Global Almond Milk Market – Industry Trends and Forecast to 2029

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Global Almond Milk Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Author : Pawan Gusain

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Global Almond Milk Market, By Category (Conventional, Organic), Type (Original Almond Milk, Vanilla Almond Milk, Non-Dairy Almond Milk), Formulation (Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened), Packaging Type (Bottles, Cans, Cartons), Application (Beverages, Frozen Desserts, Personal Care, Others), Packaging Type (Bottles, Cans, Cartons), Distribution Channel (Store-Based, Non-Store-Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.

Almond Milk Market

Market Analysis and Insights of Almond Milk Market

The almond milk market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the almond milk market to exhibit a CAGR of 14.0% for the forecast period of 2022-2029.

Almond milk is a basically a plant milk that is produced from almonds and is made by blending almonds and mixes it with water and then strain the mixture to remove solid content. It generally provides a creamy texture and nutty flavour as it is a nutritious milk with many health benefits and rich in calcium and vitamins.

The factors such as the increasing awareness regarding good health and low cholesterol product among vegan consumers, rising number of patients suffering from lactose intolerance and the surging demand of low calorie nutritious milk are the major factors fostering the growth of the almond milk market. Additionally, the rising inclination towards plant based products are other important factors acting as almond milk market growth determinants. Moreover, the increasing demand of flavored almond milk are estimated to accelerate the overall growth of the market. However, the rising cost of almonds is supposed to hamper the market’s growth. Moreover, the dearth of awareness about the health benefit of the almond milk among population might hinder overall growth of the market.

The rising need of almond milk in confectionery and bakery products coupled with the surge in demand for organic snacks will further generate various profitable opportunities for the almond milk market. However, the contamination of almond milk by aflatoxin might also pose as a major challenge for the market growth rate as it disrupted the production and supply within the market.

This almond milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on almond milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Almond Milk Market Scope and Market Size

The almond milk market is segmented on the basis of category, type, formulation, application, packaging type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of category, the almond milk market is segmented into organic and conventional.
  • On the basis of type, the almond milk market is segmented into original almond milk, vanilla almond milk and non-dairy almond milk.
  • On the basis of the formulation, the almond milk market is segmented into plain sweetened, plain unsweetened, flavoured sweetened and flavoured unsweetened.
  • The almond milk market is also segmented on the basis of application. The application is segmented into beverages, frozen desserts, personal care and others.
  • Based on packaging type, the almond milk is segmented into bottles, cans and cartons.
  • On the basis of distribution channel, the almond milk is segmented into store-based and non-store-based. Store based has been further segmented into hypermarkets & supermarkets, convenience stores and others.

Almond Milk Market Country Level Analysis

The almond milk market is analyses and market size, volume information is provided by category, type, formulation, application, packaging type and distribution channel as referenced above.

The countries covered in the almond milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America region dominates the almond milk market and will continue to flourish its trend of dominance during the forecast period owing to the increasing number of people suffering from lactose intolerance are shifting their preferences towards almond milk within the region. Asia-Pacific, on the other hand is expected to show lucrative growth due to growing demand of almonds by manufacturers of almond milk and evolution of dairy alternative technology in the region.

The country section of the almond milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Almond Milk Market Share Analysis

The almond milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to almond milk market.

Some of the major players operating in the almond milk market report are Daiya Foods Inc., Danone North America Public Benefit Corporation, SunOpta, Blue Diamond Growers, Tofutti Brands, Inc., Califia Farms LLC., Earth’s Own, Hiland Dairy, Ecomil, PACIFIC FOODS OF OREGON, LLC., Pure Harvest Smart Farms, Ltd., MALK ORGANICS., Galaxy Nutritional Foods, Inc., Natura Foods, Elmhurst Milked Direct LLC, Rude Health, Orgain, Inc., New Barn Organics, Alpro, and Sanitarium among others.


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF GLOBAL ALMOND MILK MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATION

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 KEY TAKEAWAYS

2.2 ARRIVING AT THE GLOBAL ALMOND MILK MARKETSIZE

2.2.1 VENDOR POSITIONING GRID

2.2.2 TECHNOLOGY LIFE LINE CURVE

2.2.3 MARKET GUIDE

2.2.4 COMPANY POSITIONING GRID

2.2.5 COMAPANY MARKET SHARE ANALYSIS

2.2.6 MULTIVARIATE MODELLING

2.2.7 DEMAND AND SUPPLY-SIDE VARIABLES

2.2.8 TOP TO BOTTOM ANALYSIS

2.2.9 STANDARDS OF MEASUREMENT

2.2.10 VENDOR SHARE ANALYSIS

2.2.11 DATA POINTS FROM KEY PRIMARY INTERVIEWS

2.2.12 DATA POINTS FROM KEY SECONDARY DATABASES

2.3 GLOBAL ALMOND MILK MARKET: RESEARCH SNAPSHOT

2.4 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 CHALLENGES

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

5.1 SUPPLY CHAIN ANALYSIS

5.2 FACTORS INFLUENCING PURCHASING DECISION

5.3 INDUTRY TRENDS AND FUTURE PERSPECTIVES

5.4 SHOPPING BEHAVIOUR AND DYNAMICS

5.4.1 RECOMMENDATION FROM FAMILY & FRIENDS

5.4.2 RESEARCH

5.4.3 IMPULSIVE

5.4.4 ADVERTISEMENT

5.4.4.1. TTELEVISION ADVERTISEMENT

5.4.4.2. OONLINE ADVERTISEMENT

5.4.4.3. IIN-STORE ADVERTISEMENT

5.4.4.4. OOUTDOOR ADVERTISEMENT

5.5 PRIVATE LABEL VS BRAND ANALYSIS

5.6 PROMOTIONAL ACTIVITIES

5.7 CONSUMER DISPOSABLE INCOME DYNAMICS/SPEND DYNAMICS

5.8 NEW PRODUCT LAUNCH STRATEGY

5.8.1 NUMBER OF NEW PRODUCT LAUNCH

5.8.1.1. LLINE EXTENSTION

5.8.1.2. NNEW PACKAGING

5.8.1.3. RRE-LAUNCHED

5.8.1.4. NNEW FORMULATION

5.9 CONSUMER LEVEL TRENDS

5.1 MEETING CONSUMER REQUIREMENT

5.11 BRAND COMAPARATIVE ANALYSIS

6 REGULATIONS, CERTIFICATION AND LABELLING CLAIMS

7 GLOBAL ALMOND MILK MARKET, BY PRODUCT TYPE

7.1 OVERVIEW

7.2 REFRIGERATED MILK

7.3 SHELF STABLE MILK

8 GLOBAL ALMOND MILK MARKET, BY CATEGORY

8.1 OVERVIEW

8.2 ORGANIC

8.3 CONVENTIONAL

9 GLOBAL ALMOND MILK MARKET, BY FORMULATION

9.1 OVERVIEW

9.2 SWEETENED

9.3 UNSWEETENED

10 GLOBAL ALMOND MILK MARKET, BY FLAVOR

10.1 OVERVIEW

10.2 ORIGINAL/UNFLAVORED

10.3 FLAVORED

10.3.1 FLAVORED, BY TYPE

10.3.1.1. VANILLA

10.3.1.2. CHOCOLATE

10.3.1.3. HONEY

10.3.1.4. COCONUT BLEND

10.3.1.5. HAZELNUT BLEND

10.3.1.6. CARAMEL

10.3.1.7. MAPLE

10.3.1.8. COFFEE

10.3.1.9. OTHERS

11 GLOBAL ALMOND MILK MARKET, BY FORTIFICATION

11.1 OVERVIEW

11.2 REGULAR

11.3 FORTIFIED

12 GLOBAL ALMOND MILK MARKET, BY NATURE

12.1 OVERVIEW

12.2 GMO

12.3 NON-GMO

13 GLOBAL ALMOND MILK MARKET, BY CLAIM

13.1 OVERVIEW

13.2 GLUTEN FREE

13.3 NUT FREE

13.4 SOY FREE

13.5 ARTIFICIAL PRESERAVTIVES & COLOR FREE

13.6 WITH ALL ABOVE CLAIMS

13.7 NO CLAIMS/REGULAR

13.8 OTHERS

14 GLOBAL ALMOND MILK MARKET, BY PACKAGING SIZE

14.1 OVERVIEW

14.2 LESS THAN 100 ML

14.3 110 ML

14.4 250 ML

14.5 500 ML

14.6 1000 ML

14.7 MORE THAN 1000 ML

15 GLOBAL ALMOND MILK MARKET, BY END USERS

15.1 OVERVIEW

15.2 HOUSEHOLD/RETAIL

15.3 FOOD SERVICE INDUSTRY

16 GLOBAL ALMOND MILK MARKET, BY PACKAGING TYPE

16.1 OVERVIEW

16.2 TETRA PACKS

16.3 BOTTLES

16.3.1 GLASS

16.3.2 T PLASTICS

16.3.3 OTHERS

16.4 CAN

17 GLOBAL ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL

17.1 OVERVIEW

17.2 STORE BASED RETAILERS

17.2.1 SUPERMARKETS/HYPERMARKETS

17.2.2 GROCERY STORES

17.2.3 CONVENIENCE STORES

17.2.4 SPECIALITY STORES

17.2.5 OTHERS

17.3 NON-STORE RETAILERS

17.3.1 ONLINE RETAILERS

17.3.2 COMPANY WEBSITES

17.3.3 VENDING

18 GLOBAL ALMOND MILK MARKET, COMPANY LANDSCAPE

18.1 COMPANY SHARE ANALYSIS: GLOBAL

18.2 COMPANY SHARE ANALYSIS: NORTH AMERICA

18.3 COMPANY SHARE ANALYSIS: EUROPE

18.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC

18.5 MERGERS & ACQUISITIONS

18.6 NEW PRODUCT DEVELOPMENT & APPROVALS

18.7 EXPANSIONS & PARTNERSHIP

18.8 REGULATORY CHANGES

19 GLOBAL ALMOND MILK MARKET, BY GEOGRAPHY

OVERVIEW (ALL SEGMENTATION PROVIDED ABOVE IS REPRESNTED IN THIS CHAPTER BY COUNTRY)

19.1 NORTH AMERICA

19.1.1 U.S.

19.1.2 CANADA

19.1.3 MEXICO

19.2 EUROPE

19.2.1 GERMANY

19.2.2 U.K.

19.2.3 ITALY

19.2.4 FRANCE

19.2.5 SPAIN

19.2.6 SWITZERLAND

19.2.7 NETHERLANDS

19.2.8 BELGIUM

19.2.9 RUSSIA

19.2.10 TURKEY

19.2.11 REST OF EUROPE

19.3 ASIA-PACIFIC

19.3.1 JAPAN

19.3.2 CHINA

19.3.3 SOUTH KOREA

19.3.4 INDIA

19.3.5 AUSTRALIA

19.3.6 SINGAPORE

19.3.7 THAILAND

19.3.8 INDONESIA

19.3.9 MALAYSIA

19.3.10 PHILIPPINES

19.3.11 REST OF ASIA-PACIFIC

19.4 SOUTH AMERICA

19.4.1 BRAZIL

19.4.2 ARGENTINA

19.4.3 REST OF SOUTH AMERICA

19.5 MIDDLE EAST AND AFRICA

19.5.1 SOUTH AFRICA

19.5.2 UAE

19.5.3 SAUDI ARABIA

19.5.4 KUWAIT

19.5.5 REST OF MIDDLE EAST AND AFRICA

20 GLOBAL ALMOND MILK MARKET, SWOT & DBMR ANALYSIS

21 GLOBAL ALMOND MILK MARKET, COMPANY PROFILE

21.1 DANONE

21.1.1 COMPANY OVERVIEW

21.1.2 REVENUE ANALYSIS

21.1.3 GEOGRAPHICAL PRESENCE

21.1.4 PRODUCT PORTFOLIO

21.1.5 RECENT DEVELOPMENTS

22 SANITARIUM HEALTH FOOD COMPANY

22.1.1 COMPANY OVERVIEW

22.1.2 REVENUE ANALYSIS

22.1.3 GEOGRAPHICAL PRESENCE

22.1.4 PRODUCT PORTFOLIO

22.1.5 RECENT DEVELOPMENTS

22.2 ALPRO

22.2.1 COMPANY OVERVIEW

22.2.2 REVENUE ANALYSIS

22.2.3 GEOGRAPHICAL PRESENCE

22.2.4 PRODUCT PORTFOLIO

22.2.5 RECENT DEVELOPMENTS

22.3 RUDE HEALTH

22.3.1 COMPANY OVERVIEW

22.3.2 REVENUE ANALYSIS

22.3.3 GEOGRAPHICAL PRESENCE

22.3.4 PRODUCT PORTFOLIO

22.3.5 RECENT DEVELOPMENTS

22.4 PLENISH

22.4.1 COMPANY OVERVIEW

22.4.2 REVENUE ANALYSIS

22.4.3 GEOGRAPHICAL PRESENCE

22.4.4 PRODUCT PORTFOLIO

22.4.5 RECENT DEVELOPMENTS

22.5 PROVAMEL

22.5.1 COMPANY OVERVIEW

22.5.2 REVENUE ANALYSIS

22.5.3 GEOGRAPHICAL PRESENCE

22.5.4 PRODUCT PORTFOLIO

22.5.5 RECENT DEVELOPMENTS

22.6 HAIN CELESTIAL

22.6.1 COMPANY OVERVIEW

22.6.2 REVENUE ANALYSIS

22.6.3 GEOGRAPHICAL PRESENCE

22.6.4 PRODUCT PORTFOLIO

22.6.5 RECENT DEVELOPMENTS

22.7 DREAM

22.7.1 COMPANY OVERVIEW

22.7.2 REVENUE ANALYSIS

22.7.3 GEOGRAPHICAL PRESENCE

22.7.4 PRODUCT PORTFOLIO

22.7.5 RECENT DEVELOPMENTS

22.8 MORRISONS

22.8.1 COMPANY OVERVIEW

22.8.2 REVENUE ANALYSIS

22.8.3 GEOGRAPHICAL PRESENCE

22.8.4 PRODUCT PORTFOLIO

22.8.5 RECENT DEVELOPMENTS

22.9 ASDA

22.9.1 COMPANY OVERVIEW

22.9.2 REVENUE ANALYSIS

22.9.3 GEOGRAPHICAL PRESENCE

22.9.4 PRODUCT PORTFOLIO

22.9.5 RECENT DEVELOPMENTS

22.1 WAITROSE & PARTNERS

22.10.1 COMPANY OVERVIEW

22.10.2 REVENUE ANALYSIS

22.10.3 GEOGRAPHICAL PRESENCE

22.10.4 PRODUCT PORTFOLIO

22.10.5 RECENT DEVELOPMENTS

22.11 VALSOIA S.P.A.

22.11.1 COMPANY OVERVIEW

22.11.2 REVENUE ANALYSIS

22.11.3 GEOGRAPHICAL PRESENCE

22.11.4 PRODUCT PORTFOLIO

22.11.5 RECENT DEVELOPMENTS

22.12 SIMPLE FOODS CO., LTD.

22.12.1 COMPANY OVERVIEW

22.12.2 REVENUE ANALYSIS

22.12.3 GEOGRAPHICAL PRESENCE

22.12.4 PRODUCT PORTFOLIO

22.12.5 RECENT DEVELOPMENTS

22.13 YEO'S

22.13.1 COMPANY OVERVIEW

22.13.2 REVENUE ANALYSIS

22.13.3 GEOGRAPHICAL PRESENCE

22.13.4 PRODUCT PORTFOLIO

22.13.5 RECENT DEVELOPMENTS

22.14 NATURA

22.14.1 COMPANY OVERVIEW

22.14.2 REVENUE ANALYSIS

22.14.3 GEOGRAPHICAL PRESENCE

22.14.4 PRODUCT PORTFOLIO

22.14.5 RECENT DEVELOPMENTS

22.15 LACTAPLANT-BASED

22.15.1 COMPANY OVERVIEW

22.15.2 REVENUE ANALYSIS

22.15.3 GEOGRAPHICAL PRESENCE

22.15.4 PRODUCT PORTFOLIO

22.15.5 RECENT DEVELOPMENTS

22.16 AUSTRALIA'S OWN

22.16.1 COMPANY OVERVIEW

22.16.2 REVENUE ANALYSIS

22.16.3 GEOGRAPHICAL PRESENCE

22.16.4 PRODUCT PORTFOLIO

22.16.5 RECENT DEVELOPMENTS

22.17 SANITARIUM HEALTHFOOD COMPANY

22.17.1 COMPANY OVERVIEW

22.17.2 REVENUE ANALYSIS

22.17.3 GEOGRAPHICAL PRESENCE

22.17.4 PRODUCT PORTFOLIO

22.17.5 RECENT DEVELOPMENTS

22.18 THE HERSHEY COMPANY

22.18.1 COMPANY OVERVIEW

22.18.2 REVENUE ANALYSIS

22.18.3 GEOGRAPHICAL PRESENCE

22.18.4 PRODUCT PORTFOLIO

22.18.5 RECENT DEVELOPMENTS

22.19 LIFE HEALTH FOODS INDIA PRIVATE LIMITED.

22.19.1 COMPANY OVERVIEW

22.19.2 REVENUE ANALYSIS

22.19.3 GEOGRAPHICAL PRESENCE

22.19.4 PRODUCT PORTFOLIO

22.19.5 RECENT DEVELOPMENTS

*NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST

23 RELATED REPORTS

24 CONCLUSION

25 QUESTIONNAIRE

26 ABOUT DATA BRIDGE MARKET RESEARCH

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Global Almond Milk Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Almond Milk Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Almond Milk Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Almond Milk Market is projected to grow at a CAGR of 14.0% during the forecast period by 2029.
The Almond Milk Market is segmented on the basis of category, type, formulation, application, packaging type and distribution channel.
The major players in the Almond Milk Market are Daiya Foods Inc., Danone North America Public Benefit Corporation, SunOpta, Blue Diamond Growers, Tofutti Brands, Inc., Califia Farms LLC., Earth’s Own, Hiland Dairy, Ecomil, etc.
The countries covered in the Almond Milk Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, etc.

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