Market Research Future (MRFR) has published a cooked research report on the “Global Almond flour Market” that contains information from 2018 to 2032. The Almond flour market is estimated to register a CAGR of 8.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Almond flour market— Blue Diamond Growers, Bob's Red Mill Natural Foods, Honeyville Inc., NOW Foods, Barney Butter, Nature's Eats, Anthony's Goods, WellBees, Almond Pro and King Arthur Baking Company.
Almond Flour Market Highlights
The global Almond flour market is accounted to register a CAGR of 8.60% during the forecast period and is estimated to reach USD 4.4 billion by 2032.
The almond flour market is growing due to a surge in demand for gluten-free and low-carb alternatives in the food industry. Almond flour's nutritional benefits, including high protein and fiber content, contribute to its popularity. The increasing prevalence of gluten intolerance and celiac disease drives its adoption in baking and cooking. Health-conscious consumers seeking nutritious alternatives further boost market growth. The versatile applications of almond flour in various recipes and the trend toward healthier eating habits contribute to its expanding market.
Segment Analysis
The global Almond flour market has been segmented based Nature and Form and End-Use. On the basis of nature, the market is segmented into Conventional and Organic. Organic category has captured the largest market share in 2022, because items generated ethically and organically are becoming more and more popular among consumers. The demand for organic products is being driven by growing awareness of environmental and health concerns.
Based on form, the global Almond flour market has been segmented into Blanched and Natural. Blanched category has captured the largest market share in 2022, due to its versatile applications and aesthetic appeal.
Based on end-use, the global Almond flour market has been segmented into Household, Foodservice and Industrial. Household end-use has captured the largest market share in the Almond Flour market as consumers increasingly incorporate Almond Flour into home cooking and baking.
Regional Analysis
The global Almond flour market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Almond flour market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Almond flour market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Almond flour market comprises of Middle East, Africa, and Latin America.
The largest market share for Almond flour was maintained by the North American regional sector. North America has captured the largest market share in the almond flour market due to several factors. The region has a robust demand for gluten-free and healthier alternatives in the food industry. Almond flour's popularity in various culinary applications, driven by health-conscious consumer trends, has contributed to its widespread adoption. The presence of key market players, coupled with an increased awareness of almond flour benefits, further solidifies North America's dominance in the almond flour market. The region's culinary diversity and consumer preferences align well with the versatile applications of almond flour.
Moreover, the Europe market has been persistently growing over the forecast period. Europe has captured the second-largest market share in the almond flour market owing to the region's increasing adoption of gluten-free and health-conscious diets. Almond flour's versatility in traditional European baking and its alignment with wellness trends contribute to its popularity. The prevalence of celiac disease awareness and the growing demand for alternative flours in European cuisines further drive the market. Additionally, a proactive food industry and a rising consumer emphasis on natural ingredients contribute to Europe's significant presence in the almond flour market.
The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the almond flour market due to evolving dietary preferences, increasing health consciousness, and a growing awareness of gluten-free alternatives. As consumers in the region adopt healthier lifestyles, almond flour's appeal as a nutritious and versatile ingredient has surged. The influence of Western culinary trends, coupled with a rising middle-class population, further propels the demand for almond flour, contributing to the notable CAGR in the Asia Pacific region.
Furthermore, the rest of the world's Almond flour market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the almond flour market due to increasing awareness of gluten-free and healthier food choices. The versatile applications of almond flour in global cuisines, coupled with rising health-conscious consumer preferences, contribute to its popularity and expanding demand across diverse regions.
Key Findings of the Study
- The global Almond flour market is expected to reach USD 4.4 billion by 2032, at a CAGR of 8.60% during the forecast period.
- The Asia Pacific region is the fastest-growing in the almond flour market due to a rising health-conscious population, increasing adoption of gluten-free diets, and a growing culinary interest in incorporating almond flour into various regional cuisines.
- Based on form, the blanched segment was attributed to holding the largest market in 2022, with an approximate market share of 65–70%.
- Blue Diamond Growers, Bob's Red Mill Natural Foods, Honeyville Inc., NOW Foods, Barney Butter, Nature's Eats, Anthony's Goods, WellBees, Almond Pro and King Arthur Baking Company.
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Companies Covered | 15 |
Pages | 128 |
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