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Almond Drink Market Size

Report ID: GMI1838
Published Date: Aug 2023
Report Format: PDF

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Almond Drink Market Size

Almond Drink Market size was valued at USD 4.4 billion in 2022 and is estimated to witness 5.3% CAGR from 2023 to 2032. The increasing adoption of plant-based diets and the rise of veganism have led consumers to seek dairy alternatives like almond milk due to ethical, environmental, and health reasons. Almond milk serves as an excellent option for individuals who are lactose intolerant or have dairy allergies, allowing them to enjoy a milk-like beverage without discomfort.

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Almond milk is perceived as a healthier alternative to dairy milk, as it is typically lower in calories and saturated fats. It also naturally contains vitamins and minerals such as vitamin E and calcium.

Almond Drink Market Report Attributes
Report Attribute	Details
Base Year:	2022
Almond Drink Market Size in 2022:	USD 4.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.3%
2032 Value Projection:	USD 7.5 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	246
Segments covered:	Type, Flavor, End-use, Distribution Channel, Region
Growth Drivers:	Growing food and beverages industry Rising vegan population Increasing consumer awareness on health benefits
Pitfalls & Challenges:	Allergen Concerns Environmental Impact Packaging and Waste

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Despite being a dairy alternative, almond milk can pose challenges for individuals with nut allergies. The almond industry has faced criticism for its water-intensive cultivation practices, particularly in regions with water scarcity. Like many packaged products, almond milk contributes to plastic waste due to its packaging.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of almond drink reached USD 4.4 billion in 2022 and is set to surpass USD 7.5 billion by the end of 2032, says this GMI report.

Beverages segment share is expected to observe 5.1% CAGR through 2032, as almond drinks serve as a popular dairy milk substitute in coffee, tea, and other beverages for individuals with lactose intolerance or dairy allergies.

U.S. market share was USD 1.1 billion in 2022, owing to the growing popularity of plant-based diets, driven by health and sustainability concerns, fuels demand for almond drinks as a dairy milk alternative.

Califia Farms LLC, Silk, Blue Diamond Growers, Pacific Foods, Elmhurst 1925, So Delicious Dairy Free, Alpro, Forager Project, MALK Organics, Rude Health, Dream Plant-Based Beverages, Three Trees, New Barn Organics, Mooala Brands, Nutty Life.