Global Almond Market Size, Share, Opportunities, And Trends By Application (Confectionaries, Bakery Products, Dairy Products, Desserts & Sweets, Breakfast Cereals, Others), By Distribution Channel (Online, Offline (Convenience Stores, Others)), And By Geography - Forecasts From 2025 To 2030

The global almond market is expected to experience a CAGR of 5.83% throughout the forecast period, reaching a market size of US$11,483.072 million by 2030. This represents a substantial increase from US$8,649.748 million 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.

What are the drivers of the Global Almond Market?

•  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 as soy milk, almond milk, and rice 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 15,70,589 metric tons, and accounted for 31% of the total consumption in 2021. Followed by walnuts, cashews, and pistachios with 9,77,272 metric tons, 9,65,490 metric tons, and 7,86,200 metric tons respectively. Hence, with the rising consumption.

• Growing demand in developing and underdeveloped economies

The rise in standards of living has led to an increase in consumer spending in some developing economies, such as India and China. Moreover, an increase in the working population ratio and rapid industrialization and urbanization have further increased the demand for well-preserved foods. This has thus created a huge opportunity for almonds.

Furthermore, similar countries have also seen an increase in the number of supermarkets and retail stores and an increase in the trend of buying well-preserved foods. According to the USDA Foreign Agricultural Service's Food and Grocery Product Opportunities Stemming from Internal Sector Shift, modern formats such as supermarkets and hypermarkets are growing at a 15% annual rate in India. 

In addition to this, the widening of the retail chain and growing globalization has resulted in an increase in the demand for food products that have longer shelf lives and can be preserved without the requirement of any special storage, which would thus result in an increase in the demand for almonds in these kinds of economies.

What are the key geographical trends shaping the Global Almond Market?

• 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

Global Almond Market Challenges:

• There are multiple substitutes available that offer similar functionality to almonds and will pose a restraint to the demand for almonds. Alternatives in the form of raisins, apricots, and cashews, among others, are used and are gaining popularity in the coming years.

Key developments in the Global Almond Market:

The market leaders for the Global Almond Market are Wonderful Pistachios & Almonds LLC, South Valley Farms, Harris Family Enterprises, Western Nut Company, BAPU Almonds, Chico Nut Company, TREEHOUSE ALMONDS, RPAC, LLC, Justin's, and Valley Harvest Nut Co., Inc. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,

• In October 2024, Blue Diamond announced the launch of a new seasonal flavor Blue Diamond Frosted Brownie Almonds.
• In April 2024, Blue Diamond Growers announced its new Almond Breeze partner, Kagome Co., Ltd. for all production and distribution in Japan. This partnership would accelerate market growth for Almond Breeze. New products through Kagome were launched in September 2024.
• In April 2022, Three new food business brands—Simple Mills, Cappello's, and Daily Harvest—entered into joint partnerships to develop a sustainable almond farming 'the almond project'. This multi-year project is a farmer-led initiative to adopt and assess regenerative soil practices on California almond farms.
• In March 2022, Crosstown collaborated with Pip & Nut, a nut butter expert, to create two vegan limited-edition offerings: Almond Butter Cinnamon Scroll doughnut and Cinnamon Scroll Almond Butter.  Hundreds of tasty treats from Crosstown's Soho, Shoreditch, Victoria, and Cambridge stores were given free to celebrate on the launch day.

Global Almond Market Scope:

Report Metric	Details
Almond Market Size in 2025	US$8,649.748 million
Almond Market Size in 2030	US$11,483.072 million
Growth Rate	CAGR of 5.83%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Application Distribution Channel Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Almond Market	BAPU Almonds Chico Nut Company TREEHOUSE ALMONDS RPAC, LLC Justin's
Customization Scope	Free report customization with purchase

 

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
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Chile
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Middle East and Africa
    • South Africa
    • Kenya
    • UAE
    • Saudi Arabia
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • Vietnam
    • South Korea
    • Rest of Asia-Pacific

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4.  Industry Value Chain Analysis

5. GLOBAL ALMOND MARKET BY APPLICATION 

5.1. Introduction

5.2. Confectionaries

5.3. Bakery Products

5.4. Dairy Products

5.5. Desserts & Sweets

5.6. Breakfast & Cereals

5.7. Others

6. GLOBAL ALMOND MARKET BY DISTRIBUTION CHANNEL

6.1. Introduction

6.2. Online

6.3. Offline

6.3.1. Convenience Stores

6.3.2. Others

7. GLOBAL ALMOND MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. By Application

7.2.2. By Distribution Channel

7.2.3. By Country

7.2.3.1. United States

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Application

7.3.2. By Distribution Channel

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Colombia

7.3.3.4. Chile

7.3.3.5. Rest of South America

7.4. Europe

7.4.1. By Application

7.4.2. By Distribution Channel

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Italy

7.4.3.5. Spain

7.4.3.6. Netherlands

7.4.3.7. Rest of Europe

7.5. Middle East and Africa

7.5.1. By Application

7.5.2. By Distribution Channel

7.5.3. By Country

7.5.3.1. South Africa

7.5.3.2. Kenya

7.5.3.3. UAE

7.5.3.4. Saudi Arabia

7.5.3.5. Rest of Middle East and Africa

7.6. Asia-Pacific

7.6.1. By Application

7.6.2. By Distribution Channel

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. India

7.6.3.4. Australia

7.6.3.5. Indonesia

7.6.3.6. Vietnam

7.6.3.7. South Korea

7.6.3.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1.  Wonderful Pistachios & Almonds LLC

9.2. South Valley Farms

9.3. Harris Family Enterprises

9.4. Western Nut Company

9.5. BAPU Almonds

9.6. Chico Nut Company

9.7. TREEHOUSE ALMONDS

9.8. RPAC, LLC

9.9. Justin's

9.10. Valley Harvest Nut Co., Inc

Wonderful Pistachios & Almonds LLC

South Valley Farms

Harris Family Enterprises

Western Nut Company

BAPU Almonds

Chico Nut Company

TREEHOUSE ALMONDS

RPAC, LLC

Justin's

Valley Harvest Nut Co., Inc