Almond Flour Market to Grow at a CAGR of 8.3 % to reach US$ 1,624.12 Million from 2020 to 2027

Almond Flour Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Form (Blanched and Natural), Nature (Organic and Conventional), and End User (Foodservice, Food & Beverages, Cosmetic Industry, Dietary Supplements, and Others)

  • Report Code : TIPRE00011063
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 147
Buy Now

The almond flour market was valued at US$ 877.95 million in 2018 and is projected to reach US$ 1,624.12 million by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.

Almond flour refers to almond nuts that has been ground and sieved to a certain particle size. It is mainly made from blanched almonds that lacks the dark flecks of skin. It is the most widely used nut product and is often used to make premium pastries, cookies, and sweet goods like almond macaroons. As the nuts are not ground to uniform sizes, the almond flour is sometimes coarser. It is sold in well stocked supermarkets, grocery stores as well as online. It can also be made at home. Almond flour has recently become famous and is used in baking items for consumers who prefer low-carbohydrate diets. It provides moisture and rich nutty taste to the baked goods. The items made using almond flour tend to be calorie- dense.

The almond flour market in North America is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the to an upsurge in the consumption of convenience food items like bakery products, snacks, noodles, and pasta. The increasing rate of working population increases the demand for ready to eat food products which uses almond flour as an ingredient. This in turn leads to the rise in demand for almond flour in the region. Also, the rise in the number of people suffering from gluten intolerance and allergies, supports the market for almond flour. The presence of market players such as King Arthur Baking Company, Anthony’s Goods and Hodgson Mill Inc. and their attempt to enhance the quality of almond flour & related products, is yet another reason behind the growth of almond flour market.

Impact of COVID-19 Pandemic on Almond Flour Market

The COVID-19 outbreak adversely affects economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages are among the significant industries suffering from severe disruptions such as restrictions on the supply chain and shutdown of production plants. The shutdown of different plants and factories in various countries disrupts the global supply chains and negatively impacts the manufacturing activities, delivery schedules, and multiple goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering business collaboration and partnership opportunities. Thus, these factors are restraining the growth of the almond flour market in the food and beverage industry.

Almond Flour Market

Almond Flour Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Health Benefits Associated with Almond Flour Is Expected to Fuel Almond flour  Market Growth

Almond flour is a type of flour that is made from ground sweet and blanched almonds. It can be made at home or can be bought from supermarkets and health food stores. Almond flour is rich in vitamins, minerals, manganese and antioxidants. The manganese in almond flour helps the body in blood clot and allows it to heal after injuries. It also helps in breakdown of carbohydrates & cholesterol and in controlling the blood sugar levels. Almond flour is rich in mono-unsaturated fats that keeps cholesterol under control which in turn lowers the risk of heart diseases. Almond flour is a low glycemic index food and has fewer sugar and carbohydrates content which helps in keeping diabetes under control. It is also rich in prebiotic dietary fiber which can be digested by the bacteria present in the small intestine. Getting enough amounts of prebiotic dietary fiber leads to a healthier and efficient digestive system. Almond flour is rich in vitamin E which is a type of antioxidant that favors the brain. Enough intake of vitamin E reduces the risk of developing cognitive diseases like Alzheimer’s disease. The presence of vitamin E and antioxidants reduce the risks associated with cancer, diabetes, stroke and other heat related problems. The rising inclination toward healthy lifestyle and growing instances of diabetes, cancer, and other such diseases are among the factors driving the growth of the market under study. Also, rising preference of high-protein flour products, is positively affecting the market growth.

Form Insights

Based on form, the almond flour market is bifurcated into blanched and natural. The blanched segment accounted for a larger market share in 2018 and it is expected to register a higher CAGR in the market during the forecast period. 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. Almonds provide the most calcium and are beneficial for lowering cholesterol and heart health. It is made using pure almonds 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. Because the almonds are white (having had the skin removed), the ground up flour will not make a difference to the dish's appearance. Blanched almond flour also carries the same health and nutritional benefits as unblanched or natural almond flour.

Almond Flour Market, by Form– 2018 and 2027

Almond Flour Market, by Form– 2018 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Nature Insights

Based on nature, the almond flour market is segmented into organic and conventional. The conventional segment accounted for the largest market share in 2018. Conventional almond flour is made from blanched, skinless almonds that are ground to produce a powder. Hence, most market players use conventional almond flour to deliver different food & beverage, bakery, and other industries. Conventional almond flour is considered more nutritious than whole almond flour and grain flour. It also helps in fighting inflammation and aiding weight loss. Conventional farming is one of the most popular and preferred farming methods due to its benefits to consumers and producers, including price and availability. Due to the low production costs, the conventional farmers produce the crops in mass and then sell them to the consumers at lower prices. Moreover, the growing bakery sector and increasing manufacturing of chocolate and confectionary further drive conventional almond flour demand. All these factors have paved the way to a significant rise in demand for almond flour.

End User Insights

Based on end user, the almond flour market is segmented into food service, food and beverages, cosmetic industry, dietary supplements, and others. The food and beverages segment accounted for the largest market share in 2018. Almond flour has high content of minerals such as iron, calcium, potassium, manganese, and zinc. It is also characterized by low fat and gluten content. Owing to these reasons, almond flour finds its applications in a wide variety of food and beverages industry. Almond flour cookies are made using almond flour along with oats or corn flakes. It is completely healthy with excellent taste provided in one bite. Almond flour is also used in the making of cakes and various dietary fibers. Many bakery products are prepared using almond flour such as cookies, biscuits, bread, rolls, cookies, pies, pastries, and muffins. Almond flour plays a crucial part in the production of breakfast cereals and other dietary products. This is likely to soar the demand for almond flour in the food & beverage industry in the near future. The trend for the consumption of organic food products amongst consumers will favor the demand for almond flour in the food & beverage industry.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Almond Flour Market: Strategic Insights

Almond Flour Market

  • CAGR (2018 - 2027)
  • Market Size 2018
    US$ 877.95 Million
  • Market Size 2027
    US$ 1,624.12 Million

Market Dynamics


Key Players

  • King Arthur Flour Company Inc.
  • Alldrin Brothers
  • Anthony?s Goods
  • Hodgson Mills
  • Oleander Bio, SA
  • Rolling Hills Nuts Company Ltd.
  • Shiloh Farms
  • Treehouse California Almonds, LLC.
  • Blue Diamond Growers

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Blanched and Natural
  • Organic and Conventional
End User
  • Foodservice
  • Food & Beverages
  • Cosmetic Industry
  • Dietary Supplements
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

A few players operating in the almond flour market are King Arthur Flour Company Inc., Alldrin Brothers, Anthony’s Goods, Hodgson Mill Inc., Organic Bio, SA, Rolling Hills Nut Company Inc., Shiloh Farms, Treehouse California Almonds, LLC, Blue Diamond Growers and Bob’s Red Mill Natural Foods among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the almond flour market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the almond flour market from 2019 to 2027
  • Estimation of global demand for almond flour
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the almond flour market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the almond flour market size at various nodes
  • Detailed overview and segmentation of the market, as well as the almond flour industry dynamics
  • Size of the almond flour market in various regions with promising growth opportunities

Almond Flour Market- by Form

  • Blanched
  • Natural

Almond Flour Market – by Nature

  • Organic
  • Conventional

Almond Flour Market – by End User

  • Food Service
  • Food and Beverages
  • Cosmetic Industry
  • Dietary Supplements
  • Others

Company Profiles

  • King Arthur Flour Company Inc.
  • Alldrin Brothers
  • Anthony’s Goods
  • Hodgson Mill Inc.
  • Organic Bio, SA
  • Rolling Hills Nut Company Inc.
  • Shiloh Farms
  • Treehouse California Almonds, LLC
  • Blue Diamond Growers
  • Bob’s Red Mill Natural Foods

Almond Flour Market Report Scope

Report Attribute Details
Market size in 2018 US$ 877.95 Million
Market Size by 2027 US$ 1,624.12 Million
Global CAGR (2018 - 2027) 8.3%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Form
  • Blanched and Natural
By Nature
  • Organic and Conventional
By End User
  • Foodservice
  • Food & Beverages
  • Cosmetic Industry
  • Dietary Supplements
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • King Arthur Flour Company Inc.
  • Alldrin Brothers
  • Anthony?s Goods
  • Hodgson Mills
  • Oleander Bio, SA
  • Rolling Hills Nuts Company Ltd.
  • Shiloh Farms
  • Treehouse California Almonds, LLC.
  • Blue Diamond Growers
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Form , Nature , and End User

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions

    Can you list some of the major players operating in the global almond flour market?

    The major players operating in the globalalmond flourmarketare King Arthur Flour Company Inc., Alldrin Brothers, Anthony’s Goods, Hodgson Mill Inc., Organic Bio, SA, Rolling Hills Nut Company Inc., Shiloh Farms, Treehouse California Almonds, LLC, Blue Diamond Growers and Bob’s Red Mill Natural Foodsamong many others.

    Which region held the largest share of the global almond flour market?

    In 2019, North America contributed to the largest share in the global almond flour market. The growth of the almond flour market in this region is primarily attributed to growing preference of consumers towards a healthy lifestyle and products that offer health benefits. The rise in the demand for gluten free products also drives the market growth. The well-established food sector favors the market for almond flour in the region. High disposable income and changing lifestyles supports the fruitful demand for almond flour in the region. The use of almond flour in the making of various food items and the ability of almond flour to enhance the taste & texture of food products paves the way to the rising demand and expansion of almond flour market in North America. The numbers of chocolate and candy producers is yet another factor supporting the market for almond flour in the region.

    Based on end user, why is the food & beverages segment expected to grow at the highest rate during 2020–2027?

    Almond flour is a protein rich flour that is used in gluten free and paleo diet cooking. Being rich in calories, it is used in making pancakes, scones and breading. It can be substituted for any bread used in food recipes. It is also used in making pasta and biscuits. Owing to its gluten free property it is used in many food items like gluten free cookies, muffins & cakes. Beverages like almond milk and shakes are made using almonds. Almond flour is a popular alternative to traditional wheat flour. It is low in carbs, sweet in taste and is packed with nutrients. It also provide more health benefits such as reducing bad LDL cholesterol and insulin resistance as compared to the traditional wheat flour. Owing to these benefits it finds vast application in the food & beverage industry which drives the market for almond flour globally.

    The List of Companies - Global Almond Flour Market

    1. King Arthur Flour Company Inc.
    2. Alldrin Brothers
    3. Anthony’s Goods
    4. Hodgson Mills
    5. Oleander Bio, SA
    6. Rolling Hills Nuts Company Ltd.
    7. Shiloh Farms
    8. Treehouse California Almonds, LLC.
    9. Blue Diamond Growers
    10. Bob’s Red Mill Natural Foods

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Almond Flour Market