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Currently, the almond flour market is being defined by ongoing trends, including veganism, which is aiding the market growth. Further, the growing concerns about animal safety have led to cutting dairy consumption, which has increased the demand for healthy alternatives like almond flour, consequently boosting the market growth. Additionally, there is a shift to consuming good sources of minerals, vitamins, fatty acids, and protein. Since these can be acquired by consuming a healthier alternative, i.e., almonds in various forms, such as almond flour, the market is further increasing. Geographically, major markets for growth of the almond industry include Europe, North America and the Asia Pacific.
The key players in the industry are Cargill Incorporated and Almondco Australia Ltd. Cargill Incorporated offers plant protein solutions for health-conscious consumers seeking protein-enriched foods and beverages. The company maintains the delicious taste and label-friendly appeal of the plant protein solutions, consequently contributing to the growing demand for plant-based protein. The company also offers a non-GMO and certified organic variant of plant-based protein. The solution spotlight of Cargill Incorporated includes an almond poppy seed protein muffin, which delivers 6g of protein, 1g of fibre, and 14g of sugar. Major companies in the almond flour industry offer their products on e-commerce sites like Amazon ( NASDAQ: AMZN), which deliver the product fast and maintain a positive consumer experience through customer care, therefore invigorating the market growth of almond flour.
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The major players in the global market for almond flour are Almondco Australia Ltd., Cargill Incorporated, Barney Butter, Blue Diamond Growers, Bob’s Red mill Natural Foods, and Oleander Bio, SA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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