Growing health awareness among customers has led to increased demand for nutritional snacks in a convenient way that can fit around their busy lifestyles. Customers are inclining toward healthy snacks due to the snackification trend. This has altered the nutritional as well as competitive landscape of almond flour-based snacks.
Almond flour has widespread application in the food industry, and is being used as an alternative to commonly used flours in snacks. It can be used as an ingredient in most snacks such as cookies, pasta, and bakery products. The healthy snacking trend is expected to boost consumption of almond flour.
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The trend of grain-free flours is also gaining immense popularity, as more and more consumers are turning toward gluten-free diets. Coconut flour, almond flour, sunflower seed flour, cassava flour, and a few others are gaining traction as gluten-free alternatives to wheat and refined flours. Almond flour offers a different taste and feel as compared to its traditional counterparts, but is considered to provide a better nutritional and healthier profile than the rest.
Majority of key players operating in foodservice and food manufacturing industries are turning toward the utilization of this nutritious grain-free flour as a substitute for regular high-carb flours in different industrial applications to attract more customers.
As per industry analysis by Persistence Market Research, the global almond flour market is set to witness growth at a value CAGR of 8.1% over the period of 2022 to 2032.
Key Takeaways from Market Study
- The North America market for almond flour is expected to expand at a CAGRs of 6.9% through 2032.
- The Europe almond flour market is currently pegged at 21,244 tons.
- Growing consumer preference for healthy and nutritious food products is driving the sales of almond flour across global markets. Based on nature, demand for organic almond flour is expected to surge at a CAGR of 10%.
- Although by form, blanched almond flour holds the highest market share, the nature segment is set to expand faster at a CAGR of 7.3%.
- COVID-19 disrupted the supply chain of almond flour, due to which, there was a slowdown in the market. However, the market is anticipated to witness significant growth over the coming years with increasing consumer demand for healthy and nutritious food products.
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“The market is mainly benefitted from innovative product offerings from prominent almond flour manufacturers and rising customer need for nutritional bakery foods,” says a Persistence Market Research analyst.
Competitive Landscape
Key companies producing almond flour are majorly focusing on expanding their product portfolios by adding innovative flavors. Manufacturers also participate in various exhibitions and events around the world to increase awareness about their products.
- In November 2020, Bob’s Red Mill Natural Foods expanded its product portfolio with the launch of its grain-free baking mixes. The company added chocolate cake mix, brownie mix, flatbread mix, and blueberry muffin mix to its product portfolio. All these products are made using almond flour as a major ingredient
- In July 2020, Texas Star Nut and Food Co. announced the launch of an almond flour product. The company launched this product under its brand Nature’s Eats. This launch was done in response to increasing popularity of paleo, keto, gluten-free diets, and healthier food substitutes.
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global almond flour market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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The study offers compelling insights based on nature (organic, conventional), form (blanched, natural), end use (food & beverages, cosmetics & personal care, foodservice, retail/household), and distribution channel (business to business, business to consumer), across seven major regions of the world.
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