The Asia-Pacific almond flour market is anticipated to grow at a CAGR of 8.5% during the forecast period owing to a rise in demand for bakery & confectionery food products and a surge in consumer awareness toward clean label products and healthy ingredients. Moreover, the adoption of the western lifestyle and the rise in disposable income is anticipated to drive the growth of the market. Furthermore, an increase in the affluence of middle-income groups has created scope for customized bakery products such as cakes & pastries, cookies, and others. It is one of the largest markets for almond flour. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the almond flour market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth.
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The Asia-Pacific almond flour market is segmented based on application, distribution channel, and form. Based on the application, the almond flour market is segmented into food and beverages, cosmetics, dietary supplements, and others. The distribution channel segment includes direct sales (offline) and indirect sales (online). Based on form, the almond flour market includes blanched almond flour and unblanched almond flour.
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The Asia-Pacific almond flour market is studied across China, India, Japan, and the Rest of Asia-Pacific. In India, rolls and bread are witnessing increasing popularity as compared to traditional breakfasts, which reflects the strong potential of almond flour in this country. In addition, consumption of baked food in China is growing at a significant rate, due to improvements in the standard of living and economic growth. Thus, China possesses a high growth potential.
The almond flour market in Asia-Pacific is dominated by small local players. Some of the players in the Asia-Pacific almond flour market include Foodsterr PTE Ltd., Fruitri India, Garden Picks Food Manufacturing LLP, Lotte Confectionery, and Royal Nut Company, among others.
Market Segmentation
Asia-Pacific Almond Flour Market by Form
• Blanched Almond Flour
• Unblanched Almond Flour
Asia-Pacific Almond Flour Market by Application
• Food and Beverages
• Cosmetics
• Dietary Supplements
• Others (Household)
Asia-Pacific Almond Flour Market by Distribution Channel
• Direct Sales (Offline)
• Indirect Sales (Online)
Regional Analysis
• China
• India
• Japan
• Rest of Asia Pacific
Company Profiles
• Dietdelite Pvt. Ltd.
• Foodsterr PTE Ltd.
• Fruitri India
• Garden Picks Food Manufacturing LLP
• Green Habit
• Kitchiez (The Raw Factory)
• Lotte Confectionery
• Nanjing NutriHerb BioTech Co., Ltd.
• NutroActive
• Nuts & Berries India Pvt. Ltd.
• Organic Times
• Royal Nut Company
• Sattvic Goa LLP
• Urban Platter
• Weissmill
• Wellversed Health
• Wonderland Foods
• Xi'an XiaoCao Botanical Development Co., Ltd.
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