Almond Flour Market Poised for Nutty Growth at 8.3% CAGR: Invest in Gluten-Free & Health Trends

4 months ago

The almond flour market is projected to be valued at US$ 1.9 billion in 2023 and is expected to reach US$ 4.1 billion by 2033. The sales of throughout the projection period, almond flour is anticipated to register a noteworthy CAGR of 8.3%.

Customer tastes are shifting quickly as per capita incomes and living standards rise globally. The benefits of ingesting products made with almond flour are one of the main factors driving industry expansion. Global adoption of gluten-free diets is growing, which is driving market expansion. This is due to the rising prevalence of celiac disease, which can present with a host of symptoms including anemia, growth problems, bloating, gas, and diarrhea. Around the world, the Food and Beverage (F&B) business uses almond flour extensively to produce baked goods such cakes, cookies, bread, and pastries.

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This, combined with rising product employment in the personal care industry for creating various skin care products such as lotion and cream, results in a positive market outlook.

Other factors are anticipated to propel the sector, including the increased prevalence of lactose intolerance and the simpler accessibility of dairy-free products. Along with the growing tendency to purchase almond flour through online distribution channels, which offer simple product availability, wide catalogs, and speedy shipping alternatives, this is assisting in boosting the sector. Furthermore, in the upcoming years, protracted promotional campaigns and celebrity endorsements by product manufacturers on social media platforms are likely to positively impact almond flour sales.
• With a projected 8.9% growth rate from 2023 to 2033, the category of blanched almond flour provided more than three-fifths of the market share for almond flour globally. The demand for blanched almond flour is progressively rising in developed countries, driving the segment growth. It is employed worldwide in various bakery goods, confectioneries, and hair and skin care products. The cosmetics industry is anticipated record a CAGR of 8.7%. Almond flour is frequently milled and can be used in various ways. It is becoming more popular as a gentle exfoliating ingredient in cosmetics and personal care formulations, expected to drive market growth in the coming years.
• The United States dominates global almond production, accounting for more than 80% of the total crop and generating an estimated US$ 1.0 billion in revenue in 2023. Since California is the world’s leading producer and exporter of almonds, the industry is highly concentrated and reliant on a single region. The amount of rain that falls during the bloom period significantly impacts almond production.
• The United Kingdom has a significant market share in Europe for almond flour, with a CAGR of 8.7%. Consumer preference for cooking at home instead of dining out, coupled with the on-the-go convenience trend, has fueled the growth of the country’s almond flour industry.
• With a revenue of US$ 70.8 million in 2021, India is one of the world’s significant almond flour markets. A considerable population increased urbanization, and an expanding middle-class population is driving the market. In addition, the market is progressing due to the increased number of participants who have the opportunity and consumer health consciousness, particularly in urban regions.

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Companies are maintaining a competitive position in the market by pursuing inorganic growth strategies, such as partnerships, geographical expansion, and mergers & acquisitions.

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.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.…Read more by


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