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 @ https://www.marketresearchfuture.com/sample_request/2872

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 @ https://www.marketresearchfuture.com/reports/almond-milk-market-2872

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: https://marketersmedia.com/global-almond-milk-market-is-estimated-to-grow-at-a-cagr-over-15-19-by-2022/249999

For more information, please visit https://www.marketresearchfuture.com/

Source: MarketersMedia

Release ID: 249999

Latest News

Cambodia's ruler starts campaigning with opponents silenced

Jul 20, 2018

PHNOM PENH, Cambodia — Campaigning officially began Saturday for Cambodia's July 29 general election, with Prime Minister Hun Sen's ruling party virtually assured victory because the only credible opposition party was dissolved last year. Hun Sen, who has led the country for more than three decades, launched his Cambodian People's Party's campaign for the polls at a rally in Phnom Penh. His speech said if his government is returned to office, it will deliver continued economic development in one of the poorest nations in Asia. The main opposition force, the Cambodia National Rescue Party, was dissolved last year by court...

Cambodia announces $100 million in military aid from China

Jul 20, 2018

PHNOM PENH, Cambodia — China has agreed to provide more than $100 million in military aid to Cambodia, a senior Cambodian defense official said Tuesday. Defense Ministry spokesman Gen. Chhum Socheat said the aid for training, exercise and equipment was agreed upon over the weekend in a meeting between visiting Chinese Defense Minister Wei Fenghe and his Cambodian counterpart Tea Banh. Wei on Monday also met with Prime Minister Hun Sen. Wei's five-day trip was undertaken to strengthen military ties and attend a China-Cambodia military exhibition. It concludes on Wednesday. China is Cambodia's closest political ally and a major economic...

Sacked US Embassy guards in Cambodia stage protest

Jul 20, 2018

PHNOM PENH, Cambodia — Almost three dozen security guards fired by the U.S. Embassy in Cambodia for allegedly sharing pornography on smartphones they used for work held a protest Tuesday demanding proper compensation from their former employer. The 32 protesting guards said they had been sacked without a full explanation and not according to the law, and placards they held complained of injustice. One held a portrait of Prime Minister Hun Sen, who has been very critical of the United States as he burnishes his nationalist credentials ahead of a general election next month. The protesters acknowledged that some pornographic...

Injured former Cambodian PM Ranariddh sent to Thai hospital

Jul 20, 2018

PHNOM PENH, Cambodia — A Cambodian prince who is a candidate in upcoming elections was transferred to a hospital in neighboring Thailand on Monday after being injured in a road crash that killed his wife, a fellow politician said. Prince Norodom Ranariddh, 74, son of the late King Norodom Sihanouk and half brother of Cambodia's current king, was injured when a taxi slammed into his SUV in southwest Cambodia. The SUV was part of a convoy carrying senior members of Ranariddh's FUNCINPEC party to Sihanoukville on Sunday when the crash occurred, a senior party member in the group said. Ranariddh's...

Start of Cambodian trial of Australian filmmaker delayed

Jul 20, 2018

PHNOM PENH, Cambodia — An Australian filmmaker charged with endangering Cambodian national security for flying a drone over a campaign rally had his trial postponed for a month on Friday after already spending a year in jail. James Ricketson, 69, looked frail as he was led into Phnom Penh Municipal Court to face the charge of collecting information prejudicial to national defense, for which he could be imprisoned for five to 10 years. The charge is tantamount to one of espionage. "I'm hoping that I'll find out today which country I'm spying for," he shouted defiantly to reporters as he...

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]vnreporter.com

Subscribe Now!