Almond market seen reaching $39.3B by 2035 as plant-based demand grows

The global almond market is projected to rise from $25.27 billion in 2025 to $39.29 billion by 2035, driven by plant-based nutrition, dairy alternatives and online retail. The forecast points to steady demand across food, beverage and wellness products even as growers face weather, water and supply-chain pressures.

Why it matters: - The almond market is expanding beyond snack sales into plant-based beverages, bakery, confectionery, sports nutrition, functional foods and personal care. - The projected growth signals more opportunities for growers, processors, distributors, retailers and branded food companies across the almond value chain. - Rising demand for convenient, nutritious and versatile ingredients is supporting broader use of almonds in everyday food products.

What happened: - The global almond market was valued at $24,184.27 million in 2024. - The market is projected to reach $25,274.98 million in 2025 and $39,288.85 million by 2035. - The forecast implies a 4.51% compound annual growth rate from 2025 to 2035. - The market assessment covers historical data from 2019 to 2023 and forecasts from 2025 to 2035. - A sample copy of the report is available here.

The details: - Weather swings, water shortages, higher cultivation costs, crop disease and environmental conditions can affect yields and raw-material availability. - Supply-chain disruptions can raise transportation, packaging, storage and inventory costs. - Food-safety compliance remains essential across harvesting, processing, storage and distribution. - International sellers must meet different food-safety standards and regulatory requirements. - Almond-based beverages are gaining share in coffee, smoothies, breakfast foods, desserts, cereals and cooking. - Almonds can be processed into milk, flour, butter, paste, meal and other formats. - Almond ingredients are being used in breakfast foods, cereals, bakery products, trail mixes, energy bars, snack mixes, spreads and functional foods. - Almond oil and other almond-derived ingredients also have uses in selected personal care and cosmetic products. - Conventional almonds still make up a substantial share of consumption, while premium, organic, specialty and value-added products are gaining attention in some markets.

Between the lines: - The biggest demand driver is the shift toward plant-based eating, especially among consumers seeking foods viewed as natural, nutritious and compatible with vegetarian or flexitarian diets. - Online retail is reshaping distribution by giving brands a way to sell specialty almond products and reach shoppers beyond traditional grocery channels. - Product innovation is becoming a key battleground as manufacturers mix almonds with grains, seeds, fruits, chocolate and other ingredients to widen appeal. - Companies with strong supply-chain management and processing capabilities are better positioned to handle volatility and maintain product availability. - The report's company list includes Blue Diamond Growers, Treehouse California Almonds LLC, Barry Callebaut, Royal Nut Company, Olam Group Limited, Harris Woolf Almonds, Almondco Australia, Borges Agricultural & Industrial Nuts, Select Harvest Limited and Mariani Nut Company.

What's next: - Manufacturers are expected to focus on product differentiation, functional nutrition, convenience, premium positioning and digital distribution. - Investment in processing technology and supply-chain capabilities may support more value-added almond products. - Demand is likely to keep building across dairy alternatives, sports nutrition, e-commerce and packaged snacks. - Sustainability, resource management, pricing volatility and shifting consumer expectations will remain major tests for the industry. - Chocolate-coated almonds and similar snack formats are emerging as a 2026 product trend and could help expand premium offerings.

The bottom line: - Almonds are moving deeper into mainstream food and wellness categories, and the market's next phase will likely be shaped by plant-based demand, online sales and product innovation.