The latest report by IMARC Group, titled “Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the almond milk market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global almond milk market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.9% during 2024-2032.
Almond Milk Market Trends:
The global market is primarily driven by the growing consumer preference for plant-based and dairy-free alternatives, particularly among individuals with lactose intolerance and dairy allergies. In line with this, increasing awareness of the health benefits, such as low-calorie content and high levels of vitamins and minerals, is encouraging the higher product adoption. Similarly, the rapid expansion of product varieties, including flavored and fortified almond milk, appealing to a wider range of consumer tastes and preferences is impelling the market.
Moreover, continual advancements in processing technologies enhancing the taste and texture, making it more appealing to mainstream consumers is providing an impetus to the market. The increase in marketing efforts by major players promoting almond milk as a versatile ingredient for cooking and beverages is expanding the market reach. Likewise, the rising product availability through various retail channels, is augmenting market accessibility and consumer reach.
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Almond Milk Market Scope and Growth Analysis:
The scope of the market encompasses a diverse range of products catering to different consumer needs, including unsweetened, sweetened, flavored, and fortified options. The market scope is poised for substantial growth, driven by the increasing shift towards plant-based and lactose-free diets across the globe. As per market analysis, the growing popularity of almond milk as a versatile ingredient in cooking, baking, and beverage preparation is further broadening its market scope.
In addition to this, the rapid expansion of organic and non-GMO almond milk offerings is meeting the demand of health-conscious consumers and supporting growth in the market. The ongoing trend of sustainability and environmental awareness is also strengthening the expansion in the market, as almond milk is perceived as an eco-friendlier alternative to traditional dairy products. The market scope is expected to benefit from increased investment in marketing strategies and product visibility, especially through digital and social media channels.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Blue Diamond Growers
- Califia Farms LLC
- Daiya Foods Inc.
- Earth's Own Food Company Inc.
- Hain Celestial Group
- Hiland Dairy Foods
- Malk Organics LLC
- Pacific Foods of Oregon LLC
- Sanitarium
- SunOpta Inc.
- The WhiteWave Foods Company
Almond Milk Market Segmentation:
Our report has categorized the market based on region, type, category, packaging type, application and distribution channel.
Breakup by Type:
- Plain
- Flavored
Breakup by Category:
- Organic
- Conventional
Breakup by Packaging Type:
- Carton
- Glass
- Others
Breakup by Application:
- Beverages
- Frozen Desserts
- Personal Care
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a premier market research enterprise that specializes in providing management strategies and detailed market analysis globally. We engage with a diverse array of clients across various sectors and geographical regions, helping them to pinpoint and capitalize on valuable opportunities, address pivotal challenges, and effectively transform their enterprises.
Our reports deliver insightful information on key market trends, technological advancements, economic shifts, and scientific developments, catering to business leaders in sectors such as pharmaceuticals, industrial technologies, and high-tech organizations. We are experts in forecasting market trends and conducting industry analyses for areas including biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology, ensuring top-tier guidance in these complex fields.
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