A recent report published by Infinium Global Research on almond milk market provides an in-depth analysis of segments and sub-segments in the global as well as regional almond milk market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional almond milk market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global almond milk market. According to the report, the global almond milk market is projected to grow at a CAGR of 14.9% over the forecast period of 2018-2024.
Almond milk is plant-based milk prepared from almonds. It is made by blending almonds with water and then straining the mixture to remove the solids. It can also be made by adding water to almond butter. It is a substitute for animal-based milk products. It is derived from almond and is lactose and casein free and rich in several healthy nutrients. It is a low-calorie beverage for which it is gaining momentum among a large number of consumers. Commercial almond milk is available in various flavors and is usually enriched with vitamins, minerals, or proteins by the manufacturers. It is an alternative to rice milk also and doesn’t cause problems with hormone levels like soy milk does.
Almond milk has health benefits such as nutritious, low in calories, and high in vitamin D. Unsweetened almond milk doesn't raise blood sugar that drives the growth of the market. Awareness about health benefits of almond milk is increasing among the consumers that fueling market growth. As a milk substitute, almond milk is popular with people who are lactose intolerant, allergic to gluten, have heart disease or simply want to reduce their consumption of animal products. Beverages industry is experiencing substantial growth over the last few years. Dairy-based beverages products are gaining traction both in developed and developing economies. Due to the increasing population coupled with the per capita, disposable income is anticipated to fuel the market. Almond milk has some disadvantages such as it is poorly absorbed by the body and it is not healthy and safe for patients with thyroid conditions that hamper the growth of the market. The consolidation and market concentration of foodservice industry creates a multitude of opportunities for the market growth of almond milk market.
Among the geographic region, North America has the largest market based on increasing consumption of on-the-go beverages. The increasing number of people suffering from diabetes and other chronic diseases which is driving the growth of almond milk market in this region. The major markets in the US and Canada backed by the presence of large lactose intolerance population provide impetus to the growth of the regional market. The Asia-Pacific region is the fastest growing region in the market. Growing awareness regarding plant-based milk products and the health beneficial properties associated with almond milk is driving the growth of the market in this region.
The report on global almond milk market covers segments such as type, packaging material, and distribution channel. On the basis of type, the sub-markets include plain and flavored. On the basis of packaging material, the sub-markets include carton, glass, and others. On the basis of the distribution channel, the sub-markets include non store based, and store based.
The report provides profiles of the companies in the market such as Pureharvest, Galaxy Nutritional Foods, Inc., Pacific Foods of Oregon, Inc., The Hain Celestial Group, Inc., Hiland Dairy Foods Company, LLC, Blue Diamond Growers, Inc., Sanitarium, Califia Farms LP, SunOpta Inc., and Danone US, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of almond milk market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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