Almond Flour Market Analysis: Key Drivers, Applications and Future Growth Trends to 2033

The almond flour market is estimated to be valued at USD 1.9 billion in 2023 and is expected to reach USD 4.1 billion by 2033. Almond flour sales are expected to register a significant CAGR of 8.3% during the forecast period.

With the rise in per capita income and improving living standards across the globe, consumer preferences are changing rapidly. One of the major factors driving the market expansion is the growing consumer awareness about the health benefits of consuming products made from almond flour. Due to the significant increase in the incidence of celiac disease, which can cause anemia, growth problems, bloating, gas, and diarrhea, there has been a significant increase in the global acceptance of gluten-free diets, which is driving the market expansion. Almond flour is a key ingredient in the food and beverage (F&B) industry across the globe for the preparation of bakery products such as cakes, cookies, bread, and pastries.

This, coupled with the growth in employment in the personal care industry, where various skin care products such as lotions and creams are created, translates into a positive market outlook.

Other factors are expected to drive the sector, including the increased incidence of lactose intolerance and easier availability of dairy-free products. This, along with the increasing trend of buying almond flour through online distribution channels that offer easy availability of the product, extensive catalogs, and fast shipping alternatives, is helping to boost the sector. Moreover, in the coming years, prolonged promotional campaigns and celebrity endorsements by product manufacturers on social media platforms are likely to have a positive impact on almond flour sales.

The most important conclusions from Almond Flour Market

With a projected growth rate of 8.9% from 2023 to 2033, the blanched almond flour category has captured over three-fifths of the global almond flour market share. The demand for blanched almond flour is gradually increasing in developed countries, which is driving the growth of the segment. It is used globally in various bakery, confectionery, hair and skin care products. The cosmetics industry is expected to register a CAGR of 8.7%. Almond flour is often ground and can be used in various ways. It is becoming increasingly popular as a gentle exfoliating ingredient in cosmetics and personal care products, which is expected to drive the growth of the market in the coming years.
The United States dominates global almond production, accounting for more than 80% of the total harvest and generating an estimated revenue of $1.0 billion in 2023. Because California is the world’s leading producer and exporter of almonds, the industry is highly concentrated and dependent on a single region. The amount of rainfall that falls during the flowering period significantly affects almond production.
The UK holds a significant share of the European almond flour market, with a compound annual growth rate (CAGR) of 8.7%. Consumer preference for cooking at home over eating out, coupled with the trend of convenient meal preparation on the go, has fueled the growth of the almond flour industry in the country.
With a revenue of USD 70.8 million in 2021, India is one of the most important almond flour markets in the world. A significant population, increased urbanization, and a growing middle-class population are driving the market. Moreover, the market is growing due to the increased number of participants who have the ability and health awareness of consumers, especially in urban regions.

Competitive Landscape:

Companies maintain a competitive position in the market by pursuing inorganic growth strategies such as partnerships, geographical expansion, mergers and 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 in recent years, such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions.

Almond Flour Market

By end use:

Household
Food and beverages
Industrial
Cosmetics
Dietary supplements
Others

By form:

By nature:

By distribution channel:

Direct
Indirect
Pharmacy Stores
Online retailers
Specialty stores
Supermarkets

By region:

North America
Latin America
Europe
South Asia and Pacific
East Asia
Middle East and Africa (MEA)

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