In 2023, the global almond drink market was valued at approximately USD 4,719.5 million and is projected to grow to around USD 7,751.1 million by 2033, reflecting a robust CAGR of 5.1% during this period. This growth trajectory is anticipated to significantly enhance the demand for almond drinks in the coming years.
Almond drinks are made from ground almonds, offering a nutty flavor and creamy texture. They are lactose-free, making them a popular choice among those who are lactose intolerant, as well as individuals who avoid dairy products, including vegans. Notable brands like Blue Diamond’s Almond Breeze and White Wave Foods’ Silk Pure Almond have gained global recognition, contributing to the increasing popularity of almond drinks as the leading alternative to traditional milk.
The rise in almond drink consumption can be attributed in part to dietary restrictions, as these beverages contain substantially less lactose than regular milk and dairy products. They are also rich in protein and often fortified with calcium, while being low in calories, which may help reduce the risk of heart disease.
Additionally, almond drinks are packed with beneficial lipids, proteins, and fibers, making them a nutritious option for many, especially those who are lactose intolerant. They also provide essential nutrients such as vitamins B6 and C, riboflavin, and more, further enhancing their appeal as a healthy beverage choice.
Global Almond Drink Market: Regional Outlook
Geographically, the global almond drink industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East & Africa. Globally, among all regions, North America has developed as the dominant region in global almond drink market followed by Europe and Asia Pacific. Increasing demand for almond drink in lactose-intolerant consumers, has strengthened the growth of global almond drink market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
Global Almond Drink Market: Growth Drivers
The global almond drink market driving factors are increasing demand for lactose-free food products due to the ease of digest which is likely to contribute significantly to the global almond drink market till 2025. Growing levels of lactose intolerance is one of the major driving factor of the market. Rising consumer awareness regarding usage of lactose-free dairy products in day-to-day life which will help in maintaining the galactose level in the body, is one of the major driving factor for the market globally.
Manufacturers are offering innovative dairy products to the consumers in order to remain in the competition in global almond drink market. Growing population of lactose intolerance consumers is also a major factor which is driving the global almond drink market. Hence, the global almond drink market is expected to observe robust growth over the forecast period.
Global Almond Drink Market: Key Players
Some of the key players identified across the value chain of the global almond drink market include Fuerst Day Lawson, The Pressery, THE LUZ ALMOND COMPANY PTY LTD, Alpro, Provamel, MALK Organics, DREAM, Nutriops S,L, NATURA FOODS, Rude Health, Blue Diamond Growers are among others.
The companies are expected to expand their business by enhancing their product portfolio in global almond drink market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global almond drink market till 2025.
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Regional analysis for Almond drink Market includes:
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
Global Almond Drink: Market Segmentation
The global almond drink market is segmented on the basis of form, flavor, distribution channel, application and region.
Almond drink market is segmented on the basis of form
- plain unsweetened form
- plain sweetened form
Almond drink market is segmented on the basis of flavor
- chocolate
- vanilla
The almond drink market is segmented on the basis of distribution channel
- online stores
- supermarket/hypermarket
- retail stores
- others
The almond drink market is segmented on the basis of application
- cheese
- desserts
- snacks
- beverages
- cold-pressed milks
- others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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