Almond Milk : Global Market Intelligence ( 2023-2030 )

REPORT OBJECTIVES

The report "Almond Milk : Global Market Intelligence ( 2023-2030 )" provides market intelligence on the different market segments, based on Distribution, Application Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The Almond Milk market was valued at $6,650.0 Million in 2020, and is projected to reach $8,192.6 Million by 2030 growing at a CAGR of 2.38% from 2021 to 2030.

Hypermarkets & Supermarkets segment is expected to be the highest contributor to this market, with $4,111.6 Million in 2020, and is anticipated to reach $5,078.7 Million by 2030, registering a CAGR of 2.41%.

Convenience Stores segment is anticipated to reach $2,459.9 Million by 2030 with the highest CAGR of 2.42%.

Hypermarkets & Supermarkets and Convenience Stores segments collectively expected to account for about 91.8% share of the Almond Milk market in 2020, with the former constituting around 61.8% share.

Convenience Stores and Hypermarkets & Supermarkets segments are expected to witness significant growth rates at a CAGR of 2.42% and 2.41% respectively, during the forecast period.

Presently, share of these two segments is estimated to be around 91.8% in the overall Almond Milk market in 2020, and is anticipated to reach 92.0% by 2030.The global almond milk market is being driven by the increasing consumer demand for dairy-free and plant-based milk alternatives, fueled by health-conscious consumers seeking lactose-free options and a growing vegan population.

Additionally, the rising awareness of environmental sustainability and the reduced carbon footprint associated with almond milk production presents an opportunity for market growth.

Furthermore, innovations in flavor varieties, fortified options, and packaging improvements are enhancing the market's appeal, opening doors for increased market penetration and expansion.

As consumer preferences continue to evolve towards healthier and environmentally friendly choices, the almond milk market is well-positioned to capitalize on these trends and thrive in the coming years..