Market Research Future (Food and Beverages) Almond Milk Market Research, Size, Share, Trend | Page 3

Almond Milk Market Research Report – Forecast to 2023
2 Market Overview
Almond Milk market is expected to grow at the CAGR of 15.19%. Almond milk is a substitute of the animal based
traditional milk products. Almond milk is derived from the plant based sources and is lactose and casein free. Almond
milk comes in various types sweetened, unsweetened, plain, and flavored, moreover it is usually enriched with
vitamins.
The foodservice 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 trend of fast-food consumption has considerably impacted the growth of in-store restaurants, take-away shops,
or pub- restaurants. Almond milk brings in efficiency food preparation as they allow cooking go fast saving time. All
such factors have resulted in huge demand of non-dairy almond milk in foodservice industry.
Key Findings
New product launches with variety of flavors are among the key strategies of the market players
Asia Pacific is expected to be the most favorable market for almond milk manufacturers in the coming years
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