Almond Milk Market Scope
Almond Milk is derived from plant milk which is made from almonds, these generally have a crackling nutty taste and smooth & creamy texture. These milk drinks are becoming a popular alternative or replacement for other dairy milk because of its health benefits such as weight management, helps in making bones stronger, and also acts as a lactose-free substitute of milk. The market of almond milk is driving because of two major groups of people namely healthy diet adopters and vegan diet followers. It is seen that Blue Diamond was ranked as the best-selling U.S. almond milk brands with sales amounting to 447.93 million U.S. dollars in 2018.
The market study is being classified by Type (Plain and Flavored), by Application (Daily Food, Food, Beverages and Others) and major geographies with country level break-up.
The market is fragmented with key players such as blue diamond, Milkadamia, and Califia Farms and many other manufacturers are coming up with variety in flavor offerings of the product, which is bringing a surge in demand for almond milk. Moreover, innovative and attractive packaging also adds value to the product growth. Additionally, advertising campaigns carried out by the key players also impact the growth of the market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Almond Milk market throughout the predicted period.
Daiya Foods Inc. (Canada), Blue Diamond Growers (United States), Hain Celestial Group (United States), Whitewave Foods (France), Sunopta Inc. (Canada), Daiya Foods Inc. (Canada), Galaxy Nutritional Foods, Inc. (United States), Tofutti Brands Inc. (United States), So Delicious Dairy Free (United States) and Silk (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Pacific Foods (United States), Milkadamia (United States) and Califia Farms (United States).
AdvanceMarketAnalytics has segmented the market of Global Almond Milk market by Type, Application and Region. On the basis of Type, Flavored are dominating the market in the year 2018 where as Plain stood as second largest market share.
On the basis of application, Beverages segment is dominating the market in the year 2018
On the basis of geography, the market of Almond Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Non-Store Based will boost the Almond Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Formulation, the sub-segment i.e. Plain sweetened will boost the Almond Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Pouches will boost the Almond Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Material, the sub-segment i.e. Carton will boost the Almond Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
November 18, 2018, Tsukuba Dairy Products (Japan) announced its expansion plan by launching more varieties of its flagship premium almond milk in Indonesia and Singapore at the same time. So far, Outside of Japan, the company had a presence in Indonesia only hence, Tokoi revealed more about its plans for expanding its presence to the South East Asian (SEA) market.
- Adoption of Almond Milk Consumption in Vegan Diet
- Innovating New Products Such as Premium Almond Milk
- Increasing Awareness about Its Health Benefits
- Rising Battle against Obesity in Developed Countries Such as the United States
- Increasing High Demand for Quality Product Coupled with Healthy Dairy Products
- Increasing Number of Population Affected by Lactose Intolerance
- Rising Demand for Flavored Almond Milk
- High Cost of Almond Milk
- Availability of Substitutes Present in Market
- Concern Related to Counterfeit Products
Key Target AudienceFood and beverages, Cosmetic industry, Personal care manufacturers, Retailers, wholesaler, and distributors, E-commerce and Traders, importers, and exporters
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