Almond Flour Market Size is anticipated to Record a Valuation of USD 1,624.12 Million in 2027 | The Insight Partners

The almond flour market was valued at US$ 877.95 million in 2019 and is projected to reach US$ 1,624.12 million by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.The report highlights key factors driving the growth of the market and prominent players along with their developments in the market.

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The List of Companies - Global Almond Flour Market
• King Arthur Flour Company Inc.
• Alldrin Brothers
• Anthony's Goods
• Hodgson Mills
• Oleander Bio, SA
• Rolling Hills Nuts Company Ltd.
• Shiloh Farms
• Treehouse California Almonds, LLC.
• Blue Diamond Growers
• Bob's Red Mill Natural Foods

Almond flour is the widely used nut product in making premium pastries, cookies, and sweets, such as almond macaroons. Almond flour recently gained traction in the baking industry due to growing preference toward low-carbohydrate diets among the health-conscious consumers.

It enhances the nutritional profile of the baked product as it is a good source of fat, protein, fiber, vitamins, minerals, manganese, and antioxidants. Further, the flour is rich in monounsaturated fats that helps in keeping cholesterol level under control, thereby lowering the risk of heart diseases. With its low glycemic index, almond flour helps in managing sugar levels in people suffering from diabetes. It is also rich in prebiotic dietary fiber that promotes digestive health.

Therefore, rising inclination toward healthy lifestyle and growing incidences of diabetes, cancer, and other diseases are among the factors driving the growth of the almond flour market. Also, the increasing consumption of protein-rich flour products is bolstering the growth of the market.

The COVID-19 pandemic was first reported in Wuhan, China, in December 2019. As of October 2020, the US, Brazil, India, Russia, Peru, South Africa, Mexico, and the UK were among the worst-affected countries in terms of confirmed COVID-19 cases and reported deaths.

The outbreak is adversely affecting economies and industries in various countries due to lockdowns and travel bans. Food &beverages is one of the major industries suffering serious disruptions such as shutdown of offices and factories and restrictions on supply chain. Consequently, the demand for almond flour across the world has significantly declined over the last few months.

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