Almond Milk Market Set for Strong Growth to USD 28.02 Billion by 2035, Led by North America's 34% Market Share | DataM Intelligence​

The Global Almond Milk Market is valued at approximately USD 7.94 billion in 2025 and is projected to reach about USD 28.02 billion by 2035, growing at a CAGR of around 12.01% during the forecast period from 2025 to 2035.

This robust growth is driven by rising health consciousness, increasing lactose intolerance and vegan diet adoption, and innovations in plant-based product formulations. Expanding e-commerce distribution and demand for sustainable, organic alternatives further accelerate market expansion amid shifting consumer preferences toward dairy-free options.

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United States: Key Industry Developments
✅ July 2025: Dunkin' announced the removal of the surcharge for plant-based milks, including almond milk, across all U.S. beverages to promote equity, sustainability, and greater accessibility for consumers seeking dairy alternatives.​

✅ May 2025: Elmhurst 1925 launched new almond milk variants featuring enhanced nutritional profiles and clean-label ingredients, responding to rising demand for healthier, transparent plant-based options in the market.​

✅ March 2025: Blue Diamond Growers, maker of Almond Breeze, exited the Australian and New Zealand markets to refocus on profitable regions like the U.S., where almond milk demand continues to drive competitive growth.​

Asia Pacific / Japan: Key Industry Developments
✅ May 2025: Asahi Group Holdings launched a new line of almond milk beverages in Japan, targeting health-conscious consumers amid expanding demand for dairy-free, plant-based options in the region.​

✅ October 2025: Asia-Pacific solidified its dominance in the almond milk market, holding an estimated 49.8% global share, fueled by health trends, vegan adoption, and innovations in ready-to-drink products across Japan, China, and India.​

Key Merges and Acquisitions(2025):
✅ Danone strengthens plant-based portfolio with new investment: In early 2025, Danone, a major player in the plant-based milk market, announced a strategic investment in its European production facilities. This move focuses on increasing capacity for almond and oat milk products, reflecting the company's commitment to scaling its leading plant-based brands globally.

✅ PepsiCo acquires Poppi (Indirect Impact): PepsiCo's acquisition of the functional beverage brand Poppi for $1.95 billion in 2025 highlights a significant market shift towards health-conscious consumer products. This trend directly benefits the almond milk market, as consumers increasingly seek healthier, dairy-free alternatives with added functional benefits.

✅ General Mills acquires BellRing Brands, Inc. (Indirect Impact): The acquisition of wellness-focused BellRing Brands by General Mills for $4.5 billion in July 2025 demonstrates major food corporations' interest in acquiring healthy lifestyle brands. Almond milk fits this category as a high-growth alternative to traditional dairy.

Market Segmentation Analysis:
-By Type: Conventional Leads with Larger Share
Conventional almond milk holds 68% market share as of 2024, favored for its affordability and widespread availability produced via standard farming practices without organic certification premiums.​
Organic captures 32%, appealing to health-focused consumers seeking pesticide-free options with higher nutritional profiles, though limited by higher costs.​

-By Packaging: Cartons Dominate Market
Cartons command 58% share due to their recyclability, extended shelf life, and convenience for retail display and transport.​
Bottles follow at 25%, offering portability for on-the-go use, while cans hold 17%, valued for durability but less common due to environmental concerns.​

-By Application: Beverages Drive Demand
Beverages lead with 62% share, used in smoothies, coffee, and direct consumption for low-calorie dairy alternatives.​
Frozen desserts take 18%, personal care 12% for skincare formulations, and others 8% spanning bakery and nutraceuticals.​

-By Distribution Channel: Supermarkets Prevail
Supermarkets/hypermarkets secure 52% share through high visibility and bulk purchasing options.​
Convenience stores hold 22%, online sales 18% boosted by e-commerce growth, and others 8% including specialty outlets.​

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Growth Drivers:
-Rising demand for plant-based alternatives due to the shift toward vegan and vegetarian diets, driven by ethical, health, and environmental motivations.​

-Increasing health consciousness, as almond milk offers lower calories, fat, and cholesterol compared to dairy milk, along with nutritional benefits like vitamin E and fortification.​

-Growing prevalence of lactose intolerance and dairy allergies, prompting consumers to seek dairy-free options.​

-Product innovation, including new flavors, fortified formulations, unsweetened varieties, and functional ingredients to meet diverse preferences.​

-Expansion in distribution channels and emerging markets, fueled by e-commerce growth, urbanization, rising disposable incomes, and awareness in regions like Asia-Pacific.

Regional Insights:
-North America leads the almond milk market with a substantial 34.58% share in 2024, driven by strong consumer acceptance of plant-based alternatives, widespread availability through advanced distribution networks, and supportive regulations fostering innovation. This dominance positions the region ahead of others, benefiting from high lactose intolerance rates and popularity of vegan diets.​

-Asia Pacific follows as the second-largest region, commanding over 44% of the global market in 2024 according to one analysis, fueled by rising health consciousness, vegan trends, increasing disposable incomes, and expanding product availability in urban areas like China and India. The region exhibits the fastest growth at a 13.45% CAGR through 2030, supported by urbanization and shifting dietary preferences toward sustainable options.​

-Europe ranks third among key regions, with notable but smaller market penetration compared to North America and Asia Pacific, influenced by established dairy traditions in parts of the area that limit faster adoption. Growth occurs steadily, as seen in country-level CAGRs like Germany's 6.5% from 2025-2035, amid rising demand for plant-based alternatives.​

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Key Players:
Daiya Foods Inc. | Hain Celestial Group | WhiteWave Foods | SunOpta Inc. | Blue Diamond Growers | Galaxy Nutritional Foods Inc. | Tofutti Brands Inc. | Califia Farms | Hiland Dairy | PureHarvest

Key Highlights (Top 5 Key Players) for Almond Milk Market:
-Blue Diamond Growers leads through end-to-end almond control from farming to distribution, supporting strong private label and branded growth in a market valued at USD 11.5 billion in 2024.​

-Califia Farms expanded via strategic acquisitions and food service partnerships, enhancing premium positioning amid 12.3% CAGR projections to USD 36.7 billion by 2033.​

-SunOpta invested USD 26 million in its Modesto facility to boost production capacity, aligning with rising plant-based demand.​

-Hain Celestial Group maintains a key role in the competitive landscape, driven by health-conscious consumer shifts toward dairy alternatives.​

-Daiya Foods Inc. focuses on plant-based innovations, contributing to market expansion in a sector growing at 9.26% CAGR through 2030.​

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