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 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.

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

United States - Producer Price Index by Commodity: Farm Products: Almonds was 390.48600 Index Dec 1991=100 in June 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 August of 2025.

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 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.

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

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.

In 2024, after two years of growth, there was decline in the Indian almond market, when its value decreased by -1.7% to $987M. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $1B in 2023, and then declined modestly in the following year.

The Greek almond market expanded significantly to $211M in 2024, with an increase of 6.7% against the previous year. In general, consumption, however, continues to indicate a slight reduction. Over the period under review, the market reached the peak level at $274M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

The Europe almond market declined to $1.8B in 2024, shrinking by -7.5% against the previous year. The total consumption indicated modest growth from 2012 to 2024: its value increased at an average annual rate of +1.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +7.5% against 2022 indices. As a result, consumption attained the peak level of $2.3B.

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.

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.

Access North America Almond Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, Application, Distribution Channel

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

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Almond Kernels Market Size 2024-2028

The almond kernels market size is forecast to increase by USD 3.98 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing consumer awareness about the health benefits associated with these nuts. Rich in protein, fiber, and healthy fats, almond kernels are a popular choice for health-conscious individuals. Additionally, the rising trend of online distribution platforms is contributing to the market growth, making almond kernels more accessible to consumers worldwide. However, stringent government regulations on supplying almond kernels, particularly in terms of quality and safety, pose challenges to market players. Ensuring compliance with these regulations can be costly and time-consuming, but failure to do so can result in penalties and damage to brand reputation. Overall, the market is expected to continue growing, driven by consumer demand for healthy snacks and the convenience of online purchasing.

What will be the Size of the Almond Kernels Market During the Forecast Period?

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The market is driven by the increasing demand for Tree Nuts, particularly Prunus dulcis or Almonds, due to their rich Vitamins and nutrients. Almonds are obtained from the Almond Tree and are widely used in various industries such as Food and Beverages, Cosmetics, and Baking and Confectionery. The market for Almond Kernels includes various products like Almond Milk, Almond Flour, Almond Butter, Biscuits, Chocolates, Ice Cream, and Almond Oil. The demand for Almond Kernels is influenced by the Vegan trend and the Gluten-free market. Almonds are used as Substitute Nuts for people with nut allergies and are also preferred by Vegans.
The market for Almond Kernels includes Green Almonds, Shelled Almonds, and Inshell Almonds. The distribution channels for Almond Kernels include Online Retail, Supermarkets, Hypermarkets, Specialty Stores, and Departmental Stores. The Food & Beverage industry, particularly the Bakery and Confectionery sectors, is the largest consumer of Almond Kernels. The market for Almond Kernels is expected to grow significantly due to the increasing popularity of Almond Milk and the rising demand for Gluten-free and Vegan products.

How is this Almond Kernels Industry segmented and which is the largest segment?

The almond kernels industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Application

  Food and beverage industry
  Cosmetics and personal care industry
  Bakery and confectionery industry


Geography

  North America

    US


  Europe

    Italy
    Spain


  APAC



  Middle East and Africa



  South America

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The global market for Almond Kernels, derived from the Prunus dulcis tree, holds significant value due to their rich nutritional profile and versatility in various food and beverage applications. Almond kernels are a valuable source of Vitamins and nutrients, including Vitamin E, magnesium, and fiber. These tree nuts are widely used in producing almond milk, flour, butter, biscuits, cosmetics, and baked goods. The offline segment dominates the market, with distribution through supermarkets and hypermarkets accounting for a substantial share. These channels enable consumers to examine the product, check for packaging defects, and verify expiration dates before purchase, enhancing consumer confidence.

In developing economies like India and China, where almond kernels are popular snack options, offline sales are particularly significant. The growing vegan trend and the demand for non-dairy alternatives to dairy milk further boosts the market, with almond kernels being a preferred substitute. Almond oil, used in cooking and cosmetics, and almond-based products like ice cream, chocolates, and gluten-free baked goods, also contribute to the market's growth. The distribution channels include online retail, supermarkets, hypermarkets, specialty stores, and departmental stores. Bakers and confectioners are major consumers of almond kernels. The increasing popularity of natural ingredients and the anti-inflammatory and medicinal properties of almonds further fuel market growth. Green almonds and shelled almonds are other forms of almond kernels gaining traction in the market.

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The offline segment was valued at USD 4.15 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is es

Access europe Almond Industry Overview which includes Europe country analysis of (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe), market split by Type, Nature, Application, Distribution Channel

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 global raw almonds market is a dynamic sector experiencing robust growth, driven by increasing consumer demand for healthy snacks and the rising popularity of almond-based products like almond milk, almond butter, and confectionery. The market's expansion is further fueled by the growing awareness of almonds' nutritional benefits, including high protein content, fiber, and essential vitamins. While precise market sizing data was not provided, considering the presence of major players like Archer Daniels Midland, Olam International, and Barry Callebaut, and the significant presence of almond-producing regions like California, a reasonable estimate for the 2025 market size could be placed in the range of $5-7 billion USD. Assuming a CAGR (Compound Annual Growth Rate) of, for example, 5%, this suggests a substantial increase in market value over the forecast period (2025-2033). Key trends shaping the market include the increasing adoption of sustainable farming practices, a growing focus on traceability and transparency in the supply chain, and the development of innovative almond-based products to cater to evolving consumer preferences. Constraints to growth include fluctuating almond yields due to climate change and water scarcity in key growing regions, potential price volatility linked to supply and demand imbalances, and competition from substitute products. Segmentation of the market likely encompasses various factors such as almond type (e.g., California, non-California), processing methods, and end-use applications. The competitive landscape is marked by the presence of both large multinational corporations and smaller regional players, highlighting the market's diversity and potential for both established players and new entrants.

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.