The global almond powder market size is expected to reach USD 704.1 million by 2030, growing at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The market is experiencing significant growth, driven by several key factors. One of the primary reasons is the increasing consumer demand for healthy and natural food products. Almonds, known for their rich nutritional profile, are packed with vitamin E, magnesium, fiber, and healthy fats, making them a popular choice among health-conscious individuals. Additionally, almonds are often included in weight management diets due to their ability to provide satiety and prevent overeating.
A rising number of customers are looking for foods that offer health advantages over just basic nourishment. The demand for almond powder has increased significantly as low-carb and gluten-free diets have become more and more popular. Many customers follow gluten-free diets for various health-related reasons, or they have been diagnosed with celiac disease. This market is expanding, and almond powder is a great alternative to wheat flour in baking and cooking. Almond powder has also become more popular due to the ketogenic diet, which places a strong emphasis on consuming large amounts of fat and few carbohydrates. It is a mainstay in recipes that are keto-friendly due to its low carbohydrate level.
Bakery products accounted for the major share of the almond powder market in 2023. Almond powder is highly versatile and can be used in a variety of bakery products such as cakes, breads, cookies, pastries, and muffins. Its fine texture and mild flavor make it an ideal ingredient that can enhance the nutritional profile of baked goods without altering their taste significantly. The rise in gluten-free and low-carb diets has propelled the use of almond powder in bakery products.
Sales of almond powder through the B2B channel held a higher share of the market in 2023. Almond powder is widely used in industrial and commercial applications, including large-scale baking, confectionery production, and food service. The demand from these sectors for high-quality almond powder in bulk quantities drives the B2B market. The B2B market involves bulk purchases of almond powder by bakeries, food manufacturers, and confectioneries. These industries require large quantities of almond powder for mass production, contributing to the significant market share held by the B2B segment.
Major players in the almond powder market include Royal Nut Company; ADM; TREEHOUSE ALMONDS; Olam International; Blue Diamond Growers; Russell Stover Chocolates, LLC; OLOMOMO Nut Company; Bob’s Red Mill Natural Foods; Rolling Hills Nut Company; Jonny Almond Nut Company. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market.
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Almond Powder Market Report Highlights
- Snacks application is expected to grow at a CAGR of 5.7% from 2024 to 2030. A wide range of snack goods, including protein bars, energy bites, and snack mixes, contain almond powder. It is an important ingredient for healthy snacks due to its high protein and fiber content and high nutritional value.
- Sales of almond powder through B2C channel is expected to grow at a CAGR of 5.4% from 2024 to 2030. The emergence of e-commerce has highly impacted the B2C market. Online platforms allow consumers quick access to a broad choice of almond powder goods, including organic and specialized options further driving sales through online channels.
- Asia Pacific is expected to grow at a CAGR of 5.8% from 2024 to 2030. The awareness among consumers regarding the health advantages of almonds and almond powder is growing. The demand for almond powder in a variety of applications, from classic sweets to contemporary baked items, is driven by this growing knowledge.
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We have segmented the global bakery premix market based on the application, distribution channel, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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