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Global Almond Flour Market to Grow at a CAGR of 9.2% During 2021-2026, Aided by Growth in the Cosmetic Industry

According to a new report by EMR titled, ‘Global Almond Flour Market Report and Forecast 2021-2026’, the market attained a value of USD 932 million in 2020. The industry is further expected to grow at a CAGR of 9.2% in the forecast period of 2021-2026 to reach a value of USD 1,581 million by 2026.

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.

Market Analysis by Type, End Use, Application, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into natural and blanched.
  • Based on application, the industry can be divided into bakery, confectionery, and cosmetics, among others.
  • By end use, the industry is segmented into commercial and household. 
  • The distribution channels for almond flour industry include online and offline.
  • The regional markets for almond flour include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for almond flour in the bakery and confectionery industry has led to growth in the global market for almond flour. 
  • The growing urbanisation in almost all the countries across the globe has enhanced the living standards of the people to a certain extent, consequently boosting the demand for healthy alternatives like almond flour. This is supporting the market growth.
  • Due to the various health benefits of almond flour as they are rich in vitamins, omega and other supplements, there is a rise in the demand from the dietary sector as well, further impacting the global market for almond flour.
  • Good consistency of the almond flour as compared to other low carb flours has made it a better alternative for various purposes, further augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global almond flour market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, end uses, applications, distribution channels, and regions of the almond flour.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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