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Almond Milk Market: Overview

Almond Milk is a nothing but a plant milk made from almonds which generally has a nutty taste and creamy texture. The almond milk is becoming a widely accepted and popular replacement for the normal dairy milk as it offers many health benefits such as it helps in weight management, it makes bones stronger, it helps in digestion, and it acts as a lactose-free substitute of milk. The healthy diet adopters and vegan diet followers are the two major groups of customers which are expected to drive the global almond milk market over the forecast period. people in developed countries perceive that vegan diet is good for health, and hence as a result people prefer to consume almond milk as a substitute for dairy milk. 

Almond Milk Market: Drivers and Restraints

The almond milk is one of the popular dairy alternatives which is similar to normal dairy milk, in terms of texture and flavor, and have similar nutritional benefits. The global almond milk market is one of the fastest segment in the non-dairy and vegan milk industry. The growth in almond milk market is attributed to the awareness about its health benefits, battle against obesity in developed countries such as U.S. The new age consumers are demanding high quality, premium brand, healthy dairy products, which has given a boost for the global almond milk manufacturers to develop new premium products to meet the consumers demand. Many manufacturers in developed countries have started offering of new products such as premium almond milk produced using artisanal practices which give a unique creamy taste.  For the consumers seeking premium and health beverage products, many retail stores are coming up with super premium almond milk. The increasing awareness about the health benefits of dairy alternatives milk is acting as a key selling proposition for the almond milk globally. The growth of almond milk market in APEJ regions is attributed to factors such as increasing number of population affected by lactose intolerance.

Consumers are shifting their concern towards organic options of almond milk because of the increasing health contentiousness, as this organic almond milk is produced without nay additives or thickeners. The organic alternatives for almond milk are comparatively expensive than that of other non-dairy alternatives. The demand for flavored almond milk is expected to increase during the forecast period owing to the growing demand for blended, tasty, nutritious, and lactose-free milk among the consumers. 

Almond Milk Market: Segmentation

On the basis of Formulation,

  • Plain sweetened
  • Plain unsweetened
  • Flavored sweetened
  • Flavored unsweetened

Almond Milk Market: Region Wise Outlook

The global Almond Milk Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The North America is expected to be the largest market in the global almond milk market in terms of value. This region is projected to show it dominance over the forecast period. The increasing number of people suffering from lactose intolerance is shifting the consumer preference for healthy dairy alternatives such as almond milk which is driving the growth of almond milk market in this region. The APEJ region is also expected to register high growth rate over the forecast period owing to the consumer focus on gluten free options of almond milk.

Almond Milk Market: Key Players

  • Blue Diamond Growers
  • Califia Farms
  • Earth's Own Food Company
  • WhiteWave Foods
  • Freedom Foods
  • Hain Celestial Group
  • Hiland Dairy Foods
  • Nutriops
  • Pacific Foods
  • Pureharvest
  • Sanitarium Health and Wellbeing
  • SunOpta The Bridge

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Almond Milk Market

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