The almond ingredients market comprises a wide variety of almond-based products such as whole almonds, almond milk, flour, and pieces used across multiple industries. With the rising demand for plant-based and dairy-free alternatives, food manufacturers are turning to almond ingredients to develop innovative products for vegan and health-conscious consumers. Furthermore, the almond's high protein, healthy fat, and vitamin E content have made it a preferred choice in sports nutrition and functional food industries.
Almond Ingredients Market Outlook by Expert Market Research
Fuelled by a surge in clean-label demand and plant-based preferences, Expert Market Research reveals that the almond ingredients market is undergoing significant growth and innovation. With rising consumer interest in health-conscious eating, almond-based ingredients like flour, milk, and nut butters are becoming pantry staples across households globally. The market’s size, estimated at USD 12.40 Billion in 2024, underscores its expanding reach and relevance in modern food production. As almond ingredients continue to replace conventional dairy and gluten products, industries from bakery to ready-to-eat cereals are rapidly reformulating offerings to meet evolving dietary needs and sustainability goals.
Almond Ingredients Market Size
In 2024, the global almond ingredients market size was valued at USD 12.40 Billion. The significant demand for almond-based products in both developed and emerging economies has driven this market upward. Increased consumer awareness around natural, non-GMO, and dairy-free alternatives is propelling the shift toward almond ingredients. The market's growth is also supported by the expansion of almond cultivation, particularly in California, which is responsible for over 80% of global almond production. As a result of these factors, the market is poised for continued expansion in the coming years.
Almond Ingredients Market Trends
Several key trends are shaping the almond ingredients market. First, there is a major shift toward plant-based diets, which has boosted the consumption of almond milk, flour, and nut butters. Second, clean-label products—those with fewer, recognizable ingredients—are becoming more popular, leading brands to reformulate recipes using almonds. Additionally, technological advancements in processing have led to enhanced shelf life and texture of almond-based ingredients, making them more adaptable for commercial production. The premiumization of snacks and an increased focus on health and wellness have also pushed almond ingredients into the spotlight.
Market Opportunities and Challenges
The almond ingredients market offers abundant opportunities for innovation, especially in the health food and dairy alternative sectors. Increasing demand for gluten-free, keto-friendly, and plant-based diets is paving the way for new product development. However, there are significant challenges, including the high water footprint of almond cultivation and price volatility due to weather-dependent harvests. Moreover, the availability of alternative plant-based ingredients like oats, soy, and coconut poses competitive pressure. Companies that can address sustainability concerns while maintaining product quality will likely gain a competitive edge.
Segmentation of the Almond Ingredients Market
Market Breakup by Type:
- Whole Almonds
- Almond Pieces
- Almond Flour
- Almond Milk
- Others
Market Breakup by Application:
- Bakery and Confectionery
- Milk Substitutes and Ice Creams
- Nut and Seed Butters
- RTE Cereals
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Almond Ingredients Market Growth
The almond ingredients market is experiencing strong growth as health-driven consumers continue to adopt natural, functional foods. The market is benefiting from rising demand for almond milk, a popular dairy alternative, and almond flour, preferred in gluten-free baking. The growing prevalence of lactose intolerance and dairy allergies also supports this trend. In addition, rapid urbanization, increasing disposable incomes, and the rise of e-commerce are enabling wider access to premium almond-based products. With food service providers and restaurants increasingly offering almond-based options, the future growth trajectory remains robust and dynamic.
Almond Ingredients Market Forecast (2025–2034)
The global almond ingredients market is projected to grow at a CAGR of 10.50% during 2025–2034, reaching a value of USD 33.65 Billion by 2034. This optimistic forecast reflects the rising use of almond products across applications—from plant-based beverages to protein bars and baked goods. Advancements in food technology, improved shelf life, and a wider variety of product offerings are contributing to market acceleration. Strategic partnerships, product innovation, and investments in sustainable farming practices are expected to further boost growth in the coming decade.
Competitor Analysis
Key players in the almond ingredients market are focusing on product innovation, sustainable sourcing, and global expansion to strengthen their market position. These companies are leveraging advanced processing technologies and marketing strategies to capture a broader customer base and cater to evolving dietary trends.
Olam International Limited – A major global supplier with focus on traceable and sustainable almond ingredient sourcing.
Barry Callebaut Group – Offers premium almond-based ingredients primarily for confectionery and culinary applications.
Blue Diamond Growers – Known for innovative consumer and industrial almond products with a global footprint.
Kind LLC – Focuses on healthy snacking products using almonds as a key ingredient.
Archer Daniels Midland Company (NYSE: ADM) – Provides almond ingredients for large-scale food and beverage manufacturers.
John B. Sanfilippo & Son, Inc. – Specializes in a wide variety of nut-based ingredients including almonds.
Borges Agricultural & Industrial Nuts, S.A. – Offers organic and conventional almond ingredients for global distribution.
Almondco Australia Ltd – Key supplier of high-quality Australian almonds and processed products.
Others – Includes several regional and niche players focused on innovation and sustainability.
