Almond Milk Market Trends, Scope, Demand, Opportunity and Forecast by 2025 IMARC Group
The global almond milk market grew at a CAGR of around 14% during 2014-2019. Looking forward, IMARC Group expects the market to continue to exhibit strong growth during 2020-2025. Almond milk is a plant-based dairy alternative that is made with an emulsion of blanched almonds, acacia, sugar and water. It is a rich source of vitamin E and omega-3 fatty acids, which offer multiple health benefits, such as improving digestion, strengthening bones and weight management.
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The growing acceptance of almond milk as an alternative to other dairy products by the vegan population represents the primary growth-inducing factor. This can be attributed to the increasing health consciousness, along with the rising prevalence of lactose intolerance and hypercholesterolemia among individuals. Apart from this, almond milk finds applications in various products, ranging from beverages, frozen desserts to chocolates, cream liquor, and bakery products. Moreover, several cosmetic manufacturers use almond milk to formulate face creams and hair care products to prevent hair graying and keep the skin free from blemishes. These factors are expected to create a positive outlook for the market in the coming years.
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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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.
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Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Magna International, Toray Industries, Covestro AG, ArcelorMittal, thyssenkrupp AG, Alcoa Corporation, Bayer AG, Saudi Arabia Basic Industries Corporation (SABIC), PPG Industries, LyondellBasell, Novelis, Owens Corning Corporation, Grupo Antolin, etc.
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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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