Almond Powder Market By Product Type (Sweet Almond Powder, Bitter Almond Powder), By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Animal Feed), By End-User Industry (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Animal Feed), By Distribution Channel (Online Retail, Offline Retail, Direct Sales), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Almond Powder Market was valued at USD 1.2 billion in 2023 and will surpass USD 1.8 billion by 2030; growing at a CAGR of 5.7% during 2024 - 2030.

The almond powder market is experiencing steady growth driven by its versatile applications across various industries, including food & beverages, cosmetics, pharmaceuticals, and animal feed. Almond powder, derived from grinding almonds into a fine, nutritious powder, has gained popularity due to its health benefits and multifunctionality. It is rich in proteins, vitamins, and minerals, making it an attractive ingredient for a variety of products, particularly in the food industry. Additionally, the demand for plant-based, gluten-free, and vegan products has propelled almond powder’s adoption in numerous applications. This growth is supported by the increasing awareness of healthy eating habits and sustainable, plant-based products.

Sweet Almond Powder Segment Is Largest Owing to Versatility and Taste

The sweet almond powder segment holds the largest share in the almond powder market. Sweet almonds, known for their mild and nutty flavor, are widely used in food applications such as bakery products, smoothies, and dairy alternatives. The neutral taste and fine texture of sweet almond powder make it a preferred ingredient for many food and beverage formulations, especially in gluten-free and dairy-free products. As consumers shift towards healthier and plant-based food options, the demand for sweet almond powder is expected to rise, further solidifying its dominance in the market.

Sweet almond powder's popularity is also driven by its rich nutritional profile, which includes essential fatty acids, protein, and vitamin E, making it a favored ingredient in the health-conscious food and beverage sector. Moreover, it finds extensive use in cosmetics and personal care products, thanks to its gentle exfoliating properties and skin-moisturizing benefits. Given these factors, the sweet almond powder segment will continue to lead the market, benefiting from the growing trend of healthy and natural ingredients in consumer products.

Food & Beverages Application Is Fastest Growing Owing to Rising Health Consciousness

The food & beverages application segment is the fastest-growing in the almond powder market, driven by increasing demand for healthy and clean-label ingredients. Consumers are increasingly seeking alternatives to traditional flour, with almond powder becoming a popular choice in gluten-free, low-carb, and plant-based diets. The versatility of almond powder allows it to be used in various food products, such as baking mixes, protein bars, dairy alternatives, smoothies, and snack foods, making it a key ingredient in the growing health food industry.

This trend is further supported by the expanding popularity of almond-based products among consumers who prioritize organic, non-GMO, and natural ingredients. As food manufacturers continue to innovate and adapt to the changing preferences of consumers, the food & beverages segment is expected to maintain its rapid growth. The rise of veganism, combined with the increasing awareness of the health benefits of almonds, positions almond powder as a key player in the evolution of the food and beverage sector.

Food & Beverages End-User Industry Is Largest Due to High Demand for Nutritious Ingredients

The food & beverages industry is the largest end-user of almond powder, as it is increasingly incorporated into a wide variety of products such as bakery items, snacks, smoothies, and energy bars. Almond powder is valued for its nutritional content, including healthy fats, protein, fiber, and vitamins, making it a sought-after ingredient in the health and wellness food sector. The shift towards plant-based, gluten-free, and dairy-free diets has significantly driven the demand for almond powder in food applications, particularly in the production of almond milk, dairy-free ice cream, and plant-based protein products.

As the food & beverages sector continues to embrace healthier and more sustainable options, almond powder’s presence in food products will likely increase. With consumer demand for functional and clean-label foods rising, almond powder’s market share in this segment is expected to grow, reinforcing its position as a dominant ingredient in the global food industry.

Online Retail Distribution Channel Is Fastest Growing Due to E-Commerce Expansion

The online retail distribution channel is the fastest-growing segment in the almond powder market, driven by the rapid expansion of e-commerce platforms and increasing consumer reliance on online shopping. The convenience of purchasing products online, combined with the growing trend of health-conscious and plant-based food consumption, has contributed to the rise in almond powder sales through online channels. E-commerce platforms offer a wide range of almond powder products, including organic and specialty variants, making it easier for consumers to access various options without the need to visit physical stores.

Moreover, the COVID-19 pandemic accelerated the shift towards online shopping, and this trend is expected to persist in the coming years. The ease of browsing, comparing, and purchasing almond powder through online retail platforms positions it as the fastest-growing distribution channel. As e-commerce continues to evolve and improve, almond powder's availability on these platforms will continue to expand, offering consumers a broader range of choices and contributing to the overall growth of the market.

North America Region Is Largest Due to Strong Demand in Food & Beverages

North America is the largest region in the almond powder market, largely due to the strong demand for almond-based products in the food and beverage sector. California, the world’s largest producer of almonds, plays a pivotal role in supplying almond powder to meet both domestic and international demand. The growing preference for plant-based, gluten-free, and nutritious products in North America has significantly fueled the adoption of almond powder in various food products, from snacks to dairy alternatives. The region's strong health-conscious consumer base further supports the demand for almond powder, positioning North America as the dominant region in the global market.

In addition, the presence of major food manufacturers and the increasing popularity of clean-label and organic products in North America have also contributed to the region’s growth. As awareness of the health benefits of almonds continues to rise, North America will remain the largest market for almond powder, driving the global growth of the product.

Leading Companies and Competitive Landscape

The almond powder market is competitive, with several prominent players dominating the landscape. Companies such as Blue Diamond Growers, Mariani Nut Company, Olam International, Bunge Limited, and Kerry Group are key players in the market, contributing to the growth of almond powder through innovative product offerings and strategic partnerships. These companies are focused on expanding their portfolios of almond-based ingredients, including almond powder, to meet the increasing consumer demand for healthier and plant-based options.

The competitive landscape is marked by continuous research and development efforts aimed at improving the nutritional profile and sustainability of almond powder. As consumer preferences shift towards organic and non-GMO ingredients, companies are increasingly focusing on providing clean-label products. Moreover, mergers and acquisitions in the almond processing industry are helping companies strengthen their market positions and expand their geographical reach. The market remains dynamic, with key players striving to maintain their competitive edge through product innovation, sustainability initiatives, and strategic collaborations.

Recent Developments:

• Blue Diamond Growers has expanded its range of almond-based ingredients, launching new almond powder products aimed at the growing demand for plant-based food ingredients.
• Olam International acquired a leading nut ingredients company to strengthen its position in the almond powder market and enhance its product offerings for the food and beverage sectors.
• Kerry Group introduced a new line of organic almond powder, targeting the health-conscious consumer market, especially for use in plant-based and gluten-free products.
• Mariani Nut Company received a non-GMO certification for its almond powder products, enhancing its appeal in the health and organic product market.
• Hershey’s implemented new regulatory standards for the almond powder it uses in its confectionery products, ensuring compliance with stricter health and safety guidelines in global markets.

List of Leading Companies:

• Almonds Australia
• Blue Diamond Growers
• Bunge Limited
• HealthLink
• Hershey’s
• Kerry Group
• Lao Foods
• Mariani Nut Company
• Naturz Organics
• Nutra Blossom
• Olam International
• Prakruti Products
• Sundrop Farms
• The Green Labs
• Treehouse Foods

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