Almond Milk Market

Almond Milk Market Outlook

The global demand for almond milk is expected to experience growth from its estimated USD 5895.8 million in 2024 to USD 14193.79 million in 2034. The almond milk market is projected to advance at a 9.2% CAGR over the projected period.

The revenue growth in the vanilla almond milk industry can be attributed, in large part, to the rising prevalence of lactose intolerance. Growing health concerns and difficulties have resulted in more costly surgeries, and the number of bariatric procedures is one of the main factors fostering the industry expansion of non-dairy almond milk.

Attributes	Details
Market Value for 2024	USD 5895.8 million
Market Value for 2034	USD 14193.79 million
Market CAGR from 2024 to 2034	9.2%

Catalysts for Global Almond Milk Market Growth

The rising number of individuals who are lactose intolerant is a major contributing reason to the growth of the global market revenue. People with lactose intolerance should seek out suitable dairy substitutes because the symptoms can be very uncomfortable. Due to this, the demand for almond milk has an immense opportunity to expand.

Almond milk is favorable for individuals with hypercholesterolemia due to its content of polyunsaturated fatty acids, which also help reduce inflammation and blood cholesterol levels. This contributes to increased almond milk market revenue growth.

Its versatility is expected to fuel the global packaged almond milk market's revenue expansion throughout the projection period. The demand for frozen desserts is significantly impacted by it. The manufacture of almond milk beverages also makes extensive use of it. Almond milk is a common ingredient in many products in the personal hygiene and organic cosmetics sectors. These factors are likely going to encourage market revenue expansion of almond milk.

Market Opportunities in the Almond Milk Sector

• Due to health concerns, lactose intolerance, and dairy allergies, consumers are choosing healthier plant-based milk beverage options more frequently. Given its nutritional advantages, almond milk is a good fit for this trend.
• Attracting environmentally aware customers is achievable by highlighting ethical production methods, eco-friendly packaging, and sustainable sourcing procedures. Brand reputation is often enhanced through corporate social responsibility activities and supply chain transparency, escalating the demand for almond milk.
• Globally, the shift toward plant-based diets is gaining traction. Almond milk provides a good substitute for dairy milk to satisfy the needs of flexitarians, vegetarians, and vegans alike.

Attributes	Details
Market Value for 2019	USD 4034.1 million
Market CAGR from 2019 to 2023	8.54%

Setbacks Encountered by the Almond Milk Sector

• Compared to dairy alternatives, almond milk has less protein, which may raise worries among some customers about the nutritional value of the beverage. As a result, people who prioritize their protein consumption are less likely to adopt it.
• Almond milk costs more than regular dairy alternatives and other plant-based milk substitutes. Almond milk is not widely accepted if consumers are price-sensitive.
• Almond milk is difficult to consistently fortify with nutrients, which results in fluctuations in nutritional value between batches or brands. The lack of uniformity hinders some customers looking for particular nutrient levels.

Category-wise Outlook

The segmented almond milk market analysis is included in the following subsection. Based on comprehensive studies, the liquid sector is leading the form category, and the original/unflavored segment is commanding the flavor type category.

Liquid Segment’s Dominance in Sales of Almond Milk

Segment	Liquid
Share (2024)	84.4%

• The liquid segment's dominance in the market is strengthened by consumer preference for quick and easy pouring.
• Since it can be used for a wide range of culinary purposes, liquid almond milk has a broad market appeal and consistently high sales of almond milk products.
• One factor contributing to the liquid segment's predominance in the almond milk market is its ease of storage and refrigeration.
• The quick adoption of liquid almond milk by cafés and food service businesses highlights its sales advantage and reflects the changing tastes of consumers.

Original/Unflavored Almond Milk Resonates with Minimalist Trends

Segment	Original/Unflavored
Share (2024)	71.2%

• The rising sales of original/unflavored almond milk, which appeals to a wider range of consumers, is fueled by consumer preference for a clear, neutral taste.
• The original/unflavored sector benefits from the growing trend towards product ingredient minimalism, as customers want clear and straightforward food options.
• Health-conscious consumers highly value the original/unflavored almond milk due to its natural and unadulterated nutritional profile.
• Due to its versatility, original/unflavored almond milk can be used as a base in a wide range of culinary applications, increasing its market share overall.

Country-wise Analysis

Key economies like the United States, Germany, China, Japan, and India had their markets for almond milk examined. Significant revenue potential for almond milk exists in India, according to a thorough analysis. This is a great chance for vendors and producers of almond milk to increase their market share and meet the increasing demand in the Indian market.

Almond Milk's Escalation in India's Dietary Landscape

Country	India
CAGR (2024 to 2034)	12.6%

• Almond milk is ideal in India's growing dairy-free market due to its high nutritional content and environmental sustainability.
• The adoption of premium almond milk products in India's metropolitan areas is driven by rising urbanization and disposable money.
• The smooth adoption of almond milk into regional dietary customs is facilitated by the customary usage of almonds in Indian cuisine.

Almond Milk Nourishes Japan's Health-Conscious Lifestyle

Nation	Japan
CAGR (2024 to 2034)	10.8%

• As more people in Japan choose healthier lifestyles, almond milk becomes more popular as a dairy alternative.
• Specialized almond milk options are encouraged to advance in the market by Japanese customers' preference for high-quality, innovative items.
• Almond milk is becoming a trend in Japan over traditional dairy products, partly due to growing worries about the environmental impact.

Almond Milk Cultivates a Healthy Wave in China

Nation	China
CAGR (2024 to 2034)	9.1%

• Due to its correlation with well-being and the growing trend of choosing healthier beverage options, almond milk is becoming increasingly popular in China.
• Online platforms and e-commerce greatly influence the accessibility and distribution of almond milk goods in the Chinese market.
• The potential of almond milk as a dairy alternative is consistent with government efforts to curtail dairy consumption to promote environmental sustainability.

Almond Milk's Triumph in the United States Beverages

Nation	United States
CAGR (2024 to 2034)	8.1%

• The extensive adoption of almond milk across many demographic groups in the United States results from the rise in veganism and plant-based diets.
• The United States market's ecologically conscious consumers find great resonance in almond milk's relationship with sustainability.
• The United States consumer base for almond milk grows due to its incorporation into the popular coffee culture, such as chains of coffee shops.

Almond Milk's Resonance with Health-Conscious Germany

Nation	Germany
CAGR (2024 to 2034)	6.5%

• The adoption of almond milk as a sustainable and ethical beverage alternative is bolstered by German consumers' awareness of the environment.
• The availability of locally sourced and organic almond milk products aligns nicely with the interests of German consumers who care about the environment.
• Plant-based diets are becoming progressively more prominent in Germany, where almond milk is becoming popular.

Competitive Analysis

A few major almond milk vendors control most of the highly competitive market. Using their well-established presence and wide range of products, prominent almond milk producers include Daiya Foods Inc., Hain Celestial Group, and Whitewave Foods. Important roles are also played by Sunopta Inc. and Blue Diamond Growers, which support the market expansion of almond milk.

Various well-known brands, including Califia Farms LLC, Tofutti Brands Inc., and Earth's Own Food Company Inc., are present in the almond milk market; each offers distinctive features and flavors to suit the consumer's tastes. With their organic and alternative formulations, Malk Organics LLC and Pacific Foods of Oregon LLC enhance the almond milk sector.

In addition, Hiland Dairy Foods, Sanitarium, and Galaxy Nutritional Foods, Inc. maintain a wide range of options for customers by contributing to the competitive dynamics. SunOpta Inc. is solidifying its place in the almond milk industry by giving customers more options and encouraging innovation.

The almond milk suppliers in the competitive environment are concentrating on product development, sustainability, and marketing strategies to meet the increasing demand for plant-based alternatives. The wide spectrum of almond milk providers reflects the dynamic nature of the market and the ongoing shift in consumer preferences. To keep their competitive advantage as the market grows, these major almond milk vendors are likely to continue innovating and adapting.

Notable Developments

Company	Details
SunOpta Inc.	To produce sustainable goods, SunOpta Inc. invested USD 100 million to build a sterile alternative milk plant in Midlothian, which was finished in October 2022.
Califia Farms	Califia Farms introduced the calcium and vitamin D-containing Unsweetened Almond Barista Blend in April 2022.
Danone	Danone North America debuted Silk Extra Creamy Almondmilk, a new product in its almond milk lineup that combines three different kinds of almonds, in January 2022.
Blue Diamond	Blue Diamond launched Almond Breeze Extra Creamy Almondmilk in November 2021. The extra-creamy texture of this product is derived from almond oil made from superior California-grown Blue Diamond almonds.
SunOpta Inc.	SunOpta launched a new line of organic oat creamers in February 2021. These creamers are excellent dairy alternatives for those who enjoy coffee because they are perfect, creamy, and smooth.
Danone	Danone plans to increase the range of almond milk products under the Silk brand in 2020, giving consumers more choices.
Nestle	Nestle increased the range of options available in 2019 by launching its line of almond milk products under the Nesquik brand in Europe.

Vital Almond Milk Producers

• Daiya Foods Inc.
• Hain Celestial Group
• Whitewave Foods
• Sunopta Inc.
• Blue Diamond Growers
• Galaxy Nutritional Foods, Inc.
• Tofutti Brands Inc Califia Farms LLC
• Earth's Own Food Company Inc.
• Hiland Dairy Foods
• Malk Organics LLC
• Pacific Foods of Oregon LLC
• Sanitarium
• SunOpta Inc.

Key Coverage in Almond Milk Market Report

• Categorical Study on Original/Unflavored Almond Milk, and Flavored Almond Milk
• Almond Milk Market Detailed Analysis of Current Scenario with Growth Forecasts
• Market Opportunities for Almond Milk in India
• Market Potential of Almond Milk in Japan
• Competition Analysis of the Almond Milk Industry with a Focus on SunOpta Inc., Califia Farms, Danone, and Others.

Key Segments

By Flavor Type:

• Original/Unflavored
• Flavored

By Category:

• Organic
• Conventional

By Category:

• Liquid
• Powder

By Packaging Type:

• Carton
• Glass
• Others

By Application:

• Beverages
• Frozen Desserts
• Personal Care
• Others

By Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

Frequently Asked Questions

What is the Current Almond Milk Market Valuation?

The almond milk industry to secure a valuation USD 4,895.9 million in 2024.

How Big Can the Almond Milk Market Be by 2034?

The almond milk market is estimated to reach USD 7,634.0 million by 2034.

What is the Growth Potential of the Almond Milk Market?

Through 2034, the almond milk industry is anticipated to thrive at a 9.2% CAGR.

What Was the Historical Outlook of The Almond Milk Market?

From 2019 to 2023, the almond milk market soared at an 8.54% CAGR.

Which Flavor Type Segment to Dominate in the Almond Milk Market?

The original/unflavored sector is set to achieve a market share of 71.2% in 2024.

Which Form Segment to Lead the Almond Milk Market?

An 84.4% market share is expected for the liquid sector in 2024.