Global Almond Powder Market – Industry Trends and Forecast to 2031

Almond Powder Market Analysis and Size

The almond powder market continues to grow with advancements in processing technology. The latest methods ensure higher product quality and extended shelf life, meeting consumer demand for natural and nutritious alternatives. This growth is driven by increased awareness of health benefits and versatile culinary applications, fostering innovation in almond-based products across global markets.

The global almond powder market size was valued at USD 1.45 billion in 2023 and is projected to reach USD 1.98 billion by 2031, with a CAGR of 4.00% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

Almond powder is finely ground almonds, prized for its nutty flavor and versatility in culinary applications. It adds richness and texture to baked goods such as cakes, cookies, and bread. It can also be used as a gluten-free alternative to traditional flours in recipes, providing a distinct almond taste and enhancing both sweet and savory dishes.

Almond Powder Market Dynamics

Drivers

• Rising Demand in Gluten-Free Products

The rising demand for gluten-free products, driven by increasing diagnoses of gluten sensitivities such as celiac disease, has significantly boosted the almond powder market. As a gluten-free flour substitute, almond powder is widely used in baking and cooking. For instance, it's utilized in gluten-free breads, cakes, and cookies, catering to a growing consumer base seeking alternative dietary options that align with their health needs and preferences.

• Growth in Plant-Based Diets

The growth of plant-based diets has significantly boosted the demand for almond powder as a dairy alternative among vegans and vegetarians. This trend is evident in the increasing number of almond-based milk substitutes and dairy-free products incorporating almond powder. As consumers seek healthier and sustainable options, almond powder's versatility in enhancing flavor and nutrition in plant-based foods has propelled its market expansion, catering to a growing demographic embracing dairy-free lifestyles.

Opportunities

• Expansion of Retail and E-commerce

The availability of almond powder in both retail outlets and online platforms significantly enhances market accessibility, appealing to a broader global consumer base. For instance, major retailers such as Walmart and online platforms such as Amazon offer a wide range of almond powder products, such as almond protein powder allowing consumers worldwide to easily purchase them. This expansion in distribution channels not only increases convenience but also fuels the growth of the almond powder market by catering to diverse consumer preferences and dietary needs.

• Innovation in Product Applications

Innovation in almond powder applications, such as incorporating it into snacks, energy bars, and nutritional supplements, is driving market growth. For instance, snack bars fortified with almond powder appeal to health-conscious consumers seeking convenient, nutritious options. Similarly, its inclusion in energy bars provides sustained energy release. These innovations not only diversify product offerings but also cater to evolving consumer preferences for natural, functional foods, thereby expanding the almond powder market significantly.

Restraints/Challenges

• High Price of Raw Material

The escalating cost of cassava raw materials, fueled by the global economic recovery, poses a significant hindrance to the cassava starch market's growth. This surge in prices constrains profit margins and operational viability, potentially limiting market expansion and investment opportunities in the sector.    

• Allergen Concerns among Consumer

Allergen concerns surrounding almonds as a common allergen can restrict their use in food products and necessitate stringent labeling and handling practices. This limitation can hinder market penetration, particularly in regions with strict allergen regulations, impacting consumer acceptance and product accessibility.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2023, Blue Diamond, a top marketer of almond flour globally, partnered with Brightseed to explore the health benefits of bioactive compounds in California almonds. This collaboration aimed to innovate health programs, including consumer education, linking almond flour consumption to specific health advantages
• In November 2020, Almondco Australia Ltd. expanded its processing system to meet growing global demand for organic almonds and almond products, enhancing their production capacity

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Almond Powder Market Scope

The market is segmented on the basis of type, nature, end user, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Blanched Almond Powder
• Natural Almond Powder

 Nature

• Conventional
• Organic

 Application

• Confectionery
• Bakery
• Cosmetic
• Others

 End User

• Household
• Commercial

 Distribution Channel

• Direct Sales
• Convenience Stores
• Departmental Stores
• Specialty Stores
• Online Retailers
• Other Sales Channels

Almond Powder Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, nature, end user, application, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Asia-Pacific is expected to dominate the almond powder market during the forecast period due to rising urbanization, westernization, and growth in the bakery and confectionary industry. Changing lifestyles and increasing disposable incomes further contribute to its continued dominance in the region.

North America is expected to show significant growth in the almond powder market. Rising awareness about the health benefits of almonds and an increasing number of food processing companies are creating lucrative growth opportunities.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Almond Powder Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• ADM (U.S.)
• ROYAL NUT COMPANY (Australia)
• Blue Diamond Growers. (U.S.)
• Olam Group  (Singapore)
• Bob’s Red Mill Natural Foods. (U.S.)
• Rolling Hills Nut Company (U.S.)
• Alldrin Brothers (U.S.)
• Oleander Bio, SA (Spain)
• Anthonys Goods (U.S.)
•  Barney Butter (U.S.)
• ALMONDCO AUSTRALIA LTD (Australia)
• BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A. (Spain)

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