Almond Milk Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.49 Billion |
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Market Size (2029) | USD 9.61 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 11.85 % |
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Largest Share by Region | North America |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Almond Milk Market Analysis
The Almond Milk Market size is estimated at 5.49 billion USD in 2024, and is expected to reach 9.61 billion USD by 2029, growing at a CAGR of 11.85% during the forecast period (2024-2029).
5.49 Billion
Market Size in 2024 (USD)
9.61 Billion
Market Size in 2029 (USD)
9.02 %
CAGR (2017-2023)
11.85 %
CAGR (2024-2029)
Largest Market by Distribution Channel
94.28 %
value share, Off-Trade, 2023
Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of dairy products.
Largest Market by Region
50.23 %
value share, North America, 2023
With the increasing number of people suffering from lactose intolerance with the shifting preferences towards almond milk within the region is largely driving the regional growth.
Fastest-growing Market by Distribution Channel
12.05 %
Projected CAGR, Off-Trade, 2024-2029
The onset of the experimential economy and the rising social media platforms with increasing consumer reach in the market is driving the off trade channels through online channels
Fastest-growing Market by Region
21.51 %
Projected CAGR, Middle East, 2024-2029
The shift in consumer behavior is largely driving the Middle East region. It was majorly due to the rising concerns regarding animal welfare, personal health, and sustainability.
Leading Market Player
19.70 %
market share, Danone SA, 2022
Due to its rising revenue, Danone has the opportunity to invest its revenue in R&D which increases the number of products, leading to it gaining a competitive edge in the market.
Availability of price comparison from different brands led the supermarkets to be most opted channel
- Global off-trade retailing dominated the overall retail space during the review period (2017-2022). In 2022, the major factor associated with the domination of these retailers was consumer satisfaction. Consumers are highly attracted to off-trade retailing due to the greater convenience and comfort offered while purchasing almond milk. Globally, off-trade channels observed a growth of 6.84% from 2021.
- By region, Asia-Pacific had the largest share of 48.73% in the overall off-trade distribution channels. In Asia-Pacific, off-trade channels offer almond milk at varied prices (low, medium, and high). The almond milk sold by these retailing units is available from USD 2.55 to as high as USD 16.4. The availability of almond milk at varied prices also promotes the buying power among consumers as they can purchase the products which suit their affordability parameters.
- On-trade retailers are focusing on providing a variety of almond milk, including different flavors such as unsweetened, chocolate, vanilla, etc. Despite offering different flavors, these retailers cannot provide complete information such as product specifics (ingredient used, seed used, and others) to consumers. Thus, consumers prefer purchasing their almond milk beverages through off-trade modes. In 2022, Europe was considered the fastest-growing region in terms of on-trade channels, with a share of 7.41%.
- Between 2018-2022, among the off-trade mode, specialty stores gained significant demand as they offered higher visibility about the product to consumers. With the growing demand for almond milk, the global off-trade distribution segment is expected to grow by 24.7% in 2025 from 2022.
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With increasing health concious consumers, the demand is mostly driven from North America and Asia-Pacific regions
- The global almond milk market observed growth of 5.83% in 2022 compared to 2021. The increase was attributed to the rising number of health-conscious consumers worldwide. In 2022, the per capita consumption of almond milk was 1.28 kg. Some of the most preferred brands of almond milk are Minor Figures, Alpro, and Califia Farms.
- In the Asia-Pacific region, almond milk is majorly used for various purposes. In 2022, consumers preferred almond milk as a substitute for animal-based milk in the region. In the Asia-Pacific region, Australia is considered the fastest-growing country for almond milk. In Australia, 30% of the population was diagnosed with irritable bowel syndrome (IBS) in 2022. Almonds are a great source of soluble fiber, and almond milk has fiber that relieves IBS and constipation.
- In North America, almond milk is used as a healthy beverage among the population. Health-conscious consumers majorly prefer it. Since almond milk has lower fat content than animal-based milk, it is consumed by the population following a calorie deficit diet. To mitigate the effects of lactose intolerance, most consumers are majorly drinking almond milk as a replacement for animal milk. The per capita consumption of non-dairy milk in the region was 3.23 kg in 2022.
- During the forecast period, with the growing focus on the benefits of almond-based milk, its demand is expected to rise. Consumers are more likely to prefer innovative flavors in the almond milk segment.
Global Almond Milk Market Trends
Growing popularity of almond milk due to its perception as a protein-rich nut-based milk, increasing veganism, and demand for plant-based products, coupled with its lower calorie content compared to other milk alternatives
- The per capita consumption of almond milk is expected to grow by 7.40% from 2023-2024 globally. The consumption of all types of plant milk is on the rise. Almond milk is a modern-day fixture of the conscious-eating movement. Of all the non-dairy milk alternatives lining store shelves, almond milk is the most popular among consumers. Almond milk is among the top three plant milk consumed globally.
- Fitness-conscious consumers are looking for sports nutrition supplements to seek a lean body, strength, and performance. Almond milk is exclusively consumed as it is perceived as a protein-rich nut-based milk. Encouragement from nutritionists and other fitness experts is also boosting the market sentiment for sports nutrition in the region. The growing veganism, higher demand for plant-based products, and changing dietary preferences among consumers are evident globally. In 2022, around 3% of German consumers, between 18 and 64 years of age followed a vegan diet. In Brazil, China, Mexico, and the United States, between 2% to 6% of respondents followed a vegan diet.
- The growing volume of lactose-intolerance consumers globally has led to a focus on the consumption of plant-based milk (almond milk). In 2022, 30 to 50 million Americans were lactose intolerant. The fat percentage in almond milk is significantly lesser than in other milk; one cup (8oz or 240ml) of unsweetened almond milk provides 39 calories, whereas unsweetened hemp milk (made from water and hulled hemp seed) provides about 60 calories in a one-cup serving.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Global increase in almond production is driven by manufacturers' focus on plant-based milk production and increasing consumer preference for vegan diets and the health benefits of almonds
Almond Milk Industry Overview
The Almond Milk Market is moderately consolidated, with the top five companies occupying 41.95%. The major players in this market are Blue Diamond Growers, Califia Farms LLC, Danone SA, Ecotone and Nestlé SA (sorted alphabetically).
Almond Milk Market Leaders
Blue Diamond Growers
Califia Farms LLC
Danone SA
Ecotone
Nestlé SA
Other important companies include Campbell Soup Company, Malk Organics LLC, SunOpta Inc., The Hain Celestial Group Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Almond Milk Market News
- October 2022: SunOpta Inc. completed the first phase of a USD 100 million sterile alternative milk plant in Midlothian to manufacture sustainable milk and food products.
- April 2022: Califia Farms launched the Unsweetened Almond Barista Blend, which contains calcium and vitamin D.
- January 2022: Danone North America introduced a new addition to its almond milk portfolio named Silk Extra Creamy Almondmilk, featuring a blend of three types of almonds.
Free with this Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy alternatives industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy alternatives, through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy alternative products, categories of dairy alternative products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
Almond Milk Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Per Capita Consumption
2.2. Raw Material/commodity Production
2.2.1. Almond
2.3. Regulatory Framework
2.3.1. Canada
2.3.2. France
2.3.3. Germany
2.3.4. Italy
2.3.5. Japan
2.3.6. Mexico
2.3.7. Spain
2.3.8. United Kingdom
2.3.9. United States
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Retail
3.1.1.3. Specialist Retailers
3.1.1.4. Supermarkets and Hypermarkets
3.1.1.5. Others (Warehouse clubs, gas stations, etc.)
3.1.2. On-Trade
3.2. Region
3.2.1. Africa
3.2.1.1. By Distribution Channel
3.2.1.2. Egypt
3.2.1.3. Nigeria
3.2.1.4. South Africa
3.2.1.5. Rest of Africa
3.2.2. Asia-Pacific
3.2.2.1. By Distribution Channel
3.2.2.2. Australia
3.2.2.3. China
3.2.2.4. India
3.2.2.5. Indonesia
3.2.2.6. Japan
3.2.2.7. Malaysia
3.2.2.8. New Zealand
3.2.2.9. Pakistan
3.2.2.10. South Korea
3.2.2.11. Rest of Asia Pacific
3.2.3. Europe
3.2.3.1. By Distribution Channel
3.2.3.2. Belgium
3.2.3.3. France
3.2.3.4. Germany
3.2.3.5. Italy
3.2.3.6. Netherlands
3.2.3.7. Russia
3.2.3.8. Spain
3.2.3.9. Turkey
3.2.3.10. United Kingdom
3.2.3.11. Rest of Europe
3.2.4. Middle East
3.2.4.1. By Distribution Channel
3.2.4.2. Bahrain
3.2.4.3. Kuwait
3.2.4.4. Oman
3.2.4.5. Saudi Arabia
3.2.4.6. United Arab Emirates
3.2.4.7. Rest of Middle East
3.2.5. North America
3.2.5.1. By Distribution Channel
3.2.5.2. Canada
3.2.5.3. Mexico
3.2.5.4. United States
3.2.5.5. Rest of North America
3.2.6. South America
3.2.6.1. By Distribution Channel
3.2.6.2. Argentina
3.2.6.3. Brazil
3.2.6.4. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Blue Diamond Growers
4.4.2. Califia Farms LLC
4.4.3. Campbell Soup Company
4.4.4. Danone SA
4.4.5. Ecotone
4.4.6. Malk Organics LLC
4.4.7. Nestlé SA
4.4.8. SunOpta Inc.
4.4.9. The Hain Celestial Group Inc.
5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF ALMOND MILK, KG, GLOBAL, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF GLOBAL ALMOND MILK MARKET - RAW MATERIAL, METRIC TONNES, GLOBAL, 2017 - 2021
- Figure 3:
- VOLUME OF ALMOND MILK, METRIC TONNES, BY GLOBAL, 2017 - 2029
- Figure 4:
- VALUE OF ALMOND MILK, USD MN, BY GLOBAL, 2017 - 2029
- Figure 5:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 6:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, GLOBAL, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF ALMOND MILK MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 10:
- VALUE OF ALMOND MILK MARKET BY SUB DISTRIBUTION CHANNELS, USD MN, GLOBAL, 2017 - 2029
- Figure 11:
- VOLUME SHARE OF ALMOND MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 12:
- VALUE SHARE OF ALMOND MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 13:
- VOLUME OF ALMOND MILK MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE OF ALMOND MILK MARKET SOLD VIA CONVENIENCE STORES, USD MN, GLOBAL, 2017 - 2029
- Figure 15:
- VOLUME OF ALMOND MILK MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 16:
- VALUE OF ALMOND MILK MARKET SOLD VIA ONLINE RETAIL, USD MN, GLOBAL, 2017 - 2029
- Figure 17:
- VOLUME OF ALMOND MILK MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 18:
- VALUE OF ALMOND MILK MARKET SOLD VIA SPECIALIST RETAILERS, USD MN, GLOBAL, 2017 - 2029
- Figure 19:
- VOLUME OF ALMOND MILK MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE OF ALMOND MILK MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD MN, GLOBAL, 2017 - 2029
- Figure 21:
- VOLUME OF ALMOND MILK MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 22:
- VALUE OF ALMOND MILK MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD MN, GLOBAL, 2017 - 2029
- Figure 23:
- VOLUME OF ALMOND MILK MARKET SOLD VIA ON-TRADE, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 24:
- VALUE OF ALMOND MILK MARKET SOLD VIA ON-TRADE, USD MN, GLOBAL, 2017 - 2029
- Figure 25:
- VOLUME OF ALMOND MILK MARKET BY REGION, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 26:
- VALUE OF ALMOND MILK MARKET BY REGION, USD MN, GLOBAL, 2017 - 2029
- Figure 27:
- VOLUME SHARE OF ALMOND MILK MARKET, BY REGION , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 28:
- VALUE SHARE OF ALMOND MILK MARKET, BY REGION , %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 29:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 30:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, AFRICA, 2017 - 2029
- Figure 31:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, AFRICA, 2017 VS 2023 VS 2029
- Figure 32:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, AFRICA, 2017 VS 2023 VS 2029
- Figure 33:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 34:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, AFRICA, 2017 - 2029
- Figure 35:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, AFRICA, 2017 VS 2023 VS 2029
- Figure 36:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, AFRICA, 2017 VS 2023 VS 2029
- Figure 37:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, EGYPT, 2017 - 2029
- Figure 38:
- VALUE OF ALMOND MILK MARKET, USD MN, EGYPT, 2017 - 2029
- Figure 39:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NIGERIA, 2017 - 2029
- Figure 40:
- VALUE OF ALMOND MILK MARKET, USD MN, NIGERIA, 2017 - 2029
- Figure 41:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SOUTH AFRICA, 2017 - 2029
- Figure 42:
- VALUE OF ALMOND MILK MARKET, USD MN, SOUTH AFRICA, 2017 - 2029
- Figure 43:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF AFRICA, 2017 - 2029
- Figure 44:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF AFRICA, 2017 - 2029
- Figure 45:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 48:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 49:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 50:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 52:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 53:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 54:
- VALUE OF ALMOND MILK MARKET, USD MN, AUSTRALIA, 2017 - 2029
- Figure 55:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 56:
- VALUE OF ALMOND MILK MARKET, USD MN, CHINA, 2017 - 2029
- Figure 57:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 58:
- VALUE OF ALMOND MILK MARKET, USD MN, INDIA, 2017 - 2029
- Figure 59:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 60:
- VALUE OF ALMOND MILK MARKET, USD MN, INDONESIA, 2017 - 2029
- Figure 61:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 62:
- VALUE OF ALMOND MILK MARKET, USD MN, JAPAN, 2017 - 2029
- Figure 63:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 64:
- VALUE OF ALMOND MILK MARKET, USD MN, MALAYSIA, 2017 - 2029
- Figure 65:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 66:
- VALUE OF ALMOND MILK MARKET, USD MN, NEW ZEALAND, 2017 - 2029
- Figure 67:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
- Figure 68:
- VALUE OF ALMOND MILK MARKET, USD MN, PAKISTAN, 2017 - 2029
- Figure 69:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 70:
- VALUE OF ALMOND MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 71:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 72:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 73:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 74:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, EUROPE, 2017 - 2029
- Figure 75:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, EUROPE, 2017 VS 2023 VS 2029
- Figure 76:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, EUROPE, 2017 VS 2023 VS 2029
- Figure 77:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 78:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, EUROPE, 2017 - 2029
- Figure 79:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, EUROPE, 2017 VS 2023 VS 2029
- Figure 80:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, EUROPE, 2017 VS 2023 VS 2029
- Figure 81:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BELGIUM, 2017 - 2029
- Figure 82:
- VALUE OF ALMOND MILK MARKET, USD MN, BELGIUM, 2017 - 2029
- Figure 83:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, FRANCE, 2017 - 2029
- Figure 84:
- VALUE OF ALMOND MILK MARKET, USD MN, FRANCE, 2017 - 2029
- Figure 85:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, GERMANY, 2017 - 2029
- Figure 86:
- VALUE OF ALMOND MILK MARKET, USD MN, GERMANY, 2017 - 2029
- Figure 87:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ITALY, 2017 - 2029
- Figure 88:
- VALUE OF ALMOND MILK MARKET, USD MN, ITALY, 2017 - 2029
- Figure 89:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NETHERLANDS, 2017 - 2029
- Figure 90:
- VALUE OF ALMOND MILK MARKET, USD MN, NETHERLANDS, 2017 - 2029
- Figure 91:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, RUSSIA, 2017 - 2029
- Figure 92:
- VALUE OF ALMOND MILK MARKET, USD MN, RUSSIA, 2017 - 2029
- Figure 93:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SPAIN, 2017 - 2029
- Figure 94:
- VALUE OF ALMOND MILK MARKET, USD MN, SPAIN, 2017 - 2029
- Figure 95:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, TURKEY, 2017 - 2029
- Figure 96:
- VALUE OF ALMOND MILK MARKET, USD MN, TURKEY, 2017 - 2029
- Figure 97:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED KINGDOM, 2017 - 2029
- Figure 98:
- VALUE OF ALMOND MILK MARKET, USD MN, UNITED KINGDOM, 2017 - 2029
- Figure 99:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF EUROPE, 2017 - 2029
- Figure 100:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF EUROPE, 2017 - 2029
- Figure 101:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, MIDDLE EAST, 2017 - 2029
- Figure 102:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, MIDDLE EAST, 2017 - 2029
- Figure 103:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 104:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 105:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, MIDDLE EAST, 2017 - 2029
- Figure 106:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, MIDDLE EAST, 2017 - 2029
- Figure 107:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 108:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 109:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BAHRAIN, 2017 - 2029
- Figure 110:
- VALUE OF ALMOND MILK MARKET, USD MN, BAHRAIN, 2017 - 2029
- Figure 111:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, KUWAIT, 2017 - 2029
- Figure 112:
- VALUE OF ALMOND MILK MARKET, USD MN, KUWAIT, 2017 - 2029
- Figure 113:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, OMAN, 2017 - 2029
- Figure 114:
- VALUE OF ALMOND MILK MARKET, USD MN, OMAN, 2017 - 2029
- Figure 115:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SAUDI ARABIA, 2017 - 2029
- Figure 116:
- VALUE OF ALMOND MILK MARKET, USD MN, SAUDI ARABIA, 2017 - 2029
- Figure 117:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 118:
- VALUE OF ALMOND MILK MARKET, USD MN, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 119:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2017 - 2029
- Figure 120:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF MIDDLE EAST, 2017 - 2029
- Figure 121:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, NORTH AMERICA, 2017 - 2029
- Figure 122:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, NORTH AMERICA, 2017 - 2029
- Figure 123:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 124:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 125:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, NORTH AMERICA, 2017 - 2029
- Figure 126:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, NORTH AMERICA, 2017 - 2029
- Figure 127:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 128:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 129:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, CANADA, 2017 - 2029
- Figure 130:
- VALUE OF ALMOND MILK MARKET, USD MN, CANADA, 2017 - 2029
- Figure 131:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, MEXICO, 2017 - 2029
- Figure 132:
- VALUE OF ALMOND MILK MARKET, USD MN, MEXICO, 2017 - 2029
- Figure 133:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED STATES, 2017 - 2029
- Figure 134:
- VALUE OF ALMOND MILK MARKET, USD MN, UNITED STATES, 2017 - 2029
- Figure 135:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF NORTH AMERICA, 2017 - 2029
- Figure 136:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF NORTH AMERICA, 2017 - 2029
- Figure 137:
- VOLUME OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 138:
- VALUE OF ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, SOUTH AMERICA, 2017 - 2029
- Figure 139:
- VOLUME SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 140:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 141:
- VOLUME OF ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 142:
- VALUE OF ALMOND MILK MARKET BY COUNTRY, USD MN, SOUTH AMERICA, 2017 - 2029
- Figure 143:
- VOLUME SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 144:
- VALUE SHARE OF ALMOND MILK MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 145:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
- Figure 146:
- VALUE OF ALMOND MILK MARKET, USD MN, ARGENTINA, 2017 - 2029
- Figure 147:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
- Figure 148:
- VALUE OF ALMOND MILK MARKET, USD MN, BRAZIL, 2017 - 2029
- Figure 149:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 150:
- VALUE OF ALMOND MILK MARKET, USD MN, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 151:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2029
- Figure 152:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2029
- Figure 153:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Almond Milk Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- Global off-trade retailing dominated the overall retail space during the review period (2017-2022). In 2022, the major factor associated with the domination of these retailers was consumer satisfaction. Consumers are highly attracted to off-trade retailing due to the greater convenience and comfort offered while purchasing almond milk. Globally, off-trade channels observed a growth of 6.84% from 2021.
- By region, Asia-Pacific had the largest share of 48.73% in the overall off-trade distribution channels. In Asia-Pacific, off-trade channels offer almond milk at varied prices (low, medium, and high). The almond milk sold by these retailing units is available from USD 2.55 to as high as USD 16.4. The availability of almond milk at varied prices also promotes the buying power among consumers as they can purchase the products which suit their affordability parameters.
- On-trade retailers are focusing on providing a variety of almond milk, including different flavors such as unsweetened, chocolate, vanilla, etc. Despite offering different flavors, these retailers cannot provide complete information such as product specifics (ingredient used, seed used, and others) to consumers. Thus, consumers prefer purchasing their almond milk beverages through off-trade modes. In 2022, Europe was considered the fastest-growing region in terms of on-trade channels, with a share of 7.41%.
- Between 2018-2022, among the off-trade mode, specialty stores gained significant demand as they offered higher visibility about the product to consumers. With the growing demand for almond milk, the global off-trade distribution segment is expected to grow by 24.7% in 2025 from 2022.
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
| Keyword | Definition |
|---|---|
| Cultured Butter | Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients. |
| Uncultured Butter | This type of butter is one which has not been processed in any way |
| Natural Cheese | The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk. |
| Processed Cheese | Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings. |
| Single Cream | Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk. |
| Double Cream | Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream |
| Whipping Cream | This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings. |
| Frozen Desserts | Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts |
| UHT Milk (Ultra-high temperature milk) | Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months. |
| Non-dairy butter/Plant-based butter | Butter made from plant-derived oil such as coconut, palm, etc. |
| Non-dairy Yogurt | Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas |
| On-trade | It refers to restaurants, QSRs, and bars. |
| Off-trade | It refers to supermarkets, hypermarkets, on-line channels, etc. |
| Neufchatel cheese | One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy. |
| Flexitarian | It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat. |
| Lactose Intolerance | Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products. |
| Cream Cheese | Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream. |
| Sorbets | Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey. |
| Sherbet | Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream. |
| Shelf stable | Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely. |
| DSD | Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer. |
| OU Kosher | Orthodox Union Kosher is a kosher certification agency based in New York City. |
| Gelato | Gelato is a frozen creamy dessert made with milk, heavy cream and sugar. |
| Grass-fed Cows | Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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