Almond Milk Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Almond milk is based upon plant milk prepared from almonds and possesses a nuttier taste with creamy texture. Such type of milk is extensively demanded across diverse application base such as food & beverages, nutraceuticals & baby food, personal care, pharmaceuticals and others. The rise in instances of lactose intolerance and hypercholesterolemia has promoted the demand for almond milk. Also, such type of milk offers several health benefits including weight management along with making bones stronger, promotion of digestion, and others.

MARKET SCOPE

The “Global Almond Milk Market Analysis to 2031” is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the almond milk market with detailed market segmentation by end use, distribution channel and geography. The report provides key statistics on the market status of the leading almond milk market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on Category, the global almond milk market is segmented into organic, conventional.
• On the basis of Type, the market is segmented into plain, flavored.
• Based on packaging type, the global almond milk market is segmented into bottles, cans, others.
• On the basis of distribution channel, the market is segmented into supermarket & hypermarket, convenience stores, online retails and others.      

MARKET DYNAMICS

Drivers-

• Rising instances of lactose intolerance and hypercholesterolemia.
• Growing preference towards vegan diet.
• Rising application base of almond milk.
• Increasing adoption of dairy-free alternatives.

Restraints-

• High cost associated with almond milk

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Almond Milk market in these regions.

IMPACT OF COVID-19 ON ALMOND MILK MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

The ongoing COVID-19 pandemic has altered the status of the almond milk industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, thereby, impacting the demand for almond milk. However as the economies are planning to revive their operations, the demand for almond milk is expected to rise globally in the coming months. Further, significant investments by prominent companies in the development of advanced products is, yet, another factor supporting the market growth.

KEY MARKET PLAYERS

The report covers key developments in the Almond Milk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from almond milk market are anticipated to lucrative growth opportunities in the future with the rising demand for Almond Milk in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the almond milk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Daiya Foods Inc.
• Hain Celestial Group
• Pureharvest
• Sunopta Inc.
• White Wave Foods
• Blue Diamond Growers
• Sanitarium
• Califia Farms
• Tofutti Brands Inc.
• Fine Japan Co. Ltd.

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Almond Milk Report Scope