The global almond milk market exhibited strong growth during 2015-2020.
Almond milk is made from an emulsion of blanched almonds, acacia, sugar and water. It is lactose-free and has fewer calories, sugar and phosphorus as compared to conventional milk. Moreover, it is rich in vitamin E and D, and offers numerous health benefits, such as keeping the heart healthy, strengthening bones and muscles, maintaining the level of sugar in the blood, and aids in weight management. Consequently, it finds extensive applications in the food and beverage (F&B) and personal care industries across various regions of the world. At present, almond milk is available in different packaging and flavors, including plain, vanilla, mango and chocolate.
The rising cases of lactose intolerance and hypercholesterolemia, along with the increasing health consciousness among individuals, represent as the key factors driving the global almond milk market growth. Additionally, as almond milk is plant-based, it is gaining traction among the vegan population across the globe. It is also being utilized in the preparation of various chocolates, cream liquor and bakery goods that are marketed for the lactose-intolerant population. Moreover, the growing personal care industry on account of changing lifestyles and inflating income levels is further escalating the demand for almond milk-based products around the world. Other than this, with the burgeoning e-commerce sector, leading manufactures operating in the industry are offering their products through online distribution channels as they provide conveniences, such as free shipping and home delivery facilities to consumers. These manufacturers are also offering unique flavors, such as toasted coconut, as well as on-the-go variants. Looking forward, the analyst expects the global almond milk market to grow at a CAGR of 12.3% during 2021-2026.
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 Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: 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, etc.
Key Questions Answered in This Report: How has the global almond milk market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global almond milk market? What is the breakup of the market based on the type? What is the breakup of the market based on the category? What is the breakup of the market based on the packaging type? What is the breakup of the market based on the application? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global almond milk market and who are the key players? What is the degree of competition in the industry?
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