Almond Milk Market Analysis, Size, Share, Growth, Trends And Forecast, 2030
Global
Almond Milk Market
report added by Reports and Data provides insights into the current market
scenario with regards to sales, growth rate, market share, and market size. The
investigative research report offers a complete analysis of the challenges,
restraining factors, market growth prospects, technological and product
advancements, R&D developments, threats, and investment opportunities in
the global market. The report also covers fundamental aspects of the Almond Milk market inclusive
of lucrative business approaches, market demands, prominent players of the
industry, and a futuristic outlook for the market for the forecast period of
2022-2030. The report also offers insights into how the market revenue is
expanding in domestic and international markets and contributing to global
economy.
The
Global Almond Milk Market is projected to reach USD 19.72 billion by
2030. The market is fueled by the rising trend of consuming dairy based cereal
alternatives, and growing practices of vegan diet, concerns about antibody
residues, or growth hormones in animal milk. The product is often highly
preferred by the patients who suffer from radioiodine cancer, eczema, eyesight
problem, weaker bone density, hypercholesterolemia, and allergic to dairy based
products. More than 16% European consumers try avoiding dairy products for
these aids and cholesterol issues. Almond Milk has been a great alternative,
and many almond based food & beverage products are being produced to
support the demand chain formed by the consumers.
Market
Overview:
Over
the last 50 years, the food business has expanded significantly to fulfil the
requirements of the population and to adapt to changing lifestyles. Because it
has socioeconomic and health implications, the consumption of ready-to-eat
foods makes food an important problem. Food scientists and the food industry
are reacting by developing strategies and technology for speedy, sensitive,
reliable, and cost-effective analytical methodologies that lead to less food
waste and improved nutrition, as well as better business for the food and
beverage sector as a whole.
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Key Players:
Key
participants include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc.,
Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group,
Galaxy Nutritional Foods, Inc., Nature's Choice B.V., and Vitasoy
Australia Products Pty. Ltd., among others.
Further
Key Findings From The Report Suggest:
- The overall
nutritional supplement sales for children are expected to rise during the
forecast period. It was observed that Chinese and Indian parents were
willing to spend relatively large amounts of money on the health of their
children in relation to family income.
- A new trend
emerging in the dietary supplements market is the need to use organic or
sustainable ingredients. This trend is being driven by two fundamental
shifts in this industry: the need to consume ‘healthier’ ingredients and
consumers’ increasing concerns for sourcing ‘sustainable’ products
- Variations in
the price of the upstream product are expected to influence the production
cost of organic Almond. The cost of production is also an important factor
which could affect the market price.
- Nutraceuticals
& Baby Food sub-segment had a market share of 28.6% in 2019 due to its
remarkable usage of the Almond based formulation for making end-use baby
food products & nutritional additives.
- In October
2019, Blue Diamond, a US-based co-operative launched a new beverage
portfolio comprising Almond extract, naming Almond Breeze Almond milk in
Mexican Hot Chocolate flavor.
- In April
2018, Starbucks India introduced its almond milk line ups to its non-dairy
milk roster. Due to the huge demand for the plant-based alternatives of
dairy, the Seattle-based coffee house chain launched this product line up
in India.
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In
addition to corporate strategy, Almond Milk market throws light on different
properties to curb the progress of fuel or industry. The focus is more on
applicable sales strategies to increase the company’s productivity to achieve
higher economic performance. It also covers research and development activities,
online and offline activities, the latest product launches, and some of the
competitive expansion adopted by major global companies. Research reports use
effective graphical presentation techniques such as tables, charts, graphs,
diagrams, and info graphics.
Market
Segmentation:
For
the purpose of this report, Reports and Data have segmented into the global on
the basis of sales channel, form, end-use verticals, and region:
Application
Insights (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
- Frozen
Desserts
- Beverages
- Personal Care
- Others
Distribution
Channels Insights (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
- Supermarkets/Hypermarkets
- Convenience
Stores
- Online Retail
Regional
Insights (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
& Africa
Reasons
For Buying This Report:
- This report provides
pin-point analysis for changing competitive dynamics
- It provides a
forward-looking perspective on different factors driving or restraining
market growth
- It provides a
six-year forecast assessed on the basis of how the market is predicted to
grow
- It helps in
understanding the key product segments and their future
- It provides pin
point analysis of changing competition dynamics and keeps you ahead of
competitors
- It helps in making
informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
- PEST analysis of the
market in the five major regions.
Thank you for reading this article. You can also get
chapter-wise sections or region-wise report coverage for North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
Browse More Reports:
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& Handling Equipments Market @ https://www.globenewswire.com/news-release/2019/10/21/1932797/0/en/Food-Processing-Handling-Equipments-Market-to-Reach-USD-207-6-Billion-By-2026-Reports-And-Data.html
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