Global Almond Milk Market By Application (Beverage, Frozen Desserts, Personal Care and Other Applications), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores and Online), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Almond Milk Market Overview:

The global almond-milk market size was estimated at USD 5,350 million in 2021. It is expected to register a CAGR of 15.1% between 2022-2032.

Almond milk can be substituted for dairy products with plant-based ingredients and is rich in vitamins E and omega-3 oils. Over the estimated period, the market will be driven by increasing health consciousness and an increased preference for plant-based dairy products.

Global Almond Milk Market Scope:

Application analysis

Almond milk is a popular product in APAC, particularly in China and India. This will likely lead to a favorable growth estimate for the product. The product’s wide application in the beverage and food industries has led to a high requirement from Japan and China. The growing APAC vegan population is responsible for the growth in beverage applications. According to a National Institutes of Health report, the majority of lactose-intolerant people are from Eastern Asia. This gives almond milk producers more opportunities to reach these regions

Because of its unique anti-aging properties and a high percentage of vitamin C, vitamin E, and zinc in the product’s formulation, the personal care segment is expected to grow at a CAGR (of 9.9%) over the forecast period. This and creams. Body shop product has been used in skin repair lotions, for example, manufactures a range of body butter, shampoos, conditioners, and another some products for their customers around the world. This is in response to the growing need for almond milk.

The market also has applications for cream liquor, chocolates, and bakery. Almond milk is often used by milk chocolate producers to make nut and fruit chocolates. Tobler one, a Swiss brand of chocolate, uses almond milk to make its products.

Distribution Channel analysis

Online apps have been used in a dramatic rise in the market. Online retailers such as Big Basket offer almond milk beverages and other products through their online delivery services. It also has offline shops in India. This is what drives the online channel segment. Convenience shops carry a range of almond milk products, to help with grocery shopping.

Key Market Segment:

By Application

• Beverages
• Frozen Desserts
• Personal Care
• Other Applications

By Distribution Channel

• Hypermarkets & Supermarkets
• Convenience Stores
• Online

Market Dynamics:

Over the coming years, the market will be driven by rising numbers of cases of lactose intolerance as well as hypercholesterolemia. The product is also free from cholesterol and lactose, making it a popular option, especially for vegans. Consumers are increasingly choosing vegan alternatives to cow milk because they prefer it. Alternatives to animal milk in the form of plant-based milk can be an affordable alternative for those living in developing countries.

Almond milk has many uses, including beverages and frozen desserts. It’s also used extensively in the manufacture of chocolates, cream liquors, as well as bakery products. Almond milk, in addition to protein, also contains zinc. This helps prevent hair from greying and keeps skin clear of blemishes. Almond milk is a popular ingredient in cosmetics, such as hair care products and creams.

Market expansion has been aided greatly by increasing the acceptance of dairy alternatives among vegan consumers. Almond milk has many benefits including its aesthetic appeal and high-protein volume. This makes it an ideal dietary supplement for people of all ages. Raw introduced its 100%-cold-pressed almond milk to replace dairy shakes and promote the brand in plant-milk segments for vegan consumers. A potential driver of product requirement is the rising incidence of diabetes and lactose intolerance in countries such as China, Japan, and Germany.

Because of rising consumer expectations about almond milk’s benefits, both the organic cosmetics and beverage markets will experience strong growth over time. Daiya Foods Inc., Whitewave Foods, Blue Diamond Growers, Galaxy Nutritional Foods, Inc., and Galaxy Nutritional Foods, Inc. take initiative to grow the market by offering a wide range of cold-pressed beverages, as well as frozen desserts, on a worldwide scale.

Regional Analysis:

Asia Pacific held the largest market share with 32.04%. Between 2023-2032, the Asia Pacific market value will grow by 14.04%. Global beverage demand is forecast to increase over the forecast period. This is due in part to the increased popularity of Raw and Danone Silk brands and the advancement of dairy substitute technology.

Blue Diamond Growers has been providing high-quality almond milk for customers all around the world through Hain Celestial Group. With their recent product launches, Raw & Sofit have increased almond milk consumption in APAC. This region is also in high demand for personal care products, such as moisturizers, conditioners, hand creams, and hair sprays.

The U.S. frozen dessert market is one sector that has been driving the market growth. In 2018, this sector represented 26.8% of the U.S. This is due to increase per capita income and changes in eating patterns across the various MEA nations. The market is expected to increase over the forecast period. Almond milk has become a common part of consumers’ daily lives due to growing environmental concerns.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Danone is a company that uses almond milk to make drinks such as flavored milkshakes. Confectionery producers can use almond milk for almond-flavored baked goods, such as cakes, cookies, or cookies. These products are very popular. Baileys used the product to launch Almande Irish cream liqueur for vegans during the holiday season.

Market Key Players:

• Daiya Foods Inc
• Hain Celestial Group
• Whitewave Foods
• Sunopta Inc.
• Blue Diamond Growers
• Galaxy Nutritional Foods Inc.
• Tofutti Brands Inc.
• Danone
• Other Key Players

For the Almond Milk Market research study, the following years have been considered to estimate the market size: