According to 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 industry, which comprises insights on almond milk industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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 is a plant-based beverage prepared from ground almonds and water. It serves as a popular alternative to dairy milk, offering a lactose-free option for those with dietary restrictions or preferences. The process of making almond milk involves soaking almonds in water, blending them, and then straining the mixture to remove solids. This results in a smooth, nutty-flavored liquid that is often fortified with vitamins and minerals to enhance its nutritional value. Common additions include calcium, vitamin D, and vitamin E, aligning its nutritional profile more closely with that of cow’s milk. Almond milk is low in calories and contains no cholesterol, making it a favorable choice for heart health and weight management. Its versatility extends beyond drinking as it is widely used in cooking and baking, acting as a substitute for dairy milk in recipes ranging from smoothies to baked goods.
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Market Trends:
The rising consumer awareness regarding health benefits associated with almond milk, such as its low calorie content, absence of cholesterol, and richness in vitamins D and E, is driving the global market. Furthermore, the increasing incidence of obesity and chronic diseases such as cardiovascular diseases and diabetes has led consumers to seek healthier dietary options. Almond milk’s profile as a heart-healthy, low-glycemic index beverage makes it an appealing choice. The market expansion is also bolstered by continuous product innovation by manufacturers who are introducing a variety of flavors and fortified products, enhancing consumer appeal, and expanding usage in different culinary applications. Environmental sustainability also plays a crucial role in augmenting the almond milk market. Additionally, the global expansion of retail infrastructure and the increasing availability of almond milk across supermarkets, health food stores, and online platforms have improved consumer access to the product, thereby supporting the market growth. Promotional strategies and the involvement of celebrities and influencers in endorsing plant-based diets have further amplified consumer interest and acceptance of almond milk.
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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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