Market Research Report
Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Almond Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: August 2, 2021
IMARC Services Private Limited
Content info: 146 Pages
Delivery time: 2-3 business days
The global almond milk market exhibited strong growth during 2015-2020. 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. Looking forward, IMARC Group expects the global almond milk market to grow at a CAGR of 12.3% during 2021-2026.