Summary

Market Overview:

The global almond milk market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.

Almond milk is made from an emulsion of blanched almonds, acacia, sugar and water. It is lactose-free and has fewer calories, sugar and phosphorus as compared to conventional milk. Moreover, it is rich in vitamin E and D, and offers numerous health benefits, such as keeping the heart healthy, strengthening bones and muscles, maintaining the level of sugar in the blood, and aids in weight management. Consequently, it finds extensive applications in the food and beverage (F&B) and personal care industries across various regions of the world. At present, almond milk is available in different packaging and flavors, including plain, vanilla, mango and chocolate.


The rising cases of lactose intolerance and hypercholesterolemia, along with the increasing health consciousness among individuals, represent as the key factors driving the global almond milk market growth. Additionally, as almond milk is plant-based, it is gaining traction among the vegan population across the globe. It is also being utilized in the preparation of various chocolates, cream liquor and bakery goods that are marketed for the lactose-intolerant population. Moreover, the growing personal care industry on account of changing lifestyles and inflating income levels is further escalating the demand for almond milk-based products around the world. Other than this, with the burgeoning e-commerce sector, leading manufactures operating in the industry are offering their products through online distribution channels as they provide conveniences, such as free shipping and home delivery facilities to consumers. These manufacturers are also offering unique flavors, such as toasted coconut, as well as on-the-go variants.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global almond milk market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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. and The WhiteWave Foods Company, etc.

Key Questions Answered in This Report

1. What was the size of the global almond milk market in 2022?
2. What is the expected growth rate of the global almond milk market during 2023-2028?
3. What are the key factors driving the global almond milk market?
4. What has been the impact of COVID-19 on the global almond milk market?
5. What is the breakup of the global almond milk market based on the type?
6. What is the breakup of the global almond milk market based on the category?
7. What is the breakup of the global almond milk market based on packaging type?
8. What is the breakup of the global almond milk market based on the application?
9. What is the breakup of the global almond milk market based on the distribution channel?
10. What are the key regions in the global almond milk market?
11. Who are the key players/companies in the global almond milk market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Almond Milk Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Plain
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Flavored
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Category
7.1 Organic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Packaging Type
8.1 Carton
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Glass
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Beverages
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Frozen Desserts
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Personal Care
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Hypermarkets and Supermarkets
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Convenience Stores
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Online Stores
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Blue Diamond Growers
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Califia Farms LLC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Daiya Foods Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Earth's Own Food Company Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Hain Celestial Group
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Hiland Dairy Foods
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Malk Organics LLC
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Pacific Foods of Oregon LLC
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Sanitarium
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 SunOpta Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 The WhiteWave Foods Company
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Almond Milk Market: Major Drivers and Challenges
Figure 2: Global: Almond Milk Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Almond Milk Market: Breakup by Type (in %), 2022
Figure 4: Global: Almond Milk Market: Breakup by Category (in %), 2022
Figure 5: Global: Almond Milk Market: Breakup by Packaging Type (in %), 2022
Figure 6: Global: Almond Milk Market: Breakup by Application (in %), 2022
Figure 7: Global: Almond Milk Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Almond Milk Market: Breakup by Region (in %), 2022
Figure 9: Global: Almond Milk Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Almond Milk (Plain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Almond Milk (Plain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Almond Milk (Flavored) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Almond Milk (Flavored) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Almond Milk (Organic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Almond Milk (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Almond Milk (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Almond Milk (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Almond Milk (Carton) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Almond Milk (Carton) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Almond Milk (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Almond Milk (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Almond Milk (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Almond Milk (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Almond Milk (Frozen Desserts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Almond Milk (Frozen Desserts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Almond Milk (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Almond Milk (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Almond Milk (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Almond Milk (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Almond Milk (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Almond Milk (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Almond Milk (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Almond Milk (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia Pacific: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia Pacific: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Almond Milk Industry: SWOT Analysis
Figure 89: Global: Almond Milk Industry: Value Chain Analysis
Figure 90: Global: Almond Milk Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Almond Milk Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Almond Milk Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Almond Milk Market Forecast: Breakup by Category (in Million US$), 2023-2028
Table 4: Global: Almond Milk Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028
Table 5: Global: Almond Milk Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Almond Milk Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 7: Global: Almond Milk Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Almond Milk Market: Competitive Structure
Table 9: Global: Almond Milk Market: Key Players