Global Almond Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Category;

Organic and Conventional.

By Packaging Type;

Bottles, Cans, and Cartons.

By Distribution Channel;

Store-Based - Supermarkets & Hypermarkets, Convenience Stores, and Others, Non-Store-Based.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn383144414 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Almond Milk Market (USD Million), 2021 - 2031

In the year 2024, the Global Almond Milk Market was valued at USD 5,742.60 million. The size of this market is expected to increase to USD 13,577.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.1%.

The global almond milk market has witnessed a significant surge in demand, driven by growing health consciousness, increasing lactose intolerance, and the rising popularity of plant-based beverages. Almond milk, a dairy-free alternative to cow’s milk, is made by blending almonds with water and then straining the mixture. This plant-based milk offers several health benefits, including lower calories, no cholesterol, and the presence of essential vitamins and minerals like vitamin E and magnesium. The global shift toward healthier lifestyles, sustainability concerns, and the demand for cruelty-free products has contributed to the increased popularity of almond milk as a dairy-free substitute.

The almond milk market is largely driven by the increasing adoption of vegan and vegetarian diets, the growing awareness of lactose intolerance and other dietary restrictions, and the surge in the number of people opting for plant-based diets. Furthermore, almond milk is considered to be more environmentally friendly compared to traditional dairy milk due to the lower carbon footprint associated with almond cultivation and the reduced greenhouse gas emissions. In addition, almond milk is free from common allergens found in dairy milk, making it an attractive choice for individuals with lactose intolerance, dairy allergies, or those seeking to reduce their consumption of animal-based products.

Market growth is also supported by the increasing product innovation and variety offered by manufacturers. Almond milk is available in both organic and conventional forms, catering to a wide range of consumer preferences and dietary requirements. Organic almond milk, which is produced from almonds grown without the use of synthetic pesticides or fertilizers, appeals to environmentally-conscious consumers and those seeking organic, non-GMO, and pesticide-free products. Conventional almond milk, on the other hand, is more affordable and widely accessible, making it a popular choice for everyday use.

Another driving factor in the almond milk market is the rise in retail offerings and the expansion of distribution channels. Almond milk can now be easily found in supermarkets, hypermarkets, convenience stores, and health food stores, ensuring widespread access to consumers. Additionally, the growing trend of non-store-based distribution, such as online shopping platforms and direct-to-consumer channels, has allowed consumers to access a broader range of almond milk products at competitive prices. The convenience of online purchasing, along with the increasing number of specialty health and wellness e-commerce platforms, has accelerated market growth, particularly in regions where access to physical stores may be limited.

Geographically, the almond milk market is experiencing strong growth across various regions. North America and Europe are the largest markets for almond milk, fueled by high consumer awareness, increasing health-consciousness, and a high adoption rate of plant-based products. The Asia Pacific region is also emerging as a key growth area, driven by the rising demand for dairy alternatives in countries like China, India, and Japan, where lactose intolerance is prevalent, and more consumers are turning to plant-based products for health and environmental reasons.

Despite its growth, the almond milk market faces certain challenges, including price sensitivity and the high cost of almond-based products compared to traditional dairy milk. Additionally, concerns over water usage for almond cultivation and potential supply chain disruptions in almond-growing regions have impacted the market’s growth. However, the benefits of almond milk, combined with ongoing product innovations and the increasing focus on plant-based alternatives, suggest that the market is poised for continued expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Category
    2. Market Snapshot, By Packaging Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Almond Milk Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health and Wellness Trends
        2. Increasing Lactose Intolerance and Dairy Allergies
        3. Rise in Vegan and Plant-Based Lifestyles
      2. Restraints
        1. High Cost of Almond Milk
        2. Environmental Concerns Over Almond Farming
        3. Challenges in Supply Chain and Almond Sourcing
      3. Opportunities
        1. Product Innovation and Flavors
        2. Expansion into Emerging Markets
        3. Collaborations with Plant-Based Brands and Retailers
    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 Milk Market, By Category, 2021 - 2031 (USD Million)
      1. Organic
      2. Conventional
    2. Global Almond Milk Market, By Packaging Type, 2021 - 2031 (USD Million)
      1. Bottles
      2. Cans
      3. Cartons
    3. Global Almond Milk Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Store-Based
        1. Supermarkets & Hypermarkets
        2. Convenience Stores
        3. Others
      2. Non-Store-Based
    4. Global Almond Milk 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. Danone
      2. Califia Farms
      3. Blue Diamond Growers
      4. Elmhurst Milked Direct LLC
      5. Malk Organics
      6. Pacific Foods of Oregon, LLC
      7. Hain Celestial Group
      8. Natura Foods
      9. Daiya Foods Inc.
      10. SunOpta Inc.
      11. Three Trees Organic
      12. Rude Health
      13. Orgain, Inc.
      14. New Barn Organics
      15. Hiland Dairy Foods Company
  7. Analyst Views
  8. Future Outlook of the Market