Almond Market Report 2025 (Global Edition)

Market Dynamics of Almond Market

Key Drivers of Almond Market

• Awareness about healthy food alternatives drives the growth of the almond market

The increasing demand for nutritional and health-based products plays an important role in the continuous increase in the number of almond-based products. Awareness among the population leads to a demand for almond milk, almond butter, and almond flour. Consumers are increasingly adopting healthy eating habits to prevent diseases. The growing health awareness and changing lifestyle are some of the major factors driving the demand for healthier products. The consumer loves their subtle flavor and crunchy texture, and manufacturers are responding by including almonds in an increasing number of products.

Add to this fact that almonds are nutritious and heart-healthy, a great source of key vitamins, minerals, and other nutrients; they deliver more calcium than milk and more protein than eggs per 8-gram serving. They are also a great source of fiber and their high levels of unsaturated and mono-saturated fat content promote heart health. The goodness and benefits of consuming almonds are not unknown. Since ages almonds are associated with boosting memory and are given to school-going kids and teens both. They are also said to keep a check on cholesterol levels, aid digestion, improve skin texture, detoxify the body, and provide energy to the body. 
(Source-https://timesofindia.indiatimes.com/life-style/food-news/tried-and-tested-benefits-of-eating-almonds-backed-by-studies/photostory/79061956.cms)

• Rapid increase in almond-based product launches by key players in the food & beverage market

Royal Nut Company, Califia Farms, and Blue Diamond (US) offer a broad range of almond products. The launch of new products through product line extension, innovation formulation, and novel packaging are various marketing strategies adopted by food & beverage manufacturers to meet consumer demand. These big players emphasize developing innovative products and continuously introduce new products in the global market. 
The world leader in almond production, the US, produces as much as 2 million tons of almonds each year. California produces about 80% of the world’s almonds and 100% of the U.S. commercial supply. Almonds are California’s #1 agricultural export where 65% of the crop is exported to more than 90 countries worldwide. Approximately. 20,02,742 tonnes of almonds are produced by the United States of America. Almonds are present in the diet of many countries and are widely consumed as snacks or used as ingredients in confectionery and bakery products. Hence almond is a major commodity across the world because its product contributes a large part to the food and beverages industry.

• Impact of social media to boost the almond market 

The rise of urbanization and the influence of social media have boosted the market of almonds globally. Social media creates awareness among the public and gives advantages of plant-based substitutes for a healthier lifestyle. Social media also focuses on sustainability factors while choosing dairy–free and vegan products in our diet. Hence consumer decisions are being influenced by social media that showcase the advantages of almond and almond-by-products like (almond milk, almond butter, almond oil, almond flour, etc) the demand for wholesome and environmentally friendly food options is growing, and this will likely lead to further global growth in the almond market. 
Hence, the market for almonds has grown at an exponential rate in recent years due to the rise of consumer awareness of the health advantages of plant-based substitutes by the rise of urbanization and the advancement of social media technology.

Restraints of Almond Market

• Climatic changes are major restraints in the almond market

Climate change can lead to shifts in the timing of seasons, including warmer winters, earlier springs, and hotter summers, and these conditions can disrupt the natural life cycles of pests which will damage the almond orchards. Growers may need to adapt their pest management strategies to address the impact of climate change on these pests.

For an almond tree to properly bud, it needs to go through a winter dormant period brought on and maintained by colder temperatures. Heat waves, drought and untimely rainfall can damage the almond orchards and that’s why it cannot be cultivated in tropical climates. During flowering, temperature below 24,8°F (-4°C) for half an hour and longer can cause serious damage, depending on the variety. So, the main causes that limit the production of the almond tree are radiative, thermal, and water stress in the Mediterranean growing region. These regions are characterized by a temperature and humid climate in the winter and a hot and dry climate in the summer.

• Substitute threats for the almond market are a restrain for coming years-

Multiple substitutes offer similar functionality to almonds and will pose a restraint to the demand for almonds. Alternatives in the form of raisins, apricots cashews, and others are used and are gaining popularity in the coming years

Market Opportunity in Almond Market

• Increasing demand in developing and underdeveloped countries 

Urbanization culture and the rise in standards of living have led to an increase in consumer buying behavior for healthier food substitutes. This scenario creates a huge opportunity for the almond market in developing countries an increase in the number of supermarket and retail stores and an increase in the trend of buying well-preserved foods. The shift in consumer preference is elevating the almond demand in the global market as the majority of the population today prefers healthy options.  This will be considered as huge opportunity for the vendors who are involved in the global almond market.
Additionally, almond products are also used in the cosmetic industry which supports the growth of the almond market. Almond oil plays a significant role in this industry as moisturizers, almond body oil, lotions, lip balms, facial cleansers, and scrubs. Almonds have properties like vitamins A, B, and E that provide hydration, which can help moisturize and smooth skin, hair, and nails.
Another reason for the increase in demand for almonds is, that a large number of the population has been allergic to lactose, gluten-free, etc., which will increase the demand for milk substitutes. This lucrative opportunity for the market raises the demand for almond products like (almond milk, almond flour, etc.)

How did COVID-19 impact the almond market?

The almond market has experienced a significant impact as a result of the COVID-19 pandemic. With Chinese ports closed and the country on lockdown, the world’s 2nd largest buyer of California almonds is unable to receive new shipments. Almonds sellers looking to offload an excess of inventory may shift their sights back to the domestic market, where increased supply will drive down the price of products like almond milk and butter. Some of the largest manufacturers of the almond market worldwide such as – Blue Diamond, Wonderful Almonds, and Spycher Brothers have faced revenue loss in COVID-19. Additionally, the pandemic has disrupted supply chains, leading to manufacturing production and distribution challenges. In this scenario, major manufacturers with diverse customer bases, the ability to adapt to production fluctuation, and strong financial capabilities are likely to be the primary beneficiaries, as they can navigate through prolonged periods of uncertainty. The impact of the COVID-19 pandemic on almonds, like nearly every commodity, is extremely complicated and largely unknown at this point, though some observations can be made. The ongoing research considers the changes in consumer behavior, supply chain distribution, and government interventions caused by the pandemic.

recent development

• On May 29, 2024, Blue Diamond Growers, a farmer-owned cooperative and the world’s largest almond marketer and processor, announced the launch of Ranch Flavored Almonds.

• 1 Jun 2023 — Two of Cambodia's leading F&B and Hospitality groups have announced they have merged - with Thalias and Almond joining forces. This acquisition has enabled Almond to accomplish a bigger vision to further its customer reach as well as a formidable force to be reckoned with in the culinary scenes; one that we believe can be better achieved with another reputable hospitality brand like Thalias.

With the help of the above study about the almond market, it can be concluded that the almond market will be glorified in upcoming years due to awareness among the population about healthier plant-based food. From the report, one can understand and interpret the market dynamics, segmentations, trends, opportunities, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.

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