Global Almond Milk Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Almond Milk Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global almond milk market report has been segmented on the basis of form, application, and region.
Global Almond Milk Market: Overview
Almond milk is one of the plant milk which has a creamy texture and nutty taste. It is becoming popular substitute for animal based milk products as it offers many health benefits such as helps in weight management and digestion, and makes bones stronger. Almond milk is a low-calorie beverage, that is casein and lactose free. It is available in various flavors and enriched with minerals, proteins or vitamins.
Global Almond Milk Market: Dynamics
Growing consumption of dairy product, coupled with increasing vegan population are major factors driving growth of the global market in the next coming years. Increasing consumer inclination towards on-the-go products, increasing awareness among individuals for health concern, and high adoption of premium brand, high quality, and healthy dairy products are other factors expected to fuel growth of the global market. In addition, increasing adoption of almond milk in food industry is expected to support growth of the global market over the forecast period.
However, high cost of almond milk and availability of alternate milks are major factor restraining growth of the target market to certain extent.
Global Almond Milk Market: Segment Analysis
Among the form segments, the flavored unsweetened segment is expected to account for major revenue share contribution in the global market over the forecast period, due to varieties of flavors such vanilla or chocolates and high demand in children’s. The plain sweetened segment is expected to account for significant CAGR in terms of revenue, owing to growing usage in beverages including ice creams, smoothies, shakes, baked products, and puddings.
Among the application segments, the beverage segment is expected to account for maximum revenue share contribution in the target market, owing to its growing use as a dairy substitute. The food segment is expected to follow the beverage segment in terms of revenue contribution, due to increasing use in desserts, snacks, cheese, and bakery products. The cosmetic segment is expected to register for moderate revenue growth in the target market, due to increasing uses in cleansing lotion, rosewater, and others in order to remove dirt from skin.
Global Almond Milk Market: Region Analysis
The North America market is expected to register major revenue share in the global almond milk market. This is primarily due to growing consumption of grab-and-go beverages and increasing lactose intolerant consumers in US in the region. The Europe market is expected to account for second-highest revenue share in the target market, due to high disposable income, major presence of dairy farms, and increasing intake of dairy products in Germany, France, and UK. The market in Asia Pacific is expected to account for significant growth in terms of revenue, owing to increase in population, growing awareness about plant-based milk products, and rising number of food processing industry are factors to drive growth of the global almond milk market in Asia Pacific region. Middle East & Africa and Latin America markets are expected to register moderate growth in years to come.
Global Almond Milk Market Segmentation:
Segmentation by Form:
- Plain Sweetened
- Flavored Sweetened
- Flavored Unsweetened
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Blue Diamond Growers
- Califia Farms
- Earth's Own Food Company
- WhiteWave Foods
- Freedom Foods
- Hain Celestial Group
- Hiland Dairy Foods
- Pacific Foods
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