According to the latest report by IMARC Group, titled “Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," finds that the global almond milk market size reached US$ 6.46 Billion in 2020. Almond milk is a dairy milk substitute made from presoaked almonds, water, sugar and acacia. It has a white, creamy texture with a nutty taste. Commercially, almond milk is produced in sweetened and unsweetened forms and various flavors, such as vanilla, chocolate, and strawberry. It is a rich source of vitamins E and D, magnesium, antioxidants, and omega-3 fatty acids. The consumption of almond milk helps strengthen bones and muscles, maintain blood sugar levels, prevent osteoporosis, and lower the risk of Alzheimer's disease.Get a sample copy of this Report: www.imarcgroup.com/almond-milk-market/requestsample
Global Almond Milk Market Trends:
One of the key factors driving the global almond milk market is the rising incidences of lactose intolerance and hypercholesterolemia. Besides this, increasing health-consciousness and awareness regarding animal welfare has encouraged consumers to adopt veganism and incorporate plant-based milk, such as almond milk, in their regular diets, which is supporting the market growth. With easy availability across the offline and online retail channels, market players have been able to reach a broader consumer base, which has further led to the market growth. Moreover, almond milk is extensively employed in the cosmetics industry to formulate face creams and hair care products, which is creating a positive outlook for the market. Looking forward, the market value is expected to exceed US$ 12.28 Billion by 2026, expanding at a CAGR of 12.31% during 2021-2026.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Blue Diamond Growers
Califia Farms LLC
Daiya Foods Inc.
Earth's Own Food Company Inc.
Hain Celestial Group
Hiland Dairy Foods
Malk Organics LLC
Pacific Foods of Oregon LLC
Sanitarium
SunOpta Inc.
The WhiteWave Foods Company
Almond Milk Market Segmentation:
Our report has categorized the market based on region, type, category, packaging type, application and distribution channel.
Breakup by Type:
Plain
Flavored
Breakup by Category:
Organic
Conventional
Breakup by Packaging Type:
Carton
Glass
Others
Breakup by Application:
Beverages
Frozen Desserts
Personal Care
Others
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Convenience Stores
Online Stores
Others
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