Almond Milk Market - Forecasts from 2019 to 2024
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.
Segmentation
The almond milk market has been analyzed through the following segments:
- 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.
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
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
LIST OF FIGURES
LIST OF TABLES
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
LIST OF FIGURES
LIST OF TABLES
