Almond Flour Market Outlook
According to a new report by Expert Market Research titled, “Global Almond Flour Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global almond flour market grew significantly in 2023. Aided by the growing inclination towards health-conscious food consumption and the burgeoning popularity of gluten-free and low-carb diets, the market is projected to grow at a CAGR of 9.2% between 2024 and 2032.
Almond flour, derived from blanched almonds, serves as a versatile ingredient in various culinary applications, especially in baking. It’s not just a rich source of protein but also boasts of essential nutrients like magnesium, vitamin E, and monounsaturated fats. Being naturally gluten-free, it has carved a niche for itself among those suffering from celiac disease or those opting for gluten-free diets. In addition to its nutritional profile, almond flour is lower in carbohydrates than traditional wheat flour, making it a favorite among those following low-carb or ketogenic diets.
The surging global trend of health and wellness has propelled the almond flour market growth. As consumers become increasingly aware of dietary choices’ impact on health and wellbeing, there’s a palpable shift towards nutrient-dense and natural ingredients. Almond flour, with its impressive nutritional profile and versatility in culinary applications, perfectly aligns with this global shift.
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In tandem with the health trend, the rising prevalence of gluten intolerance and celiac disease globally has bolstered the demand for gluten-free alternatives. Almond flour, with its naturally gluten-free composition, emerges as an ideal substitute for traditional flours, catering to this growing segment and driving the global almond flour market demand.
Moreover, the culinary world’s ongoing innovation and experimentation have further spotlighted almond flour. With the rise of plant-based and vegan diets, chefs and food enthusiasts are continually exploring alternative ingredients that align with these dietary choices without compromising taste or texture. Almond flour, in this regard, has proven to be invaluable, offering both taste and nutrition.
The global almond flour market outlook stands at a juncture where health consciousness, culinary innovation, and dietary requirements converge. As global dietary patterns evolve, focusing more on health, sustainability, and flavour, almond flour’s role becomes increasingly pivotal. With its myriad benefits and broad application spectrum, the almond flour market is poised for robust growth, reflecting global consumption patterns’ changing dynamics.
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Almond Flour Market Segmentation
The 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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