The Global Almond Milk Market is projected to reach USD 15.73 billion by 2027. The market is fueled by the rising trend of consuming dairy based cereal alternatives, and growing practices of vegan diet, concerns about antibody residues, or growth hormones in animal milk. The product is often highly preferred by the patients who suffer from radioiodine cancer, eczema, eyesight problem, weaker bone density, hypercholesterolemia, and allergic to dairy based products. More than 16% European consumers try avoiding dairy products for these aids and cholesterol issues. Almond Milk has been a great alternatives, and many almond based food beverage products are being produced to support the demand chain formed by the consumers.
Silk almond, almond consumption, silk unsweetened almond ingredients, silk almond vanilla, silk dark chocolate almond, almond recipe vitamix, creamy almond, almond recipe Indian, almond nutrition, almond milk compared to skim milk, almond milk compared to cow milk, almond milk calories, unsweetened almond nutrition, silk almond chocolate, silk almond creamer, silk almond protein, silk almond organic, non-dairy milk market, and nut milk market, to name a few are the hugely demanding topics and factors the end-users are concerned about and have been influencing the market growth in many ways, have been additionally discussed in details in the report.
Additionally, growing concerns with weight management, emphasis on weight loss maintenance, importance on the blood sugar spike control are some of the factors that have been creating an overall enforcement in the market. Beside, high calcium and Vitamin E, Vitamin D with riboflavin, calories, the Almond Milk have been very effective on enhancing antioxidant degree, providing low sugar calorie content, working as an efficient source of calcium, providing high bone density, digestive health weight management.
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Further key findings from the report suggest
- The overall nutritional supplement sales for children are expected to rise during the forecast period. It was observed that Chinese and Indian parents were willing to spend relatively large amounts of money on the health of their children in relation to family income.
- A new trend emerging in the dietary supplements market is the need to use organic or sustainable ingredients. This trend is being driven by two fundamental shifts in this industry: the need to consume ‘healthier’ ingredients and consumers’ increasing concerns for sourcing ‘sustainable’ products
- Variations in the price of the upstream product are expected to influence the production cost of organic Almond. The cost of production is also an important factor which could affect the market price.
- Nutraceuticals Baby Food sub-segment had a market share of 28.6% in 2019 due to its remarkable usage of the Almond based formulation for making end-use baby food products nutritional additives.
- In October 2019, Blue Diamond, a US-based co-operative launched a new beverage portfolio comprising Almond extract, naming Almond Breeze Almondmilk in Mexican Hot Chocolate flavor.
- In April 2018, Starbucks India introduced its almond milk line ups to its non-dairy milk roster. Due to the huge demand for the plant-based alternatives of dairy, the Seattle-based coffee house chain launched this product line up in India.
Key participants include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy Nutritional Foods, Inc., Nature's Choice B.V., and Vitasoy Australia Products Pty. Ltd., among others.
For the purpose of this report, Reports and Data have segmented into the global on the basis of sales channel, form, end-use verticals, and region:
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Supermarket Hypermarket
- Online Retails
- Others
Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Powder
- Liquid
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Food Beverages
- Nutraceuticals Baby Food
- Personal Care
- Pharmaceuticals
- Others
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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Key questions answered by the report
- At what rate will the market grow? What will be the value of the market in 2027?
- What are the key factors driving the market?
- What is the leading region that adds to the highest market valuation in the market?
- What are the strategies adopted by major players in the industry?
- Who are the key players in the market in different sectors?
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