Almond Milk Market Size Was Valued at USD 9.62 Billion in 2023 and is Projected to Reach USD 32.54 Billion by 2032, Growing at a CAGR of 14.5% From 2024-2032.
Almond milk is a plant-based beverage made from ground almonds and water which has a nutty flavour. This milk is mainly preferred by vegan consumers. It is a popular dairy milk alternative with a creamy texture.Almond milk is used in various applications due to its versatility, nutritional profile, and suitability for various dietary preferences. It is a popular dairy milk alternative that can be used as a substitute for dairy milk in various recipes, including beverages, baked goods, and desserts. It can be used to make creamy puddings, custards, and other desserts due to its smooth texture and subtle nutty flavour which enhances the taste of these sweet treats.
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Almond milk offers several nutritional benefits such as low calories, low fats, and no cholesterol. It is relatively low in calories compared to cow’s milk and naturally low in saturated fat, making it beneficial for calorie-conscious consumers and heart health. Almond milk is naturally lactose-free which provides a dairy-free alternative for those seeking to avoid lactose or have dairy-related dietary restrictions.
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Segmentation Analysis of The Almond Milk Market
By Type, Flavoured Segment Is Expected to Dominate the Market During the Forecast Period
By type, there are three segments such as unsweetened, sweetened and flavoured. Among these, the flavoured segment is expected to dominate the market during the forecast period.Flavoured almond milk offers a wide range of taste options with flavours such as chocolate, vanilla, strawberry, and matcha. These flavours provide a refreshing and flavourful twist to traditional almond milk helping to attract not only health-conscious consumers but also those seeking a flavourful alternative to dairy milk or other plant-based milk. Flavoured almond milk has gained popularity among younger consumers who typically seek innovative and exciting food and beverage options.
By Form, Liquid Segment Held the Largest Share In 2023
By form, there are four segments such as liquid, powder, frozen, and concentrate. Among these, the liquid segment held the largest share in 2023. Liquid almond milk is a versatile product that can be used in various culinary applications and dietary requirements serving as a vegan-friendly dairy milk alternative. The liquid almond milk segment is offered in a wide range of flavours and formulation options which can cater to different consumer preferences.
Segments Covered:
By Type
· Unsweetened Almond Milk
· Sweetened Almond Milk
· Flavoured Almond Milk
By Form
· Liquid Almond Milk
· Powder Almond Milk
· Frozen Almond Milk
· Concentrate Almond Milk
By Application
· Beverage
· Cereal & Breakfast
· Cooking and Baking
· Dairy Alternatives
· Nutritional Supplement
By Distribution Channel
· Supermarkets
· Retail Stores
· Online Stores
· Health Food Stores
The Almond Milk Market Report Highlight: / Trend Analysis
Increasing Awareness About Plant-Based Dairy Products
There is a growing shift towards plant-based diets driven due to factors such as health consciousness, environmental concerns, and ethical considerations. As a plant-based product, almond milk is gaining popularity in the market. Many individuals are lactose intolerant or have milk allergies, and seek dairy alternatives. Almond milk offers a lactose-free and dairy-free option which contributes to its demand.
Key Industry Development:
In April 2024, Califia Farms launched its new Cookies ‘N Crème Almond Creamer, combining smooth almond milk with the indulgent flavour of cookies and cream ice cream. It offers the delicious and nostalgic flavour of cookies and cream ice cream paired with almond milk.
In 2024, The Laughing Cow, a USA company, announced the launching of plant-based spreadable cheese product nationwide in 2025. This cheese is using almond milk to create a creamy texture in a garlic and herb flavour.
Top Key Players Covered in The Almond Milk Market:
Daiya Foods Inc. (Canada),Hain Celestial Group (USA),Whitewave Foods (USA),Sunopta Inc. (Canada),Danone (France),Nestle (Switzerland),Blue Diamond Growers (USA),Galaxy Nutritional Foods, Inc. (USA),Tofutti Brands Inc (USA),Califia Farms LLC (USA),Earth’s Own Food Company Inc. (Canada),Hiland Dairy Foods (USA),Malk Organics LLC (USA),Pacific Foods of Oregon LLC (USA),Sanitarium Health and Wellbeing Company (Australia),The WhiteWave Foods Company (USA),Alpro (Belgium),Pacific Foods (United States),Califia Farms (United States),Good Karma Foods (United States),Rude Health (United Kingdom),Almond Breeze (United States),Plenish (United Kingdom),Provamel (Belgium),So Delicious Dairy Free (United States),Mooala (United States),Urban Platter (India),Epigamia (India),Raw Pressery (India)
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Almond Milk Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
The Asia Pacific region is experiencing rapid urbanization and changing lifestyle patterns with an increase in disposable income which results in the adoption of Western dietary habits and embracing plant-based alternatives like almond milk. Consumers are becoming more conscious of their dietary choices, seeking healthier alternatives to conventional dairy milk with its nutritional profile and potential health benefits. Almond milk aligns with these trends which increases its popularity among consumers.
Hot Melt Adhesives Market By Region:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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