Global Almond Based Dairy Alternatives Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Formulation;

Plain & Sweetened, Flavoured & Unsweetened, Flavoured & Sweetened, and Plain & Unsweetened.

By Nutritive;

Protein, Vitamins, and Carbohydrates.

By Brands;

Silk, Blue Diamond, So Delicious, Califia Farms, Dream, and Others.

By Application;

Food and Beverages.

By Distribution Channel;

Supermarkets/Hypermarkets, Online, and Specialized Stores.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn003169471 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Almond Based Dairy Alternatives Market (USD Million), 2021 - 2031

In the year 2024, the Global Almond Based Dairy Alternatives Market was valued at USD 2413.47 million. The size of this market is expected to increase to USD 6419.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.0%.

The global market for almond-based dairy alternatives has experienced significant growth in recent years, driven by increasing consumer demand for plant-based and lactose-free products. Almond-based dairy alternatives, such as almond milk and almond yogurt, have gained popularity among health-conscious consumers seeking alternatives to traditional dairy products. These alternatives are known for their creamy texture, nutty flavor, and nutritional benefits, including being rich in vitamins, minerals, and antioxidants.

One of the key factors fueling the growth of the almond-based dairy alternatives market is rising awareness about lactose intolerance and dairy allergies. Almond milk, in particular, has emerged as a popular substitute for cow's milk due to its lactose-free nature and perceived health benefits. It is often fortified with calcium, vitamin D, and other nutrients to mimic the nutritional profile of dairy milk.

Changing dietary preferences, including the increasing adoption of vegan and plant-based diets, have also contributed to the market expansion. Almond-based dairy alternatives are seen as sustainable options compared to traditional dairy farming, which appeals to environmentally conscious consumers. The versatility of almond-based products, which can be used in various culinary applications from beverages to desserts, further enhances their market appeal.

In response to growing demand, manufacturers are innovating with new flavors, formulations, and packaging designs to attract a broader consumer base. The market's dynamism is also reflected in strategic collaborations and expansions by key players to capitalize on regional preferences and market opportunities worldwide. As consumer preferences continue to evolve towards healthier and more sustainable choices, the almond-based dairy alternatives market is poised for continued growth and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Formulation
    2. Market Snapshot, By Nutritive
    3. Market Snapshot, By Brands
    4. Market Snapshot, By Application
    5. Market Snapshot, By Distribution Channel
    6. Market Snapshot, By Region
  4. Global Almond Based Dairy Alternatives Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health-conscious consumers

        2. Rise in lactose intolerance

        3. Growing dairy allergy awareness

        4. Innovation in product formulations

      2. Restraints
        1. Price volatility of almonds

        2. Limited product variety

        3. Perception of taste compared to dairy

        4. Distribution challenges in certain regions

      3. Opportunities
        1. Expansion in emerging markets

        2. Partnerships with foodservice industry

        3. Clean label and organic trends

        4. Nutrient enrichment innovations

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Almond Based Dairy Alternatives Market, By Formulation, 2021 - 2031 (USD Million)
      1. Plain & Sweetened
      2. Flavoured & Unsweetened
      3. Flavoured & Sweetened
      4. Plain & Unsweetened
    2. Global Almond Based Dairy Alternatives Market, By Nutritive, 2021 - 2031 (USD Million)
      1. Protein
      2. Vitamins
      3. Carbohydrates
    3. Global Almond Based Dairy Alternatives Market, By Brands, 2021 - 2031 (USD Million)
      1. Silk
      2. Blue Diamond
      3. So Delicious
      4. Califia Farms
      5. Dream
      6. Others
    4. Global Almond Based Dairy Alternatives Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Beverages
    5. Global Almond Based Dairy Alternatives Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Online
      3. Specialized Stores
    6. Global Almond Based Dairy Alternatives Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Blue Diamond Growers (Almond Breeze)
      2. Califia Farms
      3. Danone (Silk)
      4. Pacific Foods
      5. MALK Organics
      6. Elmhurst 1925
      7. New Barn Organics
      8. Mamma Chia
      9. Dream (Hain Celestial Group)
      10. Ripple Foods
  7. Analyst Views
  8. Future Outlook of the Market