Almond Extract Market Size - By Type, Application, Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Almond Extract Market Size

The global almond extract market size was valued at USD 1.3 billion in 2023 and is estimated to grow at a CAGR of over 4.2% from 2024 to 2032, driven by its versatile applications across the food and beverage, cosmetics, and personal care industries. In the culinary sector, almond extract is a popular flavoring for baked goods, confectioneries, and beverages, appealing to the demand for natural ingredients. Additionally, the personal care industry is increasingly using almond extract for its nourishing and aromatic properties in skincare and haircare products, aligned with the shift toward plant-based, clean-label formulations.
 

Growth trends show a rising consumer preference for organic and natural extracts, driven by health-conscious and eco-aware consumers. Expanding e-commerce channels further support this growth, providing easier access to a wider range of almond extract products across regions.
 

For instance, the 2024 California Almond Objective Measurement Report published by the U.S. Department of Agriculture’s National Agricultural Statistics Service (USDA-NASS) estimates that the crop harvested in 2024 will come in at 2.80 billion meat pounds. This supports the almond extract industry by ensuring ample raw material supply, stabilizing prices, and enabling manufacturers to meet rising demand across food, beverage, and personal care sectors. This high yield aligns with the growing preference for natural, plant-based ingredients.
 

Almond Extract Market Trends

The almond extract industry is experiencing notable growth trends driven by consumer demand for natural and plant-based ingredients across various industries. In the food and beverage sector, almond extract is increasingly preferred for flavoring in baked goods, desserts, and specialty beverages, aligning with the trend for clean-label products. Additionally, the cosmetics and personal care sectors are utilizing almond extract for its aromatic and nourishing properties, appealing to eco-conscious consumers who prioritize sustainable, nature-derived formulations. Organic and non-GMO certifications have gained importance as health-conscious buyers seek transparency and purity in ingredients.
 

Furthermore, the rapid expansion of e-commerce platforms is making almond extract products more accessible globally, encouraging market growth across regions and consumer demographics.
 

Almond Extract Market Analysis

The almond extract industry is expanding as consumers increasingly favor authentic, plant-derived flavors and ingredients. Growth opportunities are particularly strong within the health and wellness sector, where almond extract’s rich nutrient profile and natural aroma enhance its appeal in functional foods, premium beverages, and artisanal products. A primary growth driver is the rise in home baking and cooking, driven by consumers seeking unique flavors for customization.
 

Additionally, almond extract’s natural, allergen-free appeal bolsters its use in clean beauty and personal care, tapping into the rising demand for transparent, ethical ingredients. The shift toward organic products and rising global interest in minimally processed, natural ingredients reinforce demand, especially as consumers seek quality and purity in product offerings.
 

The almond extract market from pure almond extract segment was valued at USD 849.6 million in 2023, and it is anticipated to expand 4.3% of CAGR during 2024-2032, due to its intense flavor, high-quality concentration, and natural appeal, making it highly favored across baking, confectionery, and beverage applications. As consumers increasingly seek authentic, clean-label ingredients, pure almond extract stands out for its lack of additives or artificial components.
 

Additionally, the rising preference for plant-based and natural ingredients boosts its demand, particularly among health-conscious and vegan consumers. Its strong, versatile flavor profile allows minimal quantities to enhance recipes, solidifying its market dominance as a cost-effective yet premium choice for both commercial and home culinary use.
 

The almond extract market from food & beverage segment dominated around USD 716.9 million in 2023 and gained 4.3% CAGR from 2024 to 2032, driven by growing consumer demand for natural and plant-based flavors. Almond extract’s versatile flavor enhances various products, including baked goods, beverages, confectioneries, and dairy alternatives. With increasing health-consciousness, consumers favor almond extract for its minimal processing and natural origin over synthetic alternatives.
 

Additionally, its compatibility with plant-based and gluten-free recipes aligns with rising dietary trends, expanding its application in both traditional and innovative culinary products. The demand from artisanal bakeries, gourmet beverages, and premium packaged foods further strengthens the food and beverages segment’s leading position in the market.
 

The almond extract market from offline retail segment reached USD 841.8 million in 2023 and gained 4.1% CAGR through 2032, due to its established presence in supermarkets, specialty stores, and health food outlets. Consumers often prefer the tactile experience of shopping in-person, where they can evaluate product quality and variety firsthand.
 

Additionally, offline retailers benefit from effective merchandising strategies, allowing them to showcase almond extract in various culinary contexts. The ability to engage customers through personalized service and expert recommendations further strengthens offline sales. Furthermore, promotional activities and in-store tastings can drive impulse purchases, enhancing the overall shopping experience and contributing to the segment's dominance.
 

U.S. almond extract market held over USD 280.2 million in 2023 and expected to grow at a 4.2% CAGR till 2032, owing to its robust agricultural infrastructure, particularly in California, which produces over 80% of the world's almonds. This regional concentration fosters innovation and quality control in almond processing, catering to diverse culinary needs, from baking to beverage flavoring.
 

Furthermore, rising consumer trends toward natural and organic ingredients bolster demand for almond extract, positioning it as a preferred choice among health-conscious consumers. Additionally, the U.S. food industry’s ongoing shift towards artisanal and craft products further enhances the market’s appeal, creating ample opportunities for growth and product diversification.
 

Almond Extract Market Share

The almond extract industry features a competitive landscape with key players such as ADM, Blue Diamond Growers, and John B. Sanfilippo & Son leading the charge. ADM leverages its extensive distribution network and product innovation capabilities, while Blue Diamond Growers, as a farmer-owned cooperative, emphasizes sustainability and quality sourcing from California almonds. Borges Agricultural & Industrial Nuts focuses on diverse flavor profiles, appealing to both culinary and industrial sectors.
 

Cook Flavoring and Frontier Co-op prioritize natural and organic offerings, aligning with consumer preferences for clean-label products. Lochhead Manufacturing targets niche markets with specialized formulations and private-label options. Together, these companies enhance competition through quality, sustainability, and innovation, catering to a growing demand for almond extract in various applications, including baking, beverages, and food manufacturing, while also adapting to trends in health and wellness.
 

Almond Extract Market Companies

Major players operating in the almond extract industry are:

• ADM
• Blue Diamond Growers
• Borges Agricultural & Industrial Nuts
• Cook Flavoring
• Frontier Co-op
• John B. Sanfilippo & Son
• Lochhead Manufacturing
• McCormick & Company
• Nielsen-Massey Vanillas
• Queen Fine Foods
• Royal Nut Company
• Treehouse Almonds
• Waitrose & Partners
   

Almond Extract Industry News

• In January 2023, Califia Farms, a renowned and high-quality brand in the plant-based beverage sector, broadened its acclaimed range of dairy-free offerings by introducing USDA-certified Organic Oatmilk and Almondmilk.
   
• In September 2020, Harris Woolf Almonds offers excellent value to manufacturers and formulators by bringing to market two products: a GMO-free roasted almond protein powder with an unmatched level of taste, and an unprocessed almond oil created from 100% food-grade almonds that can be traced back to the farmer.
   

This almond extract market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Type

• Pure almond extract
• Mixed almond extract

Market, By Application

• Food & beverage
• Beauty & personal care
• Household product
• Others

Market, By Distribution channel

• Online retail
• Offline retail
  • Supermarkets/Hypermarkets
  • Specialty stores
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa