In addition, over 10% organic activated almonds are used in the processing of almond milk. Organic almond milk is more costly than other non-dairy alternatives because the organic almonds used to produce it are more expensive. For the creamy texture, organic almond milk is prepared without any thickeners or additives. Owing to the growing health consciousness, consumers are shifting towards organic variants of almond milk. In 2020, organic almond milk segment dominated the market, accounting for XX% of global sales. Market Segmentation: By nature, organic segment is expected to hold highest market share of XX% Demand for almond milk is expected to rise as a result of these factors. In addition, milk chocolate companies often use almond milk as a primary ingredient for fruit and nut chocolates. The confectionary shops and bakeries have also started using almond milk for baking almond bread, cookies, pastries, cream liquor, chocolates, and cakes for vegan consumers. For example, Danone has come up with flavored milk and shakes, yogurt, nuts ice-cream and frozen desserts which are made using almond milk. New products with almond milk as a primary ingredient have been developed by market leaders and new entrants that can be consumed by lactose intolerant and vegan customers. It also contains vegetable nutrients, which prove to be an excellent source of high-quality protein, minerals, antioxidants, and vitamins, which will expand the almond milk market over the coming years. Almond milk can be used in any recipe that calls for animal milk. Almond milk is a healthy and tasty alternative to conventional dairy drinks for people who are lactose intolerant. As per a report published by the National Institutes of Health (NIH), most of the lactose-intolerant population belongs to Eastern Asia, thus offering a broader scope for the almond milk manufacturers to tap such regions. Lactose intolerance in adulthood is most common in East Asian descent, with 70 to 100 percent of people in these communities suffering from the condition. After infancy, nearly 65 percent of the human population has a decreased ability to digest lactose. For instance, about 30 million American adults have some degree of lactose intolerance by age 20.
Market Dynamics: Rising incidence of lactose intoleranceĪ potential factor driving product demand is the rising incidence of lactose intolerance and diabetes in countries such as China, Japan, Germany, and the United States, where a shift in lifestyle and high exposure to pollutants affect the majority of the population. The global almond milk market is likely to reach USD xx million in 2028, from its recorded value of USD xx million in 2020, growing with a CAGR of XX% during the forecast period. An increasing number of health-conscious consumers, coupled with a rising inclination towards plant-based products, is anticipated to drive the market over the forecast period. As a milk substitute, almond milk is popular with lactose-intolerant people, allergic to gluten, have heart disease, or want to reduce their consumption of animal products. It is derived from almond and is lactose and casein-free, and rich in several healthy nutrients. Almond milk is a plant-based dairy alternative known to be rich in vitamin E and omega-3 fatty acids.
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