Almond Milk Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 4.97 Billion |
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Market Size (2029) | USD 9.61 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2023 - 2029) | 11.61 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Almond Milk Market Analysis
The Almond Milk Market size is estimated at 4.97 billion USD in 2023, and is expected to reach 9.61 billion USD by 2029, growing at a CAGR of 11.61% during the forecast period (2023-2029).
- Off-Trade is the largest distribution channel in the Almond Milk Market. Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of dairy products.
- The largest region for the Almond Milk Market is North America. With the increasing number of people suffering from lactose intolerance with the shifting preferences towards almond milk within the region is largely driving the regional growth.
- Among all the Distribution Channels, Off-Trade is the Fastest-growing contributor to the Almond Milk Market. The onset of the experimential economy and the rising social media platforms with increasing consumer reach in the market is driving the off trade channels through online channels
- The growth rate of Middle East segment indicates that it is the Fastest-growing region. The shift in consumer behavior is largely driving the Middle East region. It was majorly due to the rising concerns regarding animal welfare, personal health, and sustainability.
Availability of price comparison from different brands led the supermarkets to be most opted channel
- Global off-trade retailing dominated the overall retail space during the review period (2017-2022). In 2022, the major factor associated with the domination of these retailers was consumer satisfaction. Consumers are highly attracted to off-trade retailing due to the greater convenience and comfort offered while purchasing almond milk. Globally, off-trade channels observed a growth of 6.84% from 2021.
- By region, Asia-Pacific had the largest share of 48.73% in the overall off-trade distribution channels. In Asia-Pacific, off-trade channels offer almond milk at varied prices (low, medium, and high). The almond milk sold by these retailing units is available from USD 2.55 to as high as USD 16.4. The availability of almond milk at varied prices also promotes the buying power among consumers as they can purchase the products which suit their affordability parameters.
- On-trade retailers are focusing on providing a variety of almond milk, including different flavors such as unsweetened, chocolate, vanilla, etc. Despite offering different flavors, these retailers cannot provide complete information such as product specifics (ingredient used, seed used, and others) to consumers. Thus, consumers prefer purchasing their almond milk beverages through off-trade modes. In 2022, Europe was considered the fastest-growing region in terms of on-trade channels, with a share of 7.41%.
- Between 2018-2022, among the off-trade mode, specialty stores gained significant demand as they offered higher visibility about the product to consumers. With the growing demand for almond milk, the global off-trade distribution segment is expected to grow by 24.7% in 2025 from 2022.
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With increasing health concious consumers, the demand is mostly driven from North America and Asia-Pacific regions
- The global almond milk market observed growth of 5.83% in 2022 compared to 2021. The increase was attributed to the rising number of health-conscious consumers worldwide. In 2022, the per capita consumption of almond milk was 1.28 kg. Some of the most preferred brands of almond milk are Minor Figures, Alpro, and Califia Farms.
- In the Asia-Pacific region, almond milk is majorly used for various purposes. In 2022, consumers preferred almond milk as a substitute for animal-based milk in the region. In the Asia-Pacific region, Australia is considered the fastest-growing country for almond milk. In Australia, 30% of the population was diagnosed with irritable bowel syndrome (IBS) in 2022. Almonds are a great source of soluble fiber, and almond milk has fiber that relieves IBS and constipation.
- In North America, almond milk is used as a healthy beverage among the population. Health-conscious consumers majorly prefer it. Since almond milk has lower fat content than animal-based milk, it is consumed by the population following a calorie deficit diet. To mitigate the effects of lactose intolerance, most consumers are majorly drinking almond milk as a replacement for animal milk. The per capita consumption of non-dairy milk in the region was 3.23 kg in 2022.
- During the forecast period, with the growing focus on the benefits of almond-based milk, its demand is expected to rise. Consumers are more likely to prefer innovative flavors in the almond milk segment.
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Global Almond Milk Market Trends
Growing popularity of almond milk due to its perception as a protein-rich nut-based milk, increasing veganism, and demand for plant-based products, coupled with its lower calorie content compared to other milk alternatives
- The per capita consumption of almond milk is expected to grow by 7.40% from 2023-2024 globally. The consumption of all types of plant milk is on the rise. Almond milk is a modern-day fixture of the conscious-eating movement. Of all the non-dairy milk alternatives lining store shelves, almond milk is the most popular among consumers. Almond milk is among the top three plant milk consumed globally.
- Fitness-conscious consumers are looking for sports nutrition supplements to seek a lean body, strength, and performance. Almond milk is exclusively consumed as it is perceived as a protein-rich nut-based milk. Encouragement from nutritionists and other fitness experts is also boosting the market sentiment for sports nutrition in the region. The growing veganism, higher demand for plant-based products, and changing dietary preferences among consumers are evident globally. In 2022, around 3% of German consumers, between 18 and 64 years of age followed a vegan diet. In Brazil, China, Mexico, and the United States, between 2% to 6% of respondents followed a vegan diet.
- The growing volume of lactose-intolerance consumers globally has led to a focus on the consumption of plant-based milk (almond milk). In 2022, 30 to 50 million Americans were lactose intolerant. The fat percentage in almond milk is significantly lesser than in other milk; one cup (8oz or 240ml) of unsweetened almond milk provides 39 calories, whereas unsweetened hemp milk (made from water and hulled hemp seed) provides about 60 calories in a one-cup serving.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Global increase in almond production is driven by manufacturers' focus on plant-based milk production and increasing consumer preference for vegan diets and the health benefits of almonds
Almond Milk Industry Overview
The Almond Milk Market is moderately consolidated, with the top five companies occupying 41.95%. The major players in this market are Blue Diamond Growers, Califia Farms LLC, Danone SA, Ecotone and The Hain Celestial Group Inc. (sorted alphabetically).
Almond Milk Market Leaders
Blue Diamond Growers
Califia Farms LLC
Danone SA
Ecotone
The Hain Celestial Group Inc.
Other important companies include Campbell Soup Company, Malk Organics LLC, Nestlé SA, SunOpta Inc., The Coca-Cola Company.
*Disclaimer: Major Players sorted in no particular order
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Almond Milk Market News
- October 2022: SunOpta Inc. completed the first phase of a USD 100 million sterile alternative milk plant in Midlothian to manufacture sustainable milk and food products.
- April 2022: Califia Farms launched the Unsweetened Almond Barista Blend, which contains calcium and vitamin D.
- January 2022: Danone North America introduced a new addition to its almond milk portfolio named Silk Extra Creamy Almondmilk, featuring a blend of three types of almonds.
Almond Milk Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Per Capita Consumption
2.2. Raw Material/Commodity Production
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Retail
3.1.1.3. Specialist Retailers
3.1.1.4. Supermarkets and Hypermarkets
3.1.1.5. Others (Warehouse clubs, gas stations, etc.)
3.1.2. On-Trade
3.2. Region
3.2.1. Africa
3.2.1.1. By Distribution Channel
3.2.1.2. Egypt
3.2.1.3. Nigeria
3.2.1.4. South Africa
3.2.1.5. Rest of Africa
3.2.2. Asia-Pacific
3.2.2.1. By Distribution Channel
3.2.2.2. Australia
3.2.2.3. China
3.2.2.4. India
3.2.2.5. Indonesia
3.2.2.6. Japan
3.2.2.7. Malaysia
3.2.2.8. New Zealand
3.2.2.9. Pakistan
3.2.2.10. South Korea
3.2.2.11. Rest of Asia Pacific
3.2.3. Europe
3.2.3.1. By Distribution Channel
3.2.3.2. Belgium
3.2.3.3. France
3.2.3.4. Germany
3.2.3.5. Italy
3.2.3.6. Netherlands
3.2.3.7. Russia
3.2.3.8. Spain
3.2.3.9. Turkey
3.2.3.10. United Kingdom
3.2.3.11. Rest of Europe
3.2.4. Middle East
3.2.4.1. By Distribution Channel
3.2.4.2. Bahrain
3.2.4.3. Kuwait
3.2.4.4. Oman
3.2.4.5. Saudi Arabia
3.2.4.6. United Arab Emirates
3.2.4.7. Rest of Middle East
3.2.5. North America
3.2.5.1. By Distribution Channel
3.2.5.2. Canada
3.2.5.3. Mexico
3.2.5.4. United States
3.2.5.5. Rest of North America
3.2.6. South America
3.2.6.1. By Distribution Channel
3.2.6.2. Argentina
3.2.6.3. Brazil
3.2.6.4. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Blue Diamond Growers
4.4.2. Califia Farms LLC
4.4.3. Campbell Soup Company
4.4.4. Danone SA
4.4.5. Ecotone
4.4.6. Malk Organics LLC
4.4.7. Nestlé SA
4.4.8. SunOpta Inc.
4.4.9. The Coca-Cola Company
4.4.10. The Hain Celestial Group Inc.
5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF ALMOND MILK, KG, GLOBAL, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF GLOBAL ALMOND MILK MARKET - RAW MATERIAL, METRIC TONNES, GLOBAL, 2017 - 2021
- Figure 3:
- VOLUME OF ALMOND MILK, METRIC TONNES, BY GLOBAL, 2017 - 2029
- Figure 4:
- VALUE OF ALMOND MILK, USD, BY GLOBAL, 2017 - 2029
- Figure 5:
- VOLUME OF GLOBAL ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 6:
- VALUE OF GLOBAL ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF GLOBAL ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 8:
- VALUE SHARE OF GLOBAL ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 9:
- VOLUME OF GLOBAL ALMOND MILK MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 10:
- VALUE OF GLOBAL ALMOND MILK MARKET BY SUB DISTRIBUTION CHANNELS, USD, GLOBAL, 2017 - 2029
- Figure 11:
- VOLUME SHARE OF GLOBAL ALMOND MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 - 2029
- Figure 12:
- VALUE SHARE OF GLOBAL ALMOND MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, GLOBAL, 2017 - 2029
- Figure 13:
- VOLUME OF CONVENIENCE STORES, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE OF CONVENIENCE STORES, USD, GLOBAL, 2017 - 2029
- Figure 15:
- VOLUME OF ONLINE RETAIL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 16:
- VALUE OF ONLINE RETAIL, USD, GLOBAL, 2017 - 2029
- Figure 17:
- VOLUME OF SPECIALIST RETAILERS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 18:
- VALUE OF SPECIALIST RETAILERS, USD, GLOBAL, 2017 - 2029
- Figure 19:
- VOLUME OF SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE OF SUPERMARKETS AND HYPERMARKETS, USD, GLOBAL, 2017 - 2029
- Figure 21:
- VOLUME OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 22:
- VALUE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, GLOBAL, 2017 - 2029
- Figure 23:
- VOLUME OF ON-TRADE, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 24:
- VALUE OF ON-TRADE, USD, GLOBAL, 2017 - 2029
- Figure 25:
- VOLUME OF GLOBAL ALMOND MILK MARKET BY REGION, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 26:
- VALUE OF GLOBAL ALMOND MILK MARKET BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 27:
- VOLUME SHARE OF GLOBAL ALMOND MILK MARKET, BY REGION , %, GLOBAL, 2017 - 2029
- Figure 28:
- VALUE SHARE OF GLOBAL ALMOND MILK MARKET, BY REGION , %, GLOBAL, 2017 - 2029
- Figure 29:
- VOLUME OF AFRICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 30:
- VALUE OF AFRICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 31:
- VOLUME SHARE OF AFRICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 32:
- VALUE SHARE OF AFRICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 33:
- VOLUME OF AFRICA ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 34:
- VALUE OF AFRICA ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 35:
- VOLUME SHARE OF AFRICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 36:
- VALUE SHARE OF AFRICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 37:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, EGYPT, 2017 - 2029
- Figure 38:
- VALUE OF ALMOND MILK MARKET, USD, EGYPT, 2017 - 2029
- Figure 39:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NIGERIA, 2017 - 2029
- Figure 40:
- VALUE OF ALMOND MILK MARKET, USD, NIGERIA, 2017 - 2029
- Figure 41:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SOUTH AFRICA, 2017 - 2029
- Figure 42:
- VALUE OF ALMOND MILK MARKET, USD, SOUTH AFRICA, 2017 - 2029
- Figure 43:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF AFRICA, 2017 - 2029
- Figure 44:
- VALUE OF ALMOND MILK MARKET, USD, REST OF AFRICA, 2017 - 2029
- Figure 45:
- VOLUME OF ASIA-PACIFIC ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 46:
- VALUE OF ASIA-PACIFIC ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 47:
- VOLUME SHARE OF ASIA-PACIFIC ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 48:
- VALUE SHARE OF ASIA-PACIFIC ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 49:
- VOLUME OF ASIA-PACIFIC ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 50:
- VALUE OF ASIA-PACIFIC ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 51:
- VOLUME SHARE OF ASIA-PACIFIC ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 52:
- VALUE SHARE OF ASIA-PACIFIC ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 53:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 54:
- VALUE OF ALMOND MILK MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 55:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 56:
- VALUE OF ALMOND MILK MARKET, USD, CHINA, 2017 - 2029
- Figure 57:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 58:
- VALUE OF ALMOND MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 59:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 60:
- VALUE OF ALMOND MILK MARKET, USD, INDONESIA, 2017 - 2029
- Figure 61:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 62:
- VALUE OF ALMOND MILK MARKET, USD, JAPAN, 2017 - 2029
- Figure 63:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 64:
- VALUE OF ALMOND MILK MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 65:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 66:
- VALUE OF ALMOND MILK MARKET, USD, NEW ZEALAND, 2017 - 2029
- Figure 67:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
- Figure 68:
- VALUE OF ALMOND MILK MARKET, USD, PAKISTAN, 2017 - 2029
- Figure 69:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 70:
- VALUE OF ALMOND MILK MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 71:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 72:
- VALUE OF ALMOND MILK MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 73:
- VOLUME OF EUROPE ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 74:
- VALUE OF EUROPE ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 75:
- VOLUME SHARE OF EUROPE ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 76:
- VALUE SHARE OF EUROPE ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 77:
- VOLUME OF EUROPE ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 78:
- VALUE OF EUROPE ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 79:
- VOLUME SHARE OF EUROPE ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 80:
- VALUE SHARE OF EUROPE ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 81:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BELGIUM, 2017 - 2029
- Figure 82:
- VALUE OF ALMOND MILK MARKET, USD, BELGIUM, 2017 - 2029
- Figure 83:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, FRANCE, 2017 - 2029
- Figure 84:
- VALUE OF ALMOND MILK MARKET, USD, FRANCE, 2017 - 2029
- Figure 85:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, GERMANY, 2017 - 2029
- Figure 86:
- VALUE OF ALMOND MILK MARKET, USD, GERMANY, 2017 - 2029
- Figure 87:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ITALY, 2017 - 2029
- Figure 88:
- VALUE OF ALMOND MILK MARKET, USD, ITALY, 2017 - 2029
- Figure 89:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, NETHERLANDS, 2017 - 2029
- Figure 90:
- VALUE OF ALMOND MILK MARKET, USD, NETHERLANDS, 2017 - 2029
- Figure 91:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, RUSSIA, 2017 - 2029
- Figure 92:
- VALUE OF ALMOND MILK MARKET, USD, RUSSIA, 2017 - 2029
- Figure 93:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SPAIN, 2017 - 2029
- Figure 94:
- VALUE OF ALMOND MILK MARKET, USD, SPAIN, 2017 - 2029
- Figure 95:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, TURKEY, 2017 - 2029
- Figure 96:
- VALUE OF ALMOND MILK MARKET, USD, TURKEY, 2017 - 2029
- Figure 97:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED KINGDOM, 2017 - 2029
- Figure 98:
- VALUE OF ALMOND MILK MARKET, USD, UNITED KINGDOM, 2017 - 2029
- Figure 99:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF EUROPE, 2017 - 2029
- Figure 100:
- VALUE OF ALMOND MILK MARKET, USD, REST OF EUROPE, 2017 - 2029
- Figure 101:
- VOLUME OF MIDDLE EAST ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 102:
- VALUE OF MIDDLE EAST ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 103:
- VOLUME SHARE OF MIDDLE EAST ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 104:
- VALUE SHARE OF MIDDLE EAST ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 105:
- VOLUME OF MIDDLE EAST ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 106:
- VALUE OF MIDDLE EAST ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 107:
- VOLUME SHARE OF MIDDLE EAST ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 108:
- VALUE SHARE OF MIDDLE EAST ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 109:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BAHRAIN, 2017 - 2029
- Figure 110:
- VALUE OF ALMOND MILK MARKET, USD, BAHRAIN, 2017 - 2029
- Figure 111:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, KUWAIT, 2017 - 2029
- Figure 112:
- VALUE OF ALMOND MILK MARKET, USD, KUWAIT, 2017 - 2029
- Figure 113:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, OMAN, 2017 - 2029
- Figure 114:
- VALUE OF ALMOND MILK MARKET, USD, OMAN, 2017 - 2029
- Figure 115:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SAUDI ARABIA, 2017 - 2029
- Figure 116:
- VALUE OF ALMOND MILK MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 117:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 118:
- VALUE OF ALMOND MILK MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 119:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2017 - 2029
- Figure 120:
- VALUE OF ALMOND MILK MARKET, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 121:
- VOLUME OF NORTH AMERICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 122:
- VALUE OF NORTH AMERICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 123:
- VOLUME SHARE OF NORTH AMERICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 124:
- VALUE SHARE OF NORTH AMERICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 125:
- VOLUME OF NORTH AMERICA ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 126:
- VALUE OF NORTH AMERICA ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 127:
- VOLUME SHARE OF NORTH AMERICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 128:
- VALUE SHARE OF NORTH AMERICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 129:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, CANADA, 2017 - 2029
- Figure 130:
- VALUE OF ALMOND MILK MARKET, USD, CANADA, 2017 - 2029
- Figure 131:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, MEXICO, 2017 - 2029
- Figure 132:
- VALUE OF ALMOND MILK MARKET, USD, MEXICO, 2017 - 2029
- Figure 133:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, UNITED STATES, 2017 - 2029
- Figure 134:
- VALUE OF ALMOND MILK MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 135:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF NORTH AMERICA, 2017 - 2029
- Figure 136:
- VALUE OF ALMOND MILK MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 137:
- VOLUME OF SOUTH AMERICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 138:
- VALUE OF SOUTH AMERICA ALMOND MILK MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 139:
- VOLUME SHARE OF SOUTH AMERICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 140:
- VALUE SHARE OF SOUTH AMERICA ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL , %, GLOBAL, 2017 - 2029
- Figure 141:
- VOLUME OF SOUTH AMERICA ALMOND MILK MARKET BY COUNTRY, METRIC TONNES, GLOBAL, 2017 - 2029
- Figure 142:
- VALUE OF SOUTH AMERICA ALMOND MILK MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 143:
- VOLUME SHARE OF SOUTH AMERICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 144:
- VALUE SHARE OF SOUTH AMERICA ALMOND MILK MARKET, BY COUNTRY , %, GLOBAL, 2017 - 2029
- Figure 145:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
- Figure 146:
- VALUE OF ALMOND MILK MARKET, USD, ARGENTINA, 2017 - 2029
- Figure 147:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
- Figure 148:
- VALUE OF ALMOND MILK MARKET, USD, BRAZIL, 2017 - 2029
- Figure 149:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 150:
- VALUE OF ALMOND MILK MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 151:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2029
- Figure 152:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2029
- Figure 153:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Almond Milk Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- Global off-trade retailing dominated the overall retail space during the review period (2017-2022). In 2022, the major factor associated with the domination of these retailers was consumer satisfaction. Consumers are highly attracted to off-trade retailing due to the greater convenience and comfort offered while purchasing almond milk. Globally, off-trade channels observed a growth of 6.84% from 2021.
- By region, Asia-Pacific had the largest share of 48.73% in the overall off-trade distribution channels. In Asia-Pacific, off-trade channels offer almond milk at varied prices (low, medium, and high). The almond milk sold by these retailing units is available from USD 2.55 to as high as USD 16.4. The availability of almond milk at varied prices also promotes the buying power among consumers as they can purchase the products which suit their affordability parameters.
- On-trade retailers are focusing on providing a variety of almond milk, including different flavors such as unsweetened, chocolate, vanilla, etc. Despite offering different flavors, these retailers cannot provide complete information such as product specifics (ingredient used, seed used, and others) to consumers. Thus, consumers prefer purchasing their almond milk beverages through off-trade modes. In 2022, Europe was considered the fastest-growing region in terms of on-trade channels, with a share of 7.41%.
- Between 2018-2022, among the off-trade mode, specialty stores gained significant demand as they offered higher visibility about the product to consumers. With the growing demand for almond milk, the global off-trade distribution segment is expected to grow by 24.7% in 2025 from 2022.
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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