Almond Extract Market Report 2026

The almond extract market size has grown strongly in recent years. It will grow from $1.14 billion in 2025 to $1.22 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in home baking and culinary experimentation, expansion of packaged bakery products, increasing preference for natural flavoring agents, availability of almond oil extraction technologies, rising demand from foodservice industry.

The almond extract market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing demand for premium and artisanal food products, rising adoption of plant-based flavor ingredients, expansion of online specialty ingredient retail, growing focus on clean-label formulations, increasing innovation in flavor blending techniques. Major trends in the forecast period include increasing demand for natural and organic flavor extracts, rising use of almond extract in clean-label foods, growing adoption in premium bakery and confectionery products, expansion of multi-flavored almond extract variants, enhanced focus on ingredient transparency.

The growing demand for organic food is expected to drive the expansion of the almond extract market in the coming years. Organic food includes products cultivated and processed without synthetic chemicals, pesticides, fertilizers, genetically modified organisms (GMOs), or artificial additives. This rising demand is fueled by increased consumer awareness of health benefits, environmental responsibility, and a preference for natural, chemical-free products. Almond extract supports organic food applications by delivering a natural and rich flavor that enhances a wide variety of organic recipes and baked goods, providing an authentic taste without relying on artificial additives. This aligns closely with organic food production principles that emphasize purity and quality. For instance, in February 2025, according to the Organic Research Centre, a UK-based nonprofit research organization focused on organic and agroecological farming, retail sales of organic products in Europe reached 54.7 billion euros (US$59.2 billion) in 2023, representing a 3% or 1.6 billion-euro (US$1.73 billion) increase compared to 2022. Therefore, the rising demand for organic food is contributing to the growth of the almond extract market.

The expansion of e-commerce channels is anticipated to further accelerate the growth of the almond extract market going forward. E-commerce channels are digital platforms that facilitate the online buying and selling of products without requiring traditional in-store visits. The growth of these channels is driven by consumers’ increasing preference for convenient shopping experiences and doorstep delivery, which enables easy access to a wide variety of products. As e-commerce continues to expand rapidly, the almond extract industry is experiencing higher demand, encouraging companies to adopt online distribution strategies that improve market reach, brand visibility, and customer engagement. For example, in August 2025, according to the US Census Bureau, a US-based government agency, retail e-commerce sales reached $304.2 billion in the second quarter of 2025, accounting for 16.3% of total retail sales and reflecting a 5.3% increase compared to the same period in 2024. Therefore, the growth of e-commerce channels is driving the almond extract market.

In June 2024, Core FX Ingredients, a US-based manufacturer of nutrition ingredients, acquired Connoils LLC for an undisclosed amount. Through this acquisition, Core FX Ingredients aims to strengthen its presence in the nutrition products sector by integrating Connoils’ specialized expertise in high-quality oils and powders, including almond oil, into its existing product portfolio. This move is intended to broaden its range of ingredient offerings and enhance supply chain capabilities to better serve health and wellness markets. Connoils LLC is a US-based company engaged in the production of ingredients such as almond extract.

Major companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the almond extract market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the almond extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The almond extract market consists of sales of imitation almond extract, organic almond extract, alcohol-free almond extract, and flavored blends. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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