Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Global Almond Market” that contains information from 2019 to 2035.
The Almond Market is estimated to register a CAGR of 4.51% during the forecast period of 2024 to 2035.
MRFR recognizes the following companies as the key players in the Global Almond Market — include Blue Diamond growers, Treehouse California Almonds LLC, Barry Callebaut, Royal Nut Company, Olam Group Limited, Harris Woolf Almonds, Almondco Australia, Borges Agricultural & Industrial Nuts, Select Harvest Limited, and Mariani Nut Company.
Almond Market Highlights
The Almond Market is estimated to register a CAGR of 4.51% during the forecast period and is estimated to reach USD 39,288.85 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.51% during the forecast Million by 2035.
The global Almond Market has experienced significant expansion over the past decade, driven by increasing consumer interest in plant-based and health-oriented products. Almonds are processed into a wide range of products including milk, flour, oil, butter, and paste, which are used across food and beverage, personal care, pharmaceutical, and animal feed industries. The market reflects changing dietary habits, rising awareness about nutritional benefits, and growing preference for natural and clean-label ingredients. This report provides a detailed analysis of the Almond Market, incorporating both qualitative trends and quantitative metrics to evaluate opportunities, challenges, and future growth prospects across regions and segments. The global almond market is significantly affected by the broader economic environment, especially GDP trends, inflation, and currency fluctuations. In 2025, patchy economic recovery in North America and Europe, persistent inflation in emerging Asian and African markets, and currency devaluations in key importing countries have led buyers to recalibrate purchasing strategies and negotiate shorter supply contracts. The almond industry faced an intense turn of events in 2025. A 23% surge in global almond supply, increasing it to 1.79 million tons happened simultaneously with a new wave of tariffs from significant global economies including the U.S., EU, and China, disrupting trade routes. This affected key almond producing regions, California, which provides 80% of the almond supply globally, nearly sold out, while Australia exported more almonds than it produced. In Spain, heavy rainfall waterlogged the orchards, and buyers were left recalculating landed costs across the globe.
Segment Analysis
Based on category, the global almonds market is segmented into organic and conventional categories, reflecting varying consumer preferences and production practices. In terms of global almond production and consumption, the conventional category can be described as an important fraction of total almonds. Conventional almonds are produced by conventional farming methods, which usually include the extensive use of synthetic fertilizers, pesticides, and other agrochemicals to maximize yield and protect them from pests and diseases. Being the most available one at an economical price, it also provides scalability of production, thus reaching many thousands of consumers and companies engaged in the food business.
On the basis of Application, the Global almonds market is segmented into food & beverage, Cosmetics & Personal Care, Pharmaceuticals, Animal Feed. Food and Beverages section is expected to drive the almonds market globally, mostly due to the rising concern of consumers leaning more towards health and nutrition through plant-based ingredients. The use of almonds within different product forms is high due to their rich nutritional profile, featuring protein and fiber content, high vitamin E levels, and valuable fats. The greater variety of the segment goes into snacks, which include raw, roasted, salted, or seasoned almonds, which can easily be considered quick and healthy snacking options.
On the basis of technology, the Global almonds market is segmented retail, e-commerce, wholesale bulk, and direct-to-consumer. There is a growing demand trend among consumers for such healthy, natural, and plant-based food products. Retail segments are then becoming the major source for the distribution of almonds around the world. Well-acknowledged for their nutritional benefits and versatility, almonds gain momentum across a growing number of retail storefronts worldwide in many different formats, catering toward end consumers and providing convenience, accessibility, and variety. E-commerce makes an admirable attendance for consumers to compare prices, read about the items, and just order right from their abode.
On the basis of product Type, global almonds market, which are classified based on their food, beverage, cosmetic, and industrial applications. Some of these are whole, sliced, diced, roasted, salted almonds, almond flour, almond butter, almond paste, and almond milk for the health-conscious consumer. Other niche products or blends of almonds available under the "Others" segment are supportive of the trend to innovate and be sustainable. Consumer understanding of clean-label and functional drinks is, thus, very key in determining the momentum of growth in the almond milk bracket of products Organic almonds are cultivated according to agricultural practices focusing on the well-being of the environment, soil life, and human well-being. Use of pesticides, herbicides, synthetic fertilizers, and genetically modified organisms is strictly forbidden.
Regional Analysis
The global Almond Market accounted for USD 24,184.27 Million in 2024 and is projected to grow at a CAGR of 4.51% during the forecast period. Global market is further segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa.
North America boasts an almond market that is both mature and fully developed. In terms of domestic demand, almond consumption is very high, and the production base is globally significant. North America and, most particularly, the state of California, have a major share of the global market as far as almonds are concerned. California produces more than 80% of the total almonds in the world and more than 30 different cultivars of almonds, although just 10 are economically important for commercial production. Almonds find application in a multitude of food categories, including dairy alternatives, bakery, beverages, and ready-to-eat snacks.
Further, Prominent changes have been witnessed in the European almond market during the recent seasons owing to erratic import trends, common production challenges in countries, and changing trade dynamics. In the 2023/2024 season, almond imports into the EU decreased greatly, signalling a correction of the market and limitations on the supply side. As of the current season, approximately 120,215 metric tons of almonds worth EUR 477 million (USD 515 million) have been imported into the EU, over 20% lower than the previous season's 152,713 metric tons worth EUR 620 million (USD 670 million). This marks the lowest import volume in five years and the lowest import value in twelve years, which is significant in indicating the slowdown of sourcing from external sources.
Additionally, The APAC region is growth is further supported by government policies such as China’s National New Energy Vehicle (NEV) mandate and India’s Motor Vehicles (Amendment) Act, which emphasize driver safety features. Growing urbanization and expanding commercial vehicle fleets further fuel demand for real-time driver status solutions to enhance safety and reduce accidents.
Therefore, the demand and the growth of drive monitoring systems are increasingly experienced in South America, which is affected by the rising interest in road safety, the changing regulatory requirements and the modernization of the transport fleets of both the government and the private enterprises.
Key Findings of the Study
- The Global Almond Market is expected to reach USD 39,288.85 Million by 2035, at a CAGR of 4.51% during the forecast period.
- The North America region accounted for the fastest growth in the global market.
- On the basis of Application, the Global Almond Market Food & beverage, segment was attributed to holding the largest market in 2024.
- Blue Diamond growers, Treehouse California Almonds LLC, Barry Callebaut, Royal Nut Company, Olam Group Limited, Harris Woolf Almonds, Almondco Australia, Borges Agricultural & Industrial Nuts, Select Harvest Limited, and Mariani Nut Companyare the key market players.