The market competition between supermarkets and e-commerce is expected to depend on the variety of products available.īeverage, as an application, accounts for the largest share of almond milk. The e-commerce segment is expected to grow significantly due to the increasing internet and smartphone penetration. The supermarket and hypermarket owners are expanding their product variety to compete online. The manufacturers are improving their network and distribution strategy to reach supermarkets and hypermarkets. Because today's generation is more aware of the negative impacts caused by waste, they prefer glass bottles than cartons.Īlmond Milk Market by Distribution Channelīy the distribution channel, supermarkets and hypermarkets own the largest market share. The milk bottles can be reused multiple times, reducing the amount of waste sent to landfills.
Moreover, unlike plastic and paper, glass is easily recyclable and has a longer life cycle with a smaller carbon footprint.
As a result, milk kept in a glass bottle preserves its unique flavor. The glass bottles aid in the preservation of flavors in a variety of environments. The glass bottle serves as both a marketing tool and an effective milk insulator. Blue diamond, for example, has a wide range of flavors, including a hint of honey, chocolate, reduced sugar vanilla, and so on.īecause of its advantageous features, the glass bottle segment is the most popular. As a result, companies have been driven to create new tastes in order to attract more customers. Vanilla, chocolate, unsweetened almond milk, and more tastes are available in the market. Nutrients are essential in almond milk, but flavor and texture are both important. As a result, demand for almond milk increased significantly throughout the pandemic.Īs the demand for almond-based formulations, blends, and flavors grows, manufacturers will have attractive opportunities to produce novel almond-based formulations, blends, and flavors. Almond milk is the most popular plant-based milk substitute. Retail sales of plant-based products increased by roughly 27%, or USD 7 billion, according to a report by the Plant-Based Food Association. People have started to consume plant-based goods as a result of a revived interest in fitness and weight loss during the pandemic. Plant-based milk alternatives such as almond and oat milk have seen an increase in popularity. Furthermore, manufacturers are introducing new flavors and high-nutrient content to entice their customers.ĬOVID-19: Plant-Based Milk Alternatives Spur the Salesĭespite the fact that the pandemic has had a significant impact on consumer buying, eating, and lifestyle choices, sales of plant-based products have increased dramatically. Furthermore, people are likely to switch to plant-based beverages as a result of increased greenhouse gas emissions from dairy cows and their waste.
Pune, India, Ma(GLOBE NEWSWIRE) - The Almond Milk Market is projected to grow at a compound annual growth rate (CAGR) of 15.2% in the forecast period from 2022 to 2030.Īlmond milk has a number of benefits, including weight loss, antioxidant rich, lactose-free status, and the ability to strengthen bones.
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