According to the latest report by IMARC Group, titled “Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on almond milk market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global almond milk market reached a value of US$ 7.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2027, exhibiting a CAGR of 15.2% during 2022-2027.
Almond milk is a dairy milk substitute made from presoaked almonds, water, sugar and acacia. It has a white, creamy texture with a nutty taste. Commercially, almond milk is produced in sweetened and unsweetened forms and various flavors, such as vanilla, chocolate, and strawberry. It is a rich source of vitamins E and D, magnesium, antioxidants, and omega-3 fatty acids. The consumption of almond milk helps strengthen bones and muscles, maintain blood sugar levels, prevent osteoporosis, and lower the risk of Alzheimer’s disease.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Almond Milk Market Trends:
One of the key factors driving the global almond milk market is the rising incidences of lactose intolerance and hypercholesterolemia. Besides this, increasing health-consciousness and awareness regarding animal welfare has encouraged consumers to adopt veganism and incorporate plant-based milk, such as almond milk, in their regular diets, which is supporting the market growth. With easy availability across the offline and online retail channels, market players have been able to reach a broader consumer base, which has further led to the market growth. Moreover, almond milk is extensively employed in the cosmetics industry to formulate face creams and hair care products, which is creating a positive outlook for the market.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Blue Diamond Growers
- Califia Farms LLC
- Daiya Foods Inc.
- Earth’s Own Food Company Inc.
- Hain Celestial Group
- Hiland Dairy Foods
- Malk Organics LLC
- Pacific Foods of Oregon LLC
- Sanitarium
- SunOpta Inc.
- The WhiteWave Foods Company
Almond Milk Market Segmentation:
Our report has categorized the market based on region, type, category, packaging type, application and distribution channel.
Breakup by Type:
- Plain
- Flavored
Breakup by Category:
- Organic
- Conventional
Breakup by Packaging Type:
- Carton
- Glass
- Others
Breakup by Application:
- Beverages
- Frozen Desserts
- Personal Care
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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