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Nutty Elixirs: Exploring the Almond Drink Craze
The Almond Drink Market valued at $4538 million in 2022, is projected to hit $7489 million by 2032, showcasing a steady 6.5% CAGR. Almond drinks, favored for their creamy texture and lactose-free nature, cater to lactose intolerant individuals and vegans, contributing to their rising popularity, notably brands like Almond Breeze and Silk Pure Almond. Their widespread adoption has significantly boosted sales, establishing almond drinks as a leading global milk substitute.
The global market for almond drinks was valued at US$ 4538 million in 2022. It is projected that the market would grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2032, or around US$ 7489 million. Moving forward, these two crucial factors will contribute to the increased demand in almond drinks.
Almond cocktails are made with ground almonds, which have a nutty flavour and creamy texture.Almond drinks are a great option for those who are lactose intolerant or avoid dairy products, especially vegans, as they don't contain lactose. The two most widely consumed almond drinks worldwide are Silk Pure Almond from White Wave Food and Almond Breeze from Blue Diamond. Since almond milk is the most popular milk alternative in the world, sales of almond drinks have increased dramatically.
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Dietary restrictions may also be playing a vital role in the rise of almond drinks in the recent past, as the drinks lacks high amount of lactose as compared with traditional milk and milk-based products. Almond drinks are rich in protein and is calcium fortified drinks. Almond drinks are contains low calories which helps in reducing the risk of heart disease.
Almond drinks consists high amount of lipids, proteins and fibers which makes it a healthy drink and is mostly consumed by people that are lactose intolerant and others. Almond drinks also contains essential nutrients such as vitamin B6 and C, riboflavin, etc.
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
Almond drink market is segmented on the basis of distribution channel
online stores
supermarket/hypermarket
retail stores
others
Almond drink market is segmented on the basis of application
cheese
desserts
snacks
beverages
cold-pressed milks
others
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