Report : North America Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form (Blanched and Natural), Nature (Organic and Conventional), and End User (Foodservice, Food and Beverages, Cosmetic Industry, Dietary Supplements, and Others)
Food and Beverage Segment to Dominate North America Almond Flour Market during 2020–2027
According to The Insight Partners market research study on “North America Almond Flour Market Forecast to 2027 – COVID-19 Impact and Analysis - By Form (Blanched and Natural), Nature (Organic and Conventional), and End User (Foodservice, Food and Beverages, Cosmetic Industry, Dietary Supplements, and Others)”, the market is expected to reach US$ 669.14 million by 2027 from US$ 352.33 million in 2019; it is estimated to grow at a CAGR of 8.7% from 2020 to 2027. The report provides trends prevailing in the North America almond flour market, and the drivers and restraints pertaining to the market growth. The health benefits associated with almond flour as well as the growing demand from the packaged and processed food industry is driving the market. However, due to availability of substitutes and improper storage facilities for almond flour will hinder the growth of the market in developing countries in North America.
The almond flour market in North America is segmented into form, nature and end user. Based on form the market is segmented into blanched and natural. In 2019, the blanched segment held the largest share of the North America almond flour market. Blanched means that the almond 's skin has been removed from the nut, and hence blanched almond flour will contain no almond skin. Blanched almond flour is gluten-free, high in fiber and a high protein source, and low in carbohydrates. Almond s provides the most calcium and are beneficial for lowering cholesterol and heart health. It is made using pure almond s and is one of the best choices for a healthy kind of baking flour. Blanched almond flour is mostly used for its smooth, fine, and fluffy texture. Blanched almond flour is lighter and is much better for making baked products and pastries. However, the outbreak of COVID-19 and lockdown imposed by the governments across North America is anticipated to have a huge disruption in the growth of various industries across North America. Although, US is the leading hub of manufacturing and largest raw material supplier for various industries, it is one of the worst affected countries due to the outbreak of COVID-19. The governments across North America are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.
King Arthur Flour Company Inc., Alldrin Brothers, Anthony’s Goods, Hodgson Mill Inc., Rolling Hills Nut Company Inc., Shiloh Farms, Treehouse California Almond s, LLC., Blue Diamond Growers, and Bob’s Red Mill Natural Foods are among the leading companies in the North America almond flour market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
North America Almond flour market, by Form
North America Almond flour market, by Nature
North America Almond flour market – by End User
North America Almond flour market – by Country