The global almond market declined modestly to $13.8B in 2024, standing approx. at the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $15.8B in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

United States - Producer Price Index by Commodity: Farm Products: Almonds was 357.33700 Index Dec 1991=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Almonds reached a record high of 463.60000 in November of 2014 and a record low of 93.30000 in December of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Almonds - last updated from the United States Federal Reserve on June of 2025.

Get the latest insights on price movement and trend analysis of Almonds in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The U.S. almond market declined to $6.5B in 2024, remaining constant against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Almond consumption peaked at $8B in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Almonds (WPU01190102) from Dec 1991 to May 2025 about nuts, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

The average almond export price stood at $4,902 per ton in February 2025, growing by 4.5% against the previous month.

According to Cognitive Market Research, the global almond market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2025 to 2031. The almond market is projected to witness a wide consumer base in developing countries, such as (Asia Pacific, North America, Europe, The Middle East & Africa, and South America.) • Detailed market segmentation analysis at a various level such as type, application, distribution, and region. • Detailed analysis of the factors that drive and restrain the almond market. • Current dominating region analysis and forecasted region analysis. • North America region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. • Overview of current market trends and opportunities in the almond market. • The almond milk type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years with a market size of USD XX billion in 2024.

Market Dynamics of Almond Market

Key Drivers of Almond Market

Increase in health and nutrition awareness is driving market growth

A key driver of growth in the global almond market is the increase in consumer awareness around health and nutrition, leading to a rise in demand for nutrient rich food options. Almonds are characterized by their high nutritional value and health benefits such as maintaining hearth health, weight management and cognitive function, leading to increased consumption, particularly among health-conscious consumers. 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.

RESTRAINTS

Fluctuating costs, especially those related to production and trade have a significant impact on the almond market. Almond production depends on various factors such as weather, water, labor and fertilizers. Fluctuations costs of such inputs directly impact the overall production costs, eventually leading to higher prices for consumers.

For instance, adverse weather conditions in California, the world’s largest almon producers are significantly impacting the American as well as global almond market. Since, India is a major importer of almonds from California, the rise in production will affect India and other importers significantly.

(Source: https://igrain.in/posts/almond-prices-rise-due-to-decrease-in-production) Introduction of almond market

Almonds are widely used as ingredients in manufactured goods, including cereal and granola bars, snacks, cake baking, coated chocolates, etc. The growing popularity of almond by-products leads to a rise in the market of products such as almond milk, almond oil, almond butter, and almond flour. These almond attributes are considered healthier alternatives to regular milk, flour, butter, chocolates, etc.The global market expansion is driven by increasing demand across various sectors, especially in the food and beverage industry, accompanied by the growing awareness of the health benefits of almonds, including their nutritional value. Almonds are increasingly being used in different forms such as whole almonds, almond pieces, almon flour, paste, oil, milk and extracts. The rise in veganism is further boosting demand for almond-based products as dairy alternatives. The growing preference for heathy and nutrient rich snack food is driving demand for almonds as a primary ingredient in cereals and granola bars.

The size of the Almond Market was valued at USD 10.12 Million in 2023 and is projected to reach USD 14.77 Million by 2032, with an expected CAGR of 5.55% during the forecast period. The almond market has seen significant growth over the past few years, driven by increasing consumer awareness of health benefits and rising demand for plant-based products. Almonds, known for their nutritional value, are rich in healthy fats, protein, fiber, vitamins, and minerals. They are often promoted for their heart health benefits, weight management properties, and potential to lower cholesterol levels, which appeals to health-conscious consumers. Almonds are available in various forms, including raw, roasted, sliced, and powdered, catering to diverse consumer preferences and culinary applications. They are commonly used in snacks, dairy alternatives, baked goods, and health foods, further boosting market demand. The rise of veganism and plant-based diets has also contributed to the popularity of almond milk and almond-based products as dairy substitutes. Recent developments include: June 2023: Blue Diamond partnered with Brightseed to discover the untapped health potential of nonpareil California almonds. Therefore, the increasing demand for almonds and initiatives taken in the country are anticipated to boost consumption., November 2022: Blue Diamond, one of the leading almond brands, launched two limited-edition flavors, namely Blue Diamond Snickerdoodle Flavored Almonds and Blue Diamond Peppermint Cocoa Flavored Almonds., January 2022: Keto-friendly launched two new flavors in its Krunchy Keto Bar line under its Good Good brand, which contains almonds, bananas, and coconut.. Key drivers for this market are: Rise in Percentage of Area Harvested Under Almond Cultivation, Demand for Healthy Snacking Options. Potential restraints include: Water Scarcity in Almond Producing Regions, Drop in the Prices of Almonds. Notable trends are: Inclination Toward Healthy Snacking Options.

In 2024, the Southeast Asian almond market increased by 4.8% to $22M, rising for the third year in a row after three years of decline. Overall, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $250M. From 2017 to 2024, the growth of the market remained at a somewhat lower figure.

The Almond Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

The China Almond Market Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Report Offers the Market Size and Forecast Based On Volume (Metric Tons) and Value (USD) for all the Above-Mentioned Segments.

In 2023, almond imports into Germany reduced to 1.1K tons, dropping by -10.6% against 2022.

In 2023, the global almond products market was calculated to be valued at US$ 8.2628 billion. The market is expected to reach approximately US$ 15.2484 billion by 2033, with a growing CAGR of 6.3% from 2023 to 2033.

Attribute	Details
Almond Products Market Value (2023)	US$ 8,2628 billion
Almond Products Market Anticipated Value (2033)	US$ 15,2484 billion
Almond Products Projected Growth Rate (2023 to 2033)	6.3%

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6.3% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Type Application Distribution Channel Region
Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Key Countries Profiled	United States of America Canada Brazil Argentina Germany United Kingdom France Spain Italy Nordics BENELUX Australia & New Zealand China India ASIAN GCC Countries South Africa
Key Companies Profiled	Archer Daniels Midland Company Olam International Limited Barry Callebaut Group Repute Foods Pvt Ltd Treehouse California Almonds Blue Diamond Growers The Wonderful Company John B. Sanfilippo & Son Borges Agricultural & Industrial Nuts Savencia SA Kanegrade Limited Modern Ingredients Royal Nut Company Döhler GmbH
Customization	Available Upon Request

The Moroccan almond market expanded to $385M in 2024, with an increase of 4.4% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2024: its value increased at an average annual rate of +5.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -4.1% against 2022 indices.

The global almond flour market attained a value of USD 1213.63 Million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 9.20% to reach USD 2926.26 Million by 2034.

4607 Global export shipment records of Almond with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Spanish almond market dropped to $1.3B in 2024, waning by -10.1% against the previous year. Over the period under review, consumption, however, recorded a tangible expansion. Over the period under review, the market hit record highs at $1.8B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

The global edible almonds market is experiencing robust growth, driven by increasing consumer awareness of almonds' health benefits and their versatility in various food applications. The market, currently valued at approximately $15 billion in 2025 (this is an estimated value based on typical market sizes for similar nut products and industry growth trends), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors, including rising disposable incomes in developing economies leading to increased consumption of premium food products like almonds, the expanding popularity of plant-based diets and snacks, and the increasing demand for convenient and healthy food options. The shelled almond segment holds a significant market share due to its ease of use and convenience, while the food processing application sector is witnessing rapid growth, driven by the increasing use of almonds in confectionery, bakery products, and nut butters. Key regional markets include North America and Europe, which currently dominate the global edible almond landscape due to established consumption patterns and robust agricultural production. However, Asia-Pacific is emerging as a significant growth driver, fueled by a burgeoning middle class and increasing adoption of Western dietary habits. While market growth faces potential restraints such as price volatility related to weather conditions and almond production fluctuations, along with concerns about potential allergens, these challenges are outweighed by the overall positive market outlook driven by strong consumer demand and ongoing product innovation. The significant market players listed, including Wonderful Pistachios and Almonds and Blue Diamond, are continuously investing in research and development to introduce innovative products and cater to evolving consumer preferences. This competitive landscape fosters innovation and ensures the market's steady growth trajectory.

The global almond ingredient market, valued at $14.10 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 9.07% from 2025 to 2033. This expansion is fueled by several key factors. The rising popularity of plant-based diets and the increasing demand for healthy and nutritious food products are significantly boosting consumption of almond-based ingredients across various food and beverage applications. Consumers are increasingly seeking alternatives to dairy and other traditional ingredients, leading to a surge in demand for almond milk, almond flour, and other almond-derived products. Furthermore, the versatility of almonds as an ingredient, suitable for both sweet and savory applications in bakery, confectionery, dairy, and snack food industries, contributes to market growth. Innovation in almond processing techniques, leading to improved product quality and shelf life, also plays a crucial role. Geographical expansion into emerging markets, particularly in Asia Pacific, further fuels this market's expansion. However, certain challenges may affect the market's trajectory. Fluctuations in almond production due to climate change and water scarcity can impact supply and pricing. Moreover, the high cost of almonds compared to other nuts or ingredients could limit market penetration, particularly in price-sensitive regions. Competition from other plant-based alternatives, such as soy or oat-based products, also poses a challenge. Despite these restraints, the overall market outlook remains positive, with ongoing innovation and consumer preference for healthy, plant-based options expected to drive sustained growth in the coming years. The market segmentation by type (whole almonds, almond pieces, almond flour, etc.) and application (bakery, confectionery, dairy, etc.) reveals significant opportunities for specialized product development and targeted marketing strategies within this thriving sector. Recent developments include: April 2024: Kagome Co. Ltd, a manufacturer and distributor of tomato-based food and fruit and vegetable juices, took over the production and distribution of Blue Diamond Growers, one of the largest global almonds marketers and processors in Japan. Blue Diamond intends to utilize Kagome’s market knowledge to increase sales and consumption of Almond Breeze - an almond milk brand in Japan., December 2023: Blue Diamond Growers announced a new addition to its selection of Almond Breeze products with the launch of Almond Breeze Original Almond & Oat Blend. Almond Breeze Original Almond & Oat Blend combines the flavor of California almonds with the creaminess of oat for dairy-free milk for any occasion. It has more calcium than dairy milk, fewer calories, and less sugar than other oat milk variants., January 2023: Califia Farms launched organic oat milk and almond milk made with just three simple ingredients: purified water, sea salt, oats/almonds, and no oils or gums. The brand designed the latest offerings to meet the needs of consumers seeking products with fewer ingredients.. Key drivers for this market are: Increasing Demand for Clean Label Products to Expand Application and Usage, Surge in Demand for Convenient On-the-go Snacking Options. Potential restraints include: Increasing Demand for Clean Label Products to Expand Application and Usage, Surge in Demand for Convenient On-the-go Snacking Options. Notable trends are: Application of Almond Ingredients in Bakery Industries Promoting Growth.

13270 Global import shipment records of Almond with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.