News - Almond Extract Market on the Rise: What You Need to Know

In recent years, the global almond extract market has witnessed remarkable growth, driven by shifting consumer preferences toward natural, plant-based, and clean-label products. As demand continues to rise across food, beverage, and personal care sectors, almond extract has emerged as a versatile and high-value ingredient. Here’s what businesses and industry professionals need to know about this expanding market.

Steady Market Growth

Market Size & Growth: The global almond extract market is projected to grow from $1.06 billion in 2024 to $1.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. By 2029, the market is expected to reach $1.48 billion, maintaining a strong growth trajectory.

Key Growth Drivers:

Rising 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.
Increasing adoption in beverage applications.

Data sources：

1.https://www.thebusinessresearchcompany.com/report/almond-extract-global-market-report

2.https://blog.tbrc.info/

3.https://www.thebusinessresearchcompany.com/market-insights/almond-extract-market-insights-2025

4.https://blog.tbrc.info/2025/05/almond-extract-market-scope-2/

What’s Driving the Demand?

One of the primary drivers behind the growing popularity of almond extract is the global shift toward natural and health-oriented lifestyles. Consumers are increasingly reading labels and preferring products with minimal artificial additives. Almond extract, known for its clean, nutty flavor and versatility, fits perfectly into this narrative. It is also well-suited to vegan and vegetarian diets, making it a go-to flavor enhancer in plant-based foods. Furthermore, almond extract is linked to health-conscious formulations, as almonds themselves are rich in vitamin E, antioxidants, and heart-healthy fats—associating the extract with overall well-being.

Diverse Applications

Almond extract is no longer confined to traditional baking. Today, it is used across a wide range of industries. In the food and beverage sector, it enhances the flavor of cakes, cookies, pastries, dairy alternatives, protein drinks, and even cocktails. In cosmetics and personal care, almond extract is valued for its soothing scent and is used in lotions, creams, shampoos, and essential oils. Additionally, the supplement and pharmaceutical industries incorporate almond extract in wellness products due to its antioxidant properties and potential skin benefits. This broad applicability makes almond extract a highly versatile and in-demand ingredient.

Global Market Insights

North America currently holds the largest share of the almond extract market, driven by high consumption in premium desserts, artisanal baking, and the growing demand for clean-label flavorings. The region also benefits from well-established distribution channels and strong brand presence. Meanwhile, the Asia-Pacific region is forecasted to experience the fastest growth in the coming years. This is fueled by rising disposable incomes, expanding urban populations, and increasing interest in Western-style baking and plant-based diets. Countries like China, India, and Japan are emerging as key markets due to changing dietary habits and growing health awareness.

Challenges and Opportunities

Despite its promising outlook, the almond extract market faces several challenges. One of the most significant issues is the fluctuation in almond prices, which can directly impact production costs. Factors such as climate change, drought conditions in California (a major almond-producing region), and global supply chain disruptions can affect the availability and price stability of raw almonds. However, these challenges also create opportunities for innovation. Companies are investing in sustainable sourcing, improving extraction techniques, and developing concentrated or blended formulations that offer better cost-efficiency without compromising quality. Brands that focus on transparency and sustainability will likely gain consumer trust and long-term loyalty.