Almond milk is extracted from almonds by soaking the almond in water and blending the almonds with water and straining the remaining solids to obtain texture of pure milk which has a nutty and creamy flavor. Almonds are rich in iron, protein, calcium, vitamin D, and vitamin E, and act as natural source of anti-oxidant. The almond milk is considered a plant milk and is consumed by vegans as an alternative to animal milk and other lactose intolerant people. In addition, almond milk is used as an ingredient in food & beverage industry for preparing chocolates, yoghurt, frozen desserts, milkshakes, and other milk-based products.
COVID-19 Scenario Analysis:
The pandemic has affected the raw material supply from suppliers to manufacturers and there has been a shortage of labor which has led to the shutdown of manufacturing units.
The food & beverage industry has the lowest effect and people have a high demand for plant-based healthy food items that have anti-oxidants and are good for the immune system.
The pandemic being considered to start because of animal product consumption has led to many changes in the buying pattern of the people and the demand for vegan products has increased.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The changing lifestyle & food habits of people, rapid urbanization, health consciousness among people, the demand for vegan foods due to an increase in vegan eaters, and various diet trends are impacting the demand of almond milk. Moreover increase in lactose intolerant & hypercholesterolemia people, the demand for beta-casein free milk, the use of almond milk by various processed food & beverage industries in manufacturing milk-based foods, and use in the organic cosmetic industry are the factors driving the global Almond milk market. However, high prices of almonds and allergies and skin irritation with the consumption of almond milk are the major constrains. Innovation in the industry is related to the use of almond milk by different food manufacturers for different uses of milk.
Key Segments Covered:
Type
Organic
Conventional
Packaging
Bottles
Cans
Cartons
Application
Beverages
Frozen Desserts
Personal Care
Others
Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Online
Companies covered: Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., Blue Diamond Growers, Hiland Dairy Foods Company, LLC, Galaxy Nutritional Foods Inc., and Tofutti Brands Inc. , Danone, Pacific Foods of Oregon, LLC., Three Trees Organic
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Questions Answered in the Almond Milk Market Research Report:
What are the leading market players active in the almond milk market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?