Almond Milk Market Forecasts to 2028 – Global Analysis By Product (Original, Non-Dairy), Application (Cosmetics, Food Service), Formulation (Plain, Flavored), End User (Household, Nutraceuticals & Baby Food) and By Geography
According to Stratistics MRC, the Global Almond Milk Market is accounted for $6.79 billion in 2020 and is expected to reach $22.73 billion by 2028 growing at a CAGR of 16.3% during the forecast period. Growing acceptance of dairy alternatives among vegans, rising cases of lactose intolerance, hypercholesterolemia, and growing demand for plant-based beverages are the major factors driving the market growth. However, high cost of almond milk and availability of alternate milks to almond milk are restraining the market growth.
Almond milk is a plant-based dairy alternative known to be rich in vitamin E and omega-3 fatty acids, made from almonds which generally have a nutty taste and creamy texture, it makes bones stronger, helps in digestion, and it acts as a lactose-free substitute of milk. Almond milk is rich in minerals like calcium, magnesium, and iron. It is available in various flavors and enriched with minerals, proteins and vitamins. Almond milk does not contain cholesterol or saturated fat that helps in supporting heart health.
Based on the application, the personal care segment is going to have lucrative growth during the forecast period due to almond milk’s unique anti-aging properties included in the products of personal care and amount of high proportion of vitamin C, vitamin B6, vitamin E, and zinc in its formulation, which has been used in skin repair creams and lotions. These advantages of almond milk attract the consumers worldwide, exploring the demand for almond milk in this segment.
By geography, Asia Pacific is going to have high growth during the forecast period as almond milk is prominently used in the Asia Pacific countries, especially India and China, and fast application scope of the product in the food and beverage industry has resulted in an inflated demand from countries like Japan hence the product is likely to witness favorable growth in this region. With the growing focus on gluten-free variants of almond milk, the market in Asia Pacific will grow further in the coming years.
Some of the key players profiled in the Almond Milk Market include Califia Farms, Blue Diamond Growers, Elmhurst Milked Direct LLC, Pacific Foods Of Oregon LLC, Natura Foods, Daiya Foods Inc., Orgain, Inc., Hiland Dairy Foods Company, LLC, Three Trees Organic, Sanitarium Health and Wellbeing, Earth's Own Food Company, WhiteWave Foods, Hain Celestial Group, Nestlé and Galaxy Nutritional Foods, Inc.
Forms Covered:
• Powder
• Liquid
Types Covered:
• Pure
• Mixed
Products Covered:
• Original Almond Milk
• Vanilla Almond Milk
• Non-Dairy Almond Milk
Applications Covered:
• Food and Beverages
• Personal Care (Cosmetics)
• Food Service Industry
Formulations Covered:
• Plain
• Flavored
Categories Covered:
• Organic
• Conventional
Distribution Channels Covered:
• Store-Based
• Non-Store-Based
• Business to Business
• Business to Customer
Packaging Types Covered:
• Bottles
• Cans
• Cartons
• Glass
End Users Covered:
• Retail/Household
• Pharmaceuticals
• Nutraceuticals & Baby Food
• Adult
• Children
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Almond Milk Market, By Form
5.1 Introduction
5.2 Powder
5.3 Liquid
6 Global Almond Milk Market, By Type
6.1 Introduction
6.2 Pure
6.3 Mixed
7 Global Almond Milk Market, By Product
7.1 Introduction
7.2 Original Almond Milk
7.3 Vanilla Almond Milk
7.4 Non-Dairy Almond Milk
8 Global Almond Milk Market, By Application
8.1 Introduction
8.2 Food and Beverages
8.2.1 Bakery & Confectionery
8.2.2 Dairy & Frozen Desserts
8.2.3 Infant Formula
8.3 Personal Care (Cosmetics)
8.4 Food Service Industry
9 Global Almond Milk Market, By Formulation
9.1 Introduction
9.2 Plain
9.2.1 Plain Sweetened
9.2.2 Plain Unsweetened
9.3 Flavored
9.3.1 Flavored Sweetened
9.3.2 Flavored Unsweetened
10 Global Almond Milk Market, By Category
10.1 Introduction
10.2 Organic
10.3 Conventional
11 Global Almond Milk Market, By Distribution Channel
11.1 Introduction
11.2 Store-Based
11.2.1 Hypermarkets & Supermarkets
11.2.2 Convenience Stores
11.2.3 Specialty Stores
11.2.4 Food and Drink Specialty Stores
11.3 Non-Store-Based
11.4 Business to Business
11.5 Business to Customer
12 Global Almond Milk Market, By Packaging Type
12.1 Introduction
12.2 Bottles
12.3 Cans
12.4 Cartons
12.5 Glass
13 Global Almond Milk Market, By End User
13.1 Introduction
13.2 Retail/Household
13.3 Pharmaceuticals
13.4 Nutraceuticals & Baby Food
13.5 Adult
13.6 Children
14 Global Almond Milk Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 Califia Farms
16.2 Blue Diamond Growers
16.3 Elmhurst Milked Direct LLC
16.4 Pacific Foods Of Oregon, LLC.
16.5 Natura Foods
16.6 Daiya Foods Inc.
16.7 Orgain, Inc.
16.8 Hiland Dairy Foods Company, LLC
16.9 Three Trees Organic
16.10 Sanitarium Health and Wellbeing
16.11 Earth's Own Food Company
16.12 WhiteWave Foods
16.13 Hain Celestial Group
16.14 Nestlé
16.15 Galaxy Nutritional Foods, Inc.
List of Tables
1 Global Almond Milk Market Outlook, By Region (2019-2028) (US $MN)
2 Global Almond Milk Market Outlook, By Form (2019-2028) (US $MN)
3 Global Almond Milk Market Outlook, By Powder (2019-2028) (US $MN)
4 Global Almond Milk Market Outlook, By Liquid (2019-2028) (US $MN)
5 Global Almond Milk Market Outlook, By Type (2019-2028) (US $MN)
6 Global Almond Milk Market Outlook, By Pure (2019-2028) (US $MN)
7 Global Almond Milk Market Outlook, By Mixed (2019-2028) (US $MN)
8 Global Almond Milk Market Outlook, By Product (2019-2028) (US $MN)
9 Global Almond Milk Market Outlook, By Original Almond Milk (2019-2028) (US $MN)
10 Global Almond Milk Market Outlook, By Vanilla Almond Milk (2019-2028) (US $MN)
11 Global Almond Milk Market Outlook, By Non-Dairy Almond Milk (2019-2028) (US $MN)
12 Global Almond Milk Market Outlook, By Application (2019-2028) (US $MN)
13 Global Almond Milk Market Outlook, By Food and Beverages (2019-2028) (US $MN)
14 Global Almond Milk Market Outlook, By Bakery & Confectionery (2019-2028) (US $MN)
15 Global Almond Milk Market Outlook, By Dairy & Frozen Desserts (2019-2028) (US $MN)
16 Global Almond Milk Market Outlook, By Infant Formula (2019-2028) (US $MN)
17 Global Almond Milk Market Outlook, By Personal Care (Cosmetics) (2019-2028) (US $MN)
18 Global Almond Milk Market Outlook, By Food Service Industry (2019-2028) (US $MN)
19 Global Almond Milk Market Outlook, By Formulation (2019-2028) (US $MN)
20 Global Almond Milk Market Outlook, By Plain (2019-2028) (US $MN)
21 Global Almond Milk Market Outlook, By Plain Sweetened (2019-2028) (US $MN)
22 Global Almond Milk Market Outlook, By Plain Unsweetened (2019-2028) (US $MN)
23 Global Almond Milk Market Outlook, By Flavored (2019-2028) (US $MN)
24 Global Almond Milk Market Outlook, By Flavored Sweetened (2019-2028) (US $MN)
25 Global Almond Milk Market Outlook, By Flavored Unsweetened (2019-2028) (US $MN)
26 Global Almond Milk Market Outlook, By Category (2019-2028) (US $MN)
27 Global Almond Milk Market Outlook, By Organic (2019-2028) (US $MN)
28 Global Almond Milk Market Outlook, By Conventional (2019-2028) (US $MN)
29 Global Almond Milk Market Outlook, By Distribution Channel (2019-2028) (US $MN)
30 Global Almond Milk Market Outlook, By Store-Based (2019-2028) (US $MN)
31 Global Almond Milk Market Outlook, By Hypermarkets & Supermarkets (2019-2028) (US $MN)
32 Global Almond Milk Market Outlook, By Convenience Stores (2019-2028) (US $MN)
33 Global Almond Milk Market Outlook, By Specialty Stores (2019-2028) (US $MN)
34 Global Almond Milk Market Outlook, By Food and Drink Specialty Stores (2019-2028) (US $MN)
35 Global Almond Milk Market Outlook, By Non-Store-Based (2019-2028) (US $MN)
36 Global Almond Milk Market Outlook, By Business to Business (2019-2028) (US $MN)
37 Global Almond Milk Market Outlook, By Business to Customer (2019-2028) (US $MN)
38 Global Almond Milk Market Outlook, By Packaging Type (2019-2028) (US $MN)
39 Global Almond Milk Market Outlook, By Bottles (2019-2028) (US $MN)
40 Global Almond Milk Market Outlook, By Cans (2019-2028) (US $MN)
41 Global Almond Milk Market Outlook, By Cartons (2019-2028) (US $MN)
42 Global Almond Milk Market Outlook, By Glass (2019-2028) (US $MN)
43 Global Almond Milk Market Outlook, By End User (2019-2028) (US $MN)
44 Global Almond Milk Market Outlook, By Retail/Household (2019-2028) (US $MN)
45 Global Almond Milk Market Outlook, By Pharmaceuticals (2019-2028) (US $MN)
46 Global Almond Milk Market Outlook, By Nutraceuticals & Baby Food (2019-2028) (US $MN)
47 Global Almond Milk Market Outlook, By Adult (2019-2028) (US $MN)
48 Global Almond Milk Market Outlook, By Children (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
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Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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