Almond Milk Market Research Report
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Almond Milk Market Research Report
Global Almond Milk Market Research Report: Information by Category (Organic and Conventional), Packaging Type (Bottles, Cans, and Cartons), Distribution Channel (Store-Based (Hypermarkets & Supermarkets, Convenience Stores, and Others) and Non-StoreBased) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2024
Key Players: Danone (France), Califia Farms (US), Blue Diamond Growers (US), Elmhurst Milked Direct LLC (US), Malk Organics (US), Pacific Foods of Oregon, LLC. (US), Hain Celestial Group (US), Natura Foods (Canada), Daiya Foods Inc. (Canada), Sunopta Inc. (Canada), Three Trees Organic (US), Rude Health (UK), Orgain, Inc. (US), New Barn Organics (US), Hiland Dairy Foods Company, LLC (US) are some of the key players in the global almond milk market.
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Almond Milk Market Research Report
Almond milk is a type of plant milk and acts as a substitute for animal-based milk products. The milk is extracted from almond, thereby making it free from lactose and casein and rich in various healthy nutrients. The growing lactose intolerant population coupled with the growing vegan population are the key drivers of growth for the market. Changing pattern in consumer eating habits and a shifting inclination towards on-the-go products among the working population is expected to positively impact the growth of the almond milk market. Manufacturers are tapping into the market by coming up with a wide variety of flavoured products. This is gaining more traction towards almond milk products and causing the market to grow positively. Not to mention, innovative and attractive packaging designs also helps add value to the product. Advertising campaigns run by major market players are influencing a positive growth of almond milk products as well.
Regional Analysis:
Global Almond Milk Market is geographically segmented into different regions, namely Europe, Asia Pacific, North America, and the Rest of the World (RoW). North America is the dominant player in the global almond milk market due to the increasing consumption of on-the-go beverages therein. The fast-paced lifestyle in this region, particularly in the US, aids the demand for the market and is believed to continue in the coming years. The US region comprises the highest population of lactose intolerance. This acts as a key driving factor behind the growth of the almond milk market in this region.
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Almond Milk Market Research Report
Segmentation Global Almond Milk Market is segmented on the basis of packaging material, distribution channel, and product type. By packaging material, the market includes carton, glass, others. The glass packaging material of almond milk is the dominant segment in this category and is expected to witness the fastest growth rate during the review period. By distribution channel, the market divides into non-store-based and store-based distribution. Due to the one-stop shopping experience it offers, the store-based distribution channel dominates the market. Add to this, the segment is reported to grow at the highest CAGR during the forecast period.
Intended Audience Almond milk manufacturers Beverage industry Dealers and distributors Raw material suppliers and distributors Traders, exporters, and importers
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Almond Milk Market Research Report
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Copyright Š 2017 Market Research Future.