Global Almond Milk Market Size Study, By Nature (Organic, Conventional), By Flavor (Flavored, Non-Flavored), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online), and Regional Forecasts 2022-2032

Description

The global almond milk market is poised to experience a significant surge, underpinned by the growing inclination towards plant-based and health-conscious dietary choices. Valued at approximately USD 10.89 billion in 2023, the market is projected to grow at an impressive CAGR of 7.2% during the forecast period from 2024 to 2032. Almond milk, revered for its nutritional richness-including high vitamin E and omega-3 fatty acids-has emerged as a go-to dairy alternative for health-conscious consumers, particularly due to its low caloric content and absence of cholesterol.

The increasing prevalence of lactose intolerance and dairy allergies has played a pivotal role in accelerating the market's growth. This, coupled with the global adoption of vegan lifestyles for ethical, environmental, or health reasons, has further reinforced the demand for almond milk. Moreover, manufacturers have capitalized on evolving consumer tastes by innovating with flavors such as vanilla, chocolate, and fortified variants with essential vitamins and minerals, catering to a wider demographic.

Almond milk's applications extend beyond beverages to include bakery items, frozen desserts, and even personal care products. For instance, its natural zinc content is widely utilized in cosmetics for hair and skin health. Furthermore, its eco-friendly profile-marked by a lower carbon footprint and reduced resource utilization-has made almond milk a preferred choice among environmentally conscious consumers.

The regional landscape of the almond milk market reveals the Asia Pacific (APAC) as the dominant region, capturing 45.8% of the market share in 2023, driven by rising disposable incomes and the increasing adoption of plant-based diets. North America and Europe follow, with significant contributions fueled by lactose intolerance prevalence and sustainability awareness, respectively. As innovation and ethical consumerism continue to shape this landscape, the almond milk market holds vast potential for sustained growth globally.

Major market players included in this report are:

Blue Diamond Growers
Califia Farms LLC
Danone SA
Nestle
SunOpta
The Hain Celestial Group
Ripple Foods
Malk Organics
Three Trees
Milkadamia
Elmhurst Milked Direct LLC
Pureharvest
Daiya Foods Inc.
Nutriops S.L.
Provamel (Alpro)

The detailed segments and sub-segments of the market are explained below:

By Nature:

Organic
Conventional

By Flavor:

Flavored
Non-Flavored

By Distribution Channel:

Hypermarkets & Supermarkets
Specialty Stores
Online

By Region:

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Almond Milk Market Executive Summary

1.1. Global Almond Milk Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Nature
- 1.3.2. By Flavor
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Almond Milk Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Almond Milk Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Health Awareness
- 3.1.2. Rising Prevalence of Lactose Intolerance
- 3.1.3. Increasing Adoption of Plant-Based Diets
3.2. Market Challenges
- 3.2.1. High Costs of Organic Variants
- 3.2.2. Limited Shelf Life of Almond Milk Products
3.3. Market Opportunities
- 3.3.1. Product Innovation and Flavors
- 3.3.2. Expansion in Emerging Economies

Chapter 4. Global Almond Milk Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Almond Milk Market Size & Forecasts by Nature (2022-2032)

5.1. Segment Dashboard
5.2. Global Almond Milk Market: Nature Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Organic
- 5.2.2. Conventional

Chapter 6. Global Almond Milk Market Size & Forecasts by Flavor (2022-2032)

6.1. Segment Dashboard
6.2. Global Almond Milk Market: Flavor Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Flavored
- 6.2.2. Non-Flavored

Chapter 7. Global Almond Milk Market Size & Forecasts by Distribution Channel (2022-2032)

7.1. Segment Dashboard
7.2. Global Almond Milk Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Hypermarkets & Supermarkets
- 7.2.2. Specialty Stores
- 7.2.3. Online

Chapter 8. Global Almond Milk Market Size & Forecasts by Region (2022-2032)

8.1. North America Almond Milk Market
- 8.1.1. U.S. Almond Milk Market
  - 8.1.1.1. Nature Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Flavor Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Almond Milk Market
- 8.1.3. Mexico Almond Milk Market
8.2. Europe Almond Milk Market
- 8.2.1. UK Almond Milk Market
- 8.2.2. Germany Almond Milk Market
- 8.2.3. France Almond Milk Market
- 8.2.4. Italy Almond Milk Market
- 8.2.5. Spain Almond Milk Market
- 8.2.6. Rest of Europe Almond Milk Market
8.3. Asia Pacific Almond Milk Market
- 8.3.1. China Almond Milk Market
- 8.3.2. India Almond Milk Market
- 8.3.3. Japan Almond Milk Market
- 8.3.4. Australia Almond Milk Market
- 8.3.5. South Korea Almond Milk Market
- 8.3.6. Rest of Asia Pacific Almond Milk Market
8.4. Latin America Almond Milk Market
- 8.4.1. Brazil Almond Milk Market
- 8.4.2. Mexico Almond Milk Market
- 8.4.3. Rest of Latin America Almond Milk Market
8.5. Middle East & Africa Almond Milk Market
- 8.5.1. Saudi Arabia Almond Milk Market
- 8.5.2. South Africa Almond Milk Market
- 8.5.3. Rest of Middle East & Africa Almond Milk Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Blue Diamond Growers
- 9.1.2. Califia Farms LLC
- 9.1.3. Danone SA
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Blue Diamond Growers
- 9.3.2. Califia Farms LLC
- 9.3.3. Danone SA
- 9.3.4. Nestle
- 9.3.5. SunOpta
- 9.3.6. The Hain Celestial Group
- 9.3.7. Ripple Foods
- 9.3.8. Malk Organics
- 9.3.9. Three Trees
- 9.3.10. Milkadamia

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes