Almond Protein Market
The market for Almond Protein was estimated at $4.2 billion in 2023; it is anticipated to increase to $7.2 billion by 2030, with projections indicating growth to around $10.5 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Almond Protein Market Outlook
Revenue, 2023
$4.2B
Forecast, 2033
$9.0B
CAGR, 2024 - 2033
7.9%
The Almond Protein industry revenue is expected to be around $4.9 billion in 2024 and expected to showcase growth with 7.9% CAGR between 2024 and 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.
- Blue Diamond Growers, Orgain, Now Foods are among the leading players in this market, shaping its competitive landscape.
- 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%.
- Transition like Shift Towards Organic Almond Protein is expected to add $352 million to the Almond Protein market growth by 2030.
- The Almond Protein market is set to add $4.8 billion between 2023 and 2033, with manufacturer targeting Nutritional Supplements & Functional Ingredients 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
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.
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
01
Driver: Demand for Plant-Based Proteins, and Versatility in Applications
The rising trend of vegan and vegetarian diets is also fueling the need, for protein as a sustainable source of protein. Almond proteins are also widely utilized in food items well as beverages and personal care products. This versatile application has also contributed significantly to the growth of the market.
Increased consumer knowledge regarding the advantages of almond protein. Including its gluten free and allergy friendly properties, is also driving its growing popularity.
02
Restraint: High Production Costs, and Competition from Alternative Proteins
The cost of extracting and processing almond protein is quite high which can make it less affordable, for consumers.
Almond protein faces competition from other plant based proteins, like pea and soy protein.
03
Opportunity: Emerging Markets and Sustainability Focus
The increasing focus on health and the rising interest in plant based protein options within emerging nations offer prospects, for companies that produce almond protein.
Almond protein supports the global shift towards environmentally friendly and sustainable food production by appealing to consumers who prioritize eco conscious choices.
04
Challenge: Allergen Concerns
Despite its low allergy potential. Being considered hypoallergenic in nature. Almond protein might not be the option for those, with particular nut allergies. This could affect how widely it is accepted in the market.
Supply Chain Landscape
1
Component Supplier
Blue Diamond GrowersOrgain
2
System Integrator
Now FoodsSunwarrior
3
End-User Industry
Food ManufacturersDietary Supplement ProducersCosmetics Companies
1
Component Supplier
Blue Diamond GrowersOrgain
2
System Integrator
Now FoodsSunwarrior
3
End-User Industry
Food ManufacturersDietary Supplement ProducersCosmetics Companies
Use Cases of Almond Protein in Food & Beverages & Personal Care Products
Food & Beverages : 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.
Nutritional Supplements : 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.
Personal Care Products : 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
Recent advancements in the Almond Protein market feature the introduction of Blue Diamond Growers’ flour product launch and Now Foods’ debut of protein powder as well as Sunwarrior’s collaboration on a new beverage line up showcasing the industrys increasing focus, on innovation and collaboration.
October 2024 : Blue Diamond Growers introduced an almond flour that is high, in protein specifically designed for baking purposes.
July 2024 : Now Foods launched an almond protein powder aimed at those who are passionate, about fitness.
March 2024 : Sunwarrior collaborated with a beverage company to develop shakes that are ready to drink and made from almond protein.
Impact of Industry Transitions on the Almond Protein Market
As a core segment of the Packaged & Processed F&B industry,
the Almond Protein market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Organic Almond Protein and Focus on Functional Foods have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Almond Protein market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Organic Almond Protein
Consumers increasing interest in natural products is fueling the market demand, for organic almond protein.
02
Focus on Functional Foods
The growing utilization of protein, in specialized health focused food products is changing the landscape of the market.