Blanched Almond Flour Holds over 50% Market Share
By the end of 2019, more than half the almond flour market revenues will be accounted by blanched almond flour owing to greater awareness about its health benefits over the natural counterpart. Although both the forms represent a similar nutrition profile, the former is finer, lighter, smoother, and fluffy in texture.
Blanched almond flour is thus used in a wide array of food products that target a health-conscious consumer cluster. This trend has been compelling almond flour manufacturers to differentiate their offerings as fine blanched and extra fine blanched almond flour.
Europe Makes up for 1/3rd of Total Almond Flour Sales
High awareness about health benefits of consuming almond products such as almond milk and almond flour accounts for Europe’s primacy in global almond flour market. Notable expansion of the vegan trend and wide availability of gluten-free products across the European Union will remain the prime booster to Europe’s market that currently holds around a third of total almond flour sales.
Several European farmers are interested in replacing their traditional sunflower and wheat fields with almond orchards, which would be an excellent factor driving sales of almond flour and related products in the near future. Western Europe will particularly see the sales ramp up in bakery, along with in products such as dairy-free spreads and sauces.
Manufacturers Unlocking Opportunities in Dietary Supplements
In contrary to conventional grain flours, almond flour is low-carb, high-protein and rich in fiber and healthy fats. High magnesium and Vitamin E content accounts for its solid functionality in blood glucose regulation.
Moreover, escalating demand for plant-based or vegan, and allergy-free protein ingredients is further translating into amplifying sales of almond protein. The growth of dietary supplements industry will thus augur well for almond flour market, as manufacturers of almond flour have been discovering multiple windows of opportunities in the dietary supplements market. Between 2019 and 2028, this adoption is poised to rise at a robust rate of over 8%.
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How Growth will Unfold
Compared to household and foodservice sectors, the industrial sector exhibits remarkable opportunistic potential for the almond flour market players. A majority of almond flour consumption by industrial sector is accounted by bakery, followed by products such as sauces and spreads.
While demand for almond flour to be used in bakery products currently represents more than half the total sales within industrial sector, increasing demand as a key ingredient in gluten-free bakery premix and other similar convenience products would further accelerate sales. This trend will continue throughout the forecast period.
ALMOND FLOUR MARKET TAXONOMY
- Cosmetic Industry
- Dietary Supplements
- North America
- Latin America
- Western Europe
- Eastern Europe