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Market Research Report · Study period 2021-2031 Published: September 2026

Global Almond Butter Market 2021–2031: Size, Share, Trends and Forecast

The global almond butter market reached USD 1.05 billion in 2025 and will advance to USD 1.77 billion by 2031, expanding at a 9.1% CAGR. North America accounts for 42.8% of current revenue, supported by mature natural-food retail, broad private-label participation and established breakfast and snacking occasions. Asia-Pacific will post the fastest regional growth at 11.8% as premium grocery distribution, plant-based diets and Western-style breakfast formats gain scale. Clean-label formulations, portable packaging and almond butter's expanding role in bars, beverages, bakery and dairy alternatives are widening the addressable market beyond the traditional spread aisle.

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Global Almond Butter Market 2021–2031: Size, Share, Trends and Forecast — report cover

Market size & forecast

Market value · USD billion
Historical Forecast
Source: shev.io Research.
Report highlights
Market size (2025)USD 1.1 bn
Forecast (2031)USD 1.8 bn
CAGR (2025–2031)9.1%
Largest regionNorth America · 42.8%
Fastest-growingAsia-Pacific · 11.8%
ConcentrationLow
PublishedSeptember 2026

Key findings

▪︎Global almond butter revenue totaled USD 1.05 billion in 2025 and will reach USD 1.77 billion in 2031.
▪︎The market will expand at a 9.1% CAGR between 2025 and 2031.
▪︎North America generated 42.8% of global almond butter value in 2025.
▪︎Asia-Pacific will record the fastest regional CAGR at 11.8% through 2031.
▪︎Smooth almond butter represented 57.2% of 2025 market value, while flavored products will grow fastest at 11.4%.
▪︎Jars retained 68.2% of market value in 2025, but pouches will expand at a 12.6% CAGR.
▪︎USDA NASS reported 2.65 billion pounds of utilized California almond production in 2024, up 13% from 2023.
▪︎USDA NASS valued the 2024 California almond crop at USD 5.66 billion, with an average grower price of USD 2.14 per pound.
▪︎The Almond Board of California recorded approximately 2.56 billion pounds of domestic and export shipments in crop year 2023/24.
▪︎The ten largest almond butter suppliers collectively held 45.7% of 2025 global market value, leaving substantial space for regional brands and private labels.

Key report takeaways

✓︎Growth is shifting from breakfast spreads toward portable snacks, food manufacturing and multifunctional recipe use.
✓︎Natural formulations with almonds, salt and few additional ingredients command the strongest premium and repeat-purchase economics.
✓︎Flavored almond butter and single-serve pouches are the fastest-growing product and packaging pools.
✓︎California crop economics remain the principal global input-cost signal because leading brands and processors source heavily from the state.
✓︎Retailers are expanding private-label almond butter, intensifying price competition in standard smooth formats.
✓︎Asia-Pacific offers the strongest white-space opportunity, particularly in China, India, Japan, Australia and South Korea.
✓︎Manufacturers that combine traceable sourcing, roast-profile control and stable oil separation will win industrial and premium retail accounts.

Almond Butter Market Segmentation Analysis by Product, Packaging and Channel

By Product Type

Smooth products dominate because they perform consistently as spreads, smoothie ingredients and recipe components and are easiest to scale across retail and industrial channels. Crunchy products command loyalty among texture-seeking consumers but have fewer beverage and food-manufacturing applications. Flavored almond butter is gaining through maple, vanilla, cinnamon, cocoa, coconut and honey profiles that position the category as permissible indulgence.

SmoothCrunchyFlavored
By Nature

Conventional almond butter leads through greater raw-material availability, mainstream retail presence and lower shelf prices. Organic products over-index in natural-food stores, direct-to-consumer subscriptions and premium European markets. Organic growth is being reinforced by short ingredient lists, traceability and retailer commitments to certified product ranges.

ConventionalOrganic
By Packaging

Glass and plastic jars remain the category standard because they support household storage, familiar merchandising and repeated spoon or knife access. Single-serve and resealable pouches are winning sports, travel, lunchbox and sampling occasions while improving revenue per kilogram. Tubs and pails serve foodservice, bakeries and industrial users that prioritize handling efficiency and bulk economics.

JarsPouches and Squeeze PacksTubs, Pails and Other Bulk Packs
By Distribution Channel

Supermarkets lead because almond butter increasingly sits beside mainstream spreads rather than exclusively in natural-food aisles. Online retail is the fastest-growing channel, supporting subscriptions, flavor bundles, product education and large-format packs. Specialty retailers retain influence in organic and raw products, while foodservice and direct B2B distribution gain from bakery, café and nutrition applications.

Supermarkets and HypermarketsOnline RetailSpecialty and Natural-Food StoresFoodservice and Direct B2B
By End Use

Household consumption remains the largest end use, anchored in toast, oatmeal, smoothies, baking and direct snacking. Food manufacturers are increasing almond-butter inclusion in nutrition bars, filled snacks, plant-based yogurt, beverages, sauces and premium bakery products. Foodservice adoption is strongest among cafés, smoothie operators, bakeries and health-oriented quick-service concepts.

Household RetailFood ManufacturingFoodservice

Almond Butter Market Regional Analysis and Country Outlook

North America generated 42.8% of global almond butter revenue in 2025. The United States anchors the region through direct access to California almonds, mature natural and conventional grocery distribution, extensive private-label participation and established brands such as Justin's, MaraNatha, Barney Butter, Once Again and Blue Diamond. Canada adds a smaller but attractive premium market, while its front-of-package nutrition rules increase the commercial value of unsweetened and lower-sodium formulations.

Europe held 27.4% of 2025 value, led by the United Kingdom, Germany and France. UK brands have made palm-oil-free and short-ingredient-deck positioning central to category development, while German and Nordic organic retail supports certified products. EU packaging rules, multilingual labeling and importer requirements favor suppliers with scalable compliance capabilities, although specialist organic and direct-to-consumer brands remain influential.

Asia-Pacific will expand at an 11.8% CAGR through 2031, the fastest of all regions. Australia has the region's most developed natural-food market, Japan rewards premium quality and portion control, China benefits from cross-border e-commerce, and India combines a large vegetarian consumer base with growing modern retail. Latin America and the Middle East and Africa remain smaller but offer targeted opportunities in Brazil, the Gulf states and premium urban foodservice.

Projected CAGR by region
North America7.8%
Europe8.6%
Asia-Pacific11.8%
Latin America9.5%
Middle East and Africa9.8%
Projected CAGR, 2021-2031. Source: shev.io Research.

Almond Butter Market Competitive Landscape and Company Share

The almond butter market remains fragmented, with the ten largest suppliers accounting for 45.7% of global value in 2025. Hormel Foods' Justin's and Hain Celestial's MaraNatha benefit from broad North American distribution, while Blue Diamond Growers combines upstream almond access with industrial ingredient capabilities. Once Again, Barney Butter, Pip & Nut, Meridian Foods and Artisana Organics compete through organic certification, clean labels, distinctive roasting and specialist-channel credibility.

Competition is increasingly divided between scaled branded suppliers, retailer private labels and premium founder-led businesses. Standard smooth almond butter faces the strongest price transparency, whereas flavored variants, squeezable packs, blanched formulations and industrial grades offer more defensible margins. Retailers use private label to establish opening price points, pushing branded companies toward differentiated flavors, sustainability programs and adjacent snack formats.

Vertical integration and supply-chain proximity are becoming strategic advantages. Once Again's acquisition of Big Tree Organic Farms added an almond-focused California facility, while Blue Diamond has expanded specialized ingredient grades and consolidated manufacturing closer to growing areas. Future transactions will target roasting capacity, organic supply, foodservice formats and brands with established digital communities.

Each company profile covers:

Business overviewProduct & brand portfolioEstimated revenue and capacityRecent developmentsStrategy & outlook

Almond Butter Market Forecast and Commercial Opportunities

Global market value will rise from USD 1.05 billion in 2025 to USD 1.77 billion in 2031. Volume growth will remain healthy, while mix gains from organic products, flavored formulations, pouches and industrial specialty grades will keep value growth ahead of unit expansion. Mainstream adoption will deepen in North America and Europe as Asia-Pacific supplies the largest incremental geographic opportunity.

The strongest growth case combines stable almond availability, sustained clean-label demand and rapid expansion into bars, beverages and dairy alternatives. A tighter crop environment would raise retail prices and slow household penetration, but it would also reward vertically integrated suppliers and brands with disciplined procurement. Greater private-label activity will expand category access while concentrating branded growth in differentiated products.

Winning suppliers will pair sensory consistency with a credible sourcing story and application-specific formats. Smooth natural butter will remain the volume anchor, but flavored products, single-serve pouches and light-roast industrial butter will set the innovation agenda. Localized flavors, smaller packs and digital education will be decisive in converting new Asian and Middle Eastern consumers.

➤︎Low-sugar flavored almond butter for permissible indulgence
➤︎Almond butter as a clean-label base for protein bars, beverages and plant-based yogurt
➤︎Single-serve pouches for sports, travel and workplace snacking
➤︎Premium localization in Asian and Middle Eastern flavor profiles
➤︎Regenerative, pollinator-friendly and water-efficiency sourcing claims
➤︎Foodservice sachets and bulk pumpable formats
➤︎Retailer-exclusive and co-manufactured private-label programs

Regulation and taxation

Excise, labelling and distribution rules shape where and how the market competes. The regimes that matter most here:

§︎The U.S. Food and Drug Administration requires almonds to be identified by the specific tree-nut name in ingredient or Contains statements; its January 2025 allergen-labeling guidance clarifies application across packaged-food formats.
§︎The FDA's updated healthy nutrient-content claim, finalized in December 2024, recognizes nuts and seeds as foundational food-group components while applying product-specific limits for added sugars, sodium and saturated fat.
§︎Health Canada's front-of-package nutrition symbol became mandatory on January 1, 2026 for prepackaged foods meeting thresholds for saturated fat, sugars or sodium, influencing sweetened and salted almond-butter formulations.
§︎The European Union's Regulation (EU) 2025/40 on packaging and packaging waste began phased application on August 12, 2026, increasing recyclability, minimization and documentation requirements for jars, lids, pouches and multipacks.
§︎EU Regulation 1169/2011 requires emphasized allergen disclosure for almonds in ingredient lists and establishes mandatory food-information rules for prepacked products.
§︎Organic products sold in the United States and European Union must comply respectively with USDA National Organic Program requirements and Regulation (EU) 2018/848.

Recent industry developments

Q2 2024
Justin's introduced a pollinator-friendly badge across its packaging and committed USD 85,000 to pollinator-conservation efforts, including collaboration with The Almond Project.
Q3 2024
Blue Diamond Growers introduced Lightly Roasted Almond Butter for industrial customers seeking a neutral color and cleaner flavor in dairy-alternative and nutrition applications.
Q4 2024
Once Again acquired Big Tree Organic Farms and its almond-focused facility in Turlock, California, strengthening proximity to growers and expanding organic almond ingredient capabilities.
Q4 2024
The U.S. Food and Drug Administration finalized its updated definition of the voluntary healthy nutrient-content claim, creating new formulation and communication parameters for nut-based spreads.
Q1 2025
The U.S. Food and Drug Administration issued Edition 5 of its food-allergen labeling guidance, confirming species-specific declaration requirements for almonds and other covered tree nuts.
Q4 2025
Blue Diamond Growers announced the consolidation of Sacramento manufacturing into its Turlock and Salida facilities to improve operating efficiency and locate processing closer to almond-growing regions.
Q1 2026
Pip & Nut expanded its Crunchy Almond Butter line with 425-gram and 1-kilogram tubs, targeting family use, heavy users and value-oriented bulk purchasing.
Q3 2026
The European Union began phased application of Regulation (EU) 2025/40 on packaging and packaging waste, requiring almond-butter suppliers to adapt packaging design and compliance systems.

Report scope

Market definition. The almond butter market comprises retail, foodservice and industrial sales of spreadable or pumpable products made primarily from ground almonds. It includes smooth, crunchy and flavored almond butter in consumer packs and bulk formats, including products sold as standalone spreads or supplied as formulated ingredients to food and beverage manufacturers.

What you get
✓︎PDF report with executive narrative, charts and tables
✓︎Excel workbook containing historical and forecast market data
✓︎Value and volume forecasts for 2021-2031
✓︎Segment data by product type, nature, packaging, channel and end use
✓︎Regional and country-level forecasts
✓︎Competitive-share estimates and ten company profiles
✓︎Factor-impact scoring and three forecast scenarios
✓︎Analyst briefing deck with strategic takeaways
Out of scope
Peanut, cashew, hazelnut, pistachio and mixed-nut butters in which almond is not the principal nut ingredient
Almond paste, marzipan and confectionery fillings with materially higher sugar content than nut-butter formulations
Whole, sliced, diced and flour-form almonds sold without further processing into butter
Finished snacks, bars, beverages and bakery products containing almond butter, except for the value of almond butter supplied as an ingredient
Almond oil and almond protein powders

Table of contents

1 Introduction
1.1 Study Scope and Objectives
1.2 Almond Butter Market Definition
1.3 Inclusions, Exclusions and Currency Conventions
2 Research Methodology
2.1 Secondary Research Programme
2.2 Primary Interview Programme
2.3 Market Sizing and Triangulation
2.4 Forecast Model and Scenario Design
3 Executive Summary
3.1 Market Size, CAGR and Forecast
3.2 Segment and Regional Highlights
3.3 Strategic Takeaways
4 Almond Supply, Pricing and Trade Context
4.1 Almond Production, Acreage and Yield
4.2 Shipments, Trade Flows and Inventory
4.3 Input Prices and Manufacturing Economics
5 Global Almond Butter Market Trends and Growth Drivers
5.1 Market Drivers
5.1.1 Plant-Based Protein and Nutrient Density
5.1.2 Clean-Label and Premium Formulations
5.1.3 Snacking and Industrial Applications
5.2 Market Restraints
5.2.1 Almond Cost and Crop Volatility
5.2.2 Premium Pricing and Allergen Restrictions
5.3 Porter's Five Forces Analysis
5.4 Regulatory and Labeling Environment
6 Market Size and Forecast by Product Type
6.1 Smooth Almond Butter
6.2 Crunchy Almond Butter
6.3 Flavored Almond Butter
7 Market Size and Forecast by Nature
7.1 Conventional Almond Butter
7.2 Organic Almond Butter
8 Market Size and Forecast by Packaging
8.1 Jars
8.2 Pouches and Squeeze Packs
8.3 Tubs, Pails and Other Bulk Packs
9 Market Size and Forecast by Channel and End Use
9.1 Supermarkets and Hypermarkets
9.2 Online Retail
9.3 Specialty and Natural-Food Stores
9.4 Foodservice and Direct B2B
9.5 Household, Food Manufacturing and Foodservice End Uses
10 Almond Butter Market Regional Analysis and Country Outlook
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 United Kingdom
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Netherlands
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Latin America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 Rest of Latin America
10.5 Middle East and Africa
10.5.1 United Arab Emirates
10.5.2 Saudi Arabia
10.5.3 South Africa
10.5.4 Rest of Middle East and Africa
11 Almond Butter Market Competitive Landscape and Company Share
11.1 Company Market Share and Positioning
11.2 Mergers, Investments and Product Launches
11.3 Company Profiles
11.3.1 Hormel Foods Corporation
11.3.2 The Hain Celestial Group, Inc.
11.3.3 Blue Diamond Growers
11.3.4 Once Again Nut Butter Collective, Inc.
11.3.5 Barney Butter
11.3.6 Pip & Nut Ltd.
11.3.7 Meridian Foods Limited
11.3.8 Georgia Grinders
11.3.9 Wild Friends Foods
11.3.10 Artisana Organics
12 Almond Butter Market Forecast and Opportunities
12.1 Baseline, Upside and Downside Scenarios
12.2 Product, Packaging and Application Opportunities
12.3 Strategic Recommendations
List of figures (18)
Global Almond Butter Market Value, 2021-2031
2025 Almond Butter Market Revenue by Region
California Almond Production and Yield Trend, 2021-2025
Almond Input-Cost Index and Almond Butter Retail Price Index, 2021-2026
Growth Driver Impact on Almond Butter Market CAGR
Restraint Impact on Almond Butter Market CAGR
Almond Butter Market Share by Product Type, 2025
Organic and Conventional Almond Butter Growth, 2021-2031
Almond Butter Market Share by Packaging Format, 2025
Distribution Channel CAGR Comparison, 2025-2031
Almond Butter Revenue by End Use, 2021-2031
Almond Butter Market Value by Region, 2025 and 2031
Regional Almond Butter CAGR, 2025-2031
Global Almond Butter Market Share by Region, 2025
Global Almond Butter Company Market Share, 2025
Competitive Positioning by Product Breadth and Geographic Reach
Almond Butter Market Baseline, Upside and Downside Scenarios, 2025-2031
Commercial Opportunity Attractiveness by Growth and Addressable Value
List of tables (39)
Almond Butter Market Headline Indicators, 2021, 2025 and 2031
Market Definition, Included Products and Exclusions
Executive Benchmark by Segment, Share and CAGR
California Almond Acreage, Production, Yield and Crop Value, 2021-2025
California Almond Domestic and Export Shipments, Crop Years 2021/22-2024/25
Almond Trade Flows by Leading Exporting and Importing Country
Almond Butter Cost Structure by Conventional and Organic Formulation
Almond Butter Market Driver Impact Matrix by Geography and Horizon
Almond Butter Market Restraint Impact Matrix by Geography and Horizon
Porter's Five Forces Assessment for the Almond Butter Industry
Almond Butter Value and Volume by Product Type, 2021-2031
Smooth Almond Butter Market by Region, 2025 and 2031
Crunchy and Flavored Almond Butter Market by Flavor Family
Conventional and Organic Almond Butter Value, Share and CAGR
Almond Butter Value and Volume by Packaging Format, 2021-2031
Jar, Pouch and Bulk-Pack Price Realization by Region
Almond Butter Sales by Distribution Channel, 2021-2031
Online Almond Butter Sales by Marketplace, Direct Subscription and Omnichannel Model
Almond Butter Demand by Household, Food Manufacturing and Foodservice End Use
North America Almond Butter Market by Country, 2021-2031
Europe Almond Butter Market by Country, 2021-2031
Asia-Pacific Almond Butter Market by Country, 2021-2031
Latin America Almond Butter Market by Country, 2021-2031
Middle East and Africa Almond Butter Market by Country, 2021-2031
Almond Butter Competitor Ranking, Estimated Share and Strategic Position
Mergers, Capacity Investments, Launches and Partnerships, 2024-2026
Hormel Foods Corporation Company Profile
The Hain Celestial Group, Inc. Company Profile
Blue Diamond Growers Company Profile
Once Again Nut Butter Collective, Inc. Company Profile
Barney Butter Company Profile
Pip & Nut Ltd. Company Profile
Meridian Foods Limited Company Profile
Georgia Grinders Company Profile
Wild Friends Foods Company Profile
Artisana Organics Company Profile
Baseline, Upside and Downside Almond Butter Forecast Assumptions
Opportunity Matrix by Product, Packaging, Channel and Region
Strategic Priorities for Brands, Processors, Retailers and Investors

Almond Butter Market Research Methodology

The study combines a structured company and SKU database, retail-price tracking, customs and crop data, distributor checks and primary interviews across the almond-butter value chain. Historical demand was reconstructed from 2021 and forecast through 2031 at product, packaging, channel, end-use, regional and country levels.

Market sizing

A bottom-up build of producer sales, almond-butter output, pack sizes, realized prices and industrial shipments was reconciled with a top-down view of almond availability, household penetration, retail turnover and application demand. Double counting between retail, foodservice and ingredient channels was removed at the point of first commercial sale.

Forecast basis

The forecast is driven by household penetration, usage frequency, plant-based demand, industrial applications, channel expansion, almond pricing, organic mix and packaging premiumization. Baseline, upside and downside scenarios incorporate crop availability, price elasticity, private-label intensity and regional distribution gains.

Validation

Every dataset was triangulated across supply, demand and company evidence, validated in primary interviews and reviewed by a senior food and agriculture analyst.

Primary research programme

Interviews validated channel margins, realized pricing by pack type, smooth-versus-crunchy output, organic premiums, food-manufacturing demand, oil-separation tolerances and regional definitions of premium almond butter. Respondents also tested the forecast assumptions for crop-cost pass-through, private-label growth and Asian market entry.

By company tier
Top tier37%
Mid tier41%
Smaller players22%
By seniority
C-level / founders29%
Functional / unit leaders46%
Managers / specialists25%
By region
Americas44%
EMEA33%
Asia-Pacific23%
Participants interviewed
Almond growers and handlersNut-butter processors and co-manufacturersBranded almond-butter companiesOrganic-certification and quality specialistsPackaging suppliersGrocery and natural-food retail buyersE-commerce category managersFoodservice distributors and operatorsBakery, snack, beverage and dairy-alternative manufacturers
Secondary sources
Tier 1
Official government & intergovernmental statistics
Tier 2
Industry associations & regulators
Tier 3
Company filings & business press
National statistics offices and agricultural authoritiesCustoms authorities and UN Comtrade trade dataAlmond growers, processors and industry associationsCompany annual reports, investor disclosures and product catalogsFood-labeling, competition and tax authoritiesRetail assortment, pricing and e-commerce observations

Frequently asked questions

How large is the global almond butter market?

The global almond butter market was valued at USD 1.05 billion in 2025.

What will the almond butter market be worth in 2031?

Global almond butter revenue will reach USD 1.77 billion by 2031.

What is the forecast CAGR for almond butter?

The market will expand at a 9.1% CAGR from 2025 through 2031.

Which region has the largest almond butter market share?

North America leads with 42.8% of 2025 global value, supported by mature U.S. retail distribution and proximity to California almond supply.

Which region is growing fastest?

Asia-Pacific is the fastest-growing region and will expand at an 11.8% CAGR through 2031.

Which almond butter product type leads the market?

Smooth almond butter leads with 57.2% of 2025 market value. Flavored almond butter is the fastest-growing product type at an 11.4% CAGR.

Which companies lead the almond butter market?

Leading participants include Hormel Foods through Justin's, Hain Celestial through MaraNatha, Blue Diamond Growers, Once Again, Barney Butter, Pip & Nut, Meridian Foods and Georgia Grinders.

What products are included in the almond butter market?

The market includes smooth, crunchy and flavored almond butter sold in consumer jars, pouches and bulk packs, together with almond butter supplied to foodservice and food manufacturers.

Why is pouch-packaged almond butter growing quickly?

Pouches create portable sports, travel, workplace and lunchbox occasions while lowering the entry price for trial. The format will grow at a 12.6% CAGR through 2031.

How does almond supply affect market profitability?

California production, grower prices, yield and shipment conditions directly influence global ingredient costs. Vertically integrated processors and brands with multi-year procurement arrangements have the strongest margin protection.

Where are the best commercial opportunities?

The strongest opportunities are flavored low-sugar products, single-serve pouches, organic formulations, industrial almond butter for bars and dairy alternatives, and premium expansion across Asia-Pacific.

Have a question about this report?

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IR
Isabella Romano
Lead Food & Beverage Analyst, shev.io Research
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