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Almond Milk Market To Size Reach $17.2 Billion by 2033

Almond Milk Market To Reach Size $17.2 Billion by 2033

September 2026 | Report Format: Electronic (PDF)

Almond Milk Market Growth & Trends

The global almond milk market size is expected to reach USD 17.2 billion by 2033, registering a CAGR of 12.9% from 2026 to 2033, according to a new report by Grand View Research, Inc. Changing consumer lifestyle and rising health awareness about diabetes and obesity are the key factors driving the market.

Almond milk is a plant-based product, which serves as an alternative to animal milk. Consumers are shifting their focus towards adopting such dairy alternatives due to growing vegan population globally. This product has emerged as a booming segment in the market apart from soy milk. It is used as a main ingredient for preparing food such as frozen desserts and beverages like milkshakes.

Increasing use of organic ingredients such as almond milk in personal care products is boosting the growth of the market. This plant based product is rich in fatty acids such as omega-3 and also a great source of vitamin E, which is crucial in keeping the skin hydrated and fed. Companies such as Bodyshop, P&G, and Unilever use this liquid as their main ingredient to formulate hair care and skin care products for their global consumers.

Inflated demand for almond milk, particularly in the beverage segment, can be attributed to rising cases of lactose intolerance among the consumers of Europe, thus driving the market in the region. For instance, companies like Oatly and Califia Farms have introduced flavored almond beverage as a substitute for dairy beverages, which is soy-free, gluten free, vegan, and does not curdle when mixed with tea. Along with its major applications, this product is also used in the bakery, brewery, and chocolate industries. For instance, Baileys launched Almande Irish Cream Liqueur for its vegan consumers made from this plant milk.

Asia Pacific occupies the largest share in the global market due to high demand from the lactose intolerant population of China and other countries in East Asia. The market in Asia Pacific is anticipated to expand at a CAGR of 15.0% from 2019 to 2025 due to rising disposable income and growing consumer preferences for the product.

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Almond Milk Market Report Highlights

Based on product, the plain segment led the market with the largest revenue share of 57.3% in 2025, supported by its versatility as an ingredient in everyday food and beverage applications.
Based on nature, the conventional segment led the market with the largest revenue share of 86.3% in 2025. The conventional segment is supported by its wider availability and affordability across mainstream retail channels.
Based on packaging, the cartons segment led the market with the largest revenue share of 53.1% in 2025. The cartons segment is driven by its convenience, lightweight structure, and suitability for large-scale retail distribution.
Based on distribution channel, the retail channels segment led the market with the largest revenue share of 64.8% in 2025, driven by the increasing presence of almond milk across supermarkets, convenience stores, and specialty food outlets.
The North America almond milk market held the largest revenue share of 32.7% in 2025, driven by strong consumer acceptance of alternative beverage products. Increasing demand for innovative dairy substitutes in households is supporting market expansion.