Almond Flour Market Size, Trends and Growth Analysis by 2027

The global almond flour market was valued at approximately US$ 877.95 million in 2019 and is anticipated to reach around US$ 1,624.12 million by 2027, reflecting a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027.

Almond flour is a versatile ingredient utilized in the production of various baked goods, including cookies, breads, and other hard-baked items. In the foodservice sector, it contributes a moist texture and a rich, buttery flavor to cookies, cakes, and muffins. This ingredient is available in supermarkets, grocery stores, and online platforms, and can also be prepared at home. Recently, almond flour has gained popularity in the baking industry, largely due to the increasing preference for low-carbohydrate diets among health-conscious consumers. It enhances the nutritional value of baked products, being a rich source of healthy fats, protein, fiber, vitamins, minerals, manganese, and antioxidants.

Moreover, almond flour is increasingly incorporated into skincare products, including face masks, scrubs, and lotions. Its benefits for the skin include the removal of dead and dry skin cells and the reduction of inflammation.

As consumers become more aware of the negative effects of gluten, there is a growing trend towards gluten-free products. Almond flour provides a range of healthier alternatives for meal replacements and snacks. Additionally, the rising popularity of the paleo diet among health-conscious individuals is expected to further boost the demand for almond flour.

The almond flour market is categorized based on form into blanched and natural varieties. In 2019, the blanched segment dominated the market, holding a significant share. Blanched almond flour is gluten-free, high in fiber and protein, and low in carbohydrates. Almonds are an excellent source of calcium, which can help lower cholesterol levels and promote heart health. The blanched variety has a smooth, fine, and fluffy texture, making it a preferred choice for baking. Since blanched almonds have had their skins removed, they do not alter the appearance of the final dish. Furthermore, blanched almond flour retains the same health benefits as unblanched or natural almond flour.

Natural almond flour serves as a gluten-free and low-carb alternative to traditional wheat flour in baking. It imparts a nutty flavor that complements a variety of dishes. Almonds are rich in essential minerals and vitamins, contributing to energy enhancement and skin health. Natural almond flour is particularly high in Vitamin E and protein, which can help lower cholesterol levels, boost metabolic rates, and support heart, bone, and dental health. Additionally, it aids in diabetes management and weight control, making it beneficial for cognitive function due to its nutrient-rich profile, including vitamins E and B6.

Geographically, the almond flour market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East and Africa (MEA). In 2019, North America held the largest share of the global almond flour market, followed closely by Europe and Asia Pacific. The rapid growth in North America is primarily attributed to the rising consumption of convenience food items, including baked goods, snacks, noodles, and pasta.

In the Asia Pacific region, the almond flour market has seen significant growth in recent years. In 2019, this region accounted for the largest share of the global market, driven by the increasing consumption of baked goods, supplements, and beverages made with almond flour. The availability of almonds as a raw material in the region has further facilitated market expansion.

Europe's almond flour market is also experiencing growth, supported by established companies such as Oleander Bio, SA; Treehouse California Almonds, LLC; Blue Diamond Growers; and Bob's Red Mill Natural Foods. The demand for almond flour has surged in countries like Germany, France, and the UK, fueled by growing awareness of its nutritional benefits and the availability of various almond-based products.

The COVID-19 pandemic, which was first reported in Wuhan, China, in December 2019, has had a profound impact on global economies and industries. By October 2020, countries such as the US, Brazil, India, Russia, Spain, Argentina, Mexico, and South Africa were among the most affected, with significant numbers of COVID-19 cases. According to the World Health Organization (WHO), there were approximately 1,049,693 deaths and around 35,777,158 confirmed cases globally. The pandemic has adversely affected the food and beverage industry, leading to a notable decline in the demand for almond flour in recent months.

Key players in the global almond flour market include King Arthur Flour Company Inc., Alldrin Brothers, Anthony's Goods, Hodgson Mill Inc., Organic Bio, SA, Rolling Hills Nut Company Inc., Shiloh Farms, Treehouse California Almonds, LLC, Blue Diamond Growers, and Bob's Red Mill Natural Foods.

The overall size of the global almond flour market has been determined through both primary and secondary research methods. The research process began with extensive secondary research using both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, multiple primary interviews were conducted with industry participants and experts to validate the data and gain deeper analytical insights. Participants typically included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants like valuation experts, research analysts, and key opinion leaders specializing in the almond flour market.