Expanding Almonds Ingredient Industry at an 9.1% Annual Growth Rate by 2034
The global almond ingredients market is experiencing significant growth and is projected to continue expanding robustly through 2030 and beyond. This growth is driven by multiple factors across various industries, including food, beverage, nutrition, and personal care.
In 2024, Whole Almonds held a dominant market position, capturing more than a 37.8% share of the global almonds ingredients market. The market was valued at USD 12.2 billion in the same year.
One key driver of this growth is the increasing demand for natural, nutrient-dense ingredients. With rising health awareness and a preference for clean-label, natural products, almond ingredients are gaining popularity due to their association with heart health and high nutritional value.
Another factor contributing to market growth is the expansion of plant-based and specialty food products. Almonds are increasingly being used in plant-based dairy alternatives, confectionery, gourmet, and artisanal foods.
Innovation and improvements in cultivation and production methods are also playing a significant role in market growth. The adoption of drought-resistant almond cultivars, mechanized orchards, precision irrigation, and flavor extraction technologies have improved yield, quality, and supply consistency.
The global almonds ingredients market is also expanding into personal care and cosmetics, with almond oil and flavors valued for their natural aroma and appeal.
The Asia-Pacific (APAC) region held a dominant position in the global almond ingredients market in 2024, accounting for 42.9% of the total share. India has surpassed China and the EU as the largest importer of U.S. almonds, importing over 190,000 metric tonnes in the 2024-2025 marketing year. This growth is due in part to the elimination of retaliatory tariffs in mid-2023, which led to a 30% year-over-year value increase in U.S. almond exports to India.
Businesses can thrive in the market by innovating, leveraging e-commerce, and focusing on sustainability efforts to enhance market resilience. For example, Barry Callebaut has introduced almond-based inclusions for chocolates and confectionery, focusing on clean-label and organic options. Olam Food Ingredients (OFI) has strengthened its almond processing capabilities, offering customized solutions and investing in sustainable farming practices.
ADM and John B. Sanfilippo & Son (JBSS) have also expanded their almond ingredient offerings, focusing on sustainable sourcing and innovative applications. JBSS, under the Fisher Nuts brand, has introduced new flavored almond snacks and expanded its private-label almond ingredients, focusing on non-GMO and gluten-free options.
The USDA's 2024 export promotion programs allocated over USD 850 million to support specialty crops like almonds. Blue Diamond Growers has launched new almond milk varieties and snack almonds, promoting bee-friendly farming to support pollination sustainability.
Snacks held a dominant market position in 2024, capturing more than a 29.4% share of the global almond ingredients market. A 28-gram serving of almonds provides 6 grams of protein, 3.5 grams of fiber, 14 grams of mostly monounsaturated fat, and over 75 mg of calcium.
In summary, the global almonds ingredients market is growing steadily due to rising health awareness, innovative cultivation and processing techniques, expanding application scopes in foods and personal care, and favorable demographic and economic trends worldwide.
- The increasing adoption of technology in the cultivation and production of almonds, such as precision irrigation and flavor extraction technologies, is a significant factor driving growth in the global almond ingredients market.
- With businesses like Barry Callebaut and Olam Food Ingredients investing in sustainable farming practices and innovative applications, technology plays a crucial role in enhancing the quality, yield, and sustainability of almond products in the market.
