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.
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.