About Almond Beverage-
Almond milk is a nutritious, nut-based beverage that has grown in popularity over the years. Because almond milk has a mild flavour, many people prefer it to other plant-based milk alternatives. It can be used in place of dairy milk. Almond milk is a great plant-based alternative for those who avoid cow's milk. Because of its low calorie content and nutty flavour, almond milk is one of the most popular plant-based milk alternatives in the United States. It is made by grinding almonds, soaking them in water, and filtering the solids out. What remains is a milky white beverage that is naturally high in a variety of nutrients, including vitamin E and magnesium. Furthermore, store-bought almond milk is frequently fortified with calcium and vitamin D to promote bone health. As a result, for those who can't or don't want to drink cow's milk, as well as those who prefer the taste and lower calorie content, this plant-based milk can be a nutritious and satisfying option. However, it contains far less protein than dairy or soy milk products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global Almond Beverage market is witnessing a rise in competitiveness among the companies. In terms of market share, these major players currently dominate the market. However, with increasing innovations in technology, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Almond Beverage- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Whitewave Foods (United States), Sunopta Inc. (United States), Hain Celestial Group (United States), Daiya Foods Inc. (Canada), Danone (France), Heritage Foods (India), Three Trees Organic (United States), Pacific Foods of Oregon, LLC. (United States), Hiland Dairy Foods Company, LLC (United States) and Blue Diamond Growers (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Silk (United States), Galaxy Nutritional Foods Inc. (United States) and Tofutti Brands Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Almond Beverage- market by Type (Plain and Flavoured), Application (Beverages, Frozen Desserts and Personal Care) and Region.
On the basis of geography, the market of Almond Beverage- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Almond Beverage- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Barrel will boost the Almond Beverage- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coverage, the sub-segment i.e. Organic will boost the Almond Beverage- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 15 March 2022, Heritage Foods has launched all-new Premium Badam Milk with real almond bits. The new 'Badam Charger' is the latest addition to the Company's growing list of value-added products (VAP) portfolio.This new drink will be available across all general trade and modern trade stores as well as online grocery platforms. and On 26 January 2022, Silk launches new, extra creamy almondmilk. Silk’s line of non-dairy products has a new addition: Silk Extra Creamy Almondmilk.The recipe for the latest Silk beverage features a blend of three types of almonds. The new, extra creamy version has no cholesterol. Per the USDA’s data, reduced fat milk (293mg of calcium per cup) doesn’t contain as much calcium as Silk Extra Creamy Almondmilk (450mg per cup).
On 3 September 2021, National foods regulator FSSAI has directed e-commerce platforms to delist plant-based merchandise as dairy milk products, following the Dairy federation objecting to merchandise such as soya coconut and walnut-based beverages being labelled as 'milk'. Dozens of manufacturers in India as such sofit and natureVit promote packaged soya almond or coconut milk on e-commerce grocery platforms as dairy products. this is despite government rules that mon-milk product can't be categorized and bought as dairy product
Market Drivers
- Increasing High Demand for Quality Product Coupled with Healthy Dairy Products
- Adoption of Almond Milk Consumption in Vegan Diet
Opportunities
- Rising Demand for Almond Beverage in Manufacturing of Fitness Products and Supplements
- Rising Campaigns about Health Benefits by Almond Beverage
Restraints
- Stringent Government Regulations
- Healthy Alternatives to Almond Beverage
Challenges
- Less Awareness About the Product of Almond Beverage
- Intense Competition Among Player
Key Target Audience
Almond Beverage, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.