Global Almond Milk Market is expected to undergo a CAGR of 14.0% during the forecast period 2022 to 2029.
Almond Milk Market Scope and Size
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.
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.
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Almond Milk Market Regional Analysis/Insights
- 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 almondmilk 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.
Almond Milk Market Country Level Analysis
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.
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.
Key Players Almond Milk Market
- Danone North America
- Blue Diamond Growers
- Tofutti Brands
- , Califia Farms LLC.
- Earth’s Own
- Hiland Dairy
- PACIFIC FOODS OF OREGON LLC.
- MALK ORGANICS.
- Galaxy Nutritional Foods Inc.
- Natura Foods
- Elmhurst Milked Direct LLC
- Rude Health
- Orgain Inc.
- New Barn Organics
- Alpro & Sanitarium
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
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