Almond Market - Forecasts from 2025 to 2030

The global almond market is expected to experience a CAGR of 3.45% throughout the forecast period, reaching a market size of US$13.522 billion by 2030. This represents a substantial increase from US$11.33 billion recorded in 2025.

One major factor propelling the worldwide almond market is the growing recognition of its health advantages, coupled with an escalating demand due to its content of healthy fats, substantial protein, and essential nutrients. Furthermore, the swift pace of urbanization and the increasing disposable income are motivating individuals to incorporate more nutritious nuts into their diets, with almonds standing out as an excellent choice among dried fruits.

Moreover, the escalating consumer demand for almond-derived products within the food and beverage sector is driving the almond market's growth in the anticipated period. For instance, in December 2023, Blue Diamond, a prominent producer and distributor of almonds, unveiled a new addition to its Almond Breeze product line - the Almond Breeze Original Almond and Oat Blend. This dairy-free milk combines almonds and oats, boasting more calcium than traditional dairy milk, fewer calories, and reduced sugar, according to the company. Hence, the introduction of such novel and inventive almond-based products is expected to fuel market expansion in the projected period.

Almond market drivers

Rising adoption of almond milk and increasing almond consumption

A large portion of the population today prefers tasty as well as healthy snack options. This shift in consumer preferences is driving the global almond products market. In recent years, there has been a significant increase in the number of people suffering from allergies to traditional milk and milk products. As a result, this customer base is increasingly preferring milk alternatives such assoy milk, almond milk, andrice milk. This scenario provides the almond manufacturers with a wider option for their produce.

Vegan milk has grown in popularity in recent years as an increasing number of people around the world have adopted veganism. As a result, almond milk is one of the most popular choices for vegans due to its numerous health benefits, including being low in calories, high in vitamin D, and having bone-strengthening properties, among others. Almond milk and other vegan alternatives are also thought to be high in protein.

According to FAO, overall per capita demand for fresh dairy products in Europe and North America is stable to declining, but the composition of demand has shifted in recent years toward dairy fat, such as full-fat drinking milk, and cream. Recent studies that have cast a more positive light on the health benefits of dairy fat consumption may influence consumers. Plant-based dairy substitutes (e.g., soya, almond, rice, and oat drinks) have grown in popularity in many regions, including North America, Europe, and East Asia. Alternatives have expanded beyond the more traditional options, including various nuts, legumes, and other crops. Lactose intolerance to dairy milk is one of the major reasons for the increasing demand for almond milk in the projected period. For instance, according to the National Institute of Diabetes and Digestive and Kidney Diseases, in the United States, about 36% of people have lactose malabsorption.

Additionally, the anticipated surge in almond production is poised to contribute to the expansion of the global almond market in the forecasted period. For example, according to the INC Nuts and Dried Fruit Statistical Yearbook 2022/23, in the crop year 2022/23, almonds constituted 27% of the overall production of dry fruits, surpassing walnuts, cashews, and pistachios which accounted for 22%, 20%, and 14% respectively, among other varieties. This escalating production trend serves as an indicator of the growing demand for almonds.

According to the INC Nuts and Dried Fruits Statistical Yearbook 2022/23, the estimated consumption was highest for almonds in 2021, with 1,570,589 metric tons, and accounted for 31% of the total consumption in 2021. Followed by walnuts, cashews, and pistachios with 977,272 metric tons, 965,490 metric tons, and 786,200 metric tons respectively. Hence, with the rising consumption.

Global almond market geographical outlook

By geography, the global almond market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific.

California's almond crop is growing significantly, and it has the largest tree nut crop globally. Almond is considered an imported crop in the region in terms of both export and domestic purposes, and with the growing adoption of almonds as a dietary solution option, its demand is further increasing. Furthermore, almond farmers need more pollination than any other crop. Therefore, they are also the major source of demand for beekeepers in the country. Since they are required all year round,unavailability of beekeeping or delay in beekeeper delivery increases the overall cost of production and further negatively impacts the production of almonds in the country.

Increasing demand for vegan and organic food in the European region is expected to drive the market for almonds during the forecast period. In addition, the major economies expanding the food and beverage industry coupled with the growing investments by big market players in the region to increase their market share, are anticipated to propel the market growth opportunities. In addition to this, changing consumer preferences and increasing adoption of meat alternatives and substitute products due to the rising vegan population are anticipated to further propel this growth in the coming years.

For instance, according to multiple surveys, the vegan population in the United Kingdom has increased substantially over the past few years, with strong growth still anticipated during the forecast period. Major market players are focusing on almond health positioning and consumer marketing efforts, as well as developing a model and strategy for developing markets such as India and China. Furthermore, the expansion of the e-commerce industry in the United Kingdom is attracting new market players to enter the market with advanced and innovative products, thus increasing competition and further propelling the market growth opportunities for manufacturers and vendors

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Global Almond Market is analyzed into the following segments:

By Application

• Confectionaries
• Bakery Products
• Dairy Products
• Desserts & Sweets
• Breakfast & Cereals
• Others

By Distribution Channel

• Online
• Offline
• Convenience Stores
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific