Almond Milk Market is worth USD 15.99 Billion in 2023 and is estimated to grow at a CAGR of 14.2% in the forecasted period. The forecast revenue hints at a growth of around 40.52 billion USD by 2030.
Almond Milk Market Overview:
The worldwide Almond Milk Market Research is a specialist and in-depth examination of the Almond Milk industry, with an emphasis on the global market trend. Furthermore, the competitive analysis regarding various parameters in a specific direct competition, and indirect competition, the strengths and weaknesses of major competitors, the price, a revenue, the gross profit margin, an interview record, a business distribution, entry barriers, and opportunity windows are provided within the report back to help the buyer better understand the competitors.
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Almond Milk Market Scope:
The global “Almond Milk Market” research examines major industry elements such as advancement, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmental study focuses on revenue and forecast by region, kind, and application. This research examines the market size, development status, and prognosis, as well as a company profile. It also gives facts on the competitive environment as well as statistics from the top significant companies.
Almond Milk Market Drivers:
One of the most important growth drivers has been Rise in vegan and Lactose-intolerant population. Veganism and lactose sensitivity amongst people have directly contributed in decision making of the consumers. Global Data anticipated 6.1 million US vegans in 2023. Thus, Almond milk has become a popular choice among these consumers due to its plant-based origin and similar texture to dairy milk. Almond milk is soy, and gluten-free which makes it a healthy choice. Almond milk is safe for people with food allergies and sensitivities as they grow increasingly common.
Different flavours have enhanced options for consumers which has driven the growth. Flavoured and fortified almond milk products have innovated the almond milk industry. To satisfy consumer tastes, manufacturers provide vanilla, chocolate, and unsweetened products. Almond milk is the most popular plant-based milk in the United States, with sales increasing by 25% in 2023. Awareness and Celebrity endorsements have made sure that the popularity of almond milk increases in youth. The endorsement of almond milk by celebrities and influencers, coupled with the power of social media, has helped raise awareness and drive consumer interest. Influencers often promote almond milk as part of a healthy lifestyle, further fuelling its popularity.
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Almond Milk Market Segmentation:
by Type
Plain
Flavoured
by Category
Organic
Conventional
by Application
Beverages
Frozen desserts
Personal care
by Distribution Channel
Hypermarkets
Convenience Stores
Online stores
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Almond Milk Market Key Players:
Global Almond Milk Market data includes company profiles, product images and specifications, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and instruments, as well as downstream demand assessments, are also provided. Global Almond Milk market development patterns and marketing methods are investigated. Finally, the viability of the most recent investment proposals is evaluated, and overall analytical findings are provided.
1. Blue Diamond Growers (United States)
2. Now Foods (United States)
3. Dr. Adorable (United States)
4. Vigon International (United States)
5. Essential Depot (United States)
6. The Lebermuth Company (United States)
7. Mountain Rose Herbs (United States)
8. Flora (Canada)
9. Frontier Co-op (United States)
10. Jedwards International (United States)
11. Aura Cacia (United States)
12. Baja Precious (Mexico)
13. Essential Depot (United States)
14. Alteya Organics (Bulgaria)
15. Caloy (Spain)
16. NHR Organic Oils (United Kingdom)
17. Pödör Premium Oils and Vinegars (Hungary)
18. Rustic Art (India)
19. K. K. Enterprise (India)
20. AROMAAZ International (India)
21. AOS Products Private Limited (India)
22. Elixir Naturals (India)
23. Ashwin Fine Chemicals & Pharmaceuticals (India)
24. Go Native (New Zealand)
25. Hunza Organic Foods (Pakistan)
Almond Milk Market Regional Analysis:
The study report is divided into groups based on region, manufacturer, type, and application. Each category offers production data for the anticipated period . The consumption by Application section is also provided for the predicted. Understanding the categories aids in determining the significance of various elements that contribute to market growth.
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Key Questions Answered in the Almond Milk Market Report are:
- What will be the CAGR of the Almond Milk market during the forecast period ?
- Which segment emerged as the leading segment in the Almond Milk market?
- Which are the main players in the Almond Milk market?
- What key trends are likely to emerge in the Almond Milk market in the coming years?
- What will be the Almond Milk market size ?
- Which company held the largest share in the Almond Milk market?
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