Table of Contents
How much almond milk is sold per year?
As of July 2018, annual sales of almond milk came to $1.2 billion, a 10 percent year-over-year unit increase. That’s a long distance ahead of soy milk’s sales which were worth $230 million. Newer entrants to the market like blends and oat milk are recording steady growth and are worth watching.
Who is almond milk target market?
The healthy diet adopters and vegan diet followers are the two major groups of customers which are expected to drive the global almond milk market over the forecast period.
Who is the largest producer of almond milk?
Blue Diamond Growers
Blue Diamond Growers is a California based almond producer and processor, and as of 2020, they were the leading almond milk manufacturer in the United States. In that year, Blue Diamond Growers generated almond milk sales of around 554.24 million U.S. dollars….
| Characteristic | Sales in million U.S. dollars |
|---|---|
| – | – |
How big is the plant-based milk market?
Plant-based milk is the most developed of all plant-based categories, with $2.5 billion in 2020 dollar sales. Plant-based meat is a rapidly growing category, with $1.4 billion in 2020 dollar sales, growing 45\% since 2019.
Why do so many people drink almond milk?
It has a pleasant, nutty flavor and a creamy texture similar to that of regular milk. For this reason, it is a popular choice for people following a vegan diet and those who are allergic or intolerant to dairy. You can find almond milk in most supermarkets, usually in the health food section.
Do more people drink almond milk?
According to internal studies of the non-dairy beverage industry provided by Blue Diamond Growers, we have millennials to thank for this. Not only are millennials the largest consumers of refrigerated non-dairy beverages (with one in two of those born after 1990 buying them), almond milk is our most popular choice.
How is almond milk marketed?
b. The global almond milk market is expected to grow at a compound annual growth rate of 14.3\% from 2019 to 2025 to reach USD 13.25 billion by 2025….
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 6.77 billion |
| Revenue forecast in 2025 | USD 13.25 billion |
| Growth Rate | CAGR of 14.3\% from 2019 to 2025 |
Is almond milk more expensive than regular milk?
“Almond milk costs more than whole milk, skim milk and cream, so most locations charge guests to add it to their beverage,” said Haley Jones, a PR representative for Dunkin’.
Which country is famous for almonds?
Top Almond Producing Countries
| Rank | Country | Almonds Produced (Tonnes) |
|---|---|---|
| 1 | United States of America | 2,002,742 |
| 2 | Spain | 202,339 |
| 3 | Iran (Islamic Republic of) | 147,863 |
| 4 | Morocco | 112,681 |
What company sells the most almonds?
Blue Diamond Growers is a California agricultural cooperative and marketing organization that specializes in almonds. Founded in 1910 as the California Almond Grower’s Exchange, the organization claims to be the world’s largest tree nut processing and marketing company.
What is almond milk?
Almond milk is made of ground almonds and water but can include other ingredients depending on the type. Most people purchase it premade, though it’s fairly easy to make at home as well. During processing, almonds and water are blended and then strained to remove pulp. This leaves a smooth liquid ( 3 ).
How big is plant based meat market?
The US Plant-based Meat Market was valued at US$ 1.06 Billion in 2020, and is estimated to reach US$ 2.63 billion by 2027, growing at a CAGR of 13.86\% Plant-based meat is an imperative component of the United States diet, in which people adopt a plant-based eating lifestyle devoid of animal-based foods.
What is the market size of the global Almond market?
Global Almond Market Scope: Report Metric Details Market size value in 2019 US$9.286 billion Market size value in 2025 US$12.073 billion Growth Rate CAGR of 4.47\% from 2019 to 2025 Base year 2019
Why imimarc group’s almond milk market report?
IMARC Group provides an analysis of the key trends in each sub-segment of the global almond milk market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, category, packaging type, application and distribution channel.
How has covid-19 impacted the global almond milk market?
Get detailed insights regarding the impact of COVID-19 on the market. The global almond milk market reached a value of US$ 6.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.3\% during 2021-2026.
Which region is expected to dominate the almond milk market?
Almond milk is prominently used in the APAC countries, especially India and China, and hence the product is likely to witness favorable growth over the forecast period in this region. Vast application scope of the product in the food and beverage industry has resulted in an inflated demand from countries, especially China and Japan.