Almond Milk Market Trends, Scope, Demand, Opportunity and Forecast by 2025

by Chris jackson Market Research

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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.