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 report. 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 increasing prevalence of lactose intolerance and dairy allergies is driving the global market. Moreover, the growing awareness of the health benefits associated with almond milk, including its low-calorie content and high nutritional value, has further propelled market expansion. The rising trend of veganism and plant-based diets also plays a crucial role in augmenting the market demand.
Furthermore, the convenience and extended shelf life of almond milk products are attracting a wider consumer base. Additionally, continual advancements in flavor and product variety are enhancing consumer appeal and market penetration. The rise in marketing efforts and promotional activities by key market players is also driving consumer awareness and adoption. Besides, the increasing availability of almond milk across various retail channels, including online platforms, is facilitating greater market accessibility.
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Almond Milk Market Scope and Growth Analysis:
The market scope is expanding due to the expanding product portfolio, including flavored and fortified almond milk options, which cater to diverse consumer preferences, thus widening the market reach. Furthermore, emerging innovations in packaging and distribution strategies are enhancing product visibility and accessibility, thereby supporting market growth. The rise of health-conscious consumers and their preference for natural and organic products are expected to continue driving the demand for almond milk.
Additionally, collaborations and partnerships among key industry players are fostering innovation and expanding the market presence. The increasing focus on sustainable and ethical sourcing of almonds is also anticipated to attract environmentally conscious consumers, thus boosting market scope. The proliferation of almond milk in emerging markets, driven by rising disposable incomes and urbanization, represents a significant growth opportunity. Moreover, the incorporation of almond milk in various culinary applications and the food service industry is further broadening its market scope. The continuous efforts in research and development to improve product quality and nutritional content are likely to enhance consumer satisfaction and loyalty, thereby ensuring sustained market growth.
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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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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