During the forecast period, the almond drink market is expected to register a CAGR of 5.1%, with the global market value going from USD 4,719.5 million in 2023 to USD 7,751.1 million by 2033.
Several aspects, such as a rise in health consciousness and lactose intolerance among consumers, drive the growth of the market. This is followed by the immense innovation seen in almond drinks and blends, which appeal to a wide consumer base, meaning that their availability and distribution will be seen to rise.
The growing vegan and vegetarian population provides an increased consumer base to companies and allows for an expansion of emerging markets. Companies are also seen to be experimenting with added nutrients and flavors, which are seen as beneficial by many consumers.
What are some of the Key Takeaways in the Almond Drink Market?
- The United States market contributed 4.4% of the global market share in 2022.
- The almond drink market in Germany added 4.9% to the global market share in 2022.
- Japanese almond drink market accelerated the global market share by 4.9% in 2022.
- In 2022, the Australian market augmented by 3.1% to the global market share.
- China displayed a CAGR of 4.4% in the year 2022.
- According to the sources of FMI, the almond drink market in India expanded at a CAGR of 13.2% in 2022.
- The United Kingdom almond drink market accelerated at a CAGR of 2.7% in 2022.
What Does the Competitive Landscape of the Almond Drink Market Look Like?
The companies in the almond drink market generally focus on offering a wide selection of products to their consumer base and expanding their horizon beyond just almond beverages. They tend to offer vegan beverages to accompany coffee, tea or to add to other recipes. They also offer several flavors in the beverage, such as chocolate, hazelnut, cinnamon, and others.
India also has a considerable contribution to this market. Indian startup companies such as SAIN and Jus Amazin are also leading in the market and offering alternatives more suitable to the Indian palette.
- Califia Farms
Califa Farms considers it its mission to create a future where plants replace dairy completely. They have a line of plant-based milk. They are known for their almond milk, but it also comes in variations and flavors. They also have creamers, coffee, barista blends, and milk in seasonal flavors. They are a sustainable company and believe it is necessary to follow sustainable practices in their production.
- Malk Organics
Malk Organics makes dairy-free products with the best materials possible. They do not use anything artificial and are certified organic. They have flavored, unflavoured, sweetened, and unsweetened milk that can be used in lattes, cocoa, milkshakes, smoothies, and baking. Their bestsellers are their almond and oat milk.
- Natura Foods
Natura Foods offers almond beverages enriched with Vitamin D. It has no cholesterol, no lactose, or trans fat and helps in satisfying non-dairy ways to help consumers stay healthy, happy, and strong. They also offer milk in different flavors and from different sources, such as oat, almond, soy, and many others.
Other Key Players Benchmarking the Almond Drink Market
- Hain Celestial Group
- The Luz Almond Company Pty Ltd
- Nutriops
- Hiland Dairy Foods
- Califia Farms
- Daiya Foods Inc.
- Pacific Foods of Oregon LLC
- Alpro
- Provamel
- Malk Organics
- Dream
- Earth’s Own Food Company Inc.
- Natura Foods
- Rude Health
- Blue Diamond Growers
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments of the Almond Drink Market
By Form:
- Sweetened
- Unsweetened
- Flavored
- Chocolate
- Vanilla
By Application:
- Food & Beverages
- Cosmetics
By Distribution Channel:
- Hypermarkets/Supermarkets
- Department & Grocery Stores
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube