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Almond Extract Market Share

Report ID: GMI12113
Published Date: Nov 2024
Report Format: PDF

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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

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of almond extract reached USD 1.3 billion in 2023 and is estimated to grow at a 4.2% CAGR from 2024 to 2032, driven by its versatile applications across various industries.

The pure almond extract segment was valued at USD 849.6 million in 2023 and is anticipated to expand at a 4.3% CAGR from 2024 to 2032, owing to its intense flavor and high-quality concentration.

The U.S. market was valued at over USD 280.2 million in 2023 and is expected to grow at a 4.2% CAGR till 2032, supported by California's robust agricultural infrastructure.

The key players in the industry include ADM, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, Cook Flavoring, Frontier Co-op, John B. Sanfilippo & Son, Lochhead Manufacturing, McCormick & Company, Nielsen-Massey Vanillas, and Queen Fine Foods.