Almond Flour Market Outlook
According to the report by Expert Market Research (EMR), the global almond flour market size attained a value of around USD 1,213.63 million in 2023. Aided by the increasing consumer interest in health and wellness, the market is assessed to grow in the forecast period of 2024-2032 at a CAGR of 9.2% to reach nearly USD 2,680.83 million by 2032.
The global almond flour market is experiencing remarkable growth, propelled by increasing consumer interest in health and wellness, the rising popularity of gluten-free diets, and the expanding use of almond flour in various culinary applications. Almond flour, a product made from finely ground blanched almonds, is prized for its rich nutritional profile, which includes high levels of protein, healthy fats, vitamins, and minerals. Unlike traditional wheat flour, almond flour is naturally gluten-free, making it a popular choice for individuals with celiac disease or gluten intolerance, as well as those following low-carb or paleo diets. The flour’s subtle, nutty flavour and moist texture enhance a wide range of baked goods and savoury dishes, contributing to its growing appeal in both home kitchens and professional bakeries.
One of the primary almond flour market trends is the increasing consumer demand for healthy and natural food products. As more people become health-conscious and aware of the impact of diet on overall well-being, there is a growing preference for nutrient-dense, minimally processed ingredients. Almond flour fits well within this trend, offering an alternative to refined flours that often lack essential nutrients. Its rich content of monounsaturated fats, fibre, and antioxidants aligns with the desires of health-conscious consumers who seek to incorporate wholesome ingredients into their daily diets.
The rise of gluten-free diets is a significant factor influencing the global almond flour market development. With a growing number of individuals diagnosed with gluten-related disorders and others choosing to eliminate gluten for perceived health benefits, there is a heightened demand for gluten-free alternatives to traditional wheat flour. Almond flour, with its natural gluten-free properties, has become a staple in the gluten-free baking segment, used to create a variety of products, including breads, cakes, cookies, and pancakes. The versatility of almond flour in replicating the texture and taste of wheat-based products makes it an ideal choice for gluten-free consumers seeking quality and taste.
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The popularity of low-carbohydrate and ketogenic diets is also contributing to the almond flour market expansion. These diets emphasise the reduction of carbohydrate intake and the increase of fat consumption, prompting consumers to seek out alternative flours that align with their dietary goals. Almond flour’s low carbohydrate content and high fat profile make it a suitable ingredient for creating keto-friendly and low-carb recipes. As these diets continue to gain traction globally, the demand for almond flour is expected to rise, supported by the growing community of individuals pursuing low-carb lifestyles for weight management and health optimisation.
The culinary versatility of almond flour is another trend driving the global almond flour market growth. Chefs and home cooks alike are discovering the unique qualities that almond flour brings to both sweet and savoury dishes. Its ability to add moisture and a rich, nutty flavour to baked goods has made it a favourite in pastry and dessert recipes. Additionally, almond flour is increasingly being used as a breading for meats and vegetables, a thickening agent in sauces and soups, and a base for homemade pasta. This adaptability enhances the appeal of almond flour across a diverse range of cuisines and culinary styles.
The increasing availability and accessibility of almond flour in retail and online channels are further propelling the global almond flour market expansion. As consumer awareness of almond flour’s benefits grows, retailers are responding by stocking a wider variety of almond flour products, including organic and speciality blends. Online platforms are also playing a crucial role in reaching consumers who seek niche and health-focused food products. The convenience of online shopping and the availability of detailed product information empowers consumers to make informed choices, driving the adoption of almond flour in households worldwide.
Sustainability and ethical sourcing are becoming important considerations in the almond flour market. Consumers are increasingly concerned about the environmental impact of food production and are seeking products that are produced responsibly. Almond farming, particularly in regions like California, has faced scrutiny over water usage and environmental impact. In response, producers are adopting more sustainable practices, such as water-efficient irrigation techniques and organic farming, to address these concerns and meet the expectations of environmentally conscious consumers. Transparent labelling and certification are helping consumers identify almond flour products that align with their values.
Geographically, North America accounts for a major portion of the global almond flour market share, driven by high consumer awareness of health and wellness trends and the widespread popularity of gluten-free and low-carb diets. The United States, as a major producer of almonds, plays a significant role in the supply of almond flour to both domestic and international markets. Europe is also a key market, with growing demand for healthy and natural ingredients in countries such as Germany, France, and the United Kingdom. The Asia Pacific region is witnessing rapid growth, fuelled by increasing health consciousness and the rising popularity of Western-style baked goods that utilise almond flour.
Despite its positive growth trajectory, the almond flour market faces challenges such as price volatility and supply chain disruptions. The price of almonds can fluctuate due to factors such as weather conditions, crop yields, and global demand, impacting the cost of almond flour. Additionally, concerns over the environmental impact of almond farming, particularly water usage, may influence consumer perception and regulatory actions. However, ongoing efforts to improve sustainability practices and diversify sourcing are expected to mitigate these challenges and support long-term market growth.
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Almond Flour Market Segmentation
The global almond flour market can be divided based on type, application, end use, distribution channel, and region.
Market Breakup by Type
- Natural
- Blanched
Market Breakup by Application
- Bakery
- Confectionery
- Cosmetics
- Others
Market Breakup by End Use
- Commercial
- Household
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global almond flour market. Some of the major players explored in the report by Expert Market Research are as follows:
- Almondco Australia Ltd.
- Cargill Incorporated
- Barney Butter
- Blue Diamond Growers
- Bob’s Red Mill Natural Foods
- Oleander Bio, SA
- Others
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