Market Research Report
North America Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form, Nature, and End User
|North America Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form, Nature, and End User|
Published: November 18, 2020
The Insight Partners
Content info: 71 Pages
Delivery time: 1-2 business days
North America region comprises developed and developing countries such as the US, Canada, and Mexico. North America is likely to account for a remarkable share of the almond flour market during the forecast period. Consumers in countries such as the US and Canada are shifting their preferences toward a healthy lifestyle and prefer products that provide health benefits. Rising health consciousness among the consumers has further facilitated the uptake of gluten-free products in the region. Almond flour offers numerous health benefits. For instance, almond flour is a good source of iron, Protein, Manganese, Magnesium, vitamin, and other nutrients. Almond flour product manufacturing companies in North America are continuously enhancing their product portfolio to meet the customers' demand. Several market players are launching fortified product variants with improved fiber content to cater to the evolving requirements of the consumers.
Market Overview and Dynamics
The almond flour market in North America is expected to grow from US$ 352.33 million in 2019 to US$ 669.14 million by 2027; it is estimated to grow at a CAGR of 8.7% from 2020 to 2027. Almond flour refers to almond nuts that has been ground and sieved to a certain particle size. It is mainly made from blanched almonds that lacks the dark flecks of skin. It is the most widely used nut product and is often used to make premium pastries, cookies and sweet goods like almond macaroons. As the nuts are not ground to uniform sizes, the almond flour is sometimes coarser. It is sold in well stocked supermarkets, grocery stores as well as online. It can also be made at home. Almond flour has recently become famous and is used in baking items for consumers who prefer low-carbohydrate diets. It provides moisture and rich nutty taste to the baked goods. The items made using almond flour tend to be calorie- dense.
COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the almond flour market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
In terms of form, the blanched segment accounted for the largest share of the North America almond flour market. In 2019 In terms of nature, conventional held the largest market share in 2019. In terms of end user, food and beverages sector accounted for the largest share of the North America almond flour market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America almond flour market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are King Arthur Flour Company Inc., Alldrin Brothers, Anthony's Goods, Hodgson Mill Inc., Rolling Hills Nut Company Inc., Shiloh Farms, Treehouse California Almonds, LLC., Blue Diamond Growers, and Bob's Red Mill Natural Foods
Reasons to Buy Report
Understand the North America almond flour market landscape and identify segments that are most likely to guarantee a strong returnStay ahead of the race by comprehending the ever-changing competitive market landscape in North AmericaEfficiently plan mergers and acquisitions, and partnership deals in the North America almond flour market by identifying market segments with the most promising probable salesTake knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segmentsObtain market revenue forecast for market by various segments for the period 2019-2027North America Almond flour Market Segmentation
North America Almond flour Market, by Form
North America Almond flour Market, by Nature
OrganicConventionalNorth America Almond flour Market - by End User
FoodserviceFood and BeveragesCosmetic IndustryDietary SupplementsOthersNorth America Almond flour Market - by Country
King Arthur Flour Company Inc.Alldrin BrothersAnthony's GoodsHodgson Mill Inc.Rolling Hills Nut Company Inc.Shiloh FarmsTreehouse California Almonds, LLC.Blue Diamond Growers Bob's Red Mill Natural Foods
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Scrutinize in-depth North America market trends and outlook coupled with the factors driving the almond flour market, as well as those hindering it.
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