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 industry report. 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 prepared from an emulsion of blanched almonds, acacia, sugar, and water. It is a creamy-flavored lactose-free milk that has fewer calories, sugar, and phosphorus as compared to conventional milk. It is rich in omega-3 fatty acids, calcium, vitamins E, D, and B12, and zinc and offers numerous health benefits, such as keeping the heart healthy, strengthening bones and muscles, maintaining the level of sugar in the blood, and aiding in weight management. It is widely available in different packaging and flavors, including plain, vanilla, mango, and chocolate. It is also used as an ingredient in the food and beverage industry for preparing chocolates, yogurt, frozen desserts, milkshakes, and other milk-based products.
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Market Trends:
One of the key factors driving the global market is the rising number of individuals suffering from lactose intolerance. Along with this, the increasing health-conscious among consumers, coupled with a rising inclination towards plant-based products, is catalyzing the demand for almond milk among the masses. In response to the escalating demand, numerous major companies are introducing new flavors and high-nutrient content varieties, which are gaining prominence among individuals. The market is further driven by the wide utilization of almond milk in cosmetics for the production of skin and hair care products, as almond milk combined with any protein is a rich source of zinc that prevents hair graying and helps to keep the skin free from blemishes.
In terms of distribution channels, the almond milk market is dominated by supermarkets and hypermarkets. These retail channels offer a wide variety of almond milk brands and flavors, making it easy for consumers to find the product that best suits their needs. Online sales of almond milk are also growing rapidly, with many consumers choosing to purchase their non-dairy milk alternatives online.
In conclusion, the almond milk market is experiencing steady growth, driven by factors such as the increasing demand for plant-based diets, rising lactose intolerance, and growing health consciousness among consumers. With the continued rise of veganism and plant-based diets, the almond milk market is expected to continue its growth trajectory in the coming years, providing consumers with a healthy and convenient alternative to traditional dairy milk.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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