Almond Milk Market Size, Share & Trends Analysis Report By Application (Beverages, Personal Care), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Online), And Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global almond milk market size is expected to reach USD 13.3 billion by 2025, according to a new report by Grand View Research, 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.

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.

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.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Almond Milk Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Almond Milk Market
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Almond Milk Market: Application Estimates & Trend Analysis
                    5.1. Application Movement Analysis & Market Share, 2018 & 2025
                    5.2. Beverages
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.3. Frozen Desserts
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.4. Personal Care
                         5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.5. Others
                         5.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 6. Almond Milk Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Hypermarkets & supermarkets
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.3. Convenience stores
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.4. Online
                         6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 7. Almond Milk Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion))
                         7.3.4. Germany
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.4.4. China 
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.4.5. India
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.6. Middle East & Africa (MEA)
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. Daiya Foods Inc.
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Hain Celestial Group
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Pureharvest
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. White Wave Foods
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Sunopta Inc.
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Blue Diamond Growers
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Sanitarium
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Califia Farms
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives

List of Tables

1. Almond milk - Key market driver analysis
2. Almond milk - Key market restraint analysis
3. Global almond milk market estimates and forecast, for beverage, 2015 - 2025 (USD Billion)
4. Global almond milk market estimates and forecast, for frozen desserts, 2015 - 2025 (USD Billion)
5. Global almond milk market estimates and forecast, for personal care, 2015 - 2025 (USD Billion)
6. Global almond milk market estimates and forecast, for other applications, 2015 - 2025 (USD Billion)
7. Global almond milk market estimates and forecast, by hypermarkets & supermarkets, 2015 - 2025 (USD Billion)
8. Global almond milk market estimates and forecast, by convenience stores, 2015 - 2025 (USD Billion)
9. Global almond milk market estimates and forecast, by online channel, 2015 - 2025 (USD Billion)
10. North America almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
11. North America almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
12. North America almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
13. U.S. almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
14. U.S. almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
15. U.S. almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
16. Europe almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
17. Europe almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
18. Europe almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
19. Germany almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
20. Germany almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
21. Germany almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
22. U.K. almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
23. U.K. almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
24. U.K. almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
25. APAC almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
26. APAC almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
27. APAC almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
28. China almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
29. China almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
30. China almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
31. India almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
32. India almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
33. India almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
34. CSA almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
35. CSA almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
36. CSA almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
37. MEA almond milk market estimates and forecast, 2015 - 2025 (USD Billion)
38. MEA almond milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
39. MEA almond milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
40. Vendor landscape

List of Figures

1. Almond milk market snapshot 
2. Almond milk market segmentation & scope
3. Almond milk market penetration & growth prospect mapping
4. Almond milk supply chain analysis
5. Almond milk market dynamics
6. Almond milk market Porter's analysis 
7. Almond milk market: Application movement analysis 
8. Almond milk market: Distribution channel movement analysis 
9. Almond milk market: Regional movement analysis