London, United Kingdom, September 27, 2017 --(PR.com
)-- The world’s almond milk market has seen continued demand increase during the past few years. This market is set to continue gaining traction through 2022, exhibiting growth at a 15.19% CAGR. By late 2022, the value of the almond milk market is anticipated to cross USD 4.75 billion.
APAC is set to continue holding the dominant position in the world’s market for almond milk in the coming years. This regional market is poised to see steady growth registering the highest CAGR (15.44%) worldwide, fueled majorly by such countries as India, China, Japan. By late 2022, the value of the APAC almond milk market is anticipated to amount to USD 2.16 billion.
Basing on applications, the global almond market is led by the beverages sector with a share of around 55%. This sector is expected to witness robust growth over 2017-2022 to touch the value of USD 2.68 billion.
As for distribution channels, the store-based distribution channel is set to maintain the top position in the market up to 2022; it is forecast to increase at a 15.03% CAGR to amount to USD 3.07 billion. Within the store-based sector, hypermarkets are set to retain its dominance through 2022. Meantime, the non-store based distribution channel is expected to exhibit the highest growth rate in the foreseeable future.
The top players in the almond milk market include Blue Wave Growers, Whitewave Foods, Hain Celestial Group, Galaxy Nutritional Foods, Daiya Foods, Tofutti Brands and Sunopta.
The world’s almond milk market is examined in detail in the cutting-edge study “Global Almond Milk Research Report-Forecast to 2023” (available at https://marketpublishers.com/report/chemicals_petrochemicals/global-almond-milk-research-report-forecast-to-2023.html) worked out by Market Research Future (MRFR) and recently added at MarketPublishers.com.
This report presents in-depth insights into the almond milk market landscape and dynamics, covers the major market growth forces, scrutinises the main market segments and also explores the key regional markets. Besides, this publication discusses top trends, points out the major growth challenges and opportunities, examines the competitive scenario, reviews the top players and provides forecasts for the market development up till 2022.
Many other market research studies can be found at MarketPublishers.com (https://marketpublishers.com/).
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