(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 28, 2024 (GLOBE NEWSWIRE) -- The "Global Almond Flour market by Type (Blanched, Natural), Nature (Conventional, Organic), End-Use, Distribution channel - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Almond Flour Market grew from USD 1.47 billion in 2023 to USD 1.56 billion in 2024. It is expected to continue growing at a CAGR of 6.83%, reaching USD 2.33 billion by 2030. The almond flour market's growth is influenced by many factors, including the expanding prevalence of gluten intolerance and celiac disease, the rising popularity of low-carbohydrate diets globally, and the growing incorporation of almond flour in various international cuisines.
However, the adoption of almond flour is hindered by its high production costs, the availability of alternative flour products, including other nut-based flours, and the volatility of almond prices due to environmental and climatic factors. On the other hand, ongoing innovation in product formulations to enhance functionality, collaborations with bakeries, restaurants, and food manufacturers, and innovation in product formulations to enhance functionality and application in the food and beverage industry presents potential opportunities for the almond flour market to grow in the coming years.
Regional Insights
In North America, particularly in the United States and Canada, the demand for almond flour has increased due to the increasing awareness of celiac disease and gluten sensitivity. The presence of a large health-conscious population and the trend toward Paleo and Keto diets have significantly propelled the market forward. South America has seen steady growth in the almond flour market, driven by an increasing inclination towards healthier lifestyle choices among consumers. Brazil and Argentina are taking the charge, with an uptick in gluten-free and health-centric food products.
Europe is prominent in the global almond flour market, strongly emphasizing healthy eating habits and natural products. The region shows a high demand for almond flour due to the prevalence of gluten intolerance and the popularity of Mediterranean diets that prominently feature almonds. Germany, the UK, and France are at the forefront, extensively integrating almond flour in bakery products, snacks, and gourmet cuisines.
The Middle East and Africa (MEA) region exhibits a growing potential for the almond flour market due to the traditional consumption of almonds and an emerging health-conscious consumer base. The APAC region has experienced a significant rise in the almond flour market, led by changing dietary habits and an increasing awareness of health and wellness among the middle-class population.
The market in China is expanding rapidly due to urbanization, increasing disposable incomes, and the influence of Western dietary habits. Japan, with its detailed attention to health and longevity, shows a growing interest in almond flour for its nutritional benefits. India is witnessing increased demand for almond flour, driven by the prevalence of diabetes and the increasing awareness of protein-rich, gluten-free diets.
Recent Developments
Piccola Cucina Inc. Acquires Assets of Judy G Foods Inc. in a Strategic Move to Expand Consumer Packaged Offerings to the Gluten-Free & Allergen Sensitive Communities
Piccola Cucina Inc., a distinguished Woman-Owned Canadian enterprise recognized for crafting certified gluten and dairy-free products, announced the strategic acquisition of Judy G Foods Inc., a celebrated creator of gluten-free pizzas and vegan desserts. This acquisition signifies a pivotal expansion of Piccola Cucina's allergy-friendly, nutrient-rich product range, bolstering its presence in the consumer packaged goods industry.
Enrich Foods Expands Great River Milling Portfolio
Enrich Foods, LLC, a subsidiary of Columbia Grain International, announced a strategic partnership with AgriCapture, a technology firm focused on leveraging agricultural solutions to combat climate change. This collaboration will see Enrich Foods sourcing certified climate-friendly, sustainably farmed white and brown rice for its Great River Milling brand. This rice will join a lineup of products under the "Better for You and Better for Earth" range, which includes organic offerings such as almond flour, steel-cut oats, and various hot cereals, many of which boast the American Heart Association's Heart-Check certification.
Goya Foods Introduces Line Of Stand-Up Flours
Secaucus, New Jersey's Goya Foods, a name in Latin culinary products, introduced its innovative Stand Up Flours line. This diverse range includes almond, coconut, wheat, chickpea, and rice flour, catering to a variety of dietary needs with organic, keto-friendly options.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $1.56 Billion |
| Forecasted Market Value (USD) by 2030 | $2.33 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Market Insights
Market Segmentation Analysis
Type: Increasing preference for blanched almond flour for baking applications End-Use: Expanding usage of almond flour for food and beverage processing
Market Drivers
Expanding prevalence of gluten intolerance and celiac disease Rising popularity of low-carbohydrate diets globally Growing incorporation of almond flour in various international cuisines
Market Restraints
High production costs of almond flour
Market Opportunities
Ongoing innovation in product formulations to enhance functionality Collaborations with bakeries, restaurants, and food manufacturers
Market Challenges
Availability of substitutes
Industry Insights
Market Disruption Analysis Porter's Five Forces Analysis Value Chain & Critical Path Analysis Pricing Analysis Technology Analysis Patent Analysis Trade Analysis Regulatory Framework Analysis
Key Company Profiles
Abu Auf Barry Callebaut AG Blue Diamond Growers Bob's Red Mill Natural Foods, Inc. Borges Agricultural & Industrial Nuts, SA CASAROSA ALMONDS PTY. LTD. ConnOils LLC Damiano S.p.A. Dohler GmbH Ecofuture Organics and Natural Pvt. Ltd. Foodsterr PTE Ltd. Harris Woolf California Almonds Honeyville, Inc. Istore Direct Trading Pvt. Ltd. JG Foods Limited Mandelin, Inc. Modern Ingredients Noushig, Inc. NOW Health Group, Inc. Olam Group Limited Pereg Natural Foods Inc. Puramate India Pvt. Ltd. Ravikamal Roller Flour Mills Pvt. Ltd. Royal Nut Company SOKOL Custom Food Ingredients Treehouse California Almonds, LLC
Market Segmentation & Coverage
Type
Nature
End-Use
Food & Beverage Processing Household Distribution Channel
Offline
Grocery Stores Supermarkets & Hypermarkets Online
Region
Americas
Argentina Brazil Canada Mexico United States California Florida Illinois New York Ohio Pennsylvania Texas
Asia-Pacific
Australia China India Indonesia Japan Malaysia Philippines Singapore South Korea Taiwan Thailand Vietnam
Europe, Middle East & Africa
Denmark Egypt Finland France Germany Israel Italy Netherlands Nigeria Norway Poland Qatar Russia Saudi Arabia South Africa Spain Sweden Switzerland Turkey United Arab Emirates United Kingdom
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Global Almond Flour Market
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