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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Almond Ingredients Market Size
The global almond ingredients market was valued at USD 12.40 billion in 2023. The market is further projected to grow at a CAGR of 10.5% between 2024 and 2032, reaching a value of USD 30.37 billion by 2032.
Key Takeaways
- California produces 80% of the global almond supply, making it the world’s largest grower of almonds.
- In 2022, the United States was the world's leading supplier of almonds and exported roughly 1.9 billion pounds to China, India, Spain, and the United Arab Emirates.
- About 162,000 metric tons of almonds were imported into India in 2021.
- The import value of in-shell almonds to Turkey amounted to about USD 35.6 million in 2022.
Almond ingredients are products derived from almonds, such as almond milk, almond flour, almond butter, almond oil, and almond protein. Almond ingredients are widely used in food and beverage, cosmetics, pharmaceuticals, and personal care industries, as they offer various health benefits, such as lowering cholesterol, improving skin health, and enhancing cognitive functions.
The almond ingredients market outlook is being influenced by several key factors, such as the increasing demand for plant-based products, the rising awareness of the nutritional value of almonds, the growing popularity of gluten-free and vegan diets, and the expanding applications of almond ingredients in various sectors.
Almond Ingredients Market Report Snapshots
Almond Ingredients Market Size
Almond Ingredients Market Trends
Almond Ingredients Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the almond ingredients market reached an approximate value of USD 12.40 billion.
The market is expected to grow at a CAGR of 10.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 30.37 billion by 2032.
The major drivers of the market include the growing snacking culture, new product developments, growing consumer preference for plant-based and gluten-free products.
Key trends aiding almond ingredients market expansion include increasing inclusion of healthy ingredients in food, increasing awareness of the health benefits of almonds, and the rising demand for lactose-free food.
Almonds offer various health benefits such as managing weight due to their low carbohydrate content and high protein, healthy fats, and fibre content. They also boost bone health as they contain essential nutrients like calcium, magnesium, and vitamin K. Additionally, almonds may help in reducing heart disease risk by improving lipid levels.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.
The leading types of almond ingredients in the market are whole almonds, almond pieces, almond flour, and almond milk, among others.
The significant applications of almond ingredients are bakery and confectionery, milk substitutes and ice creams, nut and seed butters, and RTE cereals, among others.
Key players in the market are Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, Kind LLC, Archer Daniels Midland Company, John B. Sanfilippo & Son, Inc., Borges Agricultural & Industrial Nuts, S.A., and Almondco Australia Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124