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Global Almond Milk Market 2016-2020

  • Published: Oct 2016
  • Pages: 87
  • SKU: IRTNTR10601
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This market research report on almond milk identifies players like Blue Diamond Growers, Califia Farms, Earths Own Food, and WhiteWave Foods to be the key vendors in the global market. This research report also presents a detailed segmentation of the market by product type (plain and flavoured almond milk) and geography (APAC, Europe, North America, and ROW).

Overview of the global almond milk market

Technavio’s market research analyst predicts the global almond milk market to grow at a CAGR of more than 15% between 2016 and 2020. The new-age consumers, especially millennials, are demanding high-quality, healthy, premium-brand dairy products, which has propelled the almond milk manufacturers to come up with several new premium products to meet the customer demands. Some manufacturers are re-inventing their products by offering premium almond milk with a unique creamy taste that is produced using artisanal practices. Several retailers are coming up with super-premium almond milk for consumers seeking premium and health beverage products. Moreover, the health benefits associated with dairy-alternative milk continues to be the key selling proposition with about 90% of the dairy-alternative drinks being launched globally in 2015.

Consumers are shifting towards organic variants of almond milk owing to the growing health consciousness. The organic almond milk is prepared without any thickeners or additives for the creamy texture. Organic almond milk is expensive compared to other non-dairy alternatives as the organic almonds used for making such milk, are comparatively high-priced. Moreover, over 10% organic activated almonds are used in the preparation of almond milk. For instance, Nutriops, a premium organic almond milk manufacturer has come up with several organic milk products like EcoMil Almond milk sugar-free Bio 1 L, EcoMil Almond milk sugar-free calcium Bio 1 L, EcoMil Almond milk sugar-free protein Bio 1 L.

Competitive landscape and key vendors

Characterized by high competition, vendors in the global almond milk market compete in terms of price, quality, product differentiation, distribution, and promotion. The established players in the market have huge manufacturing facilities and a vast geographic presence across the globe. It is necessary for the vendors to continuously innovate in terms of blending, flavor, and taste to respond to customers' evolving taste preference and to increase their market presence globally.

Leading vendors in the market are -

  • Blue Diamond Growers
  • Califia Farms
  • Earth's Own Food
  • WhiteWave Foods

Other prominent vendors in the almond milk market include Freedom Foods, Hain Celestial Group, Hiland Dairy Foods, Nutriops, Pacific Foods, Pureharvest, Sanitarium Health and Wellbeing, SunOpta, and The Bridge.

Segmentation by product type and analysis of the almond milk market

  • Plain
  • Flavoured

The demand for flavored almond milk will rise significantly during the forecast period owing to the growing demand for tasty, nutritious, blended, and lactose-free milk among the millennials worldwide. Flavored almond milk is highly preferred by children and the rising vegan and vegetarian populations globally. Consumers in North America and Europe particularly prefer flavored almond milk, which is not only lactose-free but also gluten-free and suitable for vegan and vegetarian consumers. For instance, Pacific Foods offers various almond milk products such as Organic Unsweetened Almond Vanilla, Organic Almond Chocolate Single Serve 4 Pack, and Organic Almond Vanilla Single Serve 4 Pack in these regions, owing to the demand from health-conscious consumers.

Geographical segmentation and analysis of the almond milk market

  • APAC
  • Europe
  • North America
  • ROW

North America is the largest revenue contributing region in the market and will continue its dominance throughout the forecast period. Much of the region’s growth comes from the consumer preference for better-for-you food and beverage products owing to the rise in the number of people suffering from lactose intolerances. The growing instances of lactose intolerances have resulted in the demand for dairy-alternative beverages like almond milk, which is fuelling the growth of the almond milk market in the region. With the growing focus on gluten-free variants of almond milk, the market in North America will grow further in the coming years.

Key questions answered in the report include

  • What will the almond milk market size and growth rate be in 2020?
  • What are the key factors driving the global almond milk market?
  • What are the key market trends impacting the growth of the global almond milk market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global almond milk market?
  • What are the market opportunities and threats faced by the vendors in the global almond milk market?
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global almond milk market?

Table of Contents

PART 01: Executive summary

  • Highlights
  • Regional product lifecycle for global almond milk market
  • Marketing mix for global almond milk industry

PART 02: Scope of  the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Demographic and economic profile: World

  • Key demographic and economic indicators

PART 06: Market landscape

  • Market overview
  • Global health and wellness food market
  • Global almond milk market
  • Five forces analysis

PART 07: Market segmentation by product type

  • Global almond milk market by product type
  • Global plain almond milk market
  • Global flavored almond milk market

PART 08: Geographical segmentation

  • Global almond milk market by geography
  • Almond milk market in North America
  • Almond milk market in Europe
  • Almond milk market in APAC
  • Almond milk market in ROW

PART 09: Market segmentation by distribution channel

  • Global almond milk market by distribution channel

PART 10: Key leading countries

  • US
  • Canada
  • UK
  • Australia

PART 11: Market drivers

  • Rising levels of lactose intolerance
  • Growing consumer preference for vegan diet
  • Health benefits associated with the consumption of almond milk
  • Positioning as a premium product

PART 12: Impact of drivers

PART 13: Market challenges

  • Environmental concerns with almond production
  • Issues with use of additives in almond milk
  • Threats associated with natural disasters and adverse weather conditions

PART 14: Impact of drivers and challenges

PART 15: Market trends

  • Consumer focus shifting toward organic variants of almond milk
  • Continuous product innovation in terms of flavors and variants
  • Growing demand for almond milk in restaurants and cafés

PART 16: Competitor analysis

  • Competitive scenario
  • Competitive positioning assessment
  • Strategic roadmap for manufacturers operating in the global almond milk market assessment
  • Market positioning matrix based on product portfolio and distribution network for key market players
  • Key almond milk manufacturers mapping based on their market position
  • Comparative assessment of product offerings by key market players
  • Geographic presence of key almond milk manufacturers
  • Blue Diamond Growers
  • Califia Farms
  • Earth's Own Food Company
  • WhiteWave Foods
  • Other prominent vendors

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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