Global Almond Milk Market (2021-2026) by Application, Type, Distribution, Packaging, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
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.
IGR Competitive Quadrant
The report includes IGR 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 IGR Positioning Quadrants, Infogence’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
Companies Mentioned
Agriland Farming Company
Almond Ace Packing
BAPU Almonds
Blue Diamond Producers
Califia Farms
Chico Nut Company
Freedom Foods
Harris Family Enterprises
Nutriops
Olam International
Pacific Foods
Pure harvest
RPAC
Sky Hain
South Valley Farms
SunOpta The Bridge
TREEHOUSE ALMONDS
Western Nut Company
WhiteWave Foods
Wonderful Pistachios & Almonds
- 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 IGR 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 IGR 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
Research Assistance
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