Almond Milk Market Set for High Growth Through 2031, Led by North America's 43% Global Market Share | DataM Intelligence

The Global Almond Milk Market is expected to grow at a high CAGR during the forecast period 2024-2031.

Market growth is driven by rising consumer preference for plant-based and lactose-free beverages, increasing awareness of health and wellness, and growing adoption of vegan and flexitarian diets. Additionally, expanding availability of flavored and fortified almond milk products, along with strong demand from cafes and foodservice channels, is further supporting market expansion.

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United States: Key Industry Developments
✅ December 2025: Danone North America expanded its Silk almond milk portfolio with a fortified, high-protein variant designed for fitness enthusiasts, emphasizing enhanced calcium and vitamin D levels to appeal to health-focused consumers amid rising demand for functional beverages.

✅ November 2025: Blue Diamond Growers introduced Almond Breeze Organic Unsweetened Almondmilk in larger family-sized cartons, incorporating sustainable almond sourcing from California orchards to meet eco-conscious retail trends.

✅ October 2025: Califia Farms launched a limited-edition flavored almond milk line with exotic superfood infusions like turmeric and matcha, targeting premium grocery chains and boosting market share through innovative taste profiles.

Asia Pacific / Japan: Key Industry Developments
✅ December 2025: Meiji Corporation rolled out a new almond milk-based ready-to-drink beverage fortified with Japanese matcha, catering to local preferences for blended plant-based drinks in convenience stores.

✅ November 2025: Kirin Holdings expanded its plant-based lineup with almond milk yogurt alternatives, focusing on creamy textures and low-sugar formulations to capture the growing non-dairy dessert segment in Japan.

✅ October 2025: Regional manufacturers in China and India announced joint ventures for almond milk production facilities, driven by 9-12% CAGR projections and government incentives for dairy alternatives.

Key Merges and Acquisitions(2025):
✅ Leading firms in the almond milk sector enhanced their plant-based portfolios through strategic acquisitions of established brands and production facilities in 2025, driving market expansion and innovation.

✅ Major beverage companies bolstered European and North American presence by acquiring clean-label producers and nut-based operations, significantly increasing shelf-stable capacity.

✅ Industry players pursued mergers with creamer specialists and functional drink innovators to capture rising demand for organic and fortified almond alternatives.

Market Segmentation Analysis:
-By Type: Conventional vs Organic
Conventional almond milk holds 72% market share as of 2025, favored for its lower cost and wider availability through mass production using standard farming practices.
Organic captures 28%, appealing to health-conscious consumers seeking pesticide-free options with premium pricing and certifications driving steady demand.

-By Packaging: Cartons vs Bottles vs Cans
Cartons lead with 58% share, offering lightweight, recyclable designs ideal for shelf-stable transport and consumer convenience in retail.
Bottles follow at 32%, used for premium or refrigerated products emphasizing freshness and visibility.
Cans hold 10%, valued for portability but limited by metallic taste concerns and lower appeal.

-By Application: Beverages vs Frozen Desserts vs Personal Care vs Others
Beverages dominate with 65% share, serving as a direct dairy substitute in coffee, smoothies, and cereals due to neutral taste and low calories.
Frozen Desserts take 15%, incorporated in vegan ice creams for creamy texture without dairy.
Personal Care accounts for 10%, used in lotions and soaps for moisturizing almond oil benefits.
Others (bakery, savory) make up 10%, expanding into niche processed foods.

-By Distribution Channel: Supermarkets/Hypermarkets vs Convenience Stores vs Online Sales
Supermarkets/Hypermarkets command 52% share, providing high visibility and bulk buying for everyday shoppers.
Convenience Stores hold 25%, catering to impulse purchases with grab-and-go formats.
Online Sales grow at 23%, boosted by e-commerce platforms like Amazon for variety and home delivery.

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Why is the Almond Milk Market Growing?
The rapid expansion of the almond milk market in 2025 is fueled by several critical factors:​

-Rising Demand for Plant-Based Alternatives: Health-conscious consumers increasingly seek dairy-free options due to veganism, ethical concerns, and environmental preferences for sustainable diets.​

-Prevalence of Lactose Intolerance: Growing awareness of lactose intolerance and dairy allergies drives adoption of almond milk as a low-calorie, fortified alternative rich in vitamin E and calcium.​

-Product Innovation and Variety: Manufacturers introduce flavored, unsweetened, and protein-enriched variants, boosting appeal through diverse formats and functional benefits.​

-Regional and Channel Expansion: Strong growth in Asia-Pacific via rising incomes, alongside surging online retail and foodservice integration, accelerates global access.​

Regional Insights:
-North America leads the global almond milk market with the highest share, estimated at around 43% as of 2025, driven by high consumer demand for plant-based alternatives, lactose intolerance prevalence, and strong presence of key players like Blue Diamond Growers and Danone. The region's market was valued at approximately USD 3.61 billion in 2024, projected to grow significantly due to health trends and vegan adoption.​

-Europe follows with about 28% market share, fueled by rising veganism, sustainability focus, and fortified product innovations in countries like the UK and France. Growth is supported by regulatory pushes for plant-based options and expanding retail channels.​

-Asia Pacific holds roughly 18% share, experiencing rapid expansion from urbanization, health awareness in markets like China and India, and increasing disposable incomes. Demand is boosted by lactose intolerance and a shift toward functional beverages.​

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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 produces a leading line of almond milk beverages, including unsweetened and flavored varieties, leveraging its cooperative of almond farmers to emphasize natural ingredients and sustainability.

-Califia Farms offers premium plant-based almond milk options like creamy originals, barista blends, and flavored drinks, focusing on high-protein formulations and eco-friendly packaging.

-SunOpta Inc. manufactures and supplies organic and conventional almond milk bases for private-label brands, supporting large-scale production with innovative processing for extended shelf life.

-The Hain Celestial Group develops almond milk under brands like Dream and Rice Dream, targeting health-conscious consumers with non-GMO, organic blends enriched with vitamins.

-WhiteWave Foods (now part of Danone) markets Silk almond milk products, featuring fortified varieties for everyday use, including dairy-free alternatives with added calcium and protein.

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