Almond Milk Market Survey and 2023 Future Outlook

Almond milk is a plant based milk substitute for dairy milk made from almonds, it is lactose and casein free milk which is consumed by lactose intolerant and by consumers following vegan diet. Almond milk comes in sweetened, unsweetened, plain, and flavored, and is usually enriched with vitamins, especially fortified with vitamin D and probiotics.
With rising awareness about healthy lifestyle, coupled with growing diet trends such as vegan diet, paleo diet, weight loss are key drivers for this market. Furthermore, increasing cases of lactose allergy, has further fueled the sales of almond milk. With increasing number of nuclear families, rising working women population coupled with increasing urbanization resulted in growing number of consumers shifting to healthy alternative and nutritional dairy alternative milk. The strong performance of retail sector has led to the easy availability of branded almond milk in semi-urban areas, and the increasing availability of brands in stores which are safe to consume.


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Key Players
• Archer Daniels Midland Company (U.S.),
• The Hain Celestial Group, Inc. (U.S.),
• Sanitarium Health & Wellbeing Company (New Zealand),
• Freedom Foods Group Ltd. (Australia),
• Daiya Foods Inc. (Canada),
• DMK (Germany),
• Arla Foods (Denmark)

Key Findings:
• Asia Pacific dominates the almond milk market followed by Europe
• Asia-Pacific is the fastest growing region in the almond milk market. India and China has shown huge potentials for almond milk market share during reviewed period of 2017-2023

Study Objectives of Almond milk Market
• In depth analysis of the market’s segments and sub-segments
• To estimate and forecast market size by application, formulation, distribution channel and region
• To analyses key driving forces which are influencing the market
• Region level market analysis and market estimation of North America, Europe, Asia-Pacific, and rest of the world (ROW) and their countries
• Value chain analysis & supply chain analysis of the market
• Company profiling of major players in the market
• Competitive strategy analysis and mapping key stakeholders in the market
• Analysis of historical market trends and technologies along with current government regulatory requirements

Segments
Almond milk ingredients market has been segmented on the basis of application such as ice cream, yogurt, confectionery, butter & cream and others. Among these ice cream segment dominated the market in terms of value in 2016 and will continue dominating the market during forecast period. The yogurt is estimated to grow at a highest CAGR during the forecast period.
Almond milk has been segmented on the basis of product type which include plain- sweetened & unsweetened, flavored- sweetened & unsweetened. Plain almond milk will dominate the market, as it has huge application in vegan cheese production, cream and butter, but however flavored milk will grow at a highest CAGR.
Almond milk has been segmented on the basis of distribution channel such as supermarkets & hypermarkets, specialist retailers, convenience stores and others. Supermarket & hypermarket will dominate the market, due rising urbanization and increasing disposable income.

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Regional Analysis
The global almond milk market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe region is expected to retain its dominance throughout the forecast period. This is attributed by the increasing per capita disposable income coupled with the rising number of lactose intolerance cases. Asia-Pacific region will grow at highest CAGR. Especially China and India offer a lucrative opportunity in the Asia Pacific region for the almond milk manufacturers.

The report for Global Almond milk Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

Continue…
We are thankful for the support and assistance from Global Almond Milk Market Research Report- Forecast to 2023 chain related technical experts and marketing experts during Research Team survey and interviews.

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