Table of Contents
Overview
New York, NY – October 31, 2025 – The global almond powder market is projected to rise from USD 505.0 million in 2024 to about USD 975.0 million by 2034, representing a 6.8% CAGR from 2025 through 2034. With North America capturing approximately 41.3% of the market, consumer demand for plant-based and health-driven foods is clearly fueling the growth.
Almond powder—derived from blanched or unblanched almonds—has gained prominence in baking, confectionery, dairy-free beverages, and nutritional products, thanks to its natural protein, healthy fats, and gluten-free profile.
Behind this trend are strategic investments: the Almond Board has committed USD 4.8 million to research on water sustainability, honeybee health, and coproduct utilization to bolster the almond-farming ecosystem. Concurrently, the “Stretching the Grower’s Dollar” programme has channelled USD 6 million in RAPP funding to equip growers for rising consumption pressures.
In the wider ecosystem, tech and finance startups are also making waves: Almond AI raised ₹16 Cr in seed funding to bring AI solutions into agriculture, Almond FinTech secured USD 7 million to innovate global financial transactions, and Almond Finance closed a USD 2 million seed round. Together, these funding flows enhance supply chain resilience and underpin the almond powder market’s expansion trajectory.
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Key Takeaways
- The Global Almond Powder Market is expected to be worth around USD 975.0 million by 2034, up from USD 505.0 million in 2024, and is projected to grow at a CAGR of 6.8% from 2025 to 2034.
- The almond powder market by type is dominated by concentrates, holding a strong 47.2% share globally.
- Conventional sources lead the almond powder market significantly, contributing around 78.1% to overall production and supply.
- Food and beverage applications account for 57.3% of the almond powder market, driving consumer-oriented demand growth.
- Offline distribution channels capture 71.5% of the almond powder market, highlighting traditional retail dominance worldwide.
- North America recorded a market value worth USD 208.5 million.
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Report Scope
| Report Features | Description |
|---|---|
| Market Value (2024) | USD 505.0 Million |
| Forecast Revenue (2034) | USD 975.0 Million |
| CAGR (2025-2034) | 6.8% |
| Segments Covered | By Type (Concentrates, Isolates, Others), By Source (Conventional, Organic), By Application (Food and Beverages, Cosmetics, Nutraceuticals, Others), By Distribution Challenge (Online, Offline) |
| Competitive Landscape | Royal Nut Company, ADM, TREEHOUSE ALMONDS, Olam International, Blue Diamond Growers, Russell Stover Chocolates, LLC, Bob’s Red Mill Natural Foods, Rolling Hills Nut Company, Jonny Almond Nut Company, Noosh Brands |
Key Market Segments
By Type Analysis
In 2024, Concentrates dominated the By Type segment of the Almond Powder Market with a 47.2% share, underscoring their strong presence in bakery, confectionery, and beverage applications. Their rich flavor, nutrient density, and clean-label appeal make them a preferred choice for food manufacturers focused on natural and plant-based formulations. The segment’s strength is also tied to consumer demand for protein- and fiber-rich ingredients that enhance both taste and nutrition.
Additionally, industry initiatives and targeted funding aimed at promoting sustainable almond cultivation and innovative processing methods continue to support this growth. These combined efforts reinforce the leadership of concentrates within the almond powder category and position them as a central force driving the market’s overall expansion.
By Source Analysis
In 2024, the Conventional category dominated the By Source segment of the Almond Powder Market with a 78.1% share, emphasizing its critical role in ensuring consistent supply and affordability. This leadership stems from the efficiency of conventional farming and processing systems, which effectively cater to large-scale bakery, confectionery, and nutritional product manufacturers.
The segment’s prominence also reflects strong consumer trust in established sourcing practices and the reliability of well-developed distribution networks. Widely available and competitively priced, conventional almond powder remains the preferred choice for mainstream food applications worldwide.
Its steady performance continues to anchor the overall market, meeting expanding demand while maintaining production stability and supporting the affordability that drives global consumption.
By Application Analysis
In 2024, the Food and Beverages segment dominated the By Application category of the Almond Powder Market with a 57.3% share, highlighting its central role in global consumption. Almond powder’s integration into bakery, confectionery, dairy alternatives, and beverage formulations reflects its value as a natural source of protein, fiber, and rich flavor.
This strong share underscores consumers’ growing inclination toward plant-based, clean-label, and nutritious products. Its multifunctional use across diverse food applications supports innovation in gluten-free and functional formulations.
As manufacturers continue to leverage almond powder’s nutritional and sensory benefits, the food and beverages segment remains the leading force driving demand and shaping product development, solidifying its dominant position in the overall market landscape for 2024.
By Distribution Challenge Analysis
In 2024, the Offline segment led the By Distribution Channel category of the Almond Powder Market with a commanding 71.5% share, underscoring its continued dominance in consumer reach and sales volume. This leadership is supported by the strong network of supermarkets, hypermarkets, and specialty stores that allow shoppers to personally assess product quality, packaging, and authenticity.
Consumers’ preference for hands-on purchasing and immediate availability drives the offline channel’s success. The segment’s large share also highlights the credibility and convenience of established retail outlets, which remain vital in maintaining consumer trust and brand visibility. As a result, offline retail continues to anchor the almond powder distribution landscape, sustaining its pivotal role in overall market growth and accessibility in 2024.
Regional Analysis
In 2024, North America dominated the almond powder market with a 41.3% share, valued at USD 208.5 million, driven by strong demand for plant-based, gluten-free, and functional ingredients across the bakery and beverage sectors. Europe maintained steady growth, supported by consumer interest in natural, protein-rich products aligned with the region’s health-conscious lifestyle trends.
The Asia Pacific region is rapidly emerging as a key growth hub, fueled by rising disposable incomes, urbanization, and increasing adoption of convenient, nutritious foods. Meanwhile, the Middle East & Africa are witnessing gradual development as awareness of plant-based nutrition grows, offering new but evolving market opportunities.
Latin America also shows positive momentum, with expanding health-focused consumer segments adopting almond-based formulations. Collectively, these dynamics highlight a balanced global outlook, with North America leading current demand and the Asia Pacific poised for future expansion.
Top Use Cases
- Gluten-free baking: Almond powder can replace wheat flour in cakes, cookies, and muffins, making baked goods suitable for gluten-free diets while adding nutty flavor and healthy fats.
- Plant-based beverage base: It’s used to make dairy-free milks, smoothies, or instant drink mixes—offering a creamy texture, plant protein, and a clean-label alternative for vegan or lactose-intolerant consumers
- Protein and fiber enrichment: Almond powder serves as a source of plant-based protein and fiber, helping boost nutritional value in snacks, bars, and meal-replacement products targeting health-conscious consumers.
- Natural thickening/texture improver: Its finely ground texture allows almond powder to be used in sauces, soups, dressings, or dairy alternatives as a clean-label thickener or flavor-enhancer without synthetic gums.
- Low-carb or keto-friendly ingredient: Because it’s low in carbohydrates and higher in healthy fats compared to standard flours, almond powder supports low-carb, keto, or diabetic-friendly formulations.
- Beauty & wellness incorporation: Beyond food, almond powder is used in skin or hair-care masks and wellness toppers, thanks to its vitamin E, antioxidants, and nutrient content that support overall well-being.
Recent Developments
- In April 2025, OFI secured a US$350 million club loan facility to support its operations and growth. The funding strengthens its balance sheet and helps with general corporate needs as it focuses on scaling its ingredients business (which includes nuts, dairy, and other value-added segments).
- In October 2024, ADM launched a new solutions platform targeted at users of GLP-1 medications and other anti-obesity treatments. This platform showcases ADM’s expansion into health-driven, nutrition-forward ingredients—potentially benefiting nut-/almond-based ingredient innovations over time.
- In October 2024, Treehouse Almonds partnered with Sitos Group to launch a USD 9 million slow-pyrolysis biochar facility in Delano, California. The plant will convert almond shells from Treehouse’s hulling operations into biochar, which supports soil health and carbon-sequestration efforts.
Conclusion
The almond powder market continues to grow steadily, supported by rising interest in plant-based and health-focused foods. Its versatility across bakery, confectionery, beverages, and nutrition products makes it a preferred choice for both manufacturers and consumers. Growing awareness of clean-label, gluten-free, and sustainable ingredients further enhances its appeal.
With ongoing innovations in processing and responsible farming practices, almond powder is expected to maintain its importance as a premium natural ingredient in the global food industry. The market’s long-term success will rely on sustainable sourcing, technological advancements, and consumer demand for nutritious, functional, and eco-friendly food alternatives.
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