The food service industry plays a key intermediary role between producers and processors at one end and consumers at the other end. The consolidation and market concentration of foodservice industry creates multitude of opportunities for the market growth of almond milk market. Evolving economic standards and social habits coupled with increasing trend of fast-food consumption has considerably impacted the growth of takeaway shops, in-store restaurants, or pub- restaurants. The increased efficiency offered by almond milk in food preparation may raise the demand for non-dairy almond milk in foodservice industry.
Geographically, almond milk market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America, there is been increased in the demand for almond milk market due to changing consumer preference towards consumption of healthy food products. Moreover, the presence of large number of almond milk manufacturers along with their well-equipped manufacturing bases in the region is likely to further contribute positively to the growth of the almond milk market in the region.
Europe is expected to witness considerable growth in the market due to increased health consciousness among people in the region. Changing lifestyle, increased prevalence of chronic health disorders and growing trend of consuming organic food products may promote the growth of almond milk market in the region.
Asia Pacific is expected to be the fastest growing region for almond milk market during the forecast period. Growing awareness regarding plant-based milk products, increasing health consciousness among people and increasing research and development activities in the field of almond milk are likely to further raise the demand for almond milk in the near future.
Latin America and Middle East and Africa are likely to experience steady growth in the market due to lack of awareness among people regarding personal health and hygiene, relatively slow growth of food industry and lack of technological advancements in the regions.
Almond milk market is segmented based on type, packing type, and distribution channel.
By type, flavoured almond milk is expected to gain major traction in global market during forecast period 2019-2026. This is attributed to increasing fondness for flavored milk and consumers majorly inclined towards known flavours such as vanilla, mango, dark chocolate and others.
Based on packing type, almond milk market is segmented into glass, carton, and others. Carton packaging is popularly used for almond packaging. Cartons can be recycled or it is eco-friendly which is usually accepted by the consumers for food packaging. For instance, according to a survey conducted by the Carton Council of North America, 92 % of consumers noted that they expect their food packaging to be recycled.
Among distribution channels, stored channels are likely to be popular and convenient for distribution of the almond milk. It is one of the fast-food beverage which is commonly available at convenience stores or public crowded places.
Almond Milk Market Segmentation
By Packing Type
By Distribution Channel