Almond Extract Market By Product Type (Pure Extract, Mixed Extract, and Imitation Extract), By Nature (Organic and Conventional), By Form (Liquid, Powder, and Paste), By Application (Food and Beverages, Cosmetics and Personal Care and Pharmaceuticals), and By Distribution channel (Online Retail, Supermarket/Hypermarket, Specialty Store and Convenience Stores), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

Industry Outlook

The Almond Extract market accounted for USD 1.58 Billion in 2024 and is expected to reach USD 3.1 Billion by 2035, growing at a CAGR of around 6.35% between 2025 and 2035. The almond extract market is concerned with the manufacture and distribution of concentrated almond extract flavoring, which originates from almonds. Almond extract has become very popular and is found in baked goods, confectionaries, dairy products, and other plant-based alternatives and used to give a natural and aromatic flavor, and it is also valued for its antioxidant properties, so its use is in cosmetics and personal care products.

Due to rising consumer demand for natural, organic, and clean-label ingredients, growth in the market is seen. Rising consumer awareness of healthy living and clean beauty trends are extending the applications of almond extract in various sectors. Rising plant-based diets, away from chemical utilization, are the prime drivers in this market segment.

Report Scope:

Market Dynamics

Growth of the Baking and Confectionery Industry Boosts Demand for Almond Extract

With the continual advancement of the baking and confectionery markets, there is a market for higher-quality, flavorful ingredients such as almond extract. As buyers become more quality- and gourmet-oriented and are willing to splurge on certain ingredients, almond extract is popular for its luxury, nutty taste that is perfect with cakes, cookies, pastries, and chocolates. Growth in the demand for artisanal, custom-baked goods and products and home-baked goods, and the new trends toward health-conscious products add to the demand for almond extract in both commercial and home sweetening uses.

The increase in demand for plant-based and gluten-free products in the confectionery segment is another new business opportunity area for almond extract since this product has natural ingredients. Food companies that produce baked and confectionery products emphasize that almond extract holds its flavor well and is used in other products that are still growing in popularity. Finally, growing clean-label and allergen-free products also works in favor of almond extract since it will appear as a natural and allergen-friendly product. This makes it an even more premium ingredient in modern health-conscious formulations.

Growing Consumer Preference for Natural Ingredients Fuels Almond Extract Market

The rising trend of using natural products has been seen as a main factor for the almond extract market. With more and more consumers’ knowledge about the impacts of synthetic additives on their health and through campaigns such as Clean Label, these products are highly favored. This demand is nicely filled by almond extract made from real almonds without binding with synthetic chemicals. Food product trends are also visible with beverages and baking, especially those with little or no preservatives and chemicals.

The Food Marketing Institute (FMI) reveals that 75 %t of the United States consumers are concerned with the ingredients list, the reason why natural food must be emphasized. The almond extract will, however, be well positioned to capture this consumer trend as more consumers turn towards healthy natural foods, incrementally adding onto a diverse product base as a versatile ingredient.

Rising Almond Prices Pose Significant Challenge to Almond Extract Market Expansion

A major threat to the almond extract market is the increasing prices for almonds. Any changes in the almond price are incurred since almonds are the main raw material used when making almond extract, any changes in prices increase the prices of the final product. This can make almond extract less expensive to the consumers as long as there are other options, for instance, synthetic almond flavoring or other extracts.

The cost of almonds fluctuates depending on factors such as climate and supply chain unpredictability, affecting the almond extract manufacturers to have a fixed price range and unpredictable cost of production. The global almond extract market also experiences pressure from the cost structure due to drought conditions and the continued growth in global demand for almonds, notes the USDA, in 2022, almond prices were raised substantially. Such price pressure can dampen the growth of the market and restrain the growth capacities it has.

Boom in Natural Beauty Products Creates Significant Growth Opportunities for Almond Extract in Cosmetics

Cosmetic and personal care products are a significant growing opportunity supported by increasing consumer demand for natural and clean-label ingredients. Antioxidant, moisturizing, and skin-soothing effects of almond extract make it an excellent choice for many skincare applications, such as lotions, serums, and facial creams. Increasing consumer interest in organic products has been reported by the U.S. Department of Agriculture.

This interest, quite evidently, helps boost natural ingredients in personal care formulations. Furthermore, eco-consciousness and an increasing preference for sustainable beauty products have led to a high demand for clean-label ingredients such as almond extract in cosmetics. This trend represents a large opportunity for almond extract as a core ingredient for clean, sustainable skincare solutions. In addition, almond extract's versatility in moisturizers as well as anti-aging products has rendered it one of the most sought-after ingredients in premium skincare formulations.

Growing Innovation in Almond Extract Applications across Multiple Sectors

Expanding uses of almond extracts in different industries would strongly embody future market growth potentials. Almond extract has been commonly associated with confectionery and baking industries, but the applications of this natural ingredient are becoming broader and broader with time, as it is used in producing beverages, health and functional foods, and personal-care products. With burgeoning consumer interest in plant-based, gluten-free, and functional food, almond extract is included in plant-based milk, dairy-free desserts, nutritional bars, and protein powders.

Furthermore, the rising clean-label trend, which has increased innovation, has made almond extract dominate as a natural means of enhancing flavors without the use of chemicals. Almond extract has the potential to target new consumer needs by extending applications in both the food and non-food sectors with some level of flexibility.

Industry Experts Opinion

"At Wolfe's Neck Center, we believe that it has never been more important to change the way we produce food to improve the health of the planet. Our shift to a more regenerative food system relies on strong, cross-sector partnerships. We are thrilled to partner with KIND and support their goals for scaling regenerative practices for almonds. Their commitment to supporting growers and sustainable farming truly exemplifies how collaborative efforts can drive meaningful change in our food systems. It's through partnerships like these that we can all accelerate change to create a more sustainable and resilient agricultural future,"

• Dave Herring, Executive Director of Wolfe's Neck Center

Segment Analysis

Based on the product type, The Almond Extract Market has been classified into pure extract, mixed extract, and imitation Extract. The pure extract segment is the largest and most dominant segment, its demand has risen due to the awareness of the consumer’s switch to natural and source-quality ingredients such as food, beverages, and cosmetics. Members prefer pure almond extract because of its genuine and unalloyed taste, especially when utilized in superior or gourmet goods. These are used in baked products and confectionery products.

Based on the Application, The Almond Extract Market has been classified into Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, and others.

The food and beverage segment is the growth engine of the almond extract market. It is widely used in cakes, cookies, and pastries to give the food a delicious taste of almonds. The consumer trends chemists have opted for natural and quality product sources and have made almond extract apply as it is natural as compared to applying synthetic compounds.

Regional Analysis

North America, particularly the United States, is the largest market for almond extract due to the region's high demand for flavoring products in baking, confectionery, and beverages. There are also indications of growth for Canada, especially in the urbanized markets in demand for premium as well as organic products. Mexico remains more sensitive to price but shows signs of growth, especially within the health and traditional baking categories.

This food product enjoys increased popularity due to the increase in the number of vegetable and organic products and the use of almond extract in cosmetology. However, the main issues that are still barriers include the unavailability of raw materials in supply chains and the competition of natural flavorings from other artificial ones.

Asia-Pacific remains the largest-growing market for almond extract driven by increasing popularity in the Western diet along with higher urbanization. More and more people in countries like China and India take into baking and confectionery trends, which increases the scope for almond extract. With the growing middle class and rising disposable incomes, along with international culinary practice, the market is gaining growth momentum.

Another change here is towards natural and premium products, with the growing concern for healthier lifestyles and more additive-free products. Almond extract consumption is expected to witness a high growth rate in this diversified and fast-evolving region, as more products become based on almonds.

Competitive Landscape

The almond extract market is highly competitive, and several key factors drive natural flavors in demand, interest in plant-based products, and increased baking and cooking as hobbies. Key operating players in the Almond Extract market are McCormick & Company, Nielsen-Massey Vanillas, The Almond Company, Rodelle, Star Kay White, Inc., Frontier Co-op, LorAnn Oils, and Watkins Incorporated.

These companies remain oriented toward increasing the number of their products, with a gradually increasing trend in natural and organic almond extracts as the customers’ need for high-quality components. New trends are that McCormick is widening its product portfolio, and Nielsen-Massey is adding organic almond extract for healthier consumers. They are also concentrating on expanding their Internet marketing to cash in on the expanding worldwide Web buying and selling sector, which is in turn taking the level of rivalry to new heights.

Almond Extract Market, Company Shares Analysis, 2024

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Recent Developments:

• In September 2024, Impact technology company Divert, Inc., on a mission to Protect the Value of Food™, and Blue Diamond Growers, a farmer-owned cooperative, the world's leading almond company, announced a partnership in which the companies will work together to transform almond processing byproducts into renewable energy.
• In March 2024, Califia Farms, the leading premium, plant-based beverage company, announced Organic Almond Creamers, the only USDA Certified Organic plant-based creamers available with simple ingredients and no gums or oils. Available in three delicious flavors - Lavender, Brown Sugar and Vanilla

Report Coverage:

By Product Type

• Pure Extract
• Imitation Extract
• Mixed Extract

By Nature

• Organic
• Conventional

By Form

• Liquid
• Powder
• Paste

By Distribution channel

• Online Retail
• Supermarket/Hypermarket
• Specialty Stores
• Convenience Stores

By Application

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

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 Middle East & Africa

List of Companies:

• McCormick & Company, Inc.
•  Nestlé  S.A.
• The Archer Daniels Midland Company
• Watkins, Inc.
• Blue Diamond Growers
• Rodelle Inc.
• Star Kay White, Inc.
• DaVinci Gourmet
• Flavorganics
• Kerry Group
• Sambavan's
• Baker's Choice
• The Vanilla Food Company
• Givaudan SA
• Tate & Lyle PLC

Frequently Asked Questions (FAQs)