"Executive Summary Almond Powder Market: Growth Trends and Share Breakdown
The global almond powder market size was valued at USD 1.45 billion in 2023 and is projected to reach USD 1.98 billion by 2031, with a CAGR of 4.00% during the forecast period 2024 to 2031.
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Almond Powder Market Summary
The global almond powder market is expected to witness significant growth in the coming years. Almond powder, derived from finely ground almonds, is a versatile ingredient used in various food and beverage applications. The market growth is being driven by the increasing consumer preference for healthy and natural ingredients, as almond powder is rich in nutrients and offers several health benefits. Additionally, the rising demand for plant-based products and the growing awareness about the health benefits of almonds are further fueling market growth. The market is also benefiting from the expanding food and beverage industry, where almond powder is used in products like bakery items, snacks, confectionery, and beverages.