Almond Milk Market Size, Share, Growth Opportunities and Business Statistics 2024-2032

According to the latest report by IMARC Group, titled “Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on almond milk market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global almond milk market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.9% during 2024-2032.

Almond milk is a dairy-free milk alternative prepared from almonds and water. It has gained popularity in recent years as a healthy and environmentally friendly alternative to traditional cow's milk. To make almond milk, whole almonds are typically soaked in water, blended, and then strained to remove the solid almond pulp, resulting in a smooth, creamy liquid. It is lower in calories compared to cow's milk, making it a popular choice for those watching their calorie intake. Almond milk is a good source of vitamins and minerals, particularly vitamin E, which is known for its antioxidant properties, as well as calcium, vitamin D, and magnesium when fortified. Some varieties also contain added sugars or flavorings for taste enhancement. Moreover, almond milk is considered more sustainable than dairy milk because it requires fewer natural resources, such as water and land, to produce. Its popularity has led to a wide range of almond milk products on the market, including plain, vanilla, and chocolate-flavored options, catering to various tastes and dietary preferences.

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Market Trends:

The global market is driven by the increasing demand for dairy alternatives among health-conscious consumers. Almond milk is viewed as a healthier option compared to traditional cow's milk, as it is naturally lactose-free, low in calories, and contains no cholesterol. Additionally, it is a rich source of vitamins, minerals, and antioxidants, making it an attractive choice for individuals seeking a nutritious and plant-based beverage. Environmental sustainability is another significant factor propelling the almond milk market forward. As consumers become more aware of the environmental impact of dairy farming, they are seeking more sustainable options. Almond milk production generally has a lower carbon footprint compared to dairy farming, which requires substantial resources, such as land and water. Furthermore, the versatility of almond milk as a dairy substitute in various culinary applications, from coffee to smoothies to baking, contributes to its market growth. 

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Blue Diamond Growers
• Califia Farms LLC
• Daiya Foods Inc.
• Earth's Own Food Company Inc.
• Hain Celestial Group
• Hiland Dairy Foods
• Malk Organics LLC
• Pacific Foods of Oregon LLC
• Sanitarium
• SunOpta Inc.
• The WhiteWave Foods Company

Almond Milk Market Segmentation:

Our report has categorized the market based on region, type, category, packaging type, application and distribution channel.

Breakup by Type:

• Plain
• Flavored

Breakup by Category:

• Organic
• Conventional

Breakup by Packaging Type:

• Carton
• Glass
• Others

Breakup by Application:

• Beverages
• Frozen Desserts
• Personal Care
• Others

Breakup by Distribution Channel:

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

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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