Leading Almond Milk Application Markets Databank
The Almond Milk market was valued at $6,650.0 Million in 2020, and is projected to reach $8,192.6 Million by 2029 growing at a CAGR of 2.38% from 2021 to 2029. Beverages segment is expected to be the highest contributor to this market, with $2,405.1 Million in 2020, and is anticipated to reach $2,977.2 Million by 2029, registering a CAGR of 2.44%. Personal Care segment is anticipated to reach $2,124.0 Million by 2029 with the highest CAGR of 2.47%. Beverages and Personal Care segments collectively expected to account for about 61.9% share of the Almond Milk market in 2020, with the former constituting around 36.2% share. Personal Care and Beverages segments are expected to witness significant growth rates at a CAGR of 2.47% and 2.44% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 61.9% in the overall Almond Milk market in 2020, and is anticipated to reach 62.3% by 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook