Global Almond Milk Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Almond Milk Market is estimated to be USD 9.21 Bn in 2023 and is expected to reach USD 16.46 Bn by 2028 growing at a CAGR of 12.32%.

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 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 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