Almond Drinks

Global Almond Drinks Market to Reach US$5.9 Billion by 2030

The global market for Almond Drinks estimated at US$4.7 Billion in the year 2024, is expected to reach US$5.9 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2024-2030. Unsweetened Almond Drinks, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$3.1 Billion by the end of the analysis period. Growth in the Sweetened Almond Drinks segment is estimated at 2.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 7.1% CAGR

The Almond Drinks market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Global Almond Drinks Market – Key Trends & Drivers Summarized

Why Are Almond Drinks Becoming a Dominant Dairy Alternative?

Almond drinks, commonly referred to as almond milk, have emerged as one of the fastest-growing segments in the plant-based beverage industry. These drinks are made by blending almonds with water and often fortified with vitamins and minerals to enhance their nutritional profile. As consumer demand for dairy-free alternatives continues to rise, almond drinks have gained popularity among individuals with lactose intolerance, vegans, and those seeking healthier lifestyle choices. Unlike conventional dairy, almond drinks are naturally lactose-free, lower in calories, and rich in antioxidants, making them an appealing option for health-conscious consumers.

The increasing awareness of sustainability and environmental concerns has further propelled the shift from dairy to plant-based alternatives. Almond drinks, compared to traditional dairy farming, have a lower carbon footprint and contribute less to greenhouse gas emissions. Additionally, the versatility of almond drinks extends beyond direct consumption, as they are widely used in smoothies, coffee, baking, and cooking applications. The availability of unsweetened, flavored, and protein-enriched almond drink variants has also fueled demand, catering to a broader range of consumer preferences. With the growing preference for plant-based nutrition, almond drinks are poised to continue their expansion as a mainstream dairy substitute.

What Are the Key Trends Shaping the Almond Drinks Market?

The almond drinks market is evolving rapidly, with several emerging trends driving its growth. One of the most notable trends is the rise of fortified and functional almond beverages. Consumers are increasingly seeking plant-based drinks that provide additional health benefits, leading manufacturers to introduce almond drinks enriched with calcium, vitamin D, vitamin B12, and protein to better compete with dairy milk. Some brands are also incorporating functional ingredients such as probiotics, adaptogens, and omega-3 fatty acids to appeal to the growing demand for wellness-focused beverages.

Another major trend is the expansion of almond drink flavors and formulations. While traditional almond milk remains popular, companies are launching innovative flavors like vanilla, chocolate, matcha, and turmeric-infused variants to attract a wider audience. Additionally, the demand for barista-friendly almond drinks has surged, with manufacturers developing creamier and frothier formulations tailored specifically for coffee and tea applications. This trend is particularly prominent in cafés and specialty coffee shops, where almond drinks are increasingly replacing dairy-based options.

Sustainability and ethical sourcing are also playing a significant role in shaping the market. Given concerns about almond farming’s water consumption, several brands are focusing on sustainable sourcing practices, such as using almonds from regions with responsible irrigation methods or upcycling almond byproducts to minimize waste. Additionally, advancements in processing technology, such as cold-pressed extraction and minimal processing techniques, are enhancing the quality and taste of almond drinks while preserving their nutritional integrity.

Which Industries Are Driving the Demand for Almond Drinks?

The demand for almond drinks is being propelled by multiple industries, with the food and beverage sector leading the way. Supermarkets and grocery retailers have expanded their plant-based beverage sections to accommodate the growing preference for almond drinks, making them readily available to mainstream consumers. Additionally, the rise of e-commerce and direct-to-consumer brands has contributed to market expansion, as consumers seek convenient ways to purchase almond drinks online.

The coffee and café industry is another key driver of almond drink demand. Many coffee chains and independent cafés have added almond milk as a dairy-free option for lattes, cappuccinos, and other specialty drinks. The increasing consumer shift toward plant-based coffee beverages has encouraged brands to develop almond drinks with improved texture and creaminess for better performance in coffee applications.

Beyond beverages, the food industry has also incorporated almond drinks into various applications, including cereals, smoothies, baked goods, and desserts. The growing trend of plant-based meal replacements and protein shakes has further increased demand, with almond drinks being used as a base ingredient in many formulations. Additionally, the pharmaceutical and nutraceutical industries have recognized the benefits of almond drinks, particularly for individuals with dairy allergies, and have started incorporating them into nutritional supplements and dietary formulations.

What Is Driving the Growth of the Global Almond Drinks Market?

The growth in the almond drinks market is driven by several factors, including increasing consumer preference for plant-based diets, rising lactose intolerance rates, and ongoing product innovations. One of the key drivers is the growing health consciousness among consumers, who are actively reducing their dairy consumption due to concerns over cholesterol, hormones, and digestive issues. Almond drinks, being naturally dairy-free, cholesterol-free, and low in saturated fats, serve as an ideal alternative for individuals looking to maintain a balanced diet.

Technological advancements in almond processing and beverage formulation have also played a crucial role in market growth. Improved extraction and emulsification techniques have enhanced the texture, taste, and stability of almond drinks, making them more competitive with traditional dairy products. Additionally, the introduction of shelf-stable and long-life almond drinks has expanded their availability, particularly in markets where refrigeration infrastructure is limited.

Another major factor fueling the almond drinks market is the rise of sustainability-driven consumer choices. As environmental awareness grows, more consumers are seeking alternatives to conventional dairy, which is associated with high greenhouse gas emissions and resource consumption. Brands that emphasize eco-friendly packaging, ethical almond sourcing, and reduced water usage in production are gaining a competitive edge. Furthermore, regulatory support for plant-based food products, combined with aggressive marketing efforts by leading brands, is accelerating market adoption. With sustained innovation and expanding distribution networks, the global almond drinks market is expected to witness significant growth in the coming years.

SCOPE OF STUDY:

The report analyzes the Almond Drinks market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Unsweetened Almond Drinks, Sweetened Almond Drinks); Flavor (Chocolate Flavor, Vanilla Flavor, Other Flavors); Distribution Channel (Hypermarkets/Supermarkets, Online Retailers, Department and Grocery Stores, Other Distribution Channels); End-Use (Beverages End-Use, Culinary End-Use, Cereal and Breakfast Foods End-Use, Desserts and Sweets End-Use, Snacks and On-the-Go End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Alpro
• Blue Diamond Growers, Inc.
• Britvic Soft Drinks Limited - Plenish Drinks
• Califia Farms, LLC
• Drink Bruce
• Goodmylk Co.
• MALK Organics
• Nutriops, S.L
• Plant Tap Inc. d/b/a Numilk
• Provamel
• Rude Health
• SunOpta, Inc.- Dream

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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