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Press Release:

Global Almond Milk Market to Reach US$ 17.9 Billion by 2027, Impelled by Rising Adoption of Veganism

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
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Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global almond milk market reached a value of US$ 7.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2027, exhibiting a CAGR of 15.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, category, packaging type, application and distribution channel.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Category, Packaging Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Almond Milk Market: Breakup by Type (in %), 2021
Figure 4: Global: Almond Milk Market: Breakup by Category (in %), 2021
Figure 5: Global: Almond Milk Market: Breakup by Packaging Type (in %), 2021
Figure 6: Global: Almond Milk Market: Breakup by Application (in %), 2021
Figure 7: Global: Almond Milk Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Almond Milk Market: Breakup by Region (in %), 2021
Figure 9: Global: Almond Milk Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Almond Milk (Plain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Almond Milk (Plain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Almond Milk (Flavored) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Almond Milk (Flavored) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Almond Milk (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Almond Milk (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Almond Milk (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Almond Milk (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Almond Milk (Carton) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Almond Milk (Carton) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Almond Milk (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Almond Milk (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Almond Milk (Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Almond Milk (Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Almond Milk (Frozen Desserts) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Almond Milk (Frozen Desserts) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Almond Milk (Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Almond Milk (Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Almond Milk (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Almond Milk (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Almond Milk (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Almond Milk (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Almond Milk (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Almond Milk (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia Pacific: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia Pacific: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Almond Milk Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Almond Milk Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Almond Milk Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Almond Milk Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 4: Global: Almond Milk Market Forecast: Breakup by Packaging Type (in Million US$), 2022-2027
Table 5: Global: Almond Milk Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Almond Milk Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Almond Milk Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Almond Milk Market: Competitive Structure
Table 9: Global: Almond Milk Market: Key Players


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Key Questions Answered in This Report

The global almond milk market was valued at US$ 7.7 Billion in 2021.

We expect the global almond milk market to exhibit a CAGR of 15.2% during 2022-2027.

The expanding lactose intolerant population, the emerging adoption of veganism, and various health
benefits of almond milk over conventional counterparts are primarily driving the global almond milk
market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
almond milk and almond milk-based products.

Based on the type, the global almond milk market can be segmented into plain and flavored. Currently,
flavored holds the majority of the total market share.

Based on the category, the global almond milk market has been divided into organic and conventional,
where organic currently exhibits a clear dominance in the market.

Based on the packaging type, the global almond milk market can be categorized into carton, glass, and
others. Currently, glass accounts for the majority of the global market share.

Based on the application, the global almond milk market has been segregated into beverages, frozen
desserts, personal care, and others. Among these, beverages currently hold the largest market share.

Based on the distribution channel, the global almond milk market can be bifurcated into hypermarkets
and supermarkets, convenience stores, online stores, and others. Currently, hypermarkets and
supermarkets exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global almond milk market include 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., The WhiteWave Foods
Company, etc.

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