Global Almond Flour Market Size, Share, Growth - Industry Demand, Report and Forecast 2024-2032

Global Almond Flour Market Outlook

The global almond flour market attained a value of USD 1,213.63 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.2% to reach USD 2,680.83 million by 2032.

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Increasing Standard of Living Expected to Aid the Growth of Almond Flour Industry

Rapid urbanisation and increasing living standards are enhancing the market growth of almond flour, as people living in urban areas are receptive to new ingredients in their food. Further, growing concern for health and trending diets among the population are leading people to prefer foods that are good for their health, in the short run as well as in the long run, due to which there is a switch towards almond flour, which is good for health. In addition, people are searching for alternatives for the unhealthier versions of food items. Almond flour is a good option, which is preferred by people since it contains all the properties that a person needs, such as low carbs, and various nutritional aspects. The growing demand for almond flour is impacting the global almond flour industry to expand further.

Almond Flour: Definition and Segmentation

Almond flour is made from pulverised sweet almonds and then processed into various forms depending on its use in the food and beverage industry. Almond flour is available in two types: ultra-fine blanched and fine natural. Vitamin E, vitamin A, vitamin B, minerals, omega fatty acids, protein, and other nutrients are abundant in almond flour.

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The major types of almond flour are:

• Natural
• Blanched

The market can be broadly categorised on the basis of its applications into:

• Bakery
• Confectionery 
• Cosmetics
• Others

The market can be broadly categorised on the basis of its end use are:

• Household
• Commercial

The market, on basis of distribution channel, is divided into:

• Offline
• Online

The EMR report looks into the regional markets of almond flour in North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

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Rising Demand for Blanched Almond Flour from Confectionery and Bakery Sector to Boost the Market Growth

There is rising demand for almond flour in the bakery and confectionery sector due to its properties like rich in omega, vitamins and other enriching supplements, which makes almond flour highly preferable. Almond flour provides better consistency and offers similar results as compared to wheat flour. Almond flour is healthier and can be used for making cakes, pastries, cookies, and other bakery products. Growing demand for innovative cakes is expected to boost the market growth for almond flour.

The main constraint which is impacting the growth of the almond flour industry to some extent is the price factor, as it is an expensive flour as compared to the other alternatives available in the market.

Key Industry Players in the Global Almond Flour Market

The report presents a detailed analysis of the following key players in the global almond flour market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Almondco Australia Ltd.
• Cargill Incorporated
• Barney Butter
• Blue Diamond Growers
• Bob’s Red Mill Natural Foods
• Oleander Bio, SA
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report