Global Almond Milk Market (2021-2026) by Application, Type, Distribution, Packaging, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Almond Milk Market is estimated to be USD 6.5 Bn in 2020 and is expected to reach USD 13.55 Bn by 2026, growing at a CAGR of 12.3%.

Market Dynamics

The Global Almond Milk Market is being driven by rising cases of lactose intolerance and hypercholesterolemia and an increase in health consciousness among individuals. Almond milk is also gaining popularity among vegans worldwide because it is plant-based. Almond milk is produced with blanched almonds, acacia, sugar, and water in an emulsion. It is lactose-free and contains fewer calories, sugar, and phosphorus than regular milk. It's also high in vitamin E and D, and it has a long list of health benefits, including protecting the heart, building bones and muscles, controlling blood sugar, and aiding digestion.

However, the high cost of Almond milk and lack of awareness among the masses is hindering its growth.

Market Segmentation

The Global Almond Milk Market is segmented further based on Application, Type, Distribution, Packaging, and Geography.

By Application, the market is classified into Beverages, Frozen Desserts, and Personal Care. The beverages application segment accounted for the largest market share of the global almond milk market.

By Type, the market is classified as Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened. Flavored Sweetened Segment holds the maximum market share during the forecast period.

By Distribution, the market is classified as Hypermarkets & Supermarkets, Convenience Stores, Online. Hypermarkets & Supermarkets segment accounted for the largest market share of the global almond milk market.

By Packaging, the market is classified as Carton, Glass, and Others. Carton packaging has the largest market share of the almond milk market.

By Geography, North America is projected to lead the market.

Recent Developments

1. Plant-based Milk Market to Surpass US$ 30 Bn by 2029. - 19th August 2021
2. Almond Ace Named Among Top 2 'Quality Leaders' in Europe. - 9th May 2021

Company Profiles

Some of the companies covered in this report are Agriland Farming, Blue Diamond, Nutriops, Olam International, Western Nut Company, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Almond Milk Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

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Frequently Asked Questions about the Global Almond Milk Market

What is the estimated value of the Global Almond Milk Market?

The Global Almond Milk Market was estimated to be valued at $6500 Million in 2021.

What is the growth rate of the Global Almond Milk Market?

The growth rate of the Global Almond Milk Market is 15.8%, with an estimated value of $13550 Million by 2026.

What is the forecasted size of the Global Almond Milk Market?

The Global Almond Milk Market is estimated to be worth $13550 Million by 2026.

Who are the key companies in the Global Almond Milk Market?

Key companies in the Global Almond Milk Market include Agriland Farming Company, Almond Ace Packing, BAPU Almonds, Blue Diamond Producers, Califia Farms, Chico Nut Company, Freedom Foods, Harris Family Enterprises, Nutriops and Olam International.

Report Attribute	Details
No. of Pages	183
Published	December 2021
Forecast Period	2021 - 2026
Estimated Market Value ( USD ) in 2021	$ 6500 Million
Forecasted Market Value ( USD ) by 2026	$ 13550 Million
Compound Annual Growth Rate	15.8%
Regions Covered	Global
No. of Companies Mentioned	20

1 Report Description

1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2 Research Methodology

2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary

3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook

4 Market Influencers

4.1 Drivers
4.1.1 Increase in Cases of Lactose Intolerance and Hypercholesterolemia
4.1.2 Growing Demand of Plant Based Product
4.1.3 Increasing Number of Health Conscious Consumers
4.2 Restraints
4.2.1 Premium Prices of Almond Milk
4.2.2 Fluctuating Cost of Almonds Throughout Year
4.2.3 Water Use and Pesticide Use are Issues Linked with Almond Milk Production
4.3 Opportunities
4.3.1 Bakery, Cream Liquor, and Chocolates are Some of The Other Applications
4.3.2 Veganism is Catching on in Developing Countries.
4.3.3 Demand for Plant-Based Foods is Increasing as a Result of COVID.
4.4 Challenges
4.4.1 Lack of Awareness about Almond Milk
4.4.2 The Almond Sector as a Whole is Highly Competitive

5 Market Analysis

5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Almond Milk Market, By Application

6.1 Introduction
6.2 Beverages
6.3 Frozen Desserts
6.4 Personal Care
6.5 Others

7 Global Almond Milk Market, By Distribution

7.1 Introduction
7.2 Hypermarkets & Supermarkets
7.3 Convenience Stores
7.4 Online

8 Global Almond Milk Market, By Type

8.1 Introduction
8.2 Plain sweetened
8.3 Plain unsweetened
8.4 Flavoured sweetened
8.5 Unflavoured unsweetened

9 Global Almond Milk Market, By Packaging

9.1 Introduction
9.2 Carton
9.3 Glass
9.4 Others

10 Global Almond Milk Market, By Geography

10.1 Introduction
10.2 America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Canada
10.2.4 Chile
10.2.5 Colombia
10.2.6 Mexico
10.2.7 Peru
10.2.8 United States
10.2.9 Rest of Americas
10.3 Europe
10.3.1 Austria
10.3.2 Belgium
10.3.3 Denmark
10.3.4 Finland
10.3.5 France
10.3.6 Germany
10.3.7 Italy
10.3.8 Netherlands
10.3.9 Norway
10.3.10 Poland
10.3.11 Russia
10.3.12 Spain
10.3.13 Sweden
10.3.14 Switzerland
10.3.15 United Kingdom
10.3.16 Rest of Europe
10.4 Middle East and Africa
10.4.1 Egypt
10.4.2 Israel
10.4.3 Qatar
10.4.4 Saudi Arabia
10.4.5 South Africa
10.4.6 United Arab Emirates
10.4.7 Rest of MEA
10.5 Asia-Pacific
10.5.1 Australia
10.5.2 Bangladesh
10.5.3 China
10.5.4 India
10.5.5 Indonesia
10.5.6 Japan
10.5.7 Malaysia
10.5.8 Philippines
10.5.9 Singapore
10.5.10 South Korea
10.5.11 Sri Lanka
10.5.12 Thailand
10.5.13 Taiwan
10.5.14 Rest of Asia-Pacific

11 Competitive Landscape

11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements

12 Company Profiles

12.1 Agriland Farming Company
12.2 Almond Ace Packing
12.3 BAPU Almonds
12.4 Blue Diamond Producers
12.5 Califia Farms
12.6 Chico Nut Company
12.7 Freedom Foods
12.8 Harris Family Enterprises
12.9 Nutriops
12.10 Olam International
12.11 Pacific Foods
12.12 Pure harvest
12.13 RPAC
12.14 Sky Hain
12.15 South Valley Farms
12.16 SunOpta The Bridge
12.17 TREEHOUSE ALMONDS
12.18 Western Nut Company
12.19 WhiteWave Foods
12.20 Wonderful Pistachios & Almonds

13 Appendix

13.1 Questionnaire