natural and low-sugar ingredients also propels the almond ingredients market in Europe.

Germany Market Size (USD million/billion ) by 2033	USD 408.6 million
Germany Market Absolute Dollar Growth (USD million/billion)	USD 254.3 million
CAGR % 2018 to 2022	8.4%
CAGR % from 2023 to 2033	10.2%

Growing Trend of Convenience Food is Soaring Market Demand in the Region

The United States is one of the major producers and exporters of almonds and items connected to almonds to both developed and developing nations in the region, producing more than 80% of the world's almonds, according to the United States Department of Agriculture. It is a significant prospective market for almond flour producers since significant manufacturers can sell almond flour at competitive pricing owing to the year-round availability of high-quality raw materials at affordable rates.

The United States Market Size (USD million /billion) by 2033	USD 1.0 billion
The United States Market Absolute Dollar Growth (USD million/billion)	USD 577.0 million
CAGR % Value From 2018 to 2022	8.0%
CAGR % Value From 2023 to 2033	8.5%

How China is Dominating the Market in Asia Pacific?

China has a significant market share in Asia Pacific, with a total revenue of USD 120.4 million. The industry is expected to expand due to increased acceptance of the western lifestyle and disposable income. As middle-income groups have grown wealthier, personalized bakery products such as cakes and pastries, cookies, and other baked goods have become popular. Baked food consumption in China rapidly increases due to rising living standards and economic growth. In addition, concerns about health and the rising demand for nutrition products among young people are expected to drive demand soon.

China Market Size (USD million /billion) by 2033	USD 326.1 Million
China Market Absolute Dollar Growth (USD million/billion)	USD 183.9 Million
CAGR % Value From 2018 to 2022	8.3%
CAGR % Value From 2023 to 2033	8.7%

Almond Flour Market - Category-wise Insights

How are Blanched Almonds Leading the Form Segment?

Blanched almond flour has been the most popular choice of almond flour among consumers due to rising global demand for bakery and confectionery products, as well as a rise in market demand for high-protein bakery products. The blanched variety has a light color and is ideal for use in cakes, muffins, and recipes. Therefore, confectionery product demand is expected to drive blanched almond flour demand during the forecast period.

Form	Blanched
CAGR % From 2018 to 2022	8.1%
CAGR % From 2023 to 2033	8.9%

On the Basis of Nature, Conventional Segment Tops the Table with a Growth Rate of 8.0%

Almonds that have been blanched, stripped of their peel, and ground into a powder are typically used to make almond flour. As a result, the majority of industry players in the food and beverage, bakery, and other sectors deliver products using standard almond flour. Whole almond and grain flour are considered more nutritious than conventional almond flour. It also aids in weight loss and inflammation reduction.

Given its benefits to consumers and producers, including price and availability, conventional farming is one of the most popular and preferred farming methods. Due to their low production costs, conventional farmers produce crops in considerable quantities and then sell them to consumers at lower prices. The expanding bakery sector and rising chocolate and confectionary production drive conventional almond flour demand.

Can Almond Flour Manufacturers Benefit from the Shifting Cosmetics and Personal Care Industry Scenario?

From 2023 to 2033, the cosmetics segment is expected to record a CAGR of 8.7%. Almond flour is often milled and can be used in various applications. It is increasingly employed as a gentle exfoliating ingredient in cosmetics and personal care formulations, which is projected to drive market growth in the future.

Competitive Landscape

Archer Daniels Midland Company, Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, Savencia SA, Kanegrade Limited, Royal Nut Company, and Döhler GmbH are among the key players in the almond ingredients market. To meet the growing demand for almond ingredients, market players have adopted various business strategies such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions in recent years.

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD Billion for Value
Key Countries Covered	United States, Canada, Germany, United States, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa
Key Segments Covered	Form, Nature, End-Use, Distribution Channel, Region
Key Companies Profiled	Archer Daniels Midland Company; Olam International Limited; Barry Callebaut Group; Blue Diamond Growers; John B. Sanfilippo & Son; Borges Agricultural & Industrial Nuts; Savencia SA; Kanegrade Limited; Royal Nut Company; and Döhler GmbH
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Almond Flour Market

By End Use:

• Household
• Food and Beverage
• Industrial
• Cosmetics
• Dietary Supplements
• Others

By Form:

• Blanched
• Natural

By Nature:

• Organic
• Conventional

By Distribution Channel:

• Direct
• Indirect
• Pharmacy Stores
• E-retailers
• Specialty stores
• Supermarkets

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa (MEA)

Frequently Asked Questions

What is the Present Assessed Value of the Almond Flour Market?

A valuation of USD 1.9 billion is attributed to the almond flour market in 2023.

What is the Almond Flour Market Size Projected by 2033?

The global almond flour market size is anticipated to surpass USD 4.1 billion by 2033.

What is the CAGR Prediction for the Almond Flour Market?

The almond flour market is projected to accelerate at a CAGR of 8.3% between 2023 and 2033.

Which Country Holds High Lucrativeness for Almond Flour?

The United States provides a lucrative almond flour market with about USD 1.0 billion in market revenue by 2033, propelled by the growing consumer preference for gluten-free and healthier alternatives.

Which is the Key Segment in the Almond Flour Market by Form?

Blanched almond flour, driven by global bakery demand and high-protein product trends, leads with an 8.9% CAGR through 2033.