Market Overview
The increased preference for vegan food preferences is estimated to bolster the Almond Milk Market Analysis in 2020. The food, beverages & nutrition reports are prepared by Market Research Future, which consists of market selections for advance. The market is set to gain USD 4.12 billion in revenue by 2024, with the backing of a CAGR of 12.8 % in the forecast period.
The preference for plant-based beverages has increased substantially, and this is estimated to create optimistic options for the expansion of the Almond Milk Market Analysis companies. The consumer focus on healthy lifestyle choices is estimated to promote the Almond Milk Market Analysis share in the forecast period.
Key Players
Elmhurst Milked Direct LLC (US), Blue Diamond Growers (US), Hain Celestial Group (US), Natura Foods (Canada), Daiya Foods Inc. (Canada), Sunopta Inc. (Canada), Three Trees Organic (US), Malk Organics (US), Pacific Foods of Oregon, LLC. (US) Rude Health (UK), Orgain, Inc. (US), Danone (France), Califia Farms (US), New Barn Organics (US), Hiland Dairy Foods Company, LLC (US) are some of the strategic companies in the Almond Milk Market Analysis.
Market Segmentation:
The segmental examination of the market has been segmented based on packaging type, category, distribution channel, and region. On the basis of packaging type, the Almond Milk Market Analysis has been segmented into cans, bottles, and cartons. On the basis of regions, the Almond Milk Market Analysis has been segmented into Europe, Asia Pacific, North America, and other notable regions. On the basis of category, the market has been segmented into conventional and organic. Based on the distribution channel, the market has been split into store-based and non-store-based. The store-based segment is additionally sub-segmented into convenience stores, supermarkets & hypermarkets, and others.
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Regional Analysis
The regional overview of the market has been conducted for regions such as Europe, Asia Pacific, North America, and other notable regions. The North American market is projected to rule the market in the forecast period. The US national market is the foremost backing country in this region for the advance of the Almond Milk Market Analysis. The elevated commonness of lactose intolerance in the US is propelling the progress of the Almond Milk Market Analysis in this region. The European Almond Milk Market Analysis also holds a momentous share in the global market. The growing vegan population and intensifying predisposition towards plant-based beverages are estimated to lift the development of the market in this region. However, the market in the Asia Pacific is observed to be a rewarding market for the progress of the market. The collective infiltration of the almond milk creators in the emerging countries of the Asia Pacific is motivating the development of the Asia Pacific market all through the forecast period.
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