High functionality, nutritional content, and widespread availability offered by almond flour is anticipated to trigger market growth at an expected volume CAGR of approximately 7% through 2031. The global almond flour market is primarily benefitted from innovative product offerings by prominent and rising consumer demand for nutritional bakery products. Almond flour is one of the most commonly used food ingredients in households as well as the food processing industry. Utilization of almond flour is also rising as the home baking trend is picking pace across the globe.
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Global food and beverage manufacturers are expected to witness growing demand for gluten-free food, owing to changing consumer eating habits and increasing consumer inclination toward healthier products. Manufacturers are expanding in newer markets through the expansion of production capacities and strengthening distribution networks.
Rising snacking habits among consumers have also promoted the use of ingredients such as almond flour. Almond flour provides stability and good texture to snacks, along with essential nutrients.
Key Takeaways from Market Study
- The global almond flour market is set to witness substantial 2.2X volume growth over the forecast period of 2021 to 2031, owing to increased demand from food manufacturers and key players operating in the foodservice industry. Demand for both, blanched and natural almond flour, is on the rise for use in bakery and confectionery products.
- Developed regions of North America and Europe are expected to lead the global market with an approximate market share of more than 50%, owing to health-conscious trends and ability to spend more on premium and specialty products.
- The market is benefitted from several trends, including clean label, shifting consumer preference for organic and GMO-free products, health and wellness, and others.
- The outbreak of COVID-19 has had a significant impact on consumer behavior, changing how they live, what they eat, and how they purchase products. However, during lockdowns, home baking went up and positively impacted the sales of bakery ingredients. As such, the impact of COVID-19 on the market is expected to be moderate.
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Competitive Landscape
Key players manufacturing almond flour are emphasizing on new product development strategy to offer more and more innovative products on retail shelves. They are also focusing on different marketing and promotional strategies. Many are also opting for educational marketing regarding the health benefits of the almond flour.
- 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 demand for paleo, keto and gluten-free diets, and healthier food substitutes.
- In September 2019, Blue Diamond Growers announced the launch of its almond flour in the culinary aisle of major retailers nationwide. Major retailers include Amazon, Walmart, and few others across the globe. This product distribution strategy was developed to reach out to more potential customers in the retail industry.
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The latest Report released on Almond Flour Market Size, Share, Growth, Industry Trends, covers different industry elements and growth inclinations that help in predicting market forecast.
Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Almond Flour market outlook.
Request to Sample PDF Brochure: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-almond-flour-market Brief Overview on Almond Flour:Almond flour market is expected to reach USD 1,805.96 million by 2027 growing at a growth rate of 7.80% in the forecast period 2020 to 2027.
High in protein and full with the antioxidants almond flour is not only pleasing the taste buds but also delivering health benefits among the consumers.
This increment is completely followed in support by the germinating pool of vegan free and gluten intolerants population.
Important years considered in the study are:Historical year – 2010-2019; Base year – 2020; Forecast period– 2021 to 2027 List of Key Players Profiled in the study includes market overview, Market Share, business strategies, Development activities, and SWOT analysis:Rolling Hills Nut Company, Ekowarehouse Ltd., Hodgson Mill, WellBees.com, Honest to Goodness, Blue Diamond Growers, TREEHOUSE ALMONDS, Bob’s Red Mill Natural Foods, Grain-Free JK Gourmet, Honeyville, Inc, Nature’s Eats Inc, Nature's Choice What does the Report Provide?The market report offers a comprehensive analysis of various factors such as the key drivers, and restraints that are likely to impact the market growth in upcoming years.
The global gluten-free market surpassed US$ 5 Bn in 2020, indicating a wealth of opportunities for those market places that leverage the trend.
One such is the almond flour market, mainly driven by ready availability of almonds, and growing retail presence of the flour within the speciality flours category.
It is increasingly capturing space as a star ingredient of several vegan, and gluten-free product lines, which points to notable growth prospects of the almond flour market over the forecast period.
Get a Sample Copy of Almond Flour Market @ https://www.fairfieldmarketresearch.com/report/almond-flour-market/request-sample Blanched Variant Contributes More than Half Market Revenue In addition to foodservice industry, and domestic segment, almond flour is likely to discover new windows of opportunity in the industrial sector as well.
While bakery continues to top the charts in terms of consumption, segments like spreads, and sauces are projected to bring in a host of lucrative opportunities to the global almond flour market.
This dominance is particularly attributed to the exploding popularity of convenience products, especially those like bakery premixes in the gluten-free category.
The Global report entails the overall and all-encompassing study of the Almond Flour Market with all its relevant factors that might have an influence on the growth of the market.
This report is rooted in the methodical quantitative and qualitative evaluation of the global Almond Flour market.Furthermore, it also evaluates the most recent improvements while estimating the growth of the leading players Treehouse California Almonds Inc., Bob’s Red Mill Natural Foods, Nature’s Choice, Hodgson Mill Inc., Honest to Goodness, Blue Diamond Growers, Grain-Free JK Gourmet, Nature's Eats Inc., Honeyville, Others of the market.
The synopsis section comprises market dynamics entailing market restraints, drivers, trends, and opportunities trailed by pricing analysis and value chain analysis.Click Here To Access The Sample Report: https://www.syndicatemarketresearch.com/sample/almond-flour-marketThe report presents a demand for individual segment in each region.
It demonstrates various segments Conventional, Organic and sub-segments Household, Foodservice, Industrial of the global Almond Flour market.
Further, the report provides valuable data such as offerings, revenue, and a business outline of the prominent players in the Almond Flour market.
The Global report draws attention to a number of avenues for the expansion of the Almond Flour market in the projected period together with its latest trends.Read Detailed Index Of Full Research Study @:: https://www.syndicatemarketresearch.com/market-analysis/almond-flour-market.htmlIn addition, the Almond Flour market is also categorized based on the types of services or product, end user, application segments, region, and others.
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