Almond Milk Market Set to Reach USD 14.19 Billion by 2034 | FMI

A key driver of revenue growth in the vanilla almond milk segment is the increasing prevalence of lactose intolerance. Additionally, growing health concerns and the rising costs associated with medical procedures, such as bariatric surgeries, are further accelerating consumer demand for non-dairy almond milk alternatives.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬: https://www.futuremarketinsights.com/report-sample#5245502d47422d3134353537  

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 2034.
• 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.

Market Drivers and Applications:

Drivers:

• Growing Veganism and Lactose Intolerance: The surge in vegan diets and the increasing prevalence of lactose intolerance have significantly boosted the demand for almond milk.
• Health and Wellness Trends: Consumers are increasingly opting for dairy alternatives due to health concerns such as heart disease and obesity.
• Innovations in Flavored and Fortified Almond Milk: The introduction of almond milk fortified with vitamins, minerals, and probiotics is attracting health-conscious consumers.
• Sustainable and Ethical Considerations: Ethical consumerism is pushing demand for plant-based and environmentally friendly dairy alternatives.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐍𝐨𝐰! https://www.futuremarketinsights.com/reports/almond-milk-market  

Applications:

• Beverages: Used in coffee, smoothies, and health drinks as a nutritious dairy substitute.
• Food Industry: Utilized in bakery products, desserts, and cereals.
• Cosmetics and Personal Care: Almond milk is gaining traction in skincare products due to its moisturizing properties.
• Nutritional Supplements: Often included in protein shakes and meal replacements for added nutritional benefits.

“The almond milk market is evolving rapidly due to shifting consumer preferences and advancements in plant-based dairy production. With the introduction of innovative flavors and organic variants, almond milk is expected to capture a larger market share within the non-dairy milk industry. Strategic partnerships and investments in sustainable almond farming are further shaping market dynamics.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights 

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.

Dairy Alternatives Industry Analysis: https://www.futuremarketinsights.com/industry-analysis/dairy-alternatives

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