Global Almond Milk Market is Estimated to Grow at a CAGR over 15.19% by 2022

Global Almond Milk Market - by Application (Food, Beverages), Formulations (Plain), Distribution Channel (Store based) and Region (Europe) - Forecast to 2022

Pune, India - October 13, 2017 /MarketersMedia/ —

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.

Market Forecast

Growing concern on animal welfare, human health and the environment has led to the rising trend of veganism which has become a mainstream in the recent years. 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 & cleaner products. Furthermore, growing health concerns among consumers, increasing obese population and trend of healthy lifestyle has fuelled the demand of vegan diet which in turn escalates the demand of almond milk during the forecast period. Retail industry is playing a significant role for the increasing growth of almond milk market.

These factors will play a key role in the growth of almond milk market at the CAGR of 15.19% during 2016-2022.

Request a Sample Report @

Competitive Analysis-

This report includes a study of strategies used in the market, mergers and acquisitions in Almond Milk, multiple product launch by Almond Milk market players. It further includes product portfolios and developments of leading major players which includes
• Blue Diamond Growers (U.S.)
• Sunopta Inc.(Canada)
• Hain Celestial Group (U.S.)
• Whitewave Foods (France)
• Daiya Foods Inc.(Canada)
• Galaxy Nutritional Foods, Inc. (U.S.)
• Tofutti Brands Inc. (U.S.)

The market players have increased their level of investment in research to identify right formulation and to improve product functionality in order to capture lion’s share and create brand recognition in Almond Milk market. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.

By Downstream Analysis-

Beverages segment is estimated account major market proportion in the global almond milk market and registering an impressive CAGR of 15.04% during the forecast period. However, food segment is anticipated to witness a highest growth of 15.40% during the review period. This is attributed by the rising popularity of vegan diet among the consumers. Among the formulation segment, flavored segment is estimated to reach USD 3,059.94 Mn by the end of 2022. Store based segment is projected to hold maximum market proportion of more than  65% by the end of 2016 and it is estimated to retain its dominance throughout the forecast period.

Region Analysis

Global Almond Milk Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Among these, Asia Pacific region is holding more than 40% of market proportion by the end of 2016 and the region is expected to retain its dominance throughout the forecast period of 2016-2022. Asia Pacific region is estimated to grow at a CAGR of 15.44% during the review period. Europe is anticipated to witness a massive growth rate of 15.35% during the forecast period of 2016-2022. The increasing awareness of vegan diet among the consumers especially developed economies such as Germany, France; U.K. is anticipated to be the significant reason of the growth of almond milk in the Europe.

Access Report Details @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312

Source URL:

For more information, please visit

Source: MarketersMedia

Release ID: 249999

Latest News

S. Korea president's Vietnam visit aims to deepen trade ties

Mar 24, 2018

HANOI, Vietnam — Vietnam and South Korean aim to substantially increase their bilateral trade during President Moon Jae-in's three-day visit to the Southeast Asian country. South Korea has become Vietnam's largest foreign investor and second-biggest trading partner since diplomatic relations were established in 1992. Bilateral trade stood at $61.5 billion last year. Speaking to reporters at a joint news briefing with Vietnamese President Tran Dai Quang in Hanoi, Moon said the two leaders aim for $ 100 billion by 2020. "President Quang has said the country aims to build itself into a modern industrial state by 2020. I emphasized (to...

Vietnam trying ex-Politburo member over oil giant's losses

Mar 24, 2018

HANOI, Vietnam — A court in Hanoi began a criminal trial Monday of a former Politburo member accused of mismanagement at state oil giant PetroVietnam that cost millions of dollars. PetroVietnam and the banking sector have been at the center of the country's recent crackdown against corruption with scores of executives being put on trial. Dinh La Thang, formerly the chairman of the state oil giant, already was the first former Politburo to be jailed in decades in another case earlier this year. He was sentenced to 13 years in jail in January for mismanagement involving the construction of a...

Former Vietnam Prime Minister Phan Van Khai dies at 84

Mar 24, 2018

HANOI, Vietnam — Phan Van Khai, an architect of Vietnam's economic rise and the country's first prime minister to visit the United States after the end of the war, died on Saturday. He was 84. Khai died in his home district of Cu Chi on the outskirts of Ho Chi Minh City, the former Saigon, the government said on its website. Khai oversaw Vietnam's fastest and most stable economic growth during his nine years in office from 1997 to 2006. He signed a bilateral trade agreement with the U.S. in 2000 and oversaw Vietnam's entry into the World Trade Organization...

2 killed during land mine clearance training in Cambodia

Mar 24, 2018

SIEM REAP, Cambodia — A land mine exploded accidently during clearance training at a military base in western Cambodia, killing two people, including an Australian, and injuring three others, police said. National police said the explosion occurred Thursday in Kampong Speu province when a soldier who was being trained mishandled a decades-old land mine that had been removed from the ground. They said a 45-year-old Australian was killed and another 41-year-old Australian was wounded. Police said one Cambodian soldier was killed and two others were injured. Police initially said the Australians were training the soldiers, but the Defense Ministry said...

Cambodian leader rejects call for talks from opposition

Mar 24, 2018

PHNOM PENH, Cambodia — Cambodian Prime Minister Hun Sen on Monday rejected a request from opposition leader Sam Rainsy for talks about the country's political problems, denigrating his archrival as a traitor and a convict. Hun Sen was responding to a message posted Sunday on Twitter by Sam Rainsy, a founder of the Cambodia National Rescue Party, which called for negotiations to end a political crisis that has quashed many aspects of democracy, with the opposition party dissolved and its members thrown out of parliament. Cambodian courts, generally considered to be under ruling party influence, last November sustained a government...

Sign up now!

About Us

VNReporter is built to serve the people of Vietnam exclusive reports that best reflect the happenings and achievements in the country. With the rise in the popularity in online news, readers now demand to read quality news in a more modern and easy to read format.

Contact us: sales[at]

Subscribe Now!