Market Analysis and Insights: Global Almond Milk Market
Almond milk is a type of plant milk produced from almonds that will provide creamy texture and nutty flavour as it is a nutritious milk with many health benefits and rich in calcium and vitamins. Almond milk is made by blending almonds and mixes it with water then strain the mixture to remove solid content.
Increasing awareness regarding good health and low cholesterol product among vegan consumers, rising number of patients suffering from lactose intolerance, surging demand of low-calorie nutritious milk and rising inclination towards plant-based products are some of the factors that will accelerate the growth of the almond milk market in the forecast period of 2020-2027. On the other hand, increasing demand of flavoured almond milk will further create new and ample opportunities for the growth of almond milk market in the above-mentioned forecast period.
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Rising cost of almonds will act as a market restraint for the growth of almond milk market in the above-mentioned forecast period.
Global Almond Milk Market Scope and Market Size
On the basis of category, almond milk market is segmented into organic and conventional.
Based on type, almond milk market is segmented into original almond milk, vanilla almond milk and non-dairy almond milk.
Based on the formulation, almond milk market is segmented into plain sweetened, plain unsweetened, flavoured sweetened and flavoured unsweetened.
The almond milk market is also segmented on the basis of application. The application is segmented into beverages, frozen desserts, personal care and others.
Based on packaging type, almond milk is segmented into bottles, cans and cartons.
On the basis of distribution channel, almond milk is segmented into store-based and non-store-based. Store based has been further segmented into hypermarkets & supermarkets, convenience stores and others.
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Almond Milk Market Country Level Analysis
Almond milk market is analyses and market size, volume information is provided by country by category, type, formulation, application, packaging type and distribution channel as referenced above.
The countries covered in the almond milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the almond milk market due to increasing number of people suffering from lactose intolerance are shifting their preferences towards almond milk while Asia-Pacific is expected to grow in the forecast period 2020 to 2027 because of growing demand of almonds by manufacturers of almond milk and evolution of dairy alternative technology in the region.
The country section of the almond milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Almond Milk Market Share Analysis
Almond milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to almond milk market.
The major players covered in the almond milk report are
Daiya Foods Inc., THE WHITEWAVE FOODS COMPANY, SunOpta, Blue Diamond Growers, Tofutti Brands, Inc., Califia Farms, Earth’s Own Food Company Inc, Hiland Dairy, Ecomil, PACIFIC FOODS OF OREGON, LLC., Pureharvest, MALK ORGANICS., Elmhurst 1925, Rude Health, Orgain, Inc., New Barn Organics, Alpro, Sanitarium among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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