The Almond Extract Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The size of the almond extract market has experienced significant growth in recent years. The market value is projected to increase from $1.06 billion in 2024 to $1.14 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
The Almond Extract Global Market Report 2025 forecasts that by 2029, the almond extract market will be valued at $1.48 billion, with a CAGR of 6.9%.
Download Your Free Sample of the 2025 Almond Extract Market Report and Uncover Key Trends Now!The key drivers in the almond extract market are:
• Increasing demand for natural and organic products
• Expansion of plant-based and vegan diets
• Growth in premium and gourmet food markets
• Innovation in flavor profiles and blends and increasing adoption in beverage applications
The almond extract market covered in this report is segmented –
1) By Type: Pure Almond Extract, Mixed Almond Extract
2) By Form: Liquid, Powder
3) By Distribution: Online, Retail, Wholesale
4) By Application: Food And Beverage, Beauty And Personal Care, Hotel And Restaurant, Other Applications
Subsegments:
1) By Pure Almond Extract: Natural Almond Extract, Organic Almond Extract
2) By Mixed Almond Extract: Almond-Vanilla Extract, Almond-Rum Extract, Almond-Chocolate Extract
The key trends in the almond extract market are:
• The market is seeing a shift towards products with clean-labels.
• Sustainable farming practices are becoming increasingly important.
• There is a continuous development of new flavors and combinations.
• Low-cost extraction methods are being adopted and are changing the future of the almond extract market.
Major players in the almond extract market are:
• Archer-Daniels-Midland Company
• Waitrose And Partners Ltd.
• Savencia Sa
• McCormick And Company
• The Wonderful Company
• Blue Diamond Growers
• John B. Sanfilippo & Son
• Naturex SA
• Fine Foods Pvt Ltd.
• Borges Agricultural And Industrial Nuts
• Frontier Co-op
• Amoretti's Enterprises Pty Ltd.
• Star Kay White Inc.
• Nielsen-Massey Vanillas International LLC
• Kanegrade Flavours & Ingredients Private Limited
• Treehouse Almonds LLC
• Flavorman Inc.
• Royal Nut Company Pty Ltd
• Domaine de Provence LLC
• Queen Fine Foods Pty Ltd
• The Almond Company Inc.
• Lochhead Manufacturing Inc.
North America was the largest region in the almond extract market in 2024