Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview: The global almond milk market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2028, exhibiting a growth rate (... もっと見る
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SummaryMarket Overview:The global almond milk market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028. Almond milk is made from an emulsion of blanched almonds, acacia, sugar and water. It is lactose-free and has fewer calories, sugar and phosphorus as compared to conventional milk. Moreover, it is rich in vitamin E and D, and offers numerous health benefits, such as keeping the heart healthy, strengthening bones and muscles, maintaining the level of sugar in the blood, and aids in weight management. Consequently, it finds extensive applications in the food and beverage (F&B) and personal care industries across various regions of the world. At present, almond milk is available in different packaging and flavors, including plain, vanilla, mango and chocolate. The rising cases of lactose intolerance and hypercholesterolemia, along with the increasing health consciousness among individuals, represent as the key factors driving the global almond milk market growth. Additionally, as almond milk is plant-based, it is gaining traction among the vegan population across the globe. It is also being utilized in the preparation of various chocolates, cream liquor and bakery goods that are marketed for the lactose-intolerant population. Moreover, the growing personal care industry on account of changing lifestyles and inflating income levels is further escalating the demand for almond milk-based products around the world. Other than this, with the burgeoning e-commerce sector, leading manufactures operating in the industry are offering their products through online distribution channels as they provide conveniences, such as free shipping and home delivery facilities to consumers. These manufacturers are also offering unique flavors, such as toasted coconut, as well as on-the-go variants. Key Market Segmentation: IMARC Group provides an analysis of the key trends in each sub-segment of the global almond milk market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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 Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa Competitive Landscape: 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. and The WhiteWave Foods Company, etc. Key Questions Answered in This Report 1. What was the size of the global almond milk market in 2022? 2. What is the expected growth rate of the global almond milk market during 2023-2028? 3. What are the key factors driving the global almond milk market? 4. What has been the impact of COVID-19 on the global almond milk market? 5. What is the breakup of the global almond milk market based on the type? 6. What is the breakup of the global almond milk market based on the category? 7. What is the breakup of the global almond milk market based on packaging type? 8. What is the breakup of the global almond milk market based on the application? 9. What is the breakup of the global almond milk market based on the distribution channel? 10. What are the key regions in the global almond milk market? 11. Who are the key players/companies in the global almond milk market? Table of Contents1 Preface2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Almond Milk Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Plain 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Flavored 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Category 7.1 Organic 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Conventional 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Packaging Type 8.1 Carton 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Glass 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Others 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Application 9.1 Beverages 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Frozen Desserts 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Personal Care 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Others 9.4.1 Market Trends 9.4.2 Market Forecast 10 Market Breakup by Distribution Channel 10.1 Hypermarkets and Supermarkets 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Convenience Stores 10.2.1 Market Trends 10.2.2 Market Forecast 10.3 Online Stores 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Others 10.4.1 Market Trends 10.4.2 Market Forecast 11 Market Breakup by Region 11.1 North America 11.1.1 United States 11.1.1.1 Market Trends 11.1.1.2 Market Forecast 11.1.2 Canada 11.1.2.1 Market Trends 11.1.2.2 Market Forecast 11.2 Asia Pacific 11.2.1 China 11.2.1.1 Market Trends 11.2.1.2 Market Forecast 11.2.2 Japan 11.2.2.1 Market Trends 11.2.2.2 Market Forecast 11.2.3 India 11.2.3.1 Market Trends 11.2.3.2 Market Forecast 11.2.4 South Korea 11.2.4.1 Market Trends 11.2.4.2 Market Forecast 11.2.5 Australia 11.2.5.1 Market Trends 11.2.5.2 Market Forecast 11.2.6 Indonesia 11.2.6.1 Market Trends 11.2.6.2 Market Forecast 11.2.7 Others 11.2.7.1 Market Trends 11.2.7.2 Market Forecast 11.3 Europe 11.3.1 Germany 11.3.1.1 Market Trends 11.3.1.2 Market Forecast 11.3.2 France 11.3.2.1 Market Trends 11.3.2.2 Market Forecast 11.3.3 United Kingdom 11.3.3.1 Market Trends 11.3.3.2 Market Forecast 11.3.4 Italy 11.3.4.1 Market Trends 11.3.4.2 Market Forecast 11.3.5 Spain 11.3.5.1 Market Trends 11.3.5.2 Market Forecast 11.3.6 Russia 11.3.6.1 Market Trends 11.3.6.2 Market Forecast 11.3.7 Others 11.3.7.1 Market Trends 11.3.7.2 Market Forecast 11.4 Latin America 11.4.1 Brazil 11.4.1.1 Market Trends 11.4.1.2 Market Forecast 11.4.2 Mexico 11.4.2.1 Market Trends 11.4.2.2 Market Forecast 11.4.3 Others 11.4.3.1 Market Trends 11.4.3.2 Market Forecast 11.5 Middle East and Africa 11.5.1 Market Trends 11.5.2 Market Breakup by Country 11.5.3 Market Forecast 12 SWOT Analysis 12.1 Overview 12.2 Strengths 12.3 Weaknesses 12.4 Opportunities 12.5 Threats 13 Value Chain Analysis 14 Porters Five Forces Analysis 14.1 Overview 14.2 Bargaining Power of Buyers 14.3 Bargaining Power of Suppliers 14.4 Degree of Competition 14.5 Threat of New Entrants 14.6 Threat of Substitutes 15 Price Indicators 16 Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players 16.3.1 Blue Diamond Growers 16.3.1.1 Company Overview 16.3.1.2 Product Portfolio 16.3.2 Califia Farms LLC 16.3.2.1 Company Overview 16.3.2.2 Product Portfolio 16.3.3 Daiya Foods Inc. 16.3.3.1 Company Overview 16.3.3.2 Product Portfolio 16.3.4 Earth's Own Food Company Inc. 16.3.4.1 Company Overview 16.3.4.2 Product Portfolio 16.3.5 Hain Celestial Group 16.3.5.1 Company Overview 16.3.5.2 Product Portfolio 16.3.6 Hiland Dairy Foods 16.3.6.1 Company Overview 16.3.6.2 Product Portfolio 16.3.7 Malk Organics LLC 16.3.7.1 Company Overview 16.3.7.2 Product Portfolio 16.3.8 Pacific Foods of Oregon LLC 16.3.8.1 Company Overview 16.3.8.2 Product Portfolio 16.3.9 Sanitarium 16.3.9.1 Company Overview 16.3.9.2 Product Portfolio 16.3.10 SunOpta Inc. 16.3.10.1 Company Overview 16.3.10.2 Product Portfolio 16.3.10.3 Financials 16.3.10.4 SWOT Analysis 16.3.11 The WhiteWave Foods Company 16.3.11.1 Company Overview 16.3.11.2 Product Portfolio List of Figures Figure 1: Global: Almond Milk Market: Major Drivers and Challenges Figure 2: Global: Almond Milk Market: Sales Value (in Billion US$), 2017-2022 Figure 3: Global: Almond Milk Market: Breakup by Type (in %), 2022 Figure 4: Global: Almond Milk Market: Breakup by Category (in %), 2022 Figure 5: Global: Almond Milk Market: Breakup by Packaging Type (in %), 2022 Figure 6: Global: Almond Milk Market: Breakup by Application (in %), 2022 Figure 7: Global: Almond Milk Market: Breakup by Distribution Channel (in %), 2022 Figure 8: Global: Almond Milk Market: Breakup by Region (in %), 2022 Figure 9: Global: Almond Milk Market Forecast: Sales Value (in Billion US$), 2023-2028 Figure 10: Global: Almond Milk (Plain) Market: Sales Value (in Million US$), 2017 & 2022 Figure 11: Global: Almond Milk (Plain) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 12: Global: Almond Milk (Flavored) Market: Sales Value (in Million US$), 2017 & 2022 Figure 13: Global: Almond Milk (Flavored) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 14: Global: Almond Milk (Organic) Market: Sales Value (in Million US$), 2017 & 2022 Figure 15: Global: Almond Milk (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 16: Global: Almond Milk (Conventional) Market: Sales Value (in Million US$), 2017 & 2022 Figure 17: Global: Almond Milk (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 18: Global: Almond Milk (Carton) Market: Sales Value (in Million US$), 2017 & 2022 Figure 19: Global: Almond Milk (Carton) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 20: Global: Almond Milk (Glass) Market: Sales Value (in Million US$), 2017 & 2022 Figure 21: Global: Almond Milk (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 22: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022 Figure 23: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 24: Global: Almond Milk (Beverages) Market: Sales Value (in Million US$), 2017 & 2022 Figure 25: Global: Almond Milk (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 26: Global: Almond Milk (Frozen Desserts) Market: Sales Value (in Million US$), 2017 & 2022 Figure 27: Global: Almond Milk (Frozen Desserts) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 28: Global: Almond Milk (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022 Figure 29: Global: Almond Milk (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 30: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022 Figure 31: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 32: Global: Almond Milk (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022 Figure 33: Global: Almond Milk (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 34: Global: Almond Milk (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022 Figure 35: Global: Almond Milk (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 36: Global: Almond Milk (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022 Figure 37: Global: Almond Milk (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 38: Global: Almond Milk (Others) Market: Sales Value (in Million US$), 2017 & 2022 Figure 39: Global: Almond Milk (Others) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 40: North America: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 41: North America: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 42: United States: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 43: United States: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 44: Canada: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 45: Canada: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 46: Asia Pacific: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 47: Asia Pacific: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 48: China: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 49: China: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 50: Japan: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 51: Japan: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 52: India: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 53: India: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 54: South Korea: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 55: South Korea: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 56: Australia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 57: Australia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 58: Indonesia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 59: Indonesia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 60: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 61: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 62: Europe: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 63: Europe: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 64: Germany: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 65: Germany: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 66: France: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 67: France: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 68: United Kingdom: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 69: United Kingdom: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 70: Italy: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 71: Italy: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 72: Spain: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 73: Spain: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 74: Russia: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 75: Russia: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 76: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 77: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 78: Latin America: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 79: Latin America: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 80: Brazil: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 81: Brazil: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 82: Mexico: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 83: Mexico: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 84: Others: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 85: Others: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 86: Middle East and Africa: Almond Milk Market: Sales Value (in Million US$), 2017 & 2022 Figure 87: Middle East and Africa: Almond Milk Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 88: Global: Almond Milk Industry: SWOT Analysis Figure 89: Global: Almond Milk Industry: Value Chain Analysis Figure 90: Global: Almond Milk Industry: Porter’s Five Forces Analysis List of Tables Table 1: Global: Almond Milk Market: Key Industry Highlights, 2022 and 2028 Table 2: Global: Almond Milk Market Forecast: Breakup by Type (in Million US$), 2023-2028 Table 3: Global: Almond Milk Market Forecast: Breakup by Category (in Million US$), 2023-2028 Table 4: Global: Almond Milk Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028 Table 5: Global: Almond Milk Market Forecast: Breakup by Application (in Million US$), 2023-2028 Table 6: Global: Almond Milk Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028 Table 7: Global: Almond Milk Market Forecast: Breakup by Region (in Million US$), 2023-2028 Table 8: Global: Almond Milk Market: Competitive Structure Table 9: Global: Almond Milk Market: Key Players
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