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    Almond Milk Market

    ID: MRFR/F-B & N/2126-CR
    128 Pages
    Varsha More
    February 2021

    Almond Milk Market Research Report By Product Type (Sweetened Almond Milk, Unsweetened Almond Milk, Flavored Almond Milk, Organic Almond Milk), By Packaging Type (Carton, Tetra Pack, Bottle, Pouch), By Distribution Channel (Supermarkets, Health Food Stores, Online Retailers, Convenience Stores), By End Use (Household, Food Service, Beverage Industry) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Almond Milk Market Infographic
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    Almond Milk Market Summary

    As per Market Research Future Analysis, the Global Almond Milk Market is experiencing significant growth, driven by increasing health consciousness and a shift towards plant-based diets. The market size was estimated at 7.94 USD Billion in 2024 and is projected to reach 28.26 USD Billion by 2035, with a CAGR of 12.23% from 2025 to 2035. Key drivers include rising lactose intolerance, the adoption of vegan diets, and innovations in product development. The market is also benefiting from expanding distribution channels, including e-commerce, which enhances consumer accessibility.

    Key Market Trends & Highlights

    The Global Almond Milk Market is characterized by several key trends.

    • Market Size in 2024: 7.94 USD Billion; projected to reach 28.26 USD Billion by 2035.
    • 39% of consumers seek non-dairy alternatives due to lactose intolerance and health concerns.
    • Flavored almond milk products have seen a sales growth of approximately 20% year-on-year.
    • The number of vegans has risen by 600% globally in the past three years.

    Market Size & Forecast

    2024 Market Size USD 7.94 Billion
    2035 Market Size USD 28.26 Billion
    CAGR (2025-2035) 12.23%

    Major Players

    Key Companies include Earth Balance, MALK Organics, Pure Harvest, Ripple Foods, Silk, Minor Figures, Vegan Deluxe, So Delicious, Blue Diamond Growers, Dream, Reed's, Inc., Oatly, Califia Farms, Almond Breeze, Nutty Life.

    Almond Milk Market Trends

    More and more people are becoming health-conscious, which is driving the Almond Milk Market. Many people are switching to plant-based diets because they think they are better for their health. Almond milk is a popular option for those who want to lose or maintain their weight since it has fewer calories than dairy milk. Also, more people are looking for dairy-free options since they are becoming more conscious of lactose intolerance and dairy allergies. Almond milk is becoming more popular as a good choice.

    There are a lot of chances for new products to come out in the Almond Milk Market. Companies are looking at flavoured and fortified choices to meet the needs of different customers.

     This means adding vitamins, minerals, and other ingredients to almond milk to make it healthier, which will appeal to health-conscious consumers. Also, the rise of eco-friendly and sustainable packaging might appeal to environmentally concerned shoppers, giving firms a chance to stand out in a crowded market. Almond milk is becoming more and more common in foods other than drinks, such as baked goods, ice cream, and cereals. This change in consumer behavior shows that almond milk is no longer merely a drink; it can also be utilized in many different ways in cooking.

     Also, businesses are focusing on the environmental advantages of almond cultivation and the fact that almond milk might be an eco-friendlier choice than regular dairy because of worries about sustainability. All of these things are changing the Almond Milk Market.

    The growing consumer preference for plant-based alternatives, driven by health consciousness and environmental concerns, appears to be reshaping the landscape of the dairy market, with almond milk emerging as a prominent choice.

    U.S. Department of Agriculture

    Almond Milk Market Drivers

    Market Growth Projections

    Diverse Product Innovations

    Innovation within the Global Almond Milk Market Industry plays a crucial role in attracting a broader consumer base. Manufacturers are increasingly introducing flavored and fortified almond milk products, catering to diverse tastes and nutritional needs. For instance, options enriched with protein, calcium, or additional vitamins are becoming more prevalent. This diversification not only enhances consumer choice but also encourages trial among those who may not have previously considered almond milk. As a result, the market is likely to see sustained growth, with projections indicating a rise to 10 USD Billion by 2035, driven by these innovative offerings.

    Rising Health Consciousness

    The increasing awareness of health and wellness among consumers appears to be a primary driver for the Global Almond Milk Market Industry. As individuals seek alternatives to dairy due to lactose intolerance or dietary preferences, almond milk emerges as a popular choice. Its low-calorie content, absence of cholesterol, and rich nutrient profile, including vitamin E, contribute to its appeal. In 2024, the market is projected to reach 3.08 USD Billion, reflecting a growing trend towards plant-based diets. This shift in consumer behavior suggests that the demand for almond milk will continue to rise, potentially leading to a market valuation of 10 USD Billion by 2035.

    Growing Vegan and Plant-Based Diet Trends

    The rise of veganism and plant-based diets is a significant driver for the Global Almond Milk Market Industry. As more individuals adopt these lifestyles, the demand for non-dairy alternatives like almond milk continues to grow. This trend is supported by a broader cultural shift towards plant-based eating, which is often associated with health benefits and ethical considerations. The market is poised for substantial growth, with projections indicating a compound annual growth rate of 11.3% from 2025 to 2035. As the plant-based movement gains momentum, almond milk is likely to play an increasingly prominent role in consumers' diets.

    Increased Availability in Retail Channels

    The expansion of retail channels significantly contributes to the growth of the Global Almond Milk Market Industry. Supermarkets, health food stores, and online platforms are increasingly stocking a variety of almond milk products, making them more accessible to consumers. This enhanced availability is crucial, as it allows consumers to easily incorporate almond milk into their diets. The convenience of purchasing almond milk through various channels is likely to support market growth, with the industry projected to reach 3.08 USD Billion in 2024. As more consumers discover almond milk, its market presence is expected to strengthen.

    Sustainability and Environmental Concerns

    Sustainability issues are increasingly influencing consumer choices, particularly in the food and beverage sector. The Global Almond Milk Market Industry benefits from this trend, as almond milk is perceived as a more environmentally friendly alternative to dairy milk. Almond cultivation generally requires less water than traditional dairy farming, which resonates with eco-conscious consumers. This growing preference for sustainable products is likely to drive market growth, with an anticipated compound annual growth rate of 11.3% from 2025 to 2035. As consumers prioritize sustainability, almond milk's market share is expected to expand significantly.

    Market Segment Insights

    Almond Milk Market Product Type Insights

    The Almond Milk Market has exhibited a robust trajectory, particularly within its Product Type segmentation, where diverse varieties cater to varied consumer preferences. By 2024, the total valuation of this segment is expected to encompass an overall market value of approximately 3.08 USD Billion.

    Among the different product types, Sweetened Almond Milk commands a significant share, forecasting a valuation of 0.936 USD Billion in 2024, and demonstrating its appeal to consumers seeking sweeter options, thereby establishing a majority holding within the market.Unsweetened Almond Milk follows closely with a valuation of 0.921 USD Billion in 2024, driven by health-conscious trends favoring lower sugar content, making it an essential choice for those prioritizing a clean label product.

    The Flavored Almond Milk segment, valued at 0.619 USD Billion in 2024, captures the attention of consumers looking for unique taste experiences, reflecting a shift towards innovative flavor offerings in the market.

    Meanwhile, Organic Almond Milk, valued at 0.604 USD Billion in 2024, caters to the increasing demand for organic products that align with sustainable practices, indicating its importance for eco-conscious consumers.As the Almond Milk Market continues to expand, these product types not only enhance market growth but signify a broader trend towards plant-based and dairy alternatives, with each segment playing a critical role in addressing varying consumer demands across the globe. The diversity within these segments illustrates an adaptation to evolving dietary preferences, underlining the dynamic nature of the Almond Milk Market.

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Almond Milk Market Packaging Type Insights

    The Almond Milk Market exhibits notable growth, with the Packaging Type segment playing a crucial role in its expansion. As of 2024, the overall market is expected to be valued at 3.08 USD Billion, with the trend continuing in the coming years. The market segmentation for Packaging Type includes several forms such as Carton, Tetra Pack, Bottle, and Pouch. Each of these options serves distinct consumer preferences and functional needs.

    Cartons and Tetra Packs are significant in the market due to their convenience and sustainability features, appealing to eco-conscious consumers.Bottles offer a premium look and are favored for on-the-go consumption, while Pouches provide innovative packaging solutions that cater to convenience-seeking customers. The versatility of these packaging forms supports market growth by meeting diverse consumer demands across various regions globally. Factors driving this market segment include increasing health awareness and adoption of plant-based diets. Overall, the Almond Milk Market data indicates a strong trajectory, highlighting the importance of packaging in influencing consumer choices and enhancing product accessibility in various retail environments.

    Almond Milk Market Distribution Channel Insights

    The Almond Milk Market revenue has been experiencing significant growth, particularly through various distribution channels, which are essential for reaching diverse consumer segments. By 2024, the market is projected to be valued at 3.08 USD Billion, reflecting a burgeoning interest in plant-based beverages. Supermarkets play a crucial role in the distribution of almond milk, offering extensive access to customers looking for easy and convenient purchases.

    Health food stores, on the other hand, cater to health-conscious consumers, often providing a range of organic and specialty almond milk options that appeal to this growing demographic.Online retailers have gained traction due to the demand for convenience and home delivery services, becoming increasingly popular among busy consumers. Convenience stores also contribute, particularly in urban settings, facilitating impulse buys and quick purchases. Overall, these channels collectively contribute to the Almond Milk Market segmentation, responding to changing consumer preferences and lifestyle, thereby driving market growth.

    The trends indicate a robust demand fueled by health awareness and eco-consciousness, positioning almond milk as a staple choice for many consumers globally.

    Almond Milk Market End Use Insights

    The Almond Milk Market, with a projected revenue of 3.08 USD Billion in 2024, showcases dynamic segments focusing on End Use, significantly influenced by consumer preferences towards healthier options. The Household segment has seen substantial growth as more consumers adopt plant-based diets, contributing to the rising demand for almond milk as a dairy alternative. The Food Service segment is evolving, driven by various restaurants and cafes incorporating almond milk into their offerings, catering to health-conscious patrons.

    The Beverage Industry is also witnessing a shift, with almond milk being utilized in smoothies, coffees, and other beverages, reflecting the growing trend of personalized nutrition.As the Almond Milk Market data illustrates, these segments not only represent diverse applications but also underline the industry's potential for expansion, with an expected compound annual growth rate (CAGR) of 11.3 percent from 2025 to 2035. The increasing adoption of almond milk across these segments indicates a move towards a more sustainable and health-oriented consumer base, presenting significant opportunities for growth while addressing challenges such as market competition and sourcing raw materials.

    Get more detailed insights about Almond Milk Market Research Report - Global Forecast till 2035

    Regional Insights

    The Almond Milk Market has shown significant regional variations, reflecting diverse consumer preferences and market dynamics. In 2024, North America leads with a valuation of 1.2 USD Billion, projected to grow to 4.0 USD Billion by 2035, highlighting its majority holding in the market, driven by increasing health awareness and demand for plant-based alternatives. Europe follows, valued at 0.9 USD Billion in 2024 and expected to reach 3.0 USD Billion in 2035, as consumers increasingly prioritize lactose-free options and sustainability.

    South America, although smaller, shows promising growth with valuations of 0.3 USD Billion in 2024, growing to 1.0 USD Billion by 2035, indicating rising acceptance of almond milk.The Asia Pacific region, valued at 0.5 USD Billion in 2024 and forecasted to reach 1.8 USD Billion by 2035, reflects growing urbanization and changing dietary habits that favor dairy alternatives. Lastly, the Middle East and Africa lag behind with a valuation of 0.18 USD Billion in 2024, projected to reach 0.2 USD Billion by 2035, representing a nascent market with potential for growth driven by increasing health consciousness.

    Each region plays a crucial role in the overall landscape of the Almond Milk Market, with North America and Europe positioned as the most dominant players due to their established markets and consumer demand for innovative, health-oriented products.

    Almond Milk Market Regional Insights

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Almond Milk Market has seen significant growth due to rising consumer preference for plant-based alternatives and increasing awareness about health and wellness. Competitive insights reveal that companies within this space are leveraging innovative marketing strategies, product diversification, and sustainability initiatives to capture market share. With a variety of brands vying for the attention of health-conscious consumers, the landscape is characterized by heightened competition driven by both established players and emerging startups.

    The market dynamics are influenced by changing consumer behaviors, demand for lactose-free options, and the growing vegan lifestyle, prompting companies to diversify their offerings and enhance product visibility through various distribution channels. As a result, significant investment in research and development, as well as branding, has become essential for maintaining a competitive edge in this rapidly evolving sector.Pacific Foods has carved out a notable presence in the Almond Milk Market with its emphasis on natural and organic ingredients, ensuring that their products appeal to health-conscious consumers.

    The brand is recognized for its commitment to sustainability, sourcing high-quality almonds, and producing almond milk that prioritizes nutritional value without artificial additives. Its strengths lie in effective marketing strategies, robust distribution networks, and a loyal customer base that appreciates wholesome, plant-based options. Furthermore, Pacific Foods consistently develops innovative flavors and formulations, allowing it to cater to diverse consumer preferences and adapt to the shifting demands of the market.

    This commitment to quality and innovation solidifies Pacific Foods’ position in the competitive landscape of almond milk.Elmhurst 1925 stands out in the Almond Milk Market with its dedication to transparent ingredient sourcing and a focus on minimal processing, which appeals to consumers looking for authenticity and quality in plant-based products. The company has made a name for itself with its unique approach to producing almond milk with a simple ingredient list, allowing for greater purity and taste. Elmhurst 1925 offers a range of almond milk varieties, including unsweetened and flavored options, thus catering to various consumer tastes.

    The company maintains a strong market presence through direct-to-consumer sales channels, enhancing accessibility for its loyal customer base. Elmhurst 1925 is also known for its innovative approach in product development, which has attracted attention and fostered partnerships with other brands, thereby enabling key mergers and acquisitions that strengthen its market position. Overall, Elmhurst 1925's focus on quality, transparency, and innovation contributes to its competitive advantage in the rapidly growing almond milk segment on a scale.

    Key Companies in the Almond Milk Market market include

    Industry Developments

    The Almond Milk Market has recently been influenced by several notable developments and current affairs. A significant shift in consumer preferences towards plant-based alternatives has led to an increased demand for almond milk, with companies like Pacific Foods and Elmhurst 1925 expanding their product offerings to cater to health-conscious consumers. In February 2023, Blue Diamond Growers announced their plans for an expansion in production capacity to meet the rising demand. Additionally, in March 2023, Silk launched a new line of almond milk products targeting the growing organic segment.

    In terms of mergers and acquisitions, April 2023 saw So Delicious Dairy Free acquire Nutty Life, enhancing its portfolio in the non-dairy segment. Vitasoy International Holdings has also made strides by increasing its market share through strategic partnerships. The market valuation is expected to grow significantly, driven by health trends and broader acceptance of dairy alternatives. In the past two years, Califia Farms has experienced substantial growth, further demonstrating the robustness of the almond milk market on a scale. The surge in almond milk popularity reflects changing dietary preferences and an increased focus on plant-based nutrition across various regions.

    Future Outlook

    Almond Milk Market Future Outlook

    The Global Almond Milk Market is projected to grow at an 12.23% CAGR from 2025 to 2035, driven by rising health consciousness, vegan trends, and innovative product offerings.

    New opportunities lie in:

    • Develop fortified almond milk products targeting specific health benefits.
    • Expand distribution channels through e-commerce platforms and retail partnerships.
    • Invest in sustainable sourcing and packaging to appeal to eco-conscious consumers.

    By 2035, the market is expected to achieve substantial growth, solidifying its position as a leading alternative dairy segment.

    Market Segmentation

    Almond Milk Market End Use Outlook

    • Household
    • Food Service
    • Beverage Industry

    Almond Milk Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Almond Milk Market Product Type Outlook

    • Sweetened Almond Milk
    • Unsweetened Almond Milk
    • Flavored Almond Milk
    • Organic Almond Milk

    Almond Milk Market Packaging Type Outlook

    • Carton
    • Tetra Pack
    • Bottle
    • Pouch

    Almond Milk Market Distribution Channel Outlook

    • Supermarkets
    • Health Food Stores
    • Online Retailers
    • Convenience Stores

    Report Scope

    Report Attribute/Metric

    Details

    Market Size 2024

    3.08(USD Billion)

    Market Size 2035

    28.26 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    12.23% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    Pacific Foods, Elmhurst 1925, Blue Diamond Growers, Silk, Vitasoy International Holdings, Alpro, MALK Organics, So Delicious Dairy Free, Califia Farms, Dream

    Segments Covered

    Product Type, Packaging Type, Distribution Channel, End Use, Regional

    Key Market Opportunities

    Rising vegan and vegetarian trends, Growing health-conscious consumer base, Expansion in foodservice and cafes, Innovations in flavors and formulations, Sustainable packaging solutions.

    Key Market Dynamics

    growing health consciousness, increasing vegan population, rising dairy alternatives demand, product innovation and flavor variety, sustainable sourcing practices

    Countries Covered

    North America, Europe, APAC, South America, MEA

    Market Size 2025 8.91 (USD Billion)



    Market Highlights

    Author
    Varsha More
    Research Analyst

    Experienced business professional with a demonstrated history of working in the CFnB industry. Skilled in market research, and market estimation. Strong professional with a Masters focused in marketing management.

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    FAQs

    What is the expected market size of the Almond Milk Market in 2024?

    The Almond Milk Market is expected to be valued at 3.08 billion USD in 2024.

    What is the projected market size for the Almond Milk Market by 2035?

    By 2035, the Almond Milk Market is projected to reach a valuation of 10.0 billion USD.

    What is the expected CAGR for the Almond Milk Market from 2025 to 2035?

    The expected CAGR for the Almond Milk Market from 2025 to 2035 is 11.3 percent.

    Which region is expected to dominate the Almond Milk Market in 2024?

    North America is expected to dominate the Almond Milk Market with a value of 1.2 billion USD in 2024.

    How much is the North American segment of the Almond Milk Market projected to be worth by 2035?

    The North American segment of the Almond Milk Market is projected to be worth 4.0 billion USD by 2035.

    What are the market values for Sweetened Almond Milk in 2024 and 2035?

    Sweetened Almond Milk is valued at 0.936 billion USD in 2024 and is expected to reach 2.964 billion USD by 2035.

    What is the market size for Unsweetened Almond Milk in 2024?

    The market size for Unsweetened Almond Milk is 0.921 billion USD in 2024.

    Who are the key players in the Almond Milk Market?

    Key players in the Almond Milk Market include Pacific Foods, Elmhurst 1925, Blue Diamond Growers, and Silk.

    What is the projected market value for Organic Almond Milk in 2035?

    The projected market value for Organic Almond Milk is 2.1 billion USD by 2035.

    Which region shows the lowest market value in 2024 for the Almond Milk Market?

    The Middle East and Africa show the lowest market value at 0.18 billion USD in 2024.

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