Almond Drink Market Beyond the Nut: Exploring the Growth Potential of the Almond Drink Market

Almond Drink Market to reach over USD 8.23 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Almond Drink Market Size, Share & Trends Analysis Report By Type (Sweetened And Unsweetened), Application (Food Service Industry, Household) And Distribution Channel (E-Commerce, Retail, Supermarket/Hypermarket, And Others. )- Market Outlook And Industry Analysis 2031"

The global almond drink market is estimated to reach over USD 8.23 billion by 2024-2031, exhibiting a CAGR of 7.69% during the forecast period.

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Almond milk is a plant-based beverage with a creamy consistency and nutty flavor of almonds. Due to growing health concerns, consumers are turning to organic almond milk options, as this natural almond milk is produced without additives or thickeners. Almond milk substitutes made from organic ingredients cost more than those made from other non-dairy sources.

Demand for flavor-infused almond milk is anticipated to increase throughout the forecast period due to consumer demand for blended, delectable, nutritious, and lactose-free milk. Almond milk, coupled with any protein, is a strong source of zinc that helps keep hair from greying and keeps the skin clear of blemishes. Thus many cosmetic producers employ this combination to create skin and hair care products. These elements are anticipated to fuel the increase in sales of almond milk on a global scale. However, aflatoxin contamination of almond milk might be a significant obstacle to the market's growth pace because it interfered with supply and production.

List of Prominent Players in the Almond Drink Market:
• Alpro
• Provamel
• MALK Organics
• Fuerst Day Lawson
• The Pressery
• DREAM
• Nutriops S.L.
• NATURA FOODS
• Rude Health
• Blue Diamond Growers
• THE LUZ ALMOND COMPANY PTY Ltd.

Market Dynamics:
Drivers-

Numerous companies use almond milk for a variety of purposes. Over the projected period, its multi-functionality is a key aspect anticipated to fuel the global market's revenue rise.

A significant factor in the growth of the worldwide almond milk market's revenue is the increase in the number of people who are lactose intolerant. The inability of the human body to completely digest lactose, the sugar in milk, is referred to as lactose intolerance. Since the symptoms of lactose intolerance can be highly uncomfortable, it is necessary for those who have it to look for suitable alternatives to dairy products. This presents a significant opportunity for the almond milk market to grow.

Challenges:
The global market is extremely concerned about the rising price of almonds. For instance, Afghanistan, one of the biggest exporters of almonds and other dry fruits, experienced a rise in demand but a decrease in supply due to escalating hostilities between the Taliban and Afghan forces. The expansion of the worldwide almond milk market's revenue is anticipated to be hampered by incidences similar to these or other reasons that increase the price of almonds.

Moreover, a significant barrier to expanding the global market's revenue is the need for more knowledge about almond milk's advantages among the general populace in developing nations. The majority of the world's population's preference for cow milk and milk from other animals is anticipated to restrain the market's ability to grow financially during the projection period.


Regional Trends:
The North American market is anticipated to expand steadily throughout the forecast period due to the rising demand for frozen desserts and ready-to-drink beverages. Consumers' preference for nutritious snacks over junk food would further restrain industry expansion.

Additionally, improved lifestyles and adopting healthier lifestyles and eating habits are predicted to support the expansion of the North American market's revenue. The health advantages of non-dairy and vegan beverages are better known to North America's health-conscious populace. As a result of consumers' increasing use of almond drinks in daily life and growing environmental concerns, the regional market is expected to develop.

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Recent Developments:

• In May 2020, Coca-Cola introduced the "simply" brand of almond drinks, which come in vanilla flavor, unsweetened, and original form.

• In October 2019, Almond Milk Hot Chocolate was introduced by the American beverage producer Blue Diamond as part of the expansion of its Almond Breeze brand.
Segmentation of Almond Drink Market-
By Type-

• Sweetened
• Unsweetened

By Application-

• Food Service Industry
• Household
• Others

By Distribution Channel-

• E-Commerce Platform
• Retail
• Super Market/ Hypermarket
• Others

By Region-
North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.