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Almond Milk Market - Forecasts from 2019 to 2024

  • ID: 4801736
  • Report
  • 112 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • Blue Diamond Growers
  • Califia Farms
  • Daiya Foods Inc.
  • Freedom Foods Groups Ltd.
  • Hain Celestial Group
  • Hiland Dairy
  • MORE
The almond milk market is projected to grow at a CAGR of 9.75% to reach US$6.536 billion by 2024 from US$3.740 billion in 2018. Almond milk refers to the plant-based milk produced from almonds, it has various nutritional benefits. Furthermore, almond milk has no cholesterol and is also free from casein as well as lactose, it is a great alternative to dairy-based products especially for people who are lactose intolerant. According to the National Library of Medicine (NLM), approximately 65 percent of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance in adulthood is most prevalent in people of East Asian descent, affecting more than 90 percent of adults in some of these communities. Additionally, unsweetened almond milk has a lower calorie content than compared to its plant-based counterpart soy milk as well as from cow’s milk, as a result, people who are conscious about their health prefer it which will influence the growth of the market making it one of the key drivers during the forecast period. However, the availability of substitute products such as plant-based milk such as soy and rice milk as well as cow milk is impacting almond milk’s growth in the market.

Drivers
  • Rising prevalence of lactose intolerance.
  • Growing health concerns
Restraints
  • Availability of substitutes
Industry Update
  • In June 2019, Blue Diamond added a new product to its product line i.e. the Almond Breeze® product line with the addition of Almond Breeze Almond milk Horchata, as a dairy alternative.
  • In June 2019, Almond Breeze introduced a new plant-based almond milk yogurt as an alternative to the traditional dairy yogurt.
Major industry players profiled as part of the report are Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., and Blue Diamond Growers among others.

Segmentation

The almond milk market has been analyzed through the following segments:

By Type
  • Unsweetened
  • Sweetened
  • Flavored
  • Low Fat
  • Non-Fat
By Distribution Channel
  • Online
  • Offline
By Packaging Material
  • Glass
  • Carton
  • Others
By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Blue Diamond Growers
  • Califia Farms
  • Daiya Foods Inc.
  • Freedom Foods Groups Ltd.
  • Hain Celestial Group
  • Hiland Dairy
  • MORE
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. ALMOND MILK MARKET BY TYPE
5.1. Unsweetened
5.2. Sweetened
5.3. Flavored
5.4. Low Fat
5.5. Non-Fat

6. ALMOND MILK MARKET BY DISTRIBUTION CHANNEL
6.1. Online
6.2. Offline

7. ALMOND MILK MARKET BY PACKAGING MATERIAL
7.1. Glass
7.2. Carton
7.3. Others

8. ALMOND MILK MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others

9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players

10. COMPANY PROFILES
10.1. Daiya Foods Inc.
10.2. Hain Celestial Group
10.3. Whitewave Foods
10.4. Sunopta Inc.
10.5. Blue Diamond Growers
10.6. Califia Farms
10.7. Freedom Foods Groups Ltd.
10.8. Pureharvest
10.9. Pacific Foods of Oregon, LLC.
10.10. Hiland Dairy
Note: Product cover images may vary from those shown
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  • Daiya Foods Inc.
  • Hain Celestial Group
  • Whitewave Foods
  • Sunopta Inc.
  • Blue Diamond Growers
  • Califia Farms
  • Freedom Foods Groups Ltd.
  • Pureharvest
  • Pacific Foods of Oregon, LLC.
  • Hiland Dairy
Note: Product cover images may vary from those shown
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The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.

 

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