Global Almond Milk Market 2016-2020
About Almond Milk
Almond milk has emerged as a popular dairy-alternative milk. Over the last few years, the demand for almond milk has increased significantly, especially in North America and Europe. Almond milk has emerged as a good substitute for dairy milk owing to its flavor and blending capability. Almond milk is naturally free from lactose and is also low in calories. Almond milk is also utilized as a base for smoothies, effectively blends with hot and cold beverages such as tea or coffee, and is a good substitute for milk even for baking purposes.
Technavio’s analysts forecast the global almond milk market to grow at a CAGR of 15.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global almond milk market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of almond milk in the key geographical regions.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Almond Milk Market 2016-2020
Technavio recognizes the following companies as the key players in the global almond milk market: Blue Diamond Growers, Califia Farms, Earth's Own Food, and WhiteWave Foods.
Other prominent vendors in the market are: Freedom Foods, Hain Celestial Group, Hiland Dairy Foods, Nutriops, Pacific Foods, Pureharvest, Sanitarium Health and Wellbeing, SunOpta, and The Bridge.
Commenting on the report, an analyst from Technavio’s team said: “Consumer focus shifting toward organic variants of almond milk will be one of the major trends in the market”.
According to the report, the rising levels of lactose intolerance will be one of the major factors that will drive the growth of the market.
Further, the report states that environmental concerns with almond production will be one of the major challenges influencing market growth.
Blue Diamond Growers, Califia Farms, Earth's Own Food, WhiteWave Foods, Freedom Foods, Hain Celestial Group, Hiland Dairy Foods, Nutriops, Pacific Foods, Pureharvest, Sanitarium Health and Wellbeing, SunOpta, The Bridge.