Current Trends For Almond Milk Market Comprehensive Analysis, Applications, Outlook and Forecast to 2019-2025
The global almond milk market size is expected to reach USD 13.3 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 14.3% over the forecast period. Changing consumer lifestyle and rising health awareness about diabetes and obesity are the key factors driving the market.
Almond milk is a plant-based product, which serves as an alternative to animal milk. Consumers are shifting their focus towards adopting such dairy alternatives due to growing vegan population globally. This product has emerged as a booming segment in the market apart from soy milk. It is used as a main ingredient for preparing food such as frozen desserts and beverages like milkshakes.
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Increasing use of organic ingredients such as almond milk in personal care products is boosting the growth of the market. This plant based product is rich in fatty acids such as omega-3 and also a great source of vitamin E, which is crucial in keeping the skin hydrated and fed. Companies such as Bodyshop, P&G, and Unilever use this liquid as their main ingredient to formulate hair care and skin care products for their global consumers.
Inflated demand for almond milk, particularly in the beverage segment, can be attributed to rising cases of lactose intolerance among the consumers of Europe, thus driving the market in the region. For instance, companies like Oatly and Califia Farms have introduced flavored almond beverage as a substitute for dairy beverages, which is soy-free, gluten free, vegan, and does not curdle when mixed with tea. Along with its major applications, this product is also used in the bakery, brewery, and chocolate industries. For instance, Baileys launched Almande Irish Cream Liqueur for its vegan consumers made from this plant milk.
Asia Pacific occupies the largest share in the global market due to high demand from the lactose intolerant population of China and other countries in East Asia. The market in Asia Pacific is anticipated to expand at a CAGR of 15.0% from 2019 to 2025 due to rising disposable income and growing consumer preferences for the product.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/almond-milk-market
Further key findings from the study suggest::
• Asia Pacific dominated the global market in 2018 and constituted 30.8% share of the overall revenue. This trend is projected to continue over the next few years. The market in Europe is projected to generate a revenue of USD 2.8 billion by 2025
• Other applications majorly comprise bakery, brewery, and chocolate and are projected to exhibit constant growth in the next few years
• Adoption and consumption of almond milk as a dairy substitute and dietary supplement is increasing due to surge in the number of obese people in countries like U.S. and South Africa
• The industry is highly competitive due to presence of the main players including Daiya Foods Inc.; Hain Celestial Group; Whitewave Foods; Sunopta Inc.; Blue Diamond Growers; Galaxy Nutritional Foods, Inc.; and Tofutti Brands Inc.
Read all Reports of this category @ https://www.radiantinsights.com/catalog/food-and-Beverages
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Almond milk is a plant-based product, which serves as an alternative to animal milk. Consumers are shifting their focus towards adopting such dairy alternatives due to growing vegan population globally. This product has emerged as a booming segment in the market apart from soy milk. It is used as a main ingredient for preparing food such as frozen desserts and beverages like milkshakes.
Download Free Sample Report @ https://www.radiantinsights.com/research/almond-milk-market/request-sample
Increasing use of organic ingredients such as almond milk in personal care products is boosting the growth of the market. This plant based product is rich in fatty acids such as omega-3 and also a great source of vitamin E, which is crucial in keeping the skin hydrated and fed. Companies such as Bodyshop, P&G, and Unilever use this liquid as their main ingredient to formulate hair care and skin care products for their global consumers.
Inflated demand for almond milk, particularly in the beverage segment, can be attributed to rising cases of lactose intolerance among the consumers of Europe, thus driving the market in the region. For instance, companies like Oatly and Califia Farms have introduced flavored almond beverage as a substitute for dairy beverages, which is soy-free, gluten free, vegan, and does not curdle when mixed with tea. Along with its major applications, this product is also used in the bakery, brewery, and chocolate industries. For instance, Baileys launched Almande Irish Cream Liqueur for its vegan consumers made from this plant milk.
Asia Pacific occupies the largest share in the global market due to high demand from the lactose intolerant population of China and other countries in East Asia. The market in Asia Pacific is anticipated to expand at a CAGR of 15.0% from 2019 to 2025 due to rising disposable income and growing consumer preferences for the product.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/almond-milk-market
Further key findings from the study suggest::
• Asia Pacific dominated the global market in 2018 and constituted 30.8% share of the overall revenue. This trend is projected to continue over the next few years. The market in Europe is projected to generate a revenue of USD 2.8 billion by 2025
• Other applications majorly comprise bakery, brewery, and chocolate and are projected to exhibit constant growth in the next few years
• Adoption and consumption of almond milk as a dairy substitute and dietary supplement is increasing due to surge in the number of obese people in countries like U.S. and South Africa
• The industry is highly competitive due to presence of the main players including Daiya Foods Inc.; Hain Celestial Group; Whitewave Foods; Sunopta Inc.; Blue Diamond Growers; Galaxy Nutritional Foods, Inc.; and Tofutti Brands Inc.
Read all Reports of this category @ https://www.radiantinsights.com/catalog/food-and-Beverages
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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