PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638815
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638815
Almond Extract Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Almond Extract Market, valued at USD 1.3 billion in 2023, is projected to grow at a CAGR of over 4.2% from 2024 to 2032, fueled by its expanding applications across the food and beverage, cosmetics, and personal care sectors. In culinary uses, almond extract remains a preferred natural flavoring agent, supporting the increasing demand for ingredients free from synthetic additives. Moreover, the personal care industry is incorporating almond extract for its nourishing properties, driven by a shift toward plant-based and clean-label formulations.
The market is further bolstered by the growing consumer preference for organic and natural extracts, a trend driven by health awareness and eco-consciousness. Expanding e-commerce platforms are also propelling market growth, as these channels offer consumers easier access to a wider variety of almond extract products worldwide.
In 2023, the pure almond extract segment of the market was valued at USD 849.6 million and is anticipated to grow at a CAGR of 4.3% through 2032. This segment's popularity is due to the extract's rich flavor, high concentration, and natural quality, which make it highly attractive to consumers seeking authentic, clean-label products. As demand rises for plant-based and natural ingredients, pure almond extract appeals particularly to health-conscious and vegan consumers. Its robust flavor allows it to be used in minimal quantities, adding value as a cost-effective choice for commercial and home cooking.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $1.3 Billion |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2023
Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Million) (Kilo Tons)
Chapter 6 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Kilo Tons)
Chapter 7 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million) (Kilo Tons)
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Kilo Tons)
Chapter 9 Company Profiles
