This Grocery Item Is Expected to Fly Off Shelves in 2021
Almond milk is celebrated by nutritionists, chefs and individual consumers alike and has just had a moment. According to food industry experts, the rapid growth and popularity of plant-based milk may not be foreseeable.
According to a Persistence Market Research press release published by PR Newswire, almond milk sales are projected to grow 9% over the next decade as more people turn to this dairy-free, mineral-rich drink. (Related: The One Vitamin Doctors urge everyone to take it immediately.)
Almond milk is a rich source of calcium, magnesium, and iron, and also contains many healthy fats and vitamins. It's also, of course, a vegan-friendly drink that can be used as a substitute for animal milk in many foods and beverages.
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The milk has already far surpassed other milk alternatives. Soy milk has been the primary milk alternative for years. Consumers were spending $ 230 million annually on it until midsummer 2018, but almond milk exceeded it dramatically. At the same time, they spent almost five times as much on almond milk: a staggering $ 1.2 billion. Coconut milk came third with annual sales of $ 104.5 million, followed by rice milk with annual sales of $ 41.6 million.
By late fall 2020, US almond milk sales were expected to be nearly $ 1.4 billion, with Blue Diamond's almond milk milk accounting for around $ 555 million of total sales, Statista reports.
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