Almond Products Market Sales To Top USD 21 Billion by 2033

Introduction

The global Almond Products Market is experiencing significant growth, driven by rising consumer demand for healthy snacks, plant-based alternatives, and the increasing popularity of almonds due to their nutritional benefits. The market size, valued at USD 9 Billion in 2023, is expected to expand to approximately USD 21 Billion by 2033, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2023 to 2033.

Almond-based products, including almond milk, almond butter, almond flour, and snacks, have gained popularity as consumers shift towards healthier, sustainable food options. The market’s growth is further fueled by rising awareness about the health benefits of almonds, such as their ability to improve heart health, lower cholesterol, and provide essential nutrients like protein, fiber, and healthy fats.

Additionally, the increasing trend of veganism and plant-based diets has created a strong demand for almond-based alternatives to dairy products. With a growing number of consumers seeking natural, clean-label products, almond-based products have seen strong market adoption in regions like North America and Europe.

There are also considerable opportunities for expansion in emerging markets, where consumers are becoming more health-conscious and willing to explore new food categories. The market’s potential for growth is supported by innovations in product offerings, as manufacturers continuously develop new almond-based products to cater to evolving consumer preferences.

As demand increases, companies in the almond products market are focusing on expanding their production capabilities, entering new regions, and forming strategic partnerships to capitalize on the market’s growth potential.

Key Takeaways

• The Almond Products market is expected to grow from USD 9 Bn in 2023 to around USD 21 Bn by 2033, with a (CAGR) of 8.6%.
• Market Share by Type (2023): Whole Almond Held over 36.8% market share.
• Raw Nuts: Held over 45.5% market share.
• Personal Care: Held over 36.4% market share.
• Hypermarkets/Supermarkets: Held over 40.8% market share.
• Asia Pacific: Expected to capture around 49% of the global market.

Almond Products Statistics

Almond Components and Waste Production

• Almond fruits consist of several components, including the external hull, intermediate shell, skin, edible seed, and kernel. The hull is the heaviest component, accounting for around 50% of the total weight.
• Almonds must have their outer components removed to be processed for human use. This procedure produces 2.7 million metric tons of waste annually, including shells and hulls.
• Almonds are also high in proteins and fatty acids, of which 40–50% are unsaturated.
• Nearly 80 percent of the world’s supply of almonds is supplied by the United States, where they are cultivated almost exclusively in California. 67% of production is exported.
• There are 170 calories and 15 grams of fat, including 1 gram of saturated fat, in a quarter cup of almond flour.
• Two grams of fiber and one gram of sugar make up the 6 grams of carbohydrates.

Almond Production and Exportation Insights

• Almond flour contributes to your daily intake of vital minerals by providing 190 milligrams of potassium, 66 milligrams of calcium, and 1 milligram of iron. It also has no sodium.
• A massive 23.9 mg of vitamin E, or 159% of your daily recommended intake, may be found in 100g of almond flour.
• There is sufficient in almond flour 279.0 mg/100g. It represents 66% of your daily worth.
• Almond flour has 14g of fiber per 100g, which is more than brown rice flour, whole wheat flour, and buckwheat flour combined.
• Almond flour contains 2.2 mg of this trace mineral per 100g, which is 97% of the daily required level.
• Calcium is an essential mineral for healthy bones, blood flow, and muscular contraction at every stage of life. There are 271 mg of calcium in 100g of almond flour.

Nutritional Benefits of Almond Flour

• Almond flour has a high potassium content of 736 mg/100g, which is 16% of the daily necessary intake and essential for heart health and cell communication.
• With 50g of unsaturated fat per 100g, almond flour is a rich source of unsaturated fat, much like almonds themselves.
• With 21g of protein per 100g, almond flour has a significantly higher protein content than conventional flour or even other gluten-free flour varieties, except coconut.
• If you consume too many almonds in a day, you may develop allergies. To help prevent this, soak your almonds overnight and limit your daily intake to 10 to 15 almonds.
• When compared to cow’s milk and other plant-based beverages, almond milk has a relatively low-calorie content, with only 39 calories per cup 240 ml.
• Almond milk without sugar is a fantastic option if you’re attempting to cut back on sugar. With only 2 grams of sugar per cup of 240 ml, it is naturally low in sugar.

Almond Farming and Environmental Impact

• A cup of 240 ml of almond milk only contains 39 calories, 3 grams of fat, and 1 gram of protein. For a developing baby, this is insufficient.
• Unsweetened almond milk is a fantastic choice for a healthy keto diet because it only has 1.4 grams of carbohydrates per cup 240 mL, 37% of the DV for calcium, and 46% of the DV for vitamin E.
• A 3.5-ounce 100-gram quantity of almond milk naturally contains 22% of the daily required amount of vitamin E, making it a great source of the vitamin.
• Enriched almond milk is a strong source of calcium, providing 17% of the DV in a 3.5-ounce 100-gram dose.
• Since almond milk is dairy-free, it lacks the proteins that cause milk allergies. The prevalence of food allergy ranges from 0.5% to 3.5% of the population.
• After being peeled, the almond flour 57.4% fat, 22.5% protein, 4.75% moisture, and 9.7% fiber was ground and bought from a business.

Emerging Trends

• Rise in Plant-Based Alternatives: As more consumers switch to plant-based diets, almond-based products like almond milk, almond butter, and almond flour are gaining popularity. These alternatives offer dairy-free options while retaining the nutritional benefits of almonds, such as protein, fiber, and healthy fats.
• Increased Health Consciousness: Almond products are being increasingly recognized for their health benefits, including heart health, weight management, and improved digestion. As people become more health-conscious, the demand for almond-based snacks and ingredients is expected to continue growing, particularly in regions with high health awareness.
• Sustainability and Eco-Friendly Practices: Almond producers are adopting more sustainable farming practices to address environmental concerns. This includes water conservation techniques, sustainable farming methods, and efforts to reduce waste in almond processing, aligning with consumer preferences for environmentally responsible brands and products.
• Innovation in Product Offerings: Companies are continuously innovating with almond-based products, developing new flavors and varieties. Examples include almond-based yogurt, protein bars, ice creams, and even almond-based beverages, catering to evolving tastes and dietary needs, including keto and gluten-free diets.
• Growth in E-commerce Sales: The online sales of almond-based products are rapidly increasing, driven by the convenience of shopping and the rise of direct-to-consumer brands. E-commerce platforms provide consumers with access to a wider range of almond products, facilitating global market reach and brand expansion.
• Expansion in Emerging Markets: While almonds are traditionally popular in North America and Europe, emerging markets in Asia and Latin America are witnessing increased adoption. Rising disposable incomes, urbanization, and a shift towards healthier eating habits are driving the demand for almond products in these regions.

Use Cases

• Vegan and Dairy-Free Alternatives: Almond milk is widely used as a substitute for dairy milk in various applications, including smoothies, baking, and coffee. It provides a lactose-free, plant-based option that caters to vegans, lactose-intolerant individuals, and those seeking a healthier alternative to traditional milk.
• Gluten-Free Baking: Almond flour is a popular ingredient in gluten-free baking. It is used in a wide range of products, including cakes, cookies, pancakes, and bread, offering a low-carb, high-protein alternative to traditional wheat flour, while also adding a nutty flavor and moisture to baked goods.
• Healthy Snacks: Almonds, almond butter, and almond snacks are increasingly used as on-the-go, nutritious snack options. Rich in healthy fats, protein, and fiber, they offer a satisfying snack for those seeking energy boosts or weight management solutions. Almonds are commonly found in snack bars, trail mixes, and protein snacks.
• Cosmetic and Skincare Products: Almond oil is a key ingredient in numerous skincare and cosmetic products due to its moisturizing and anti-inflammatory properties. It is commonly used in lotions, creams, shampoos, and lip balms, providing nourishment and hydration, especially for sensitive or dry skin.
• Athletic Nutrition: Almond-based products are being used in sports nutrition for their high protein and healthy fat content. Almond butter, almond milk, and almond protein powders are incorporated into pre- and post-workout shakes, providing athletes with energy and muscle recovery support due to their nutrient-dense profile.

Major Challenges

• Water Usage Concerns: Almond farming requires significant water resources, with approximately 1.1 gallons of water needed to grow a single almond. This has raised concerns in regions facing water scarcity, especially in California, which produces around 80% of the world’s almonds. Sustainable water management is a key challenge.
• Rising Production Costs: The cost of almond production is increasing due to factors such as labor shortages, high energy prices, and the rising cost of fertilizers. These cost pressures impact the overall pricing of almond products, which could limit affordability for consumers and reduce profit margins for producers.
• Environmental Impact of Packaging: As consumer demand for almond products grows, so does the need for sustainable packaging solutions. Traditional packaging materials like plastic and aluminum contribute to environmental waste. Developing eco-friendly packaging solutions that protect the product while reducing the environmental footprint is an ongoing challenge.
• Supply Chain Disruptions: The almond supply chain is highly susceptible to disruptions caused by climate change, natural disasters, and geopolitical issues. In recent years, wildfires, droughts, and transportation delays have impacted almond harvests and product availability, leading to price volatility and inconsistent supply.
• Competition from Other Nut Products: While almonds are a popular choice, they face intense competition from other nuts like cashews, walnuts, and pistachios. As consumer preferences shift, companies must innovate and differentiate almond products to maintain market share and meet evolving dietary needs.

Market Growth Opportunities

• Expansion in Emerging Markets: Almond products have significant growth potential in emerging markets such as Asia and Latin America. As these regions experience rising disposable incomes and increasing health consciousness, the demand for almond-based snacks, dairy alternatives, and ingredients is expected to grow rapidly in the coming years.
• Rising Vegan and Plant-Based Trends: With the global shift towards plant-based diets, almond products like almond milk, almond butter, and almond flour are gaining traction. This trend is expected to continue, with almond milk projected to capture more market share, particularly as vegan and dairy-free diets become more mainstream.
• Innovations in Product Development: There is substantial growth potential in developing new almond-based products that cater to niche markets, such as keto, gluten-free, and low-carb diets. Innovations like almond-based protein bars, snacks, and beverages can help capture diverse consumer preferences and expand market reach.
• Health and Wellness Focus: The growing consumer demand for natural and functional foods presents a major opportunity for almond products. With their high nutritional value, almonds offer health benefits such as heart health, weight management, and improved digestion, making them an attractive option for health-conscious consumers globally.
• Sustainable Farming Practices: With increasing consumer awareness around sustainability, almond producers can benefit from adopting eco-friendly farming practices, such as water conservation and organic farming. Brands that emphasize sustainability in their production processes are likely to attract more environmentally-conscious consumers, boosting market growth.

Recent Development

• Archer Daniels Midland Company is a leading player in the almond products sector, focusing on supplying almond ingredients for snacks, beverages, and baking. They provide almond-based products such as almond flour and almond butter, which are widely used in both commercial and consumer markets for their nutritional benefits.
• Barry Callebaut Group primarily known for its chocolate products, also incorporates almonds into its offerings, particularly in confectionery. The company has expanded its range of almond-based ingredients, providing high-quality almond inclusions, coatings, and toppings for the food industry, catering to both health-conscious and indulgent consumers.
• Blue Diamond Growers is one of the largest almond cooperatives in the world, producing a wide variety of almond products. They offer almond snacks, milk, flour, and butter. The company is recognized for its innovative almond-based solutions and sustainable farming practices, ensuring quality and environmentally responsible products.
• Borges Agricultural & Industrial Nuts specializes in providing almonds and other nuts for both retail and industrial markets. Their almond products range from raw almonds to processed goods like almond oil and flour. Borges focuses on health-conscious products, leveraging almonds for their heart-healthy benefits in various food categories.
• Döhler GmbH is known for producing natural ingredients, including almond-based products, primarily used in food and beverage sectors. They offer almond extracts, flavors, and functional ingredients that are incorporated into beverages, snacks, and dairy alternatives, meeting the growing demand for plant-based and clean-label products.
• Harris Woolf California Almonds is a key player in almond production, specializing in high-quality almonds grown in California. They offer a variety of almond products, including whole almonds, slivered almonds, almond butter, and almond flour, supplying both domestic and international markets with premium ingredients.
• John B. Sanfilippo & Son is a major supplier of nuts, including almonds, for the snack food industry. Their almond products, such as roasted and flavored almonds, cater to both retail and food service sectors, serving consumers seeking healthy snack options and ingredient solutions.
• Kanegrade Limited is a UK-based supplier of high-quality nuts and dried fruits, including almonds. They provide a wide range of almond products like whole almonds, sliced almonds, and almond paste, which are used in confectionery, bakery, and snack industries across Europe and beyond.
• Modern Ingredients offers a variety of almond-based products, such as almond flour and almond butter, serving the health food market. They focus on providing high-quality, allergen-free almond ingredients to meet the growing demand for gluten-free, plant-based, and health-conscious food options.
• Olam International Limited is a global supplier of agricultural products, including almonds. They are involved in the sourcing, processing, and distribution of almonds, offering almond snacks, flour, and oils to various industries. Olam is committed to sustainable sourcing practices and quality assurance.
• Repute Foods Pvt Ltd focuses on providing premium almond products, including almond butter, almond flour, and roasted almonds. The company caters to the growing health food trend, offering products that are free from artificial additives and preservatives, and emphasizing nutritional value in their offerings.
• Royal Nut Company is known for its wide range of nut-based products, with a strong focus on almonds. They offer almonds in various forms, including whole, roasted, and chopped, which are used in snacks, baking, and culinary applications. Their products are popular in both retail and food service markets.
• Savencia SA is a multinational company that, while primarily known for dairy, also offers almond-based ingredients like almond paste and milk alternatives. They serve the food processing industry, providing almond products for confectionery, bakery, and dairy-free product formulations.
• The Wonderful Company is one of the largest growers and marketers of almonds in the world, with its flagship brand, Wonderful Pistachios & Almonds. They offer a range of almond products, including roasted almonds and almond snacks, known for their high quality and sustainable farming practices.
• Treehouse California Almonds specializes in producing a variety of almond products, including raw, roasted, and flavored almonds. They focus on offering premium, high-quality almonds to the food service and retail sectors, with an emphasis on sustainability and traceability in almond production.

Conclusion

In conclusion, the Almond Products Market is poised for significant growth due to rising consumer demand for healthier, plant-based, and sustainable food options. With increasing awareness of the nutritional benefits of almonds, such as their high protein, fiber, and healthy fat content, products like almond milk, almond butter, and almond flour are gaining popularity across various consumer segments. The market’s expansion is further fueled by trends such as the rise in veganism, growing health consciousness, and a shift towards clean-label and natural products.

However, challenges such as water usage concerns, environmental impact, and rising production costs remain key factors that the industry must address. Despite these hurdles, opportunities abound in emerging markets, product innovation, and the adoption of more sustainable farming practices. As consumer preferences continue to evolve, companies that invest in product diversification, sustainability, and meeting health-conscious demands are likely to lead the market in the coming years.

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