A recent report published by Infinium Global Research on the almond flour market provides an in-depth analysis of segments and sub-segments in the global as well as regional almond flour market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional almond flour market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global almond flour market. According to the report, the global almond flour market is projected to grow at a CAGR of 7.8% over the forecast period of 2020-2026.

Market Insight

Almond flour is rich in the source of vitamins, omega fatty acids, minerals, and proteins. Almond flour is both wheat-free and gluten-free, making it a major alternative for baking for those who can't tolerate wheat or gluten. It is mostly utilized in bakery products such as cakes and cookies. Further, almond flour is low-carbs, high-protein, and rich in fiber and healthy fats which offer wide usage in bakery and confectionery products. The popularity of almond flour has risen abruptly, due to the millennial inclination towards healthier options for meal replacement.

Amidst the COVID-19 crisis and the unspecified lockdown across nations, the consumer food & beverage industry first witnessed augmented demand for household consumables, healthy food items, and nutritious food with longer shelf lives. The demand for fruits & vegetables, dry fruits, and whole grains, among others, witnessed substantial growth during the early stages of the pandemic. In the current situation, most businesses in the industry are faced with low demand for their products and supply chain fluctuations. In addition, the temporary shutdown of bakery and confectionary outlets may hamper the demand for almond flour.

Nevertheless, the demand for almond flour is anticipated to increase owing to increasing health consciousness among consumers, rising demand for gluten-free bakery products, and due to health benefits associated with almond flour. Moreover, the upsurge in demand for plant-based or vegan food, increasing standard of living along with healthy eating habits are the key driving factors that will drive the almond flour market. Rising urban population and rising demand for gluten-free food consumption is also some key contributing factor that is expected to accelerate the demand for almond flour market growth. Further, the rapidly growing bakery sector along with increasing the manufacturing of chocolate and confectionary will accelerate the demand for almond flour. However, the availability of other substitutes and the high price of almonds may hamper the demand for almond flour markets. Furthermore, increasing demand for protein-rich diet and rapid growth of the dietary supplements industry will augment the demand and offer wide opportunities for the almond flour market. 

Geographically, Asia Pacific held the largest share in the almond flour market in 2019. China and India are the key revenue generator in the Asia Pacific almond flour market. Factors such as rapid urbanization, a growing number of food processing units, and increasing usage of almond flour in bakery and confectionary are increasing the demand for almond flour market in this region. Further, Europe will witness rapid growth in the forecast period owing to the rising demand for gluten-free food, significant imports of almond-derived products, and also high consumption of bakery products in the region.

Segment Covered

The report on global almond flour market covers segments such as type, application, end use, and sales channel. On the basis of type, the sub-markets include natural almond flour, blanched almond flour, and others. On the basis of application, the sub-markets include bakery, chocolate and confectionery, cosmetic, and others. On the basis of end use, the sub-markets include commercial, and household. On the basis of sales channel, the sub-markets include offline, and online.

Companies Profiled:

The report provides profiles of the companies in the market such as Hodgson Mill, TREEHOUSE ALMONDS, Grain-Free JK Gourmet, WellBees, Nature's Eats, Nature’s Choice, Anthony's Goods, Barney Butter, Blue Diamond Growers, and Bob’s Red Mill Natural Foods.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of almond flour market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.