Global Almond Protein Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2023 - 2033
Almond Protein is a type of plant based protein sourced from almonds that is highly regarded for its nutritional value and adaptability in different uses. In 2023 the market size, for Almond Protein was estimated at USD 4.2 billion and is expected to reach USD 7.2 billion by 2030 and USD 10.5 billion by 2035 with an annual growth rate of 7.9% CAGR.
The growing desire among consumers for plant based and allergen free protein options has led to the rise in the use of protein in various food items as well as drinks and personal care goods and services. Its environmental friendliness and positive effects on health make it a key component, in responding to dietary and lifestyle shifts.
Market Key Insights
- The Almond Protein market is projected to grow from $4.2 billion in 2023 to $9.0 billion in 2033. This represents a CAGR of 7.9%, reflecting rising demand across Food & Beverages, Personal Care Products and Nutritional Supplements.
- The market leaders Blue Diamond Growers and Orgain and Now Foods drive the competitive dynamics of this market segment.
- U.S. and Germany are the top markets within the Almond Protein market and are expected to observe the growth CAGR of 5.1% to 7.6% between 2023 and 2030.
- Emerging markets including Brazil, Vietnam and South Africa are expected to observe highest growth with CAGR ranging between 9.1% to 10.9%.
- The market expansion of Almond Protein will reach $600.0 million through 2030 because of the transition toward organic almond protein.
- The Almond Protein market is set to add $4.8 billion between 2023 and 2033, with manufacturer targeting Nutritional Supplements & Personal Care Products Application projected to gain a larger market share.
- With Demand for plant-based proteins, and Health and wellness trends, Almond Protein market to expand 114% between 2023 and 2033.
Opportunities in the Almond Protein
The development of almond protein based items like, on the go drinks and health conscious foods broadens the markets scope.
Growth Opportunities in North America and Europe
North America Outlook
In North America the Almond Protein market is thriving thanks to the interest in plant based proteins for food and supplements with industry leaders such as Blue Diamond Growers and Orgain pioneering innovative products, in the region.
Europe Outlook
Europes market scenario stands out prominently due to the increasing consumer demand for protein options thatre both allergen free and sustainable, in nature. Germany and the UK play roles in propelling growth within this region.
Market Dynamics and Supply Chain
Driver: Demand for Plant-Based Proteins, and Versatility in Applications
Increased consumer knowledge regarding the advantages of almond protein. Including its gluten free and allergy friendly properties, is also driving its growing popularity.
Restraint: High Production Costs, and Competition from Alternative Proteins
Almond protein faces competition from other plant based proteins, like pea and soy protein.
Opportunity: Emerging Markets and Sustainability Focus
Almond protein supports the global shift towards environmentally friendly and sustainable food production by appealing to consumers who prioritize eco conscious choices.
Challenge: Allergen Concerns
Supply Chain Landscape
Blue Diamond Growers
Orgain
Now Foods
Sunwarrior
Food Manufacturers
Dietary Supplement Producers
Cosmetics Companies
Blue Diamond Growers
Orgain
Now Foods
Sunwarrior
Food Manufacturers
Dietary Supplement Producers
Cosmetics Companies
Applications of Almond Protein in Food & Beverages, Personal Care Products & Nutritional Supplements
Almond protein is commonly found in plant based milk and snacks because of its benefits and mild taste profile. Top companies such, as Blue Diamond Growers and Orgain offer food items made with almonds.
In the field of supplements almond protein is appreciated for its amino acid composition and hypoallergenic qualities which makes it a great choice for protein powders and shakes. Now Foods and Sunwarrior are among the contenders, in this industry.
Almond protein is commonly added to beauty products for its hydrating and skin healing benefits by companies such, as Natures Gate and Weleda in their skincare and haircare lines.
Recent Developments
Blue Diamond Growers introduced an almond flour that is high, in protein specifically designed for baking purposes.
Now Foods launched an almond protein powder aimed at those who are passionate, about fitness.
Sunwarrior collaborated with a beverage company to develop shakes that are ready to drink and made from almond protein.