Almond
Milk Market: Overview
Almond
Milk is a nothing but a plant milk made from almonds which generally
has a nutty taste and creamy texture. The almond milk is becoming a
widely accepted and popular replacement for the normal dairy milk as
it offers many health benefits such as it helps in weight management,
it makes bones stronger, it helps in digestion, and it acts as a
lactose-free substitute of milk. The healthy diet adopters and vegan
diet followers are the two major groups of customers which are
expected to drive the global almond milk market over the forecast
period. people in developed countries perceive that vegan diet is
good for health, and hence as a result people prefer to consume
almond milk as a substitute for dairy milk.
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Almond
Milk Market: Drivers and Restraints
The
almond milk is one of the popular dairy alternatives which is similar
to normal dairy milk, in terms of texture and flavor, and have
similar nutritional benefits. The global almond milk market is one of
the fastest segment in the non-dairy and vegan milk industry. The
growth in almond milk market is attributed to the awareness about its
health benefits, battle against obesity in developed countries such
as U.S. The new age consumers are demanding high quality, premium
brand, healthy dairy products, which has given a boost for the global
almond milk manufacturers to develop new premium products to meet the
consumers demand. Many manufacturers in developed countries have
started offering of new products such as premium almond milk produced
using artisanal practices which give a unique creamy taste. For the
consumers seeking premium and health beverage products, many retail
stores are coming up with super premium almond milk. The increasing
awareness about the health benefits of dairy alternatives milk is
acting as a key selling proposition for the almond milk globally. The
growth of almond milk market in APEJ regions is attributed to factors
such as increasing number of population affected by lactose
intolerance.
Consumers
are shifting their concern towards organic options of almond milk
because of the increasing health contentiousness, as this organic
almond milk is produced without nay additives or thickeners. The
organic alternatives for almond milk are comparatively expensive than
that of other non-dairy alternatives. The demand for flavored almond
milk is expected to increase during the forecast period owing to the
growing demand for blended, tasty, nutritious, and lactose-free milk
among the consumers.
Almond
Milk Market: Segmentation
On
the basis of Formulation,
- Plain sweetened
- Plain unsweetened
- Flavored sweetened
- Flavored unsweetened
Almond
Milk Market: Region Wise Outlook
The
global
Almond Milk Market is segmented into the seven key regions: North
America, Latin America, Western Europe, and Eastern Europe, Asia
Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa
(MEA). The North America is expected to be the largest market in the
global almond milk market in terms of value. This region is projected
to show it dominance over the forecast period. The increasing number
of people suffering from lactose intolerance is shifting the consumer
preference for healthy dairy alternatives such as almond milk which
is driving the growth of almond milk market in this region. The APEJ
region is also expected to register high growth rate over the
forecast period owing to the consumer focus on gluten free options of
almond milk.
Almond
Milk Market: Key Players
- Blue Diamond Growers
- Califia Farms
- Earth's Own Food Company
- WhiteWave Foods
- Freedom Foods
- Hain Celestial Group
- Hiland Dairy Foods
- Nutriops
- Pacific Foods
- Pureharvest
- Sanitarium Health and Wellbeing
- SunOpta The Bridge
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