Global almond flour market is projected to witness a CAGR of 7.52% during the forecast period 2024–2031, growing from USD 1.51 billion in 2023 to USD 2.7 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.
Almond flour is prepared by grinding peeled almonds and differs from all-purpose flour. It is light-colored, fine-textured, and slightly sweet in flavor. It contains vitamin E, magnesium, fibers, soluble fats, and a high amount of protein. Consuming almond flour helps maintain several health benefits, such as controlling blood sugar, as it has a low glycemic index, is rich in magnesium, and controls insulin levels.
According to an article published by Artinci in January 2024, the demand for natural almond flour is growing in developed countries, such as the United States, Germany, the United Kingdom, and France, because of the rising application of almond flour due its several benefits for individuals with diabetes. As almond flour is rich in nutrients, 28 grams of almond flour contains 163 calories, which includes 6.1 grams of fats, 5.6 grams of carbs, 3 grams of dietary fibers, 35% vitamin E, 31% manganese, 16% copper, and 14.2 gram of fats, the demand for almond flour is rising.
The growing demand for health-consciousness and dietary preferences has led to an increased interest of influential millennial consumers in healthy meal replacement options, driving market growth. As people are more health-conscious and follow healthy diets, their choices tend towards gluten-free and vegan options.
Growing Demand for Health-consciousness and Dietary Choices
The growing demand for health-consciousness and dietary preferences has shown a growing interest in alternative flour. Also, there is a surge in demand for dried fruit flour types, such as almond flour, which has witnessed augmented growth in recent years. Almond flour provides various nutritional benefits, such as protein, fiber, and healthy fats, compared to traditional wheat flour. These characteristics make it appropriate for people who are following a low-carb and high-fiber diet and those who suffer from celiac disease. In addition, almond flour is versatile, adding a different flavor and moist textures to various recipes, from savory dishes to baked goods. Its nutritional chart and gourmet adaptability aligns with the growing consumer base and increasing emphasis on mindful eating habits. Changing consumer dietary choices has led to increased interest of influential millennial consumers towards healthy meal replacement alternatives, driving the market growth.
For instance, in April 2024, Blue Diamond Growers, one of the largest almond processors and traders, released a statement in support of the revised Special Supplement Nutrition Program for Women, Infants, and Children (WIC) food packages. The program aims to allow the addition of almond products as a certified food package.
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Application of Amond Flour in Baked Items to Accelerate Market Growth
The bakeries progressively embrace almond flour due to its versatility and nutritional benefits. The mild and fine texture of almond flour and nutty flavor makes it an ideal ingredient option for a broad range of baked items and confectionaries, including cookies, cakes, pastries, and other bakery goods. In addition, almond flour offers health-conscious consumers a healthy alternative rich in protein and vitamins. Almond flour’s ability to enhance taste and nutrition has increased the widespread adoption of bakery and confectionery industries, catering to the growing demand for healthier and taste-friendly options in the market, which is expected to boost the demand for almond flour.
According to an article published by Healthline, almond flour contains a rich amount of magnesium, vitamin E, and a group of fat-soluble compounds, which help control blood sugar, cure magnesium deficiency, and improve insulin function. Due to its nutritional value, manufacturers and bakers use almond flour in bakery products.
Increasing Plant-Based Lifestyle Affects Global Almond Flour Market Size
The upsurge in plant-based and vegan lifestyles fuels the demand for almond flour dietary preferences. As more people choose green and environmentally friendly alternatives, almond flour is a go-to solution due to its natural and vegan origin.
According to an article published by Great Green Wall in March 2024, 16% of the global millennial population have chosen strict Veganism, which contrasts sharply with 7% of Gen-X and 8% of baby boomers.
The almond flour meets the rigorous requirements of plant-based and vegan diets. Its versatility in various expensive or specialty foods typically requires elaborate and expert preparation applications, from cooking to baking, providing a seamless transition for those living vegan lifestyles. In addition, its nutrient benefits and wholesome ingredients attract consumer choices, further driving the market growth.
For instance, Bob’s Red Mill launched a new series of super-fine almonds made from the finest California-grown almonds. These almonds have been blanched and ground into a fine meal ideal for gluten-free baking. The launch aims to cater to people with celiac disease and those who follow a gluten-free diet due to different health concerns.
North America Dominates Global Almond Flour Market Share
North America dominates the global almond flour market share as the region has an increasing influence and a notable production of almonds, especially in states such as California, which covers nearly all crops of the United States almonds. This adequate supply ensures the stable flow or raw materials to produce almond flour. In addition, North America has a sturdy food processing industry and an increasing demand for gluten-free and paleo friendly products, where almond flour is a popular alternative.
For example, some of the major brands of almond flour, such as Bob’s Red Mill and Blue Diamond, are headquartered in North America, further demonstrating the region’s dominance in market growth.
Future Market Scenario (2024–2031F)
- The increasing use of almond flour in retail channels is expected to drive the almond flour market growth in upcoming years. This trend reflects evolving consumer preference towards healthier alternatives, driving the demand for almond flour as a versatile ingredient in various culinary applications.
- Innovative technological advancements in processing methods will boost almond flour market growth. These advancements optimize production efficiency, enhance product quality, and expand application versatility, stimulating consumer interest and market demand.
- The growing expansion in the almond farming regions, with increased almond production, is a greater supply of almonds for flour making, driving the almond flour market growth.
Report Scope
“Almond Flour Market Assessment, Opportunities and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global almond flour market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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