Plant-Based Revolution Fueling Almond Flour Market Growth: A Detailed Analysis
The global almond flour market is experiencing robust growth, driven by an increasing consumer preference for natural and plant-based ingredients. Almond flour, known for its versatility and health benefits, has gained popularity as an alternative to traditional flours. Consumers worldwide are seeking reduced allergen and gluten-free products, propelling the demand for almond flour in the food industry.
In the United States, where over 8%-9% of the population avoids gluten for medical reasons, restaurants are responding by offering gluten-free dishes. In the past four years, the term ‘gluten-free’ on restaurant menus has surged by 182%. According to Ingredion, a major food ingredient manufacturer, consumers are choosing such products to reduce the risk of allergies and manage their weight effectively.
The market is poised for significant growth as several food manufacturers embrace almond flour as a clean label ingredient, replacing modified flours. For instance, leading keto/low-carb snack manufacturer, Fat Snax, recently introduced crackers made from almond flour and butter, with no artificial sweeteners, ingredients, or preservatives. This trend is driving increased adoption, acceptance, and utilization of almond flour in various processed foods.
Furthermore, a continuous stream of product launches featuring almond flour and expanded product availability on retail shelves is further bolstering demand. Between 2008 and 2017, 2,363 new products globally incorporated almond flour as an ingredient, with Asia Pacific leading the way with 1,019 new almond flour-based products.
Almond flour manufacturers are diversifying their product portfolios to meet the growing demand for sustainable and natural food products. For example, in 2020, Nature’s Eats, a brand of Texas Star Nut & Food Company, announced plans to launch a new almond flour product under the brand name “The Ultimate Nut Flour: Almond+.”
Blanched Almond Flour Gains Popularity
The global almond flour market is categorized by product type, nature, end user, sales channel, and region. Among these, blanched almond flour is capturing the attention of consumers due to its versatility and wide-ranging applications in the food industry. It is favored for making baked goods, including puffier pastries, and is sought after for its health benefits, being purely made from almonds and offering a natural flavor.
In terms of nature, the conventional almond flour segment is currently dominant due to its widespread availability. However, the organic segment is expected to register the highest compound annual growth rate (CAGR) in the forecast period.
The market is segmented by end user, including food manufacturers, foodservice, households, cosmetics, and others. Within the food manufacturer segment, sub-segments include bakery, confectionery, snacks, desserts and ice cream, sauces and spreads, and more.
Sales channels comprise B2B and B2C, with B2C further divided into supermarket/hypermarket, departmental and convenience stores, speciality stores, and online platforms.
European Region Embraces Gluten-Free Label
Europe holds the largest share of the global almond flour market, closely followed by North America. The region’s increasing demand for plant-based and clean label ingredients is driving almond flour consumption. Additionally, the rising prevalence of gluten-related allergies is encouraging the use of almond flour in gluten-free products. Many European bakers are adopting almond flour to cater to health-conscious consumers, contributing to the regional market’s growth.
Meanwhile, the Asia Pacific region is projected to experience the highest CAGR over the forecast period, driven by rampant product penetration and a surge in almond flour-based product launches, especially in countries like Japan and China.
Global Almond Flour Market: Key Players
Key players in the global almond flour market include King Arthur Flour Company, Inc., Blue Diamond Growers, Bob’s Red Mill Natural Foods, Olam International, Hodgson Mill, Texas Star Nut & Food Company (Nature’s Eats), Oleander Bio, SA, Barney Butter, Treehouse Almonds, and Rapunzel Naturkost, among others.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/almond-flour-market
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