Almond Protein Market By Product Type (Almond Protein Powder, Almond Protein Concentrates, Almond Protein Isolates), By Application (Protein Bars, Dairy Alternatives, Infant Formula, Nutraceuticals, Cosmetics, Pharmaceuticals, Others), By Nature (Organic, Conventional), By Form (Powder form, Liquid form), By Distribution Channel (E-Commerce, Hypermarkets, Specialty Stores, Direct Sales, Others), By End-User (Individual Consumers, Food Processors, Manufacturers, Retailers, Distributors), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

Published Date: Jan 2025 | Report ID: MI1846 | 220 Pages

Industry Outlook

The Almond Protein market accounted for USD 4.65 billion in 2024 and is expected to reach USD 8.83 billion by 2035, growing at a CAGR of around 6.0% between 2025 and 2035. It is an almond protein market based on using plant protein. Increased consumer preference for plant-based, clean-label, and allergen-friendly food products has contributed to the appeal of this market.

Applications of almond protein include beverages, nutritional supplements, bakery items, and dairy alternatives due to the high nutritional value of almond protein—essential amino acids, vitamins, and minerals. Market growth is induced by the rising demand for vegan and vegetarian diets alongside the growing health consciousness and a growing number of consumers who suffer from lactose intolerance. It has also become appealing to the trend toward sustainability and environmentally friendly food production as well. The almond protein market is witnessing innovative processing technologies to enhance protein yield and quality amongst key players.

Report Scope:

ParameterDetails
Largest MarketNorth America
Fastest Growing MarketAsia Pacific
Base Year2024
Market Size in 2024USD 4.65 Billion
CAGR (2025-2035)6.0%
Forecast Years2025-2035
Historical Data2018-2024
Market Size in 2035USD 8.83 Billion
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South Africa
What We CoverMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and 10 companies
Segments CoveredProduct Type, Application, Nature, Form, Distribution Channel, End-user, and Region

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Market Dynamics

Rising demand for plant-based protein due to health consciousness.

A key value driver of the almond protein market is the rising demand for plant protein among health-conscious consumers. More people are starting to learn about the benefits of plant-based diets, including lower disease risk, better digestion, less weight, and actively trying other animal food sources of protein. Almond protein is derived from nutrient-rich almonds and is advantageous compared to meat because it provides high protein content, nutrient consciousness, and hypoallergenic properties. Almond protein is of interest because almonds are identified with clean, natural nutrition and have further become attractive as a sustainable and environmentally friendly food production incentive. This trend is underscored by government and institutional reports. As shown by an example, one major educational institution reported on their rising preference for plant-based diets from their studies, which can be connected to the increased consumer awareness of nutrition and environmental sustainability. The observations validate almond protein as an important part of the evolving food industry and offer solutions for ‘eco’ initiatives and health-conscious people alike.

Increasing vegan and vegetarian population driving almond protein adoption.

A large contributory driver for the almond protein market is on account of the growing vegan and vegetarian population due to the shift in nut and plant-based diets for ethical, environmental, and health concerns. Given almond protein’s richness in plant-based protein, coupled with essential nutrients and versatility for a wide range of applications ranging from snacks to beverages to dietary supplements, this demographic is responding to it by actively searching and demanding high-quality plant protein sources to meet its nutritional needs. Also closely linked to an increasing awareness of animal agriculture’s environmental impact and the benefits of a plant-based lifestyle, the rise in vegetarianism and veganism is an important part of this trend. A steady increase in the number of people adopting plant-based diets was reported by a leading government agency, which placed it down to increased anxiety about sustainability and animal welfare. The surge in vegan and vegetarian populations directly impacts the demand for almond protein as a viable ingredient within the ever-growing food and beverage market.

High cost of almond protein compared to other plant-based proteins.

Free of grains and refined sugars and containing 26% of your daily recommended protein (plus 13g of fiber), almond protein is a good option. However, the high cost of almond protein relative to other plant-based proteins is a major restraint to the market's growth. Almond protein tends to have a higher price tag because raw almonds are more expensive, and almond products are currently sold in premium positions, as well as the complexities of production. Other plant-based proteins, such as soy, pea, or rice protein, tend to be more affordable—cheaper—which makes them attractive to cost-sensitive consumers and manufacturers. The existence of this price difference can deter almond protein adoption, especially among those areas in which cost matters in purchase decisions. In addition, companies in a competitive plant-based protein market may opt for cheaper substitutes to maintain profitability and hence, cheapen manufactured products to consumers. With strong nutritional and functional benefits as well as a high price to contend with, almond protein's access to mainstream food and beverages will be marred by its challenges for widespread accessibility as noted above.

Growing demand for clean-label and gluten-free protein products.

The almond protein market presents a significant opportunity due to the increased demand for clean-label and gluten-free goods. Given the increased customer demand for goods labeled simply, openly, and free of artificial additives, preservatives, and allergens, the time has come for simple-ingredient foods. This trend speaks directly to almond protein because this ingredient is naturally free from gluten, dairy, and soy, making it the perfect option for those following a gluten-free, dairy-free, or soy-free diet, or anyone simply looking to eat the cleanest, whole-food ingredients possible. Additionally, as the gluten-free diet becomes trendier, thanks to its health benefit claims and necessity for individuals with gluten intolerance or celiac disease, almond protein represents a healthy alternative to traditional protein sources. The clean-label trend also coincides with a proliferation of foods used by consumers that are not only nutritious but also minimally processed, making almond protein an attractive ingredient for manufacturers looking to address this craving. Since then, the almond protein market has had a huge network of customers with the opportunity to fill the gap of food choice; they have benefited from being so profound in such protein because it is healthy as well as natural to remove the allergens of wheat, milk, egg, and so on.

Emerging markets adopting plant-based protein-rich dietary trends.

Emerging markets that adopt plant-based protein-rich diets provide a significant opportunity for the almond protein market. As salaries grow, people in those places are adopting plant-based diets for a variety of reasons, including health, environmental, and ethical concerns, now that they can follow global food trends. Almond protein, with its high nutritional value, wide palate, acceptable protein density, plus sustainable sourcing, is a great match with these expanding preferences for plant-based, high-protein foods. In addition, with the growing awareness about the nutritional benefits of plant-based proteins, especially in urban areas of emerging markets, the demand for products that carry alternative protein sources is increasing. Since it can be added to so many food products, from snacks to beverages to supplements, almond protein may be appealing to manufacturers seeking to ride the wave of this new trend. By focusing both on health and sustainability, almond protein represents a valuable proposition to mass-market consumers in emerging markets who are looking for clean, natural, and high-quality dietary alternatives. Almond protein sets the trends for the global development of plant-based food offerings.

Industry Experts Opinion

"What drives us every day is to deliver the highest return for your almonds. Our ability to adapt swiftly to changing market conditions, paired with our strategic planning and forward-thinking approach, enabled us to navigate through difficult circumstances and see positive returns from our strategic plan.”

  • Kai Bockmann, CEO, Blue Diamond Growers.

Segment Analysis

Based on the product type, the Almond Protein Market is classified into Almond Protein Powder, Almond Protein Concentrates, and Almond Protein Isolates. Among all the product categories present in the almond protein market, almond protein isolates have the highest share and are in the most important category of almond protein. They are used in a lot of industries, such as plant-based nutrition, sports supplements, and functional foods; hence, this is due to their high protein content. Related to that, they are more advanced yet in that they are more pure and richer in protein than concentrates or powder. They are much healthier than usual with fewer fats and more carbs to appeal to health-conscious consumers, especially in the vegan and fitness community. This has resulted in almond protein isolate demand that has been increasing progressively as weight shifted to plant-based protein sources and cleaner, sustainable diets. Additionally, these isolates are frequently used in high-end products to increase their market value and status. However, as popularity rises, they will command volumes and value leader status for the almond protein market.

 

Based on the Application, the Almond Protein Market is classified into Protein Bars, Dairy Alternatives, Infant Formula, Nutraceuticals, Cosmetics, Pharmaceuticals, and Others. The almond protein market is expected to grow in the most dominant & significant application, namely the protein bars segment. The soaring popularity of health-conscious consumers who look for handy, high-protein, and plant-based snacks is probably the reason for this. Almond protein works well in the recipe, and it is a super popular protein with fitness enthusiasts, athletes, and anyone trying to eat a healthy snack on the run. As the need for plant-based protein sources rises alongside the number of people following a vegan or vegetarian diet, they prefer clean and sustainable food while pushing for animal protein. Almond protein bars are on the rise. Furthermore, almond protein bars are customizable to some dietary preferences, like gluten-free and dairy-free, making them suitable for a larger stretch of the consumer market. As the awareness of health and wellness around the world increases, protein bars have been growing year over year, and almond protein is at the epicenter of this thriving market. The development in the large-scale segment is expected to experience phenomenal growth and would outstrip other applications, dairy alternatives, or nutraceuticals in both developed and emerging economies to propel the growth of the almond protein market.

Regional Analysis

While the North American almond protein market remains a growing industry, consumers are craving plant foods and the beneficial attributes they possess. But the United States has a major almond production industry—primarily in California—and that is critical. This growing demand for plant-based protein alternatives on account of increasing consciousness of the role of protein in the daily diet and rising habits of vegan and vegetarian diets has triggered the market for plant-based protein products. Consumers in the area are increasingly preferring cleaner, natural ingredients, making almond protein more enticing for usage in beverages, snacks, and supplements. Furthermore, the almond protein market expansion lags with the popularity of sustainable and eco-friendly products because it is considered a more environmentally friendly product rather than an animal-based protein. In addition to being versatile, which allows for use in a variety of product categories, including bakery products, protein powders, dairy alternatives, and food bars, almond protein further enhances its demand in North America. The North American market for plant-based proteins is sustaining growth due to the ongoing innovation and availability of highly established distribution networks for almond-based products, as health-conscious consumers keep looking for high-quality, plant-derived proteins.

The almond protein market in the Asia Pacific region is growing fast due to increased health awareness and a significant shift towards the plant-based diet. Almond-based proteins are becoming a favorite for consumers and emerging as key markets in countries like China and India as they gain awareness of the nutritional benefits. In addition, politically, disposable incomes are rising, and these new emerging countries are home to a growing middle class that is demanding healthier, alternative protein sources. Almond protein is gaining popularity as veganism and vegetarianism continue to boom, and it's plant-based and loaded with nutrients. The growth in demand for almond protein is also being fueled by a rising interest in food and nutrition, such as functional food, sports nutrition, and dietary supplements in the region. In addition, almond protein is natural for the Asian market, as the market is already familiar with nuts and plant-based ingredients in daily diets. The food products of this region are clean-label and sustainable, following consumers who demand more natural and eco-friendly ingredients. The Asia Pacific is expected to be a fast-growing market due to the increasing expansion of food culture as well as growing interest among consumers in plant-based protein benefits.

Competitive Landscape

An almond protein market has surfaced and is rapidly growing because almonds have become a mainstay plant protein choice. Major almond protein extraction players in this market include leading companies such as Blue Diamond Growers, Agro Products & Agencies, and The Wonderful Company, actively pursuing the use of almond protein in various products. In response to the increasingly vegan and health-conscious devotions among consumers, these companies have been ideating on the development of almond protein powder, bars, and beverages. New formulations of almond protein powder geared toward sports nutrition and dairy-free were launched this year by Blue Diamond Growers. While The Wonderful Company is striving to source almonds from environmentally conscientious farms, it’s also trying to improve its production efficiency on the farm. Almond protein is also present in new entrants and partnerships showing the market towards food, beverages, and supplemental uses. Almond protein's versatility and nutritional profile are becoming a key focus across nutritional powders and snack sectors as we hit a time of even more plant-based protein offerings in the fort.

Almond Protein Market, Company Shares Analysis, 2024

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Recent Developments:

  • In October 2024, Blue Diamond launched a new seasonal treat, Frosted Brownie Almonds, to celebrate the arrival of the holiday season.
  • In September 2024, Divert, Inc. and Blue Diamond Growers formed a partnership to transform almond processing byproducts into renewable energy. Utilizing Divert's cutting-edge technologies, Blue Diamond will convert low-value byproducts into energy, supporting California's target of achieving net-zero carbon emissions by 2045.

Report Coverage:

By Product Type

  • Almond Protein Powder
  • Almond Protein Concentrates
  • Almond Protein Isolates

By Application

  • Protein Bars
  • Dairy Alternatives
  • Infant Formula
  • Nutraceuticals
  • Cosmetics
  • Pharmaceuticals
  • Others

By Nature

  • Organic
  • Conventional

By Form

  • Powder form
  • Liquid form

By Distribution Channel

  • E-Commerce
  • Hypermarkets
  • Specialty Stores
  • Direct Sales
  • Others

By End-user

  • Individual Consumers
  • Food Processors
  • Manufacturers
  • Retailers
  • Distributors

By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC Countries
  • South Africa
  • Rest of the Middle East & Africa

List of Companies:

  • Blue Diamond Growers
  • Cambridge Commodities
  • AlmondProtein.ca
  • Treehouse California Almonds
  • Harris Woolf Almonds
  • Bob's Red Mill
  • Noosh Brands
  • PB2 Foods
  • Ofi (olam food ingredients)
  • Cook Flavoring Company
  • Austrade, Inc. Food Ingredients
  • All Organic Treasures GmbH
  • Z-Company BV
  • Sabinsa Corporation
  • Herblink Biotech Corporation
  • Lekithos

Frequently Asked Questions (FAQs)

The Almond Protein market accounted for USD 4.65 billion in 2024 and is expected to reach USD 8.83 billion by 2035, growing at a CAGR of around 6.0% between 2025 and 2035.

Key growth opportunities in the Almond Protein market include Growing demand for clean-label and gluten-free protein products, expansion in functional foods and nutraceuticals markets, and emerging markets adopting plant-based protein-rich dietary trends.

Product Type is currently leading in the Almond Protein Market due to its high protein content and versatile application in a wide range of industries, including plant-based nutrition, sports supplements, and functional foods. Almond protein isolates are obtained through a more advanced extraction process, which makes them purer and richer in protein compared to concentrates or powder. Their superior protein profile, with fewer fats and carbohydrates, appeals to health-conscious consumers, particularly those in the vegan and fitness communities.

North America is expected to remain the dominant region due to its strong almond production industry, primarily in California. The growing awareness of the importance of protein in daily nutrition, combined with an increasing shift toward vegan and vegetarian diets, has fueled demand for plant-based protein alternatives. Consumers in this region are more inclined toward cleaner, natural ingredients, which boost the appeal of almond protein in various applications such as beverages, snacks, and supplements.

Key operating players in the Almond Protein market are Blue Diamond Growers, The Wonderful Company, and Agro Products & Agencies, which are leading the charge in almond protein extraction and its subsequent incorporation into various products. These companies have been innovating in the development of almond-based protein powders, bars, and beverages, tapping into the expanding vegan and health-conscious consumer base.

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