Market Growth are Expected to Drive 8.8% CAGR Growth in the Almond Milk Market by 2032

The global almond milk market is set to reach US$ 5 Bn. With sales growing at a 8.8% CAGR, pushing the market size to US$ 11.9 Bn by 2032.

Increasing demand for dairy alternatives across the globe due to high prevalence of lactose-intolerance among individuals across the globe is expected to drive sales in the market over the forecast period.

Almond milk has a creamy and nutty texture, contains high amounts of calcium and vitamins and can be used in a wide variety of dishes. Rising awareness of the health benefits of almond milk is making it a preferred choice among health-conscious consumers.

The almond milk market is one of the fastest-growing non-dairy and vegan milk segments. Consumers are seeking high-quality, premium-brand, nutritious dairy products, which is compelling manufacturers to launch innovative and premium-label products. This is expected to augment demand in the market over the forecast period.

“Growing preference for organic and non-GMO food and beverages across the globe, along with increasing sales of dairy alternatives through online channels will drive the market over the forecast period,” says an FMI analyst.

Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14557

Key Takeaways:

  • Sales of almond milk in China are expected to grow at a CAGR of 8.8% during the forecast period.
  • Demand for almond milk in the U.S. market will increase at a 7.7% CAGR over the assessment period.
  • Based on end use, demand in the food & beverage sector will continue gaining traction through 2032.
  • In terms of distribution channel, the online stores segment will account for a lion’s share of the almond milk market.
  • In 2022, the powder sub-segment is projected to account for a dominant share in the market.

Competitive Landscape

Some of the key players operating in the almond milk market include Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., Blue Diamond Growers, Galaxy Nutritional Foods, Inc., Tofutti Brands Inc, Califia Farms LLC, Earth’s Own Food Company Inc., Hiland Dairy Foods, Malk Organics LLC, Pacific Foods of Oregon LLC, etc.

Almond Milk Market by Category

By Type:

  • Plain
  • Flavoured

By Category:

  • Organic
  • Conventional

By Packaging Type:

  • Carton
  • Glass
  • Others

By Application:

  • Beverages
  • Frozen Desserts
  • Personal Care
  • Others

By Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Stores

Request Customization of the report @ https://www.futuremarketinsights.com/customization-available/rep-gb-14557

The report covers exhaustive analysis on:

  • At what rate will the Almond Milk Market grow?
  • What is the expected value of the Almond Milk Market by 2032?
  • What are the key factors driving the Almond Milk Market?
  • Which region adds to the highest Almond Milk Market Valuation?
  • What are the key strategies adopted by the major players of the Almond Milk Market?
  • Who are the key players in the Almond Milk Market?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these