Almond Market Size to Reach USD 12.33 Billion by 2031, Driven by Plant-Based Foods Demand and Orchard Mechanization

Almond Market Overview and Introduction

The global almond market is positioned for steady expansion as almonds strengthen their role across plant-based foods, premium ingredients, and global snack consumption. According to Mordor Intelligence, the almond market size is valued at USD 8.71 billion in 2026 and is projected to reach USD 12.33 billion by 2031, growing at a CAGR of 7.20% during the forecast period.

This almond market growth is supported by rising adoption of plant-based dairy alternatives, increasing orchard mechanization, and advances in resilient breeding programs that reinforce almonds as a core plant protein source. Demand from Asia’s expanding middle class, premium ingredient usage in Europe, and vertically integrated processing infrastructure in California continue to support price realization and global supply stability.

Investments in precision irrigation, improved rootstocks, and carbon credit programs are helping mitigate water-related risks and strengthen long-term asset confidence. At the same time, processor consolidation is enabling compliance with stricter import and food safety standards despite ongoing cost pressures, shaping the evolving almond market forecast.

Key Almond Market Trends

Several structural trends are influencing the almond market share and long-term industry outlook:

• Rising use of almonds in plant-based milk, yogurt alternatives, and vegan confectionery
• Increased orchard mechanization reduces labor dependency and improves water efficiency
• Growing almond imports across Asia-Pacific, driven by urban snack consumption and premium positioning
• Expansion of steam sterilization and processing capacity to meet stricter food safety requirements
• Greater focus on sustainability programs and responsible sourcing, supporting buyer confidence

Discover how market shifts are impacting your region—check out the full report and the Japanese version for local relevance: https://www.mordorintelligence.com/ja/industry-reports/almond-market?utm_source=Industrytoday

Almond Market Segmentation Overview

By Geography

• North America
• Europe
• Asia-Pacific
• South America
• Others

Report Coverage Includes

• Production Analysis (Volume)
• Consumption Analysis (Value and Volume)
• Export Analysis (Value and Volume)
• Import Analysis (Value and Volume)
• Wholesale Price Trend Analysis
• End-Use Applications and Industries

Primary and Emerging Applications

The almond market serves a wide range of industries, including snacks, bakery, dairy alternatives, confectionery, and ingredient manufacturing. Emerging applications in plant-based nutrition, functional foods, and premium formulations are further supporting almond market growth across developed and emerging economies.

Dominating Country and Regional Landscape

North America accounts for a significant almond market share, supported primarily by California’s production base and bearing acreage outlook. Vertically integrated cooperatives export almonds to a wide range of international markets, leveraging dedicated logistics and shipping programs.

Canada relies heavily on almond imports to meet snack and foodservice demand due to climatic constraints that limit domestic cultivation. Regulatory changes, including groundwater compliance and preventive control requirements, have increased operational costs while improving supply-chain transparency. Concurrently, investments in deficit irrigation and micro-sprinkler systems highlight regional adaptation efforts aimed at sustaining almond production and reinforcing long-term almond market growth.

Almond Market Forecast and Outlook

The almond market forecast reflects a stable and resilient outlook through 2031. Rather than being driven by short-term cycles, market expansion is shaped by practical farming practices, consistent global trade flows, and evolving consumer preferences toward plant-based and natural ingredients.

Overall, the almond industry remains a well-established segment within the global nut and ingredient landscape, positioned for steady expansion supported by operational efficiency, sustainability initiatives, and diversified end-use demand.

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