Almond Milk Market
PUBLISHED: 2024 ID: SMRC25477
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Almond Milk Market

Almond Milk Market Forecasts to 2030 - Global Analysis By Type (Plain and Flavored), Packaging Type (Carton, Glass and Other Packaging Types), Category, Distribution Channel, Application and By Geography

4.1 (44 reviews)
4.1 (44 reviews)
Published: 2024 ID: SMRC25477

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Almond Milk Market is accounted for $9.60 billion in 2023 and is expected to reach $24.10 billion by 2030 growing at a CAGR of 14.05% during the forecast period. Almond milk is a popular plant-based alternative to traditional dairy milk, made from ground almonds and water. It has gained popularity due to its creamy texture, nutty flavor, and numerous health benefits. Almond milk is naturally lactose-free, making it suitable for those with lactose intolerance or dairy allergies. It can be used as a substitute in cooking, baking, or enjoyed on its own as a beverage. Almond milk is a sustainable option, requiring less water and resources to produce compared to dairy milk, making it a favorite among environmentally conscious consumers.

According to a National Institutes of Health report, the majority of lactose-intolerant people are from Eastern Asia. This gives almond milk producers more opportunities to reach these regions.

Market Dynamics: 

Driver: 

Convenience and availability

The convenience and availability driver in the almond milk market pertains to the growing consumer demand for easily accessible and convenient plant-based milk alternatives. As people increasingly adopt healthier lifestyles and dietary preferences, almond milk emerges as a popular choice due to its perceived health benefits and versatility. The widespread availability of almond milk across supermarkets, health food stores, and online platforms further fuels its market growth. 

Restraint:

Competition from other plant-based milks

Competition from other plant-based milks, such as soy, oat, and coconut, presents a significant restraint on the almond milk market. As consumers increasingly seek dairy alternatives, they have a plethora of options beyond almond milk. Each alternative offers unique flavors, textures, and nutritional profiles, diverting potential almond milk consumers. Moreover, concerns regarding sustainability and environmental impact, particularly related to almond cultivation's water usage, have prompted some consumers to opt for more eco-friendly options. This intensifies competition and challenges almond milk's market dominance.

Opportunity:

Variety of flavors and blends

The Variety of Flavors and Blends opportunity lies in its ability to cater to diverse consumer preferences and dietary needs. By offering a wide range of flavors, such as vanilla, chocolate, and matcha, along with innovative blends like almond-coconut or almond-oat, brands can attract different taste preferences and provide versatility in usage, such as for smoothies or baking. This approach not only enhances consumer satisfaction but also taps into the growing demand for plant-based alternatives among health-conscious individuals and those with lactose intolerance or dairy allergies.

Threat:

Price volatility of almonds

Price volatility of almonds are fluctuations in the cost of almonds over time, influenced by factors such as weather conditions, global demand, and crop yields. This volatility poses a threat to the almond milk market due to its reliance on a stable and affordable almond supply. Sudden spikes in almond prices can lead to increased production costs for almond milk manufacturers, potentially driving up retail prices and reducing consumer demand. Moreover, uncertainty in almond prices may discourage investment in almond milk production and innovation, hindering market growth and sustainability. 

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the almond milk market in several ways. Firstly, as consumer priorities shifted towards health and wellness, there was a surge in demand for plant-based alternatives like almond milk, driving market growth. However, disruptions in the supply chain and logistics due to lockdowns led to temporary shortages and increased prices. Additionally, economic uncertainties prompted some consumers to opt for more affordable alternatives or homemade options, impacting sales. Despite initial challenges, the market quickly adapted with increased online sales and innovative marketing strategies, ultimately stabilizing and continuing its growth trajectory amidst the pandemic.

The bottles segment is expected to be the largest during the forecast period

The bottle segment within the almond milk market has experienced significant growth due to the shift towards environmentally friendly packaging that has led consumers to prefer bottles over cartons or Tetra Paks, as bottles are more easily recyclable. Bottles offer greater convenience and portability, catering to the on-the-go lifestyle of many consumers. Moreover, the perception of freshness and quality associated with bottled almond milk has contributed to its popularity. Additionally, the rise in demand for plant-based alternatives to dairy has also boosted the growth of almond milk in bottles as consumers seek healthier and more sustainable options.

The conventional segment is expected to have the highest CAGR during the forecast period

Conventional segment growth is because of the increasing demand for traditional almond milk products made from conventionally grown almonds rather than organic ones. This growth can be attributed to several factors, such as affordability, widespread availability, and familiarity with conventional products among consumers. Manufacturers often focus on enhancing the taste, texture, and nutritional profile of conventional almond milk to appeal to a broader audience. Furthermore, as almond milk continues to gain popularity as a dairy alternative, the conventional segment is witnessing steady growth due to its competitive pricing and accessibility, making it a preferred choice for many consumers seeking plant-based alternatives.

Region with largest share:

The growth of the almond milk market in North America can be attributed to growing trend towards plant-based diets and alternatives to traditional dairy products due to health and environmental concerns. Almond milk is seen as a nutritious and sustainable option, appealing to health-conscious consumers. Increasing lactose intolerance and dairy allergies among the population have fueled the demand for non-dairy alternatives like almond milk. Moreover, the availability of a variety of flavors and fortified options has widened the consumer base. Aggressive marketing campaigns highlighting almond milk's benefits have also contributed to its popularity, further driving market growth in the region. 

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth due to increasing health consciousness among consumers has led to a shift towards plant-based alternatives, like almond milk, which is perceived as a healthier option compared to dairy milk. Rising lactose intolerance and dairy allergies have driven demand for non-dairy alternatives like almond milk. Moreover, the growing vegan population in countries like India and China has fuelled the market. Furthermore, improved distribution channels, aggressive marketing strategies by manufacturers, and product innovations have also contributed to the surge in almond milk consumption across the Asia-Pacific region.

Key players in the market

Some of the key players in Almond Milk market include Blue Diamond Growers , Califia Farms LLC, Campbell Soup Company, Daiya Foods Inc, Danone SA, Earth's Own Food Company Inc, Ecotone, Hiland Dairy Foods , Malk Organics LLC, Nestlé SA, Pacific Foods of Oregon LLC, Sanitarium, SunOpta Inc, The Hain Celestial Group Inc and The WhiteWave Foods Company. 

Key Developments:

In January 2024, Daiya, a leading dairy-free brand, has launched “Fromage Forgery,” a marketing campaign to promote the newly launched formula, introducing its newly revamped dairy-free cheese to a wider audience in collaboration with actor Lionel Boyce, known for his work on the award-winning series “The Bear”.

In December 2023, Almond producer Blue Diamond Growers is launching a new plant-based milk product for health-conscious consumers. The beverage is formulated from an oat and almond base, and each 1-cup serving contains 45 calories, 450 mgs of calcium and 4 grams of sugar. Blue Diamond’s Almond Breeze Original Almond & Oat Blend joins the company’s dairy alternative portfolio that includes a variety of almond-based creamers, shelf-stable milks, and blended milk offerings.

Types Covered:
• Plain 
• Flavored 

Packaging Types Covered:
• Carton  
• Glass  
• Bottles  
• Cans  
• Other Packaging Types  

Categories Covered:
• Organic  
• Conventional   

Distribution Channels Covered:
• Hypermarkets and Supermarkets    
• Convenience Stores    
• Online Stores    
• Other Distribution Channels    

Applications Covered:
• Food & Beverages    
• Bakery & Confectionery    
• Personal Care    
• Dairy    
• Household    
• Other Applications    

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 2021, 2022, 2023, 2026, and 2030
- 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
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 Application Analysis        
 3.7 Emerging Markets        
 3.8 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 Type         
 5.1 Introduction        
 5.2 Plain        
 5.3 Flavored        
          
6 Global Almond Milk Market, By Packaging Type         
 6.1 Introduction        
 6.2 Carton        
 6.3 Glass        
 6.4 Bottles        
 6.5 Cans        
 6.6 Other Packaging Types        
          
7 Global Almond Milk Market, By Category         
 7.1 Introduction        
 7.2 Organic        
 7.3 Conventional        
          
8 Global Almond Milk Market, By Distribution Channel         
 8.1 Introduction        
 8.2 Hypermarkets and Supermarkets        
 8.3 Convenience Stores        
 8.4 Online Stores        
 8.5 Other Distribution Channels        
          
9 Global Almond Milk Market, By Application         
 9.1 Introduction        
 9.2 Food & Beverages        
 9.3 Bakery & Confectionery        
 9.4 Personal Care        
 9.5 Dairy        
 9.6 Household        
 9.7 Other Applications        
          
10 Global Almond Milk Market, By Geography         
 10.1 Introduction        
 10.2 North America        
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America       
 10.6 Middle East & Africa        
  10.6.1 Saudi Arabia       
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa       
          
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 11.2 Acquisitions & Mergers        
 11.3 New Product Launch        
 11.4 Expansions        
 11.5 Other Key Strategies        
          
12 Company Profiling         
 12.1 Blue Diamond Growers        
 12.2 Califia Farms LLC        
 12.3 Campbell Soup Company        
 12.4 Daiya Foods Inc        
 12.5 Danone SA        
 12.6 Earth's Own Food Company Inc        
 12.7 Ecotone        
 12.8 Hiland Dairy Foods        
 12.9 Malk Organics LLC        
 12.10 Nestlé SA        
 12.11 Pacific Foods of Oregon LLC        
 12.12 Sanitarium        
 12.13 SunOpta Inc.        
 12.14 The Hain Celestial Group Inc.        
 12.15 The WhiteWave Foods Company        
          
List of Tables          
1 Global Almond Milk Market Outlook, By Region (2021-2030) ($MN)         
2 Global Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
3 Global Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
4 Global Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
5 Global Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
6 Global Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
7 Global Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
8 Global Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
9 Global Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
10 Global Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
11 Global Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
12 Global Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
13 Global Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
14 Global Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
15 Global Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
16 Global Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
17 Global Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
18 Global Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
19 Global Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
20 Global Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
21 Global Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
22 Global Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
23 Global Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
24 Global Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
25 Global Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         
26 North America Almond Milk Market Outlook, By Country (2021-2030) ($MN)         
27 North America Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
28 North America Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
29 North America Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
30 North America Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
31 North America Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
32 North America Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
33 North America Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
34 North America Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
35 North America Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
36 North America Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
37 North America Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
38 North America Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
39 North America Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
40 North America Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
41 North America Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
42 North America Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
43 North America Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
44 North America Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
45 North America Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
46 North America Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
47 North America Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
48 North America Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
49 North America Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
50 North America Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         
51 Europe Almond Milk Market Outlook, By Country (2021-2030) ($MN)         
52 Europe Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
53 Europe Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
54 Europe Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
55 Europe Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
56 Europe Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
57 Europe Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
58 Europe Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
59 Europe Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
60 Europe Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
61 Europe Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
62 Europe Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
63 Europe Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
64 Europe Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
65 Europe Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
66 Europe Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
67 Europe Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
68 Europe Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
69 Europe Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
70 Europe Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
71 Europe Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
72 Europe Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
73 Europe Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
74 Europe Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
75 Europe Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         
76 Asia Pacific Almond Milk Market Outlook, By Country (2021-2030) ($MN)         
77 Asia Pacific Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
78 Asia Pacific Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
79 Asia Pacific Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
80 Asia Pacific Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
81 Asia Pacific Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
82 Asia Pacific Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
83 Asia Pacific Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
84 Asia Pacific Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
85 Asia Pacific Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
86 Asia Pacific Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
87 Asia Pacific Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
88 Asia Pacific Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
89 Asia Pacific Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
90 Asia Pacific Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
91 Asia Pacific Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
92 Asia Pacific Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
93 Asia Pacific Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
94 Asia Pacific Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
95 Asia Pacific Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
96 Asia Pacific Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
97 Asia Pacific Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
98 Asia Pacific Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
99 Asia Pacific Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
100 Asia Pacific Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         
101 South America Almond Milk Market Outlook, By Country (2021-2030) ($MN)         
102 South America Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
103 South America Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
104 South America Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
105 South America Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
106 South America Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
107 South America Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
108 South America Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
109 South America Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
110 South America Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
111 South America Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
112 South America Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
113 South America Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
114 South America Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
115 South America Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
116 South America Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
117 South America Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
118 South America Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
119 South America Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
120 South America Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
121 South America Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
122 South America Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
123 South America Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
124 South America Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
125 South America Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         
126 Middle East & Africa Almond Milk Market Outlook, By Country (2021-2030) ($MN)         
127 Middle East & Africa Almond Milk Market Outlook, By Type  (2021-2030) ($MN)         
128 Middle East & Africa Almond Milk Market Outlook, By Plain (2021-2030) ($MN)         
129 Middle East & Africa Almond Milk Market Outlook, By Flavored (2021-2030) ($MN)         
130 Middle East & Africa Almond Milk Market Outlook, By Packaging Type (2021-2030) ($MN)         
131 Middle East & Africa Almond Milk Market Outlook, By Carton (2021-2030) ($MN)         
132 Middle East & Africa Almond Milk Market Outlook, By Glass (2021-2030) ($MN)         
133 Middle East & Africa Almond Milk Market Outlook, By Bottles (2021-2030) ($MN)         
134 Middle East & Africa Almond Milk Market Outlook, By Cans (2021-2030) ($MN)         
135 Middle East & Africa Almond Milk Market Outlook, By Other Packaging Types (2021-2030) ($MN)         
136 Middle East & Africa Almond Milk Market Outlook, By Category (2021-2030) ($MN)         
137 Middle East & Africa Almond Milk Market Outlook, By Organic (2021-2030) ($MN)         
138 Middle East & Africa Almond Milk Market Outlook, By Conventional (2021-2030) ($MN)         
139 Middle East & Africa Almond Milk Market Outlook, By Distribution Channel (2021-2030) ($MN)         
140 Middle East & Africa Almond Milk Market Outlook, By Hypermarkets and Supermarkets (2021-2030) ($MN)         
141 Middle East & Africa Almond Milk Market Outlook, By Convenience Stores (2021-2030) ($MN)         
142 Middle East & Africa Almond Milk Market Outlook, By Online Stores (2021-2030) ($MN)         
143 Middle East & Africa Almond Milk Market Outlook, By Other Distribution Channels (2021-2030) ($MN)         
144 Middle East & Africa Almond Milk Market Outlook, By Application (2021-2030) ($MN)         
145 Middle East & Africa Almond Milk Market Outlook, By Food & Beverages (2021-2030) ($MN)         
146 Middle East & Africa Almond Milk Market Outlook, By Bakery & Confectionery (2021-2030) ($MN)         
147 Middle East & Africa Almond Milk Market Outlook, By Personal Care (2021-2030) ($MN)         
148 Middle East & Africa Almond Milk Market Outlook, By Dairy (2021-2030) ($MN)         
149 Middle East & Africa Almond Milk Market Outlook, By Household (2021-2030) ($MN)         
150 Middle East & Africa Almond Milk Market Outlook, By Other Applications (2021-2030) ($MN)         

List of Figures

RESEARCH METHODOLOGY


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
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

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.


For more details about research methodology, kindly write to us at info@strategymrc.com

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