Global Almond Milk Market Research Report- Forecast to 2022

Global Almond Milk Market Research Report- Forecast to 2022

ID: MRFR/F-B & N/2126-CRR | June, 2017 | Region: Global | 150 pages | Cooked Research Reports

Global Almond Milk Market Information- by Application (Food, Beverages) by Formulations (Plain, Flavored), by Distribution Channel (Store based and Non store based) and Region (North America, Europe, Asia Pacific and Rest of the world) - Forecast to 2022


Report Description


Market Scenario


Almond Milk is a substitute of the animal based traditional milk products. Almond Milk is derived from the almond and is lactose and casein free. Almond milk comes in various types sweetened, unsweetened, plain, and flavored, and is usually improved with vitamins. It can also be prepared at home by using a blender, almonds and water.


There has been increasing incidence of lactose intolerance across the globe. People who are lactose intolerant lack enzyme (lactase) in their small intestine to break down all of the lactose consumed. Lactose intolerance encompass dairy products allergy, disaccharide deficiency, lactase deficiency or milk intolerance and the partially digested or undigested lactose leads to pain, abdominal bloating, diarrhea, skin problems, sleep disturbances, tiredness and other health problems. Lactose intolerants cannot ingest dairy products as it leads to nausea, abdominal pain, abdominal gas & flatulence, vomiting, perianal redness, acidic diarrhea, and various other health issues.


Growing concern on animal welfare, human health and the environment has led to the rising trend of veganism which has become a mainstream now. Vegan diet is considered not only a sustainable choice but also healthy. The appeal and potential of vegan diet has grown popular over the years as people avoid animal products due to ethical reasons and seek healthier and cleaner products.


All the above factors are anticipated to fuel the sales of almond milk during the forecast period


Regional Analysis


The global almond milk market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Asia Pacific is projected to retain its dominance throughout the forecast period. Robust economic growth, rising urbanization, explosion of in the middle class population are the significant factors of the growth of Almond Milk in Europe region. Europe is estimated to account healthy market proportion of 20.00% by the end of 2017. This is contributed by the vegan diet is gaining acceptance in the European countries which is anticipated to fuel the growth of almond milk during the forecast period. North America region is also projected to register a healthy growth of 15.27% during the forecast period of 2017-2022.


Segments


On the basis of application, global Almond Milk market has been segmented into food & beverages. Beverages segment is projected to account maximum market proportion throughout the forecast period. However, food segment is estimated to grow at a fast pace during the review period of 2017-2022. On the basis of formulations, global Almond Milk market has been segmented into plain & flavored. On the basis of distribution channel, global Almond Milk market has been segmented into store based and non-store based. Store based segment has been segmented into supermarkets & hypermarkets, health & wellness, pharmacy, convenience stores and others.


Key Players


The leading market players in the global Almond Milk market primarily are Blue Diamond Growers (U.S.), Hain Celestial Group (U.S.), Whitewave Foods (France), Sunopta Inc.(Canada), Daiya Foods Inc. (Canada), Galaxy Nutritional Foods, Inc. (U.S.), Tofutti Brands Inc. (U.S.)


Target Audience



  • Almond Milk manufacturers

  • Raw material suppliers

  • End users

  • Retailers and wholesalers

  • E-commerce companies

  • Traders, importers and exporters


Key Findings



  • Asia Pacific is estimated to retain its dominance throughout the forecast period and to grow at a substantial CAGR of 15.44%. Among the Asia pacific country, China is accounting maximum market proportion of 25.80% in the Asia Pacific Almond Milk market by the end of 2017. This is attributed by the rising lactose intolerance and various allergy.

  • Rising vegan diet trend & urbanization has spurred the growth of Almond Milk market


Regional and Country Analysis of Almond Milk Market Development and Demand Forecast to 2022 Market


As per the MRFR analysis, the global Almond Milk market is poised to reach USD 4.75 Bn in 2022, to grow at a CAGR of 15.19% during the forecasted period.


The reports also cover country level analysis:


North America



  • U.S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • U.K

  • Spain

  • Rest of Europe


Asia–Pacific



  • China

  • India

  • Japan

  • Australia & New Zealand

  • Indonesia

  • Rest of Asia-Pacific


Rest of the World



  • Latin America

  • Middle East

  • Others

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
TABLE OF CONTENTS

2.1 Definition 14

2.1.1 Almond Milk 14

2.2 Scope of the Study 15

2.2.1 Research Methodology 15

2.3 Assumptions 15

2.4 Limitations 15

2.5 Market Structure 15

3.1 Research Process 17

3.2 Primary Research 19

3.3 Secondary Research 20

3.4 Forecast Model 21

4.1 Global Almond Milk Market: Market Mapping & Research Methodology 22

4.2 Market Overview: Global Almond Milk Market 23

4.3 Industry Trends and Market Environment: Global Almond Milk Market

5.1 Introduction 26

5.2 Drivers 27

5.2.1 Increasing demand for convenience food 27

5.2.1.1 Increasing Disposable Incomes 27

5.2.2 Strong Performance Of Retail Sector 28

5.2.3 Strong performance of food service industry 29

5.2.4 Increasing lactose intolerance 29

5.2.5 Growing consumer preference for vegan diet 31

5.3 Restraints 32

5.3.1 Higher price of Almond Milk 32

5.3.2 Lack of awareness about Almond Milk 32

5.4 Opportunities 33

5.4.1 Huge investments in R&D and new product developments 33

5.4.2 Government initiatives and funding to support the farmers 33

5.4.3 Explosion of social media and use of right marketing strategies 33

5.4.4 Massive opportunity in the beverages industry 34

5.5 Challanges 34

5.5.1 Branding issues 34

5.6 Innovation in application and process 35

5.7 Pestle Analysis – Global Almond Milk Market 35

6.1 Introduction 39

6.2 Value Chain Analysis 39

6.3 Value Chain Analysis 40

6.4 Supply Chain Analysis 41

6.5 Porter's Five Forces 42

6.5.1 Porter's 5 Forces Analysis: Almond Milk 42

6.5.2 Threat of New Entrants 43

6.5.3 Threat of Substitutes 43

6.5.4 Bargaining Power of Buyers 44

6.5.5 Bargaining Power of Suppliers 44

6.5.6 Intensity of Rivalry 45

7.1 Introduction 46

7.2 Global Almond Milk Market, By Application 46

8.1 Introduction 48

8.2 Global Almond Milk Market, By Formulations 48

9.1 Introduction 50

9.2 Global Almond Milk Market- By Distributional Channel Segmentation 50

10.1 Introduction 53

10.2 Global Almond Milk Market, By Region 53

11.1 North America Almond Milk Market, By Country 55

11.2 North America Almond Milk Market, By Application 56

11.3 North America Almond Milk Market, By Formulation 57

11.4 North America Almond Milk Market, By Distribution Channel 58

11.5 U.S. 59

11.6 Canada 62

11.7 Mexico 65

12.1 Europe Almond Milk Market, By Country 69

12.2 Europe Almond Milk Market, By Application 70

12.3 Europe Almond Milk Market, By Formulation 71

12.4 Europe Almond Milk Market, By Distribution Channel 72

12.5 U.K. 73

12.6 Germany 76

12.7 France 79

12.8 Italy 82

12.9 Spain 85

12.10 Rest of Europe 88

13.1 Asia Pacific Almond Milk Market, By Country 92

13.2 Asia Pacific Almond Milk Market, By Application 93

13.3 Asia Pacific Almond Milk Market, By Formulation 94

13.4 Asia Pacific Almond Milk Market, By Distribution Channel 95

13.5 China 96

13.6 India 99

13.7 Japan 102

13.8 Australia & New Zealand 105

13.9 Indonesia 108

13.10 Rest of Asia Pacific 111

4.1 Rest of the World Almond Milk Market, By Country 115

14.2 Rest of the World Almond Milk Market, By Application 116

14.3 Rest of the World Almond Milk Market, By Formulation 117

14.4 Rest of the World Almond Milk Market, By Distribution Channel 118

14.5 Latin America 119

14.6 Middle East 122

14.7 Others 125

15.1 Introduction 129

16.1 Blue Diamond Growers 132

16.1.1 Overview 132

16.1.2 Company Snapshot 132

16.1.3 Business Strategies 133

16.1.4 Key Developments 133

16.1.5 SWOT Analysis 134

16.2 Hain Celestial Group 135

16.2.1 Overview 135

16.2.2 Company Snapshot 135

16.2.3 Product Portfolio 136

16.2.4 Business Strategies 136

16.2.5 Key Developments 137

16.2.6 SWOT Analysis 137

16.3 Whitewave Foods 138

16.3.1 Overview 138

16.3.2 Company Snapshot 138

16.3.3 Product Portfolio 139

16.3.4 Business Strategies 139

16.3.5 Key Developments 139

16.3.6 SWOT Analysis 140

16.4 Sunopta Inc. 141

16.4.1 Overview 141

16.4.2 Company Snapshot 141

16.4.3 Business Strategies 141

16.4.4 Key Developments 142

16.5 Daiya Foods Inc. 143

16.5.1 Overview 143

16.5.2 Company Snapshot 143

16.5.3 Product Portfolio 144

16.5.4 Business Strategies 144

16.6 Galaxy Nutritional Foods, Inc. 146

16.7 Tofutti Brands Inc. 148

16.7.1 Overview 148

16.7.3 Business Strategies 149