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Jan 2023 |
Almond drink is smooth textured milk extracted from raw almonds, and it has nutty flavor. It is made by grinding almonds, mixing with water and rinsing the pulp out; such drinks are free of lactose and cholesterol. Almond milk may also be produced by adding water to almond butter. Almond drinks are a high source of vitamin E and calcium and have low phosphorus and sugar levels. These drinks are highly consumed by lactose intolerants.
Rise in the worries about dietary control and health awareness about diary milk coupled with health benefits of almond drinks are significantly driving the global almond drink market growth
The growth in the concerns about nutrition intake plays a significant role in the growth of the almond drink market. Rise in the health awareness concerning on dairy milk substitutes will further drive the almond drink products’ consumption. These drinks consist of high quantities of proteins, lipids, fibers and contain less amount of carbohydrates. Therefore, ageing people, who are suffering from high sugar levels, prefer almond drinks over diary milk. This factor is anticipated to enhance the market growth. In addition, almonds contain 30% calcium, improves the skin because of its rich vitamin E content and has various other health benefits, including maintenance of bone health. These almond benefits are also predicted to boost the growth of the almond drinks market. Furthermore, the almond drinks don’t contain any saturated fats or cholesterol, thereby making it a major option for the people suffering from heart diseases, which is anticipated to propel the market growth.
Rise in the prevalence of blood sugar and increase in the number of lactose intolerants are anticipated to create significant investment opportunities in the global almond drink market
New developments in the almond drink manufacturing such as using organic almond nuts, that have good nutrient-absorption ability and are easy for digestion are projected to generate substantial growth opportunities in the almond drinks market. In addition, increase in the number of lactose-free products for consumers to maintain the carbohydrates levels in the body, is also expected to boost the growth of the almond drink market in the coming years.
Plain unsweetened type is predicted to be most lucrative in the estimated period
Plain unsweetened type is anticipated to experience noteworthy growth and is predicted to rise at a faster rate during the forecast time. This growth is majorly due to increase in the number of sugar patients; diabetic patients prefer unsweetened drinks to maintain sugar levels in their blood. Plain sweetened type held the global almond market size in 2018 and is anticipated to continue its growth during the estimated period. This dominance is mainly owing to high demand for sweetened almond milk from beverage sectors for use in ice creams, bakery products, shakes and smoothies.
Online channel is anticipated to be most lucrative till the end of 2026
Online distribution channel is anticipated to grow at a faster rate and is estimated to experience notable growth during the projected time. This growth is because of online channels are offering easy delivery and discount sales. Convenience stores distribution channel accounted for the majority of the market share in the 2018 and is anticipated to continue its growth in the coming years. This is mainly because convenience stores are available in both rural and urban areas, making almond drink products easily available. Supermarkets and hypermarkets are also expected to experience healthy growth during the projected time, due to growing number of such stores in the urban areas.
Paper cartons packaging is predicted to be most lucrative in the estimated period
Plastic bottles packaging led the global market size in 2018; this dominance is attributed to plastic packaging that offers protection against moisture, humidity and other damages. In addition, plastic is the one of the major contributors to protect foods from contamination due to microorganisms, insects and sunlight. However, there are growing environmental concerns about plastic disposal since plastic is not bio-degradable; moreover, it requires fossil fuels for the production, which harms the marine ecosystem. These factors will propel the market for paper cartons. Paper cartons packaging will witness significant growth and is anticipated to grow at a rapid pace during the forecast period. This growth is mainly owing to consumers and manufactures preferring paper cartons over plastic bottles. In addition, increase in government regulations on plastic usage and environmental benefits of paper cartons are projected to drive the market growth in the coming years.
Paper cartons packaging is predicted to be most lucrative in the estimated period
The 100 ml – 200 ml quantity almond drink segment is projected to experience noteworthy growth and is predicted to increase the market size in the estimated period. This growth is mainly owing to most of the fast food centers and retailers selling these 100 ml – 200 ml packs and revenue margin on these packs being particularly high. In addition, consumers are preferring 100 ml – 200 ml quantity drinks pack, and this is expected to drive the market growth in the coming years.
Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years
Asia-Pacific region will witness significant growth and is anticipated to generate substantial revenue opportunities during the forecast period. This growth is attributed to increase the consumption of almond drinks by consumers. In addition, disposal income of the consumer and increase in the population in the Asia-Pacific region is also projected to impact the growth of the almond drink market in the projected time. North America region has dominated the global almond drink market share followed by Europe and Asia-Pacific and is anticipated to continue its growth in the estimated time. This dominance is majorly owing to growth in the usage of almond milk over cow milk because almond drinks contain less amount of carbohydrates. In addition, lactose intolerant consumers are projected to drive the almond drink market growth during the estimated period.
To explore more about almond drink market, get in touch with our analysts here.
The major global almond drink market players include NATURAL FOODS (P) LTD., Alpro, FDL Ltd, MALK ORGANICS, Rude Health, Lolo, Blue Diamond Growers, Provamel, Luz Almond, Pressery and among others. The key participants are continuously increasing their efforts to improve the product quality, new product launches, mergers & acquisitions and product development to rise their position in the global almond drink industry.
In January 2020, Blue Diamond Growers has launched new almond protein powder “Blue Diamond® Almond Protein Powder”, which is 100% pure almond protein powder made of California almonds and launched through Amazon.
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Aspect |
Particulars |
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Historical Market Estimations |
2018-2019 |
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Base Year for Market Estimation |
2018 |
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Forecast timeline for Market Projection |
2019-2026 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Product Type |
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Segmentation by Distribution Channel |
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Segmentation by Packaging |
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Segmentation by Quantity |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
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Key Companies Profiled |
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Source: Research Dive Analysis
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