Global Almond Flour Market Overview:
Almond flour is made from the almonds, which is blanched by removing skins and turns into the fine texture. It is considered as a go-to ingredient for gluten-free and for the low carb baked goods. It defines as the perfect solution which suits for the gluten-free diet, it provides nutrients that lack in another type of flour such as fiber, calcium, iron, and protein. It is considered as a lighter flour for which is adopted by the bakery products. Some of the key players profiled in the study are Hodgson Mill (United States), Treehouse Almonds (United States), Grain-Free JK Gourmet (Canada), WellBees (United States), Nature's Eats (United States), Nature’s Choice (South Africa), Bob's Red Mill (United States), Oh! Nuts (United States), NOW Foods (United States) and Honeyville, Inc. (United States).
On the basis of geography, the market of Almond Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Gluten-Free will boost the Almond Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand of Alternative to Traditional Wheat Flour
- High adoption by the high blood pressure patients, because it is low in carbs and high in healthy fats and fiber. Its properties such as a low glycemic index which means it releases sugar at a slower rate into the blood that provides a sustained source of energy. It also contains a high amount of magnesium.
- High Availability of Substitute Products-Such As Coconut Flour
- Rising Health-Related Concern in Developed Regions
- High Presence of Almond Flour
- It Contains High Range in Inflammatory PUFAS
Major Market Developments:
In Oct 2019, Olam announced to acquire Hughson Nut to enhance its product portfolio related to the almond ingredients. HNI considered in the top five almond processors whole nuts and value-added ingredients. And they are also focusing on enhancing in Australia and Vietnam.
In Sep 2019, Simple Mills announced the launch of the Almond Flour Bars, which is moist, nutrient-dense and crunchy. It is available in various flavors such as dark chocolate almond, chunky peanut butter, nutty banana bread, and others.
The global almond flour market is highly competitive and consists of some market-leading players. With respect to the market share, some of the key players are highly dominating the global market. These leading market players are focusing on strategic collaborative initiatives to enhance the market share and improve their profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Almond flour Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Almond Flour market on the basis of product [Natural Almond Flour, Blanched Almond Flour and Others] , application [Bakery, Chocolate and Confectionery, Cosmetic and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Almond Flour market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Almond Flour industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are King Arthur Flour (United States), Food to Live (United States) and Blue Diamond Growers (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Almond Flour market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.