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Global Almond Flour Market is Expected to Grow at a CAGR of 10% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, 'Global Almond Flour Market Report and Forecast 2021-2026', the global almond flour market attained a value of about USD 1.1 billion in 2020. The market is further expected to grow at a CAGR of 10% in the forecast period of 2021-2026.

North America is a leading region in the global almond flour market due to the presence of high yield almond farms. The Asia Pacific is another significant market and is projected to experience a robust growth in the forecast period. The overall global market is being driven by the rising global demand for almond flour due to the increasing demand for the product among chocolate and candy manufacturers and in bakery products where it is widely used in pastries, cakes, cookies, and other baked products. Even for domestic purposes, the demand for almond flour is increasing for adding flavour and nutrition in the meals. The demand for almond flour among cosmetic producers is also witnessing an increase as it is commonly used in skin treatment products, such as cream, lotion, and other products. The expanding retail channels of the product are also aiding the market growth, with the consumers increasingly purchasing almond flour from e-commerce platforms like (NASDAQ: AMZN) or supermarkets like Walmart and Tesco.

Capacity expansions by the key players in the industry are expected to be a key growth factor for the market. In 2020, Almondco, a major player in the industry, announced that it is expanding its Riverland facility to double its size by 2026. This expansion, which comes due to the spike in plantings in Australia, will include the expansion of the almond processing facility. Such developments are expected to influence the market growth positively.

Market Analysis by Product, Application, and Region:

  • The market on the basis of the product can be bifurcated into conventional almond powder and organic almond powder.
  • Based on application, the global almond flour market can be divided into cakes, pastries, cookies, chocolates, nutritional bars, candies, and others.
  • The product's regional market encompasses North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Findings of the Report:

  • The global market for almond flour is driven by an increasing number of chocolate and candy producers, and an increase in demand from the bakery sector.
  • Rising health awareness among people across the world has also boosted the almond flour market.
  • Almond flour is also available as gluten-free flour and is also used for household purposes, which is further adding to the product demand. 
  • The growing urban population, rising living standards and changing lifestyles are some of the other factors driving the demand for almond flour globally, as consumers are becoming more aware of the products containing natural ingredients and offer a variety of health benefits.

Key Offerings of the Report:

  • The EMR report offers an overview of the global almond flour market for the periods (2016-2020) and (2021-2026).
  • The report also provides historical market size (2016-2020) and gives the market forecast (2021-2026) for the products, applications, and major regions of almond flour.
  • The report provides an in-depth insight into the global almond flour market through SWOT analysis as well as an assessment of the Porter's Five Forces model.

The key players in the global almond flour market include Almondco Australia Ltd., Barney Butter, Blue Diamond Growers, NOW Foods, Oleander Bio, SA, and 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 a 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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