North America Region is Expected to Dominate the Almond Flour Market During the Forecast Period
Changing
consumer preferences and growing consumer knowledge of the health benefits of
consuming almond products is expected to drive the demand of the almond flour
market globally.
According to
TechSci Research report, “Almond Flour Market – Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2017-2027F.” the global almond flour
market is expected to grow due to factors like the fact that end products like
almond flour bread and cookies, which are moderately consumed by the general
public, strongly encourage consumers to switch from other flour-based products.
In addition, macroeconomic factors such as consumer spending and rising
disposable income are expected to contribute to the specialty retail industry's
expected erratic growth. The demand for ready-to-eat foods that contain nut
flour increases along with the working population. Almond flour is becoming more
and more popular in the area. Additionally, the rise in people with gluten
sensitivity and allergies is driving to grow the almond flour industry and
ensures that the price of almond flour is kept low.
New products on
store shelves are made with ingredients such as flour derived from almonds. At
this stage of the market's development, almond flour processors focus on
marketing and promotions because doing so is essential for raising consumer
awareness. Since consumers are still learning about almond flour's health
benefits, many market participants opt to use instructional marketing
techniques.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on the "Global Almond Flour Market"
The global almond
flour market is segmented based on product type, nature, application, end-use, distribution
channel, region, and competitive landscape. Based on type, the market is
segmented into natural and blanched. Among these, the blanched almond flour product
type is expected to dominate the market during the forecast period as it
contains both oils and fats and has a rough, granular texture. Blanched
almond flour won't contain any almond skin because the almond's skin is removed,
which is what it means to be blanched. Almond flour that has been blanched is
gluten-free, high in protein and fiber, and low in carbohydrates. Almond is a calcium-rich food, which is also good
for lowering cholesterol and heart health. It is one of the best options for
healthy baking flour because it is made with only pure almonds. Owing to its
silky, refined, and fluffy texture, blanched almond flour is primarily used in
baking. Almond flour that has been blanched is lighter and much better than
other flours for baking.
On the basis of nature,
the market is segmented into organic and conventional. Among these, the organic
segment is expected be the fastest growing during the forecast period. Almonds
that have been blanched and stripped of their skin are ground into a powder to
create conventional almond flour. As a result, most market participants use
traditional flour of almond to supply to various food and beverage, bakery, and
other industries. Conventional almond flour is thought to be more
nutrient-dense than whole almond and grain flour. Additionally, it aids in
weight loss and the fight against inflammation. Conventional farmers grow the
crops in large quantities and sell them to consumers at low prices due to the
low production costs.
Based on application, the global
almond flour market is segmented into bakery, confectionery, cosmetics, and
others. Among these, the bakery segment is expected to dominate the market
during the forecast period. A variety of baked goods, including muffins, cakes,
and bread that are light, fluffy, and flavorful without having all the carbs
from wheat-based products, are made with almond flour. Additionally, it can be
used to thicken sauces or to add more protein to smoothies. Almond flour's low
glycemic index is its primary advantage over other kinds of grains or starches
(GI). Almond flour is also a component of pastries that offer a healthy balance
of carbohydrates and fat to enhance the nutritional value of a diet for those
with diabetes or high cholesterol.
Based on end-user, the market
is segmented into residential and commercial/industrial. Among these, the commercial/industrial
segment dominated the global almond flour market owing to increased investments
in commercial spaces such as airports, hospitals, hotels, and restaurants,
among others. On the basis of distribution channels, the market is segmented
into offline and online. Among these, the online segment is expected to be the
fastest growing during the forecast period. One of the key factors boosting
sales through the online channel is the change in consumer shopping habits. Due
to growing consumer preferences, businesses have begun to offer their products
online. Owing to benefits such as easy shopping anytime & anywhere,
doorstep delivery, secure payment options, and discount offers, consumers are
encouraged to choose the online distribution channel.
On the basis of
region, the market is segmented into North America, Europe, Asia-Pacific,
Middle East & Africa, and South America. Among these, North America held the
largest market share in the global almond flour market. The increase in demand
for convenience foods like bakery goods, snacks, noodles, and pasta is
primarily responsible for the market growth in this area. The need for
ready-to-eat food products that contain almond flour rises as the working
population's rate rises. This, in turn, leads to the demand for almond flour in
the region. The market for almond flour is also supported by the increase in
people who have allergies and gluten intolerance.
Key market
players operating in the Almond Flour market include:
- Ekowarehouse Ltd.
- Hodgson Mill
- Rolling Hills Nut Company
- Wellbees
- Blue Diamond Growers
- Honest to Goodness
- Bob's Red Mill Natural Foods, Inc.
- Treehouse California Almonds, LLC
- Nature's Choice Food.
- Grain-Free JK Gourmet
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“The increase in chocolate
and candy producers is one of the main factors expected to fuel the growth of
the almond flour market during the forecast period. Furthermore, it is expected
that the expanding bakery sector will further fuel the market's expansion for
almond flour. It is also expected that the growing consumer awareness regarding
the benefits of eating healthy food will further drive the market growth. Additionally, the increase in urban
population, rising standard of living, and changing lifestyle are expected to present
additional potential growth opportunities for the almond flour market.” Said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Almond Flour Market, Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Product Type (Natural Vs. Blanched), By Nature (Organic Vs.
Conventional), By Application (Bakery, Confectionery, Cosmetics, Others), By
End Use (Residential Vs. Commercial/Industrial), By Distribution Channel
(Offline Vs. Online), By Region, By Competition, has
evaluated the future growth potential of almond flour globally and provides statistics and information on market structure,
size, share, and future growth. The report provides cutting-edge market
intelligence and helps decision-makers to make sound investment decisions.
Besides, the report also identifies the emerging trends along with essential
drivers, challenges, and opportunities present in the global almond flour market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com