Almond Milk Market (2025-2032)
The Almond Milk Market was valued at $13.06 billion in 2024. This market is expected to reach $33.08 billion by 2032 from an estimated $14.8 billion in 2025, at a CAGR of 12.2% during the forecast period 2025-2032. Almond Milk Market Size & Forecast The growth of this market is driven by the increasing
- Published
- Oct 2024
- Pages
- 220
- Format
- PDF + Excel
- Report ID
- MRFB - 1041375
- Base year
- 2025
- 2024 · HISTORICAL
- $13.06B
- 2032
- $33.08B
- CAGR 2025–2032
- 12.2%
2024 baseline · 2025–2032 forecast at 12.2% CAGR · hover a bar for the value
Key highlights
By Nature: In 2025, the Conventional Segment to Dominate the Almond Milk Market
By Flavor: In 2025, the Non-Flavored Segment is Expected to Dominate the Almond Milk Market
By Packaging Material: In 2025, the Glass Segment is Expected to Dominate the Almond Milk Market
By Distribution Channel: In 2025, the Business-to-Consumer Segment is Expected to Account for the Largest Share of the Almond Milk Market
By Application: In 2025, the Beverages Segment is Expected to Account for the Largest Share of the Almond Milk Market
By Geography: Asia-Pacific to Dominate the Almond Milk Market in 2025
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | ~220 |
| Format | |
| Forecast Period | 2025–2032 |
| Base Year | 2025 |
| CAGR | 12.2% |
| Market Size | USD 33.08 Billion by 2032 |
| Segments Covered | By Nature · Organic · Conventional · By Flavor · Flavored · Non-Flavored · By Packaging Material · Glass · Carton · Others · By Distribution Channel · Business-to-Business · Business-to-Consumer · Hypermarkets & Supermarkets · Specialty Stores · Online · Others · By Application · Beverages · Frozen Desserts · Personal Care · Others |
| Countries Covered | North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa) |
| Key Companies | Blue Diamond Growers (U.S.), Daiya Foods, Inc. (Canada), Danone North America Public Benefit Corporation (France), Califia Farms, LLC (U.S.), Nestlé S.A. (Switzerland), SunOpta, Inc. (Canada), Earth’s Own Food Company Inc. (Canada), Hiland Dairy Foods (U.S.), MALK Organics LLC (U.S.), Ripple Foods PBC (U.S.), Milkadamia (U.S.), and Three Trees Organics (U.S.) |
Report overview
Segments covered: nature, flavor, packaging material, distribution channel, application. Regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The growth of this market is driven by the increasing vegan and vegetarian population, the growing prevalence of food allergies and lactose intolerance, and rising consumer awareness of nutritional food. Moreover, the increasing application of almond milk in various industries and emerging economies is expected to create market growth opportunities.
Report infographic
Market dynamics
3 factors across 2 forcesIncreasing Vegan and Vegetarian Population
The increasing shift towards veganism and vegetarianism is having a significant impact on the almond milk market. Consumers are increasingly adopting plant-based diets due to heightened health awareness, environmental concerns, and animal welfare considerations. According to The Vegan Society, approximately 700,000 people participated in the Veganuary campaign in 2024, committing to a vegan diet for the month of January. This marks an increase from 692,000 participants in 2022, 582,000 in 2021, and 400,000 in 2020.
The global demand for plant-based and cruelty-free meals has surged alongside growing environmental awareness and compassion for animals. For example, according to the Plant-Based Foods Association and The Good Food Institute, U.S. retail sales of plant-based foods rose by 6.2% in 2021 compared to 2020, with the total plant-based market valued at USD 7.4 billion. As more consumers embrace plant-based lifestyles, the demand for almond milk is projected to increase. Consequently, the rise in vegetarianism and veganism is expected to further drive the growth of the almond milk market.
Growing Prevalence of Food Allergies and Lactose Intolerance
The rising prevalence of food allergies and lactose intolerance is fueling demand for plant-based milk alternatives, such as almond milk. In the U.S., food allergies affect approximately 10.8% of adults and 8% of children, with cow's milk being a common allergen among those with multiple allergies. Lactose intolerance, characterized by the inability to digest lactose (the sugar found in milk), can manifest as either symptomatic or asymptomatic. For those with symptoms, lactose intolerance can lead to diarrhea and stomach discomfort. It is particularly prevalent among adults of East Asian descent, affecting 70–100% of the population (source: National Institutes of Health). According to Encyclopedia Britannica, lactose intolerance also affects 75 to 90% of Native American, African, Asian, Mediterranean, and Jewish populations, while only about 5% of Northern and Central Europeans experience this condition.
As the incidence of food allergies and lactose intolerance continues to increase, the consumption of plant-based milk alternatives such as almond milk is anticipated to rise, thereby driving the overall growth of the almond milk market.
Table of contents
13 chapters · 123 sections · 220 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Nature | Conventional | — |
By Nature
- The conventional segment is expected to account for the larger share of the almond milk market.
- The substantial market share of this segment is primarily due to the surplus number of conventional almond milk suppliers, easy availability, and high adoption of conventional almond milk in mainstream grocery stores and supermarkets at lower prices compared to its organic counterparts.
- Additionally, the abundant availability of raw materials makes it more cost-effective than organic, having high preference from consumers having low to medium disposable income.
- However, the organic segment is slated to register a higher CAGR during the forecast period.
- This growth is driven by rising health awareness, increasing spending on premium food products, greater availability of organic almond milk in the market, and the growing trend of clean-label products.
- Organic almond milk is often perceived as a healthier option due to its natural ingredients, which are free from synthetic pesticides and fertilizers.
- Additionally, it does not contain artificial additives or preservatives, reinforcing its clean-label status.
- These factors are expected to fuel the growth of the organic almond milk market during the forecast period.
Geographic analysis
Asia-Pacific
Largest shareIn 2025, Asia-Pacific is estimated to account for the largest share of 49.8% of the almond milk market. The significant share of the Asia-Pacific region in the almond milk market is primarily attributed to the increasing health consciousness among consumers, a substantial presence of vegan and vegetarian populations, and rising demand for ready-to-drink products. Additionally, the region benefits from a strong presence of both local and multinational manufacturers, as well as the adoption of advanced technologies within the food and beverage industry. Moreover, this region is d to register the highest CAGR during the forecast period. This growth can be attributed to the rising trend of Western diets, increased health consciousness, greater use of almond milk in culinary applications, and ongoing flavor innovations in the region. Asia-Pacific Dominates the Almond Milk Market in 2025
Competitive landscape
- May 2025
Alpro (Belgium) launched a 500 ml pack format of Almond No Sugars.
- April 2025
Blue Diamond Growers (U.S.) partnered with Kagome Co., Ltd. (Japan) for the production and distribution of its Almond Breeze brand of almond milk in Japan.
- March 2025
MALK Organics (Austin) raised funding from Benvolio Group and Rotor Capital for expansion and unveil new products.
- January 2024
Califia Farms, LLC (U.S.) launched organic Almondmilk.
- March 2022
Heritage Foods Limited (India) launched Badam Milk with real almond bits.
- November 2021
Blue Diamond Growers (U.S.) expanded its selection of Almond Breeze products with the introduction of Almond Breeze Extra Creamy Almondmilk.
- Blue Diamond Growers (U.S.)
- Daiya Foods, Inc. · Canada
- Danone North America Public Benefit Corporation · France
- Califia Farms, LLC (U.S.)
- Nestlé S.A. · Switzerland
- SunOpta, Inc. · Canada
- Earth’s Own Food Company Inc. · Canada
- Hiland Dairy Foods (U.S.)
- MALK Organics LLC (U.S.)
- Ripple Foods PBC (U.S.)
- Milkadamia (U.S.)
- Three Trees Organics (U.S.)
Frequently asked questions
The global almond milk market size was valued at $13.06 billion in 2024.
Cite this report
Meticulous Research. (2024). Almond Milk Market - Global Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRFB - 1041375). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/almond-milk-market-6058