Almond Market
Report ID: SQMIG30H2333
Report ID: SQMIG30H2333
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Report ID:
SQMIG30H2333 |
Region:
Global |
Published Date: January, 2025
Pages:
191
|Tables:
93
|Figures:
71
Global Almond Market size was valued at USD 12.7 billion in 2024 and is poised to grow from USD 13.64 billion in 2025 to USD 24.15 billion by 2033, growing at a CAGR of 7.4% during the forecast period (2026-2033).
The global almond market is experiencing significant growth driven by increasing health consciousness, consumer awareness about nut’s health benefits, increasing demand for plant-based alternatives, and growing application in food and beverages industry. Almonds are also increasingly popular at a mass level not just as a snack item but as a principal component of a huge array of industries ranging from dairy substitutes, confectionery, bakery, and cosmetics. The trend is also fueled by changing eating habits like veganism and gluten-free. Firms are increasingly bringing out more products to meet increasing demands for value-added and organic almond foods. Besides, world trade trends and favorable climatic conditions in major production zones continue to favor supply, and hence almonds remain a keystone of world health-aware food trends.
The global almond sector has experienced widespread technological development to facilitate efficiency, sustainability, and quality of the product throughout the value chain. Energy-efficient pumps and solar irrigation systems now prevail in almond cultivation and substantially reduce the level of electricity consumed and carbon footprint. The wastewater treatment facilities in the processing factory recycle water with plenty of nutrients for use in orchards, minimizing environmental pressures and lowering freshwater consumption. In addition to that, farmers are also using drip irrigation with real-time observation of soil moisture content, which enables precise watering and an extremely high level of water-use efficiency in areas with drought.
How is Artificial Intelligence Transforming the Global Almond Market?
Artificial Intelligence (AI) is revolutionizing the global almond industry by creating processes efficient, boosting productivity, and boosting sustainability efficiency in the value chain. AI technologies assist farmers in keeping crops healthy through image recognition, detecting pests early, and planning harvesting seasons to optimize them. Through processing, AI sorts, grades, and tests quality automatically with higher speed and precision. AI-driven predictive analytics enhance yield and supply chain planning prediction. They reduce wastage, lower operating costs, and maintain quality output. Altogether, AI technology is facilitating the almond farmers to provide a better response to the market need and environmental pressure.
In July 2024, Farmonaut launched its JEEVN AI satellite farm intelligence platform specifically for California almond farmers. Its platform uses AI and satellite imagery to monitor soils' health, predict disease and pest infections, schedule irrigation optimization automatically, and produce yield forecasting. It offers farmers real-time recommendations that enhance water conservation, reduce chemicals, and facilitate sustainable orchard management. Almond farmers are being supported by AI-powered advisory platforms to react more constructively to the environment and markets.
Market snapshot - 2026-2033
Global Market Size
USD 6.13 Billion
Largest Segment
Raw Almond
Fastest Growth
Roasted Almond
Growth Rate
6.1% CAGR
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Global Almond Market is segmented by Product Type, Processing Type, Application, Distribution Channel and region. Based on Product Type, the market is segmented into Whole Almonds, Almond Kernels, Sliced/Chopped Almonds, Almond Flour & Powder and Almond Paste & Butter. Based on Processing Type, the market is segmented into Raw, Roasted and Blanched. Based on Application, the market is segmented into Confectionery & Bakery, Dairy & Beverages, Snacks, Personal Care and Pharmaceutical. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online Retail and Direct Trade. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
How is the Raw Almond Dominating the Global Almond Market?
Based on the global almond market forecast, raw almond dominates the industry due to its versatility, and widely used as a healthy snacking option, and as basis ingredient in variety of food processing application in various industries. Raw almonds are more popular among consumers due to minimal processing, high nutrition, and lack of additives. Raw almonds are utilized as a raw ingredient in foods like almond butter, almond milk, energy bars, and confectionery food in the food and beverage industry. Their growing application in plant foods and clean-label applications also contribute to demand. In addition, raw almonds are also in demand from bulk buying groups and processors because they can simply be roasted, seasoned, or ground and therefore become essential in retail and industrial applications.
Roasted almonds are growing at a faster rate in the global almond industry. It gains impetus from higher consumer demand for delicious, nutritious snack options. Dry roasting retains flavor and crunch while preserving nutritional integrity; healthy and active lifestyles are reflected by this demand. Consumers remain in search of new flavor profiles-cum-contributing factors such as honey-roasted, spicy chili, and garlic taste-through changing consumer tastes. Therefore, both upscale snacking channels and conventional retail are posting sturdy growth in roasted almond products globally.
Which Application Segment is Dominant in the Global Almond Market?
Food and beverage is the largest application segment in the global almond market. Almonds are one of the leading ingredients in most foods—almond milk and cream to bakery, confectionery, energy bars, and milk substitutes. The flavor, nutrient profile, and application of almonds make them an exemplar product across most food categories. While consumers more and more turn to plant-based, clean-label, healthier alternatives to foods, almonds remain the front runner on product innovation and consumer trend.
The cosmetics and personal care industry is currently the top growth application category for almonds. In the skincare and haircare products, almond oil, almond extract, and almond butter are used due to their moisturizing, nourishing, and antioxident properties. Almond-derived products are being incorporated in creams, serums, shampoos, and wellness products by companies targeting clean-beauty and natural-ingredient trends. With increased consumer awareness of botanic ingredients, almond derivatives are driving high-rate growth in the market space for beauty and personal care.
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What key Factors are Driving North America to become the Dominant Region in the Global Almond Market?
As per the global almond market analysis, North America holds a significant share in the industry, driven by strong domestic demand, integrated processing infrastructure, and growing consumption of processed and convenience foods in the region. North America takes the lead with large-scale production of almonds, and mainly in California alone that produces most of the world's almonds. The area has favorable channels of exports, agricultural technology, and robust supply chain strengths. Besides this, rising health awareness and demand for plant foods and foods with nutrients also fuel demand further. Also, North America having several of the globe's largest almond processors and food giants makes it a key part of the market dynamics.
US Almond Market
America has a premier leadership role in the global almond market with the supply of nearly 80 percent of world supplies from its hub, California, due to favorable Mediterranean climatic conditions and advanced farming practices. Being a developed hub nation, America has well-developed processing units from orchards to packhouses that enable effective value-added production and strong export chain networks. In the domestic front also, US almonds are supported by strong local demand that is driven by growing health awareness and vegetable-based food demand.
Canada Almond Market
Although Canada does not commercially produce almonds, it is becoming the fastest-growing market for almond consumers in North America. Increased consumer demand for health, shift towards plant-based foods, and increased retail demand for convenience and almond foods fuel Canadian almond demand growth. More and more Canadian consumers increasingly demand imported varieties of almonds, i.e., roasted, unsalted, and no-oil, fueling food processing and retail industry growth in Canada.
How is Asia Pacific Contributing to the Growth of the Global Almond Market?
Asia Pacific is growing at a faster rate in the market because of the increase in health awareness, urbanization, and food pattern changes in emerging economies. The key trends driving the global almond market in the region are functional snacking foods, clean-label foods, and plant protein demand. Cosmetics and food & beverages have high consumption growth in India, Japan, and China. Increasing middle-class consumer bases and preventive healthcare interest also boost Asia Pacific almond market growth.
Japan Almond Market
Japan leads the Asia-Pacific almond market because of established importing infrastructure, strong purchasing power on the part of consumers, and extensive recognition of almonds as a healthy food item. With constant confectionery, bakery, and beverage market demand for almonds, Japan is a premium consumption and top importer of almonds. Its established retailing market, strong food-processing infrastructure, and preference for nuts in new and conventional diets are propelling its dominance.
South Korea Almond Market
The South Korean almond market is growing at a faster rate in the Asia-Pacific region, with increasing health awareness and increased consumption of almonds in contemporary diets and snack foods. Almond importation is increasing at a fast pace to meet consumer consumption of roasted, flavored, and convenience form almond food. Increasing in dessert parlors, cafes, and snack food retailing is among the causative reasons for driving consumption development. Because of Korean consumption of plant foods and functional foods, almonds' consumption is increasing at a very high speed.
How is Europe Playing its Role in the Development of the Global Almond Market?
Europe is one of the key regions of global almond market growth through its strong import infrastructure, changing consumer trends, and growing demand for clean-label, healthy food ingredients. The almond market regional outlook shows a return to nature trend of clean-labeling and healthy snacking, driving almond demand via food, beverage, and cosmetic applications. Due to the strong food processing industries and rising vegan population, countries such as Germany, UK and France are seeing market growth. Sustainably grown products and better almond-based developments are also driving forces that enhance Europe's market position.
Germany Almond Market
Germany is the leading European almond market as Europe's biggest consumer and importer. Germany is Europe's leading importer by shipment and thus a key destination for processing of products, process and retailing, and industrial use, specifically dairy-alternative, bakery, and confectionary use. Consumers' purchasing behavior is influenced by a greater emphasis on health, sustainability, and plant food intake, and German retailers also positively endorse almonds as a healthy, quality alternative snack food.
France Almond Market
France is growing at a faster rate in the market, which is being driven by increasing need for foods manufactured with almonds like almond milk, almond flour, and snack foods. There is extremely high demand among French consumers for almonds in standard diets and in premium food uses with growing plant-based diets and clean-label trends. Almond imports are up—reflecting higher use in bakery, confectionery, and milk alternative applications. These trends underpin France's increasingly growing marketplace.
Italy Almond Market
Italy is an emerging player in the European almond market, with growing consumption due to both traditional and modern food applications. Almonds are incorporated into even more sweets, including amaretti, local specialties, and meatless foods. Production is limited in the domestic sector, but Italian food processing industry, as well as the developing health-oriented consumption pattern, are creating imports and utilization. Everything elevates demand and makes Italy an emerging growth market with huge potential for demand expansion to be met.
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Almond Market Drivers
Increasing Health and Wellness Awareness
Expanding Application in Food and Beverages Industry
Almond Market Restraints
Volatile Raw Material Prices
Trade Barrier and Export Regulations
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The global almond market outlook is highly competitive, due to the increasing consumer demand, health consciousness among consumer, and expanding application across food, beverages and cosmetic industries. Also, competition is driven by presence of key players like Blue Diamond Growers, Wonderful Pistachios & Almonds, Spycher Brothers, Waterford Nut Co, California Gold Almonds, Harris Woolf California Almonds, and Panoche Creek Packing. Market competitive forces are being pushed by large-scale producers and new regional producers attempting to respond to developing consumer needs. Competitors are focusing on product innovation, eco-friendly manufacturing, and internationalization of manufacturing networks to compete successfully. Organic foods, value-added almond food products, and customized processing solutions are being used more and more to differentiate. Additionally, the processors are combining the processing capacity with branding investments in order to meet the premium markets and create long-term customer loyalty.
As per the global almond industry analysis, the startup ecosystem in the market is emerging, driven by growing demand for clean label, plant-based nutrition, innovative almond based products, and growing applications in natural cosmetics and personal care. Startups are keen to leverage shifting consumer demand for functional foods, transparency, and sustainability. Startups are producing value-added almond food products like dairy alternatives, energy bars, almond flour, and organic cosmetics on a positive note. Startups are adopting green packaging, sustainable buying, and direct-to-consumer. With specialty market targeting and wellness-driven needs, startups are contributing significantly towards reshaping the almond value chain and innovating in global markets.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global almond industry is experiencing dynamic growth driven by increasing health consciousness, consumer awareness about nut’s health benefits, increasing demand for plant-based alternatives, and growing application in food and beverages industry. Firms are increasingly bringing out more products to meet increasing demands for value-added and organic almond foods. Artificial Intelligence (AI) is revolutionizing the global almond industry by creating, processes efficient, boosting productivity, and boosting sustainability efficiency in the value chain.
Regions such as North America and Asia Pacific lead the global almond market. The market also benefits from strong competition and emerging startups due to increasing consumer demand, health consciousness among consumers, expanding applications across food & beverages and cosmetic industries. The startup ecosystem in the market is emerging, driven by growing demand for clean label, plant-based nutrition, innovative almond based products, and growing applications in natural cosmetics and personal care. As industries prioritize clean-label formulation, product innovation, localized flavour, and convenient almond product, the demand for almond will continue to accelerate, shaping the future of the global almond market revenue.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 12.7 billion |
| Market size value in 2033 | USD 24.15 billion |
| Growth Rate | 7.4% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Almond Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Almond Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Almond Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Global Almond Market size was valued at USD 6.13 Billion in 2023 poised to grow to from USD 6.5 Billion in 2024 to USD 10.30 Billion by 2032, growing at a CAGR of 6.1% in the forecast period (2025-2032).
The global almond market outlook is highly competitive, due to the increasing consumer demand, health consciousness among consumer, and expanding application across food, beverages and cosmetic industries. Also, competition is driven by presence of key players like Blue Diamond Growers, Wonderful Pistachios & Almonds, Spycher Brothers, Waterford Nut Co, California Gold Almonds, Harris Woolf California Almonds, and Panoche Creek Packing. Market competitive forces are being pushed by large-scale producers and new regional producers attempting to respond to developing consumer needs. Competitors are focusing on product innovation, eco-friendly manufacturing, and internationalization of manufacturing networks to compete successfully. Organic foods, value-added almond food products, and customized processing solutions are being used more and more to differentiate. Additionally, the processors are combining the processing capacity with branding investments in order to meet the premium markets and create long-term customer loyalty. 'Blue Diamond Growers (USA)', 'Wonderful Pistachios & Almonds (USA)', 'Spycher Brothers (USA)', 'Waterford Nut Co (USA)', 'California Gold Almonds (USA)', 'Harris Woolf California Almonds (USA)', 'Panoche Creek Packing (USA)', 'Select Harvest (Australia)', 'Mariani Nut Company (USA)', 'Western India Cashew Company (India)', 'Harris Family Enterprises (Finland)', 'Patrocinio Lax (Spain)', 'Sran Family Orchards (USA)', 'Western Nut Company (USA)', 'Chico Nut Company (USA)'
Consumers are adopting healthy living at a rapidly growing rate and therefore requiring more nutrition-rich foods like almonds. Almonds because of their antioxidant, fiber, and protein contents are very popular among sportspersons, weight controllers, and lifestyle disorder patients like diabetes and cardiovascular diseases, which further fuels the global almond market growth. Also, it is extensively promoted by it because almonds are incorporated into health-focused product lines like breakfast cereals, snack bars, and fortified beverages and promoted by nutritionists.
Growing Popularity of Green Label and Natural Products: Clean label trend is boosting consumer demand for consumer-distilled, transparent, and natural almond-based products. Almonds are perceived to be wholesome and healthy and hence ideal for food, beverage, and cosmetics clean label usage. The trend compels the companies to offer easy-to-consume ingredients, do away with artificial additives, and offer organic or non-GMO almond products that correspond to shifting customer interest and wellness trends globally.
What key Factors are Driving North America to become the Dominant Region in the Global Almond Market?
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