Middle East and Africa Almond Flour Market Analysis and Opportunities by 2027
Middle East and Africa 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)
- Status : Published
- Report Code : TIPRE00016318
- Category : Food and Beverages
- No. of Pages : 61
- Available Report Formats :
- Last update date : November 18, 2020
2019 Market Size
US$ 80.27 Mn
Base year value
2027 Forecast
US$ 141.30 Mn
Projected by 2027
CAGR 2020-2027
7.6 %
Growth rate
Addressable Market
US$ 905.52 Mn
(2020-2027)
The MEA almond flour market is expected to grow from US$ 80.27 million in 2019 to US$ 141.30 million by 2027; it is estimated to grow at a CAGR of 7.6% from 2020 to 2027.
UAE, Saudi Arabia and South Africa are major economies in MEA. An increase in demand from packaged and processed food industry is driving the MEA almond flour market. Almond flour is a rich source of vitamin E, vitamin A, omega fatty acids and proteins. The flour finds many applications in industries such as baking, confectionery and other packaged food items like breads, cakes, and pasta. Owing to busy & hectic lifestyle, there is a noticeable increase in the consumption of these ready-to-eat food products and beverages over the past few years. Rise in disposable income and improving economic conditions, consumers in developed and developing countries are able to spend considerable amount on packaged food including snacks and bakery products which further propel the growth of almond market. Also, with the growth food & beverages industry and diversification of distribution channels, and convenience foods have found a shelf in the retail outlets and supermarkets. Almond flour provides functionalities such as structure setting through protein coagulation, moisture retention due to its high fiber content and higher absorption level in dough or batter. Almond flour is used in the making of pastries, cookies and cakes. It is also demanded in various food cuisines for the purpose of adding nutritional content & flavor. It is used for all kind of yeast dough like for bread, roll s& pizza and also for non-yeast teats like scones, muffins and biscuits. Several dishes such as chewy almond cookies, almond croissants, lemon bars with almond shortbread crust are prepared using almond flour. Thus, the growing demand from packaged and processed food industry is expected to drive the MEA almond flour market.
Presently, major countries in MEA are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the MEA almond flour market as the demand for these solutions has declined over the past couple of months. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA almond flour market. The market is expected to grow at a good CAGR during the forecast period.
MEA Almond flour Market Revenue and Forecast to 2027 (US$ Mn)
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MEA Almond flour Market Segmentation
MEA Almond flour Market, by Form
- Blanched
- Natural
MEA Almond flour Market, by Nature
- Organic
- Conventional
MEA Almond flour Market – by End User
- Foodservice
- Food and Beverages
- Cosmetic Industry
- Dietary Supplements
- Others
MEA Almond flour Market – by Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Middle East and Africa Almond Flour Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 80.27 Million |
| Market Size by 2027 | US$ 141.30 Million |
| CAGR (2020 - 2027) | 7.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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