The global demand for Almond Milk Market is presumed to reach the market size of nearly USD 24.26 MN by 2028 from USD 8.95 MN in 2021 with a CAGR of 15.3% under the study period 2022 - 2028.
Almond milk is plant milk created from almonds manufactured by blending almonds and mixing them with water, then straining the fluid to remove the solids. It has a creamy texture and a nutty flavour since it is nutritious milk that is high in calcium and vitamins. Almond milk is a popular dairy replacement with a texture and taste compared to regular dairy milk and similar nutritional advantages. Almond milk is nothing more than plant milk created from almonds, with a nutty flavor and a creamy texture. Many people prefer almond milk to other plant-based milk replacements because of its mild flavor. It can be used as a dairy milk substitute and can be found in coffee, oatmeal, and baking dishes. Almond milk has several elements that are beneficial to one's health.
Market Dynamics
The growing awareness of good health and low cholesterol products among vegan consumers, the increasing number of patients suffering from lactose intolerance, and the expanding demand for low-calorie nutritious milk are all driving the almond milk industry forward. Other significant variables functioning as almond milk market growth determinants include the growing preference for plant-based products. Furthermore, rising demand for flavored almond milk is expected to enhance the market's overall growth. The ever-increasing need for almond milk in confectionery and baking items and the rise in demand for organic snacks will provide the almond milk industry with many profitable opportunities. The rising cost of almonds, on the other hand, is expected to stifle the market's expansion. Furthermore, a lack of public understanding about the health benefits of almond milk could hinder the market's total growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of almond milk. The growth and trends of almond milk industry provide a holistic approach to this study.
Market Segmentation
This section of the almond milk market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Beverages
- Frozen Desserts
- Personal Care
- Others
By Distribution Channel
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Almond Milk market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Almond Milk Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the almond milk market include Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., Blue Diamond Growers, Galaxy Nutritional Foods, Inc., Tofutti Brands Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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