Almond Milk Market - Forecast(2025 - 2031)

Report Code: FBR 58758 Report Format: PDF + Excel

Almond Milk Market Overview:

The Almond Milk Market size is estimated to reach $11.2 Billion by 2031, growing at a CAGR of 8.7% during the forecast period 2025-2031. The shift toward plant-based milk especially in regions like Europe and North America is boosting almond milk's popularity. According to the Plant-Based Foods Association, almond milk is the most popular alternative milk offering on menus with 3.6% penetration and 41% growth since 2020. Almond milk provides essential nutrients like calcium, vitamin D and vitamin E which is beneficial for bone health and immunity while promoting skin health through its antioxidant properties. The increasing health awareness, the rising demand for plant-based products and its versatility in beverages, cereals and gravies. The growing vegan population, expanding distribution channels and continuous product innovation such as organic, flavored and sweetened options are further propelling its market growth.

A major trend in the market is the demand for plant-based milk. A 2023 Oatly poll of 1,178 U.S teens aged 14 and upwards on consumer milk preferences showed that 54% of Gen Z and 49% of Millennials polled prefer plant-based milk to cow’s milk. Plant based milk appeals to eco-conscious consumers by offering a sustainable option that aligns with ethical and environmental values. The production of plant-based milk typically requires less water, land, and energy, further boosting its appeal. Another trend in the market is social media influence. A lot of influencers and celebrities promote almond milk and recommend it to their followers, boosting the sales of almond milk.

Market Snapshot: 

Almond Milk Market - Report Coverage:

The “Almond Milk Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Almond Milk Market.

Attribute Segment

By Type
  • Sweetened
  • Unsweetened

By Source
  • Organic
  • Natural

By Flavor
  • Original
  • Vanilla
  • Chocolate
  • Others

By Packaging Type
  • Bottles
  • Cartons
  • Others

By Distribution Channel
  • Online
  • Offline

By Geography

  • North America (U.S, Canada and Mexico)
  • Europe (Germany, France, UK, Spain, Italy, Netherlands, Denmark and Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Singapore and Rest of Asia-Pacific)
  • South America (Brazil, Argentina, and Rest of South America)
  • Rest of the World (Middle East and Africa)

 

Key Takeaways:

North America Leads the Market

North America occupied the largest share in the market in 2024 driven by the region's high awareness of health and nutrition as well as strong demand for plant-based milk. The region has a well-established food and beverage industry that readily adopts innovative and sustainable products such as Almond Milk. Almost 100% of U.S. almond production is in California, according to the Almond Board of California (ABC). This local availability of raw materials reduces the reliance on imports and drives the Almond Milk market. In December 2024, the ABC secured an additional $6 million from the USDA through the Regional Agricultural Promotion Program (RAPP) bringing the total funding from the program to $13 million, which can be expended over 5 years.

Unsweetened is the Largest Segment

The unsweetened segment is the largest in the Almond Milk market due to growing health awareness among consumers. Unsweetened almond milk is preferred by those seeking low-calorie and sugar-free options, aligning with dietary trends like keto and low-carb diets. It is also versatile for various culinary uses, from cooking to beverages like coffee, where added sweetness is unnecessary. In September 2024, Maiva Fresh launched - Maiva Unsweetened Almond Milk in India. According to the company, the product is versatile and can be used as a milk substitute in cereals, desserts, tea/coffee, and milkshakes. Additionally, the growing popularity of plant-based diets and vegan lifestyles has made almond milk a staple in numerous kitchens. 

Cartons are the Largest Segment 

Cartons held the largest market share in 2024, in terms of packaging on account of their convenience, durability and eco-friendly materials. Consumers prefer cartons for due to its lightweight and resealable properties which enables usability and storage. According to the European Consumer Packaging Perceptions Study 2024, conducted by Pro Carton, 87% of consumers in Europe prefer carton packaging. Cartons also provide protection against light and air and extend shelf life of the beverage. Additionally, the growing emphasis on sustainability boosts the adoption of carton packaging as it is widely recyclable and made from renewable materials.

Rising Popularity of Plant-based Milk Drives the Market

The rising popularity of plant-based milk is a driver for the Almond Milk market. As more consumers shift towards plant-based diets for ethical, environmental and health reasons, the demand for almond milk is increasing. According to a May 2024 report by the Plant Based Food Association (PBFA), plant-based milk sales increased 4.2% CAGR over two years to reach $2.9 billion in 2023. Almond milk is low in calories, contains no cholesterol or lactose and its high Vitamin E content supports skin health and immune function. Moreover, it has a mild, nutty flavor that pairs well with coffee, smoothies and cereals which makes it a versatile choice for various recipes as an alternative to traditional milk.

Global Almond Milk Market - Forecast(2025 - 2031)

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Almond Milk Market. The top 10 companies in this industry are listed below:
1.    Danone S.A.
2.    Valio Oy
3.    MALK Organics
4.    Elmhurst 1925
5.    Blue Diamond Growers
6.    Califia Farms
7.    Mooala Brands, LLC.
8.    Plenish
9.    Pacific Foods of Oregon LLC
10.    Three Trees Foods

Scope of the Report

Report Metric Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

8.7%

Market Size in 2031

$11.2 Billion

Segments Covered

By Type, By Source, By Flavor, By Packaging, By Distribution Channel, and By Geography

 

Geographies Covered

North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Spain, Italy, Netherlands, Denmark and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Singapore and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of the World (Middle East and Africa)

Key Market Players
  1. Danone S.A.
  2. Valio Oy
  3. MALK Organics
  4. Elmhurst 1925
  5. Blue Diamond Growers
  6. Califia Farms
  7. Mooala Brands, LLC.
  8. Plenish
  9. Pacific Foods of Oregon LLC
  10. Three Trees Foods

 

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  1. Almond Milk Market- Market Overview
          1.1 Definitions and Scope
  2. Almond Milk Market - Executive Summary
          2.1 Key Trends by Type
          2.2 Key Trends by Flavor
          2.3 Key trends by Packaging
          2.4 Key Trends by Distribution Channel
          2.5 Key Trends by Geography
  3. Almond Milk Market – Comparative analysis
          3.1 Market Share Analysis- Major Companies
          3.2 Product Benchmarking- Major Companies
          3.3 Top 5 Financials Analysis
          3.4 Patent Analysis- Major Companies
          3.5 Pricing Analysis (ASPs will be provided)
  4. Almond Milk Market - Startup Companies Scenario 
          4.1 Major startup company analysis:
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Product portfolio
                    4.1.4 Venture Capital and Funding Scenario
  5. Almond Milk Market – Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing Business Index
          5.3 Successful Venture Profiles
          5.4 Customer Analysis – Major companies
  6. Almond Milk Market - Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes
  7. Almond Milk Market – Strategic Analysis
          7.1 Value/Supply Chain Analysis
          7.2 Opportunity Analysis
          7.3 Product/Market Life Cycle
          7.4 Distributor Analysis – Major Companies
  8. Almond Milk Market – By Type (Market Size -US$ Million/Billion)
      8.1 Sweetened 
      8.2 Unsweetened 
  9. Almond Milk Market – By Source (Market Size -US$ Million/Billion)
           9.1 Conventional
           9.2 Organic
  10. Almond Milk Market – By Packaging Type (Market Size - US$ Million/Billion)
         10.1 Bottles 
         10.2 Cartons
         10.3 Others
  11. Almond Milk Market – By Flavour (Market Size - US$ Million/Billion)
             11.1 Original
             11.2 Vanilla
             11.3 Chocolate 
             11.4 Others
  12. Almond Milk Market – By Distribution Channel (Market Size - US$ Million/Billion)
            12.1 Online 
            12.2 Offline 
                    12.2.1 Supermarket & Hypermarket
                    12.2.2 Speciality Stores
                    12.2.3 Others
  12. Almond Milk Market - By Geography (Market Size -US$ Million/Billion)
          12.1 North America
                    12.1.1 USA
                    12.1.2 Canada
                    12.1.3 Mexico
          12.2 Europe
                    12.2.1 UK
                    12.2.2 Germany
                    12.2.3 France
                    12.2.4 Italy
                    12.2.5 Spain
                    12.2.6 Netherlands
                    12.2.7 Denmark
                    12.2.8 Rest of Europe
          12.3 Asia-Pacific
                    12.3.1 China
                    12.3.2 Japan
                    12.3.3 India
                    12.3.4 South Korea
                    12.3.5 Australia
                    12.3.6 New Zealand
                    12.3.7 Singapore
                    12.3.8 Rest of APAC
          12.4 South America
                    12.4.1 Brazil
                    12.4.2 Argentina
                    12.4.3 Rest of South America
          12.5 Rest of the World
                    12.5.1 Middle East
                    12.5.2 Africa
  13. Almond Milk Market – Entropy
          13.1 New Product Launches
          13.2 M&As, Collaborations, JVs and Partnerships
  14. Almond Milk Market – Industry/Segment Competition Landscape 
          14.1 Company Benchmarking Matrix – Major Companies
          14.2 Market Share at Global Level – Major companies
          14.3 Market Share by Key Region – Major companies
          14.4 Market Share by Key Country – Major companies
          14.5 Market Share by Key Application – Major companies
  15. Almond Milk Market – Key Company List by Country Premium 
  16. Almond Milk Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
          16.1 Danone S.A
          16.2 Valio Oy
          16.3 MALK Organics
          16.4 Elmhurst 1925
          16.5 Blue Diamond Growers
          16.6 Califia Farms
          16.7 Mooala Brands, LLC.
          16.8 Plenish
          16.9 Pacific Foods of Oregon LLC
          16.10 Three Trees Foods
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LIST OF TABLES

1.Global Market Segmentation by Type Market 2023-2030 ($M)
1.1 Original Almondmilk Market, Market 2023-2030 ($M) - Global Industry Research
1.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Global Industry Research
1.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Global Industry Research
2.Global Major Vendors Market 2023-2030 ($M)
2.1 So Delicious Dairy Free Market 2023-2030 ($M) - Global Industry Research
2.2 Silk Market 2023-2030 ($M) - Global Industry Research
2.3 Pacific Foods Market 2023-2030 ($M) - Global Industry Research
2.4 Blue Diamond Growers Market 2023-2030 ($M) - Global Industry Research
2.5 Milkadamia Market 2023-2030 ($M) - Global Industry Research
2.6 Califia Farms Market 2023-2030 ($M) - Global Industry Research
2.7 alpro Market 2023-2030 ($M) - Global Industry Research
2.8 Sanitarium Market 2023-2030 ($M) - Global Industry Research
2.9 Pureharvest Market 2023-2030 ($M) - Global Industry Research
2.10 's Own Market 2023-2030 ($M) - Global Industry Research
3.Global Market Segmentation by Type Market 2023-2030 (Volume/Units)
3.1 Original Almondmilk Market, Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Vanilla Almondmilk Market, Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Non-Dairy Almondmilk Market, Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Major Vendors Market 2023-2030 (Volume/Units)
4.1 So Delicious Dairy Free Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Silk Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Pacific Foods Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Blue Diamond Growers Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Milkadamia Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Califia Farms Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 alpro Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Sanitarium Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Pureharvest Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 's Own Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Market Segmentation by Type Market 2023-2030 ($M)
5.1 Original Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
5.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
5.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
6.North America Major Vendors Market 2023-2030 ($M)
6.1 So Delicious Dairy Free Market 2023-2030 ($M) - Regional Industry Research
6.2 Silk Market 2023-2030 ($M) - Regional Industry Research
6.3 Pacific Foods Market 2023-2030 ($M) - Regional Industry Research
6.4 Blue Diamond Growers Market 2023-2030 ($M) - Regional Industry Research
6.5 Milkadamia Market 2023-2030 ($M) - Regional Industry Research
6.6 Califia Farms Market 2023-2030 ($M) - Regional Industry Research
6.7 alpro Market 2023-2030 ($M) - Regional Industry Research
6.8 Sanitarium Market 2023-2030 ($M) - Regional Industry Research
6.9 Pureharvest Market 2023-2030 ($M) - Regional Industry Research
6.10 's Own Market 2023-2030 ($M) - Regional Industry Research
7.South America Market Segmentation by Type Market 2023-2030 ($M)
7.1 Original Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
7.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
7.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
8.South America Major Vendors Market 2023-2030 ($M)
8.1 So Delicious Dairy Free Market 2023-2030 ($M) - Regional Industry Research
8.2 Silk Market 2023-2030 ($M) - Regional Industry Research
8.3 Pacific Foods Market 2023-2030 ($M) - Regional Industry Research
8.4 Blue Diamond Growers Market 2023-2030 ($M) - Regional Industry Research
8.5 Milkadamia Market 2023-2030 ($M) - Regional Industry Research
8.6 Califia Farms Market 2023-2030 ($M) - Regional Industry Research
8.7 alpro Market 2023-2030 ($M) - Regional Industry Research
8.8 Sanitarium Market 2023-2030 ($M) - Regional Industry Research
8.9 Pureharvest Market 2023-2030 ($M) - Regional Industry Research
8.10 's Own Market 2023-2030 ($M) - Regional Industry Research
9.Europe Market Segmentation by Type Market 2023-2030 ($M)
9.1 Original Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
9.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
9.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
10.Europe Major Vendors Market 2023-2030 ($M)
10.1 So Delicious Dairy Free Market 2023-2030 ($M) - Regional Industry Research
10.2 Silk Market 2023-2030 ($M) - Regional Industry Research
10.3 Pacific Foods Market 2023-2030 ($M) - Regional Industry Research
10.4 Blue Diamond Growers Market 2023-2030 ($M) - Regional Industry Research
10.5 Milkadamia Market 2023-2030 ($M) - Regional Industry Research
10.6 Califia Farms Market 2023-2030 ($M) - Regional Industry Research
10.7 alpro Market 2023-2030 ($M) - Regional Industry Research
10.8 Sanitarium Market 2023-2030 ($M) - Regional Industry Research
10.9 Pureharvest Market 2023-2030 ($M) - Regional Industry Research
10.10 's Own Market 2023-2030 ($M) - Regional Industry Research
11.APAC Market Segmentation by Type Market 2023-2030 ($M)
11.1 Original Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
11.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
11.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
12.APAC Major Vendors Market 2023-2030 ($M)
12.1 So Delicious Dairy Free Market 2023-2030 ($M) - Regional Industry Research
12.2 Silk Market 2023-2030 ($M) - Regional Industry Research
12.3 Pacific Foods Market 2023-2030 ($M) - Regional Industry Research
12.4 Blue Diamond Growers Market 2023-2030 ($M) - Regional Industry Research
12.5 Milkadamia Market 2023-2030 ($M) - Regional Industry Research
12.6 Califia Farms Market 2023-2030 ($M) - Regional Industry Research
12.7 alpro Market 2023-2030 ($M) - Regional Industry Research
12.8 Sanitarium Market 2023-2030 ($M) - Regional Industry Research
12.9 Pureharvest Market 2023-2030 ($M) - Regional Industry Research
12.10 's Own Market 2023-2030 ($M) - Regional Industry Research
13.MENA Market Segmentation by Type Market 2023-2030 ($M)
13.1 Original Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
13.2 Vanilla Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
13.3 Non-Dairy Almondmilk Market, Market 2023-2030 ($M) - Regional Industry Research
14.MENA Major Vendors Market 2023-2030 ($M)
14.1 So Delicious Dairy Free Market 2023-2030 ($M) - Regional Industry Research
14.2 Silk Market 2023-2030 ($M) - Regional Industry Research
14.3 Pacific Foods Market 2023-2030 ($M) - Regional Industry Research
14.4 Blue Diamond Growers Market 2023-2030 ($M) - Regional Industry Research
14.5 Milkadamia Market 2023-2030 ($M) - Regional Industry Research
14.6 Califia Farms Market 2023-2030 ($M) - Regional Industry Research
14.7 alpro Market 2023-2030 ($M) - Regional Industry Research
14.8 Sanitarium Market 2023-2030 ($M) - Regional Industry Research
14.9 Pureharvest Market 2023-2030 ($M) - Regional Industry Research
14.10 's Own Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Almond Milk Market Revenue, 2023-2030 ($M)
2.Canada Global Almond Milk Market Revenue, 2023-2030 ($M)
3.Mexico Global Almond Milk Market Revenue, 2023-2030 ($M)
4.Brazil Global Almond Milk Market Revenue, 2023-2030 ($M)
5.Argentina Global Almond Milk Market Revenue, 2023-2030 ($M)
6.Peru Global Almond Milk Market Revenue, 2023-2030 ($M)
7.Colombia Global Almond Milk Market Revenue, 2023-2030 ($M)
8.Chile Global Almond Milk Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Almond Milk Market Revenue, 2023-2030 ($M)
10.UK Global Almond Milk Market Revenue, 2023-2030 ($M)
11.Germany Global Almond Milk Market Revenue, 2023-2030 ($M)
12.France Global Almond Milk Market Revenue, 2023-2030 ($M)
13.Italy Global Almond Milk Market Revenue, 2023-2030 ($M)
14.Spain Global Almond Milk Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Almond Milk Market Revenue, 2023-2030 ($M)
16.China Global Almond Milk Market Revenue, 2023-2030 ($M)
17.India Global Almond Milk Market Revenue, 2023-2030 ($M)
18.Japan Global Almond Milk Market Revenue, 2023-2030 ($M)
19.South Korea Global Almond Milk Market Revenue, 2023-2030 ($M)
20.South Africa Global Almond Milk Market Revenue, 2023-2030 ($M)
21.North America Global Almond Milk By Application
22.South America Global Almond Milk By Application
23.Europe Global Almond Milk By Application
24.APAC Global Almond Milk By Application
25.MENA Global Almond Milk By Application

The Almond Milk Market is projected to grow at 8.7% CAGR during the forecast period 2025-2031.

The Almond Milk Market size is estimated to be $6.4 billion in 2024 and is projected to reach $11.2 Billion by 2031

The leading players in the Almond Milk Market are Danone S.A., Valio Oy, MALK Organics, Elmhurst 1925, Blue Diamond Growers and Others