Almond drink market Top Companies Study - Fuerst Day Lawson, The Pressery, DREAM, Nutriops S.L., NATURA FOODS.

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

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.

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The demand for flavor-infused almond milk is projected to grow steadily over the forecast period, driven by rising consumer preference for beverages that are flavorful, nutritious, blended, and lactose-free. Almond milk, when combined with proteins, serves as a rich source of zinc, which supports healthy skin and helps prevent premature greying of hair. As a result, this combination is increasingly utilized by cosmetic manufacturers in the formulation of skin and hair care products. These factors are expected to contribute significantly to the global expansion of almond milk sales. However, the presence of aflatoxin contamination poses a notable challenge to market growth, as it can disrupt both supply chains and production processes.

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

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Market Dynamics
Drivers:
The multifunctional applications of almond milk across various industries are expected to significantly contribute to the growth of the global market during the forecast period. A key driver is the rising prevalence of lactose intolerance, a condition where individuals are unable to digest lactose, the sugar found in dairy milk. The discomfort associated with this condition necessitates the adoption of alternative dairy products, creating a substantial opportunity for the almond milk industry. The growing consumer shift toward plant-based and dairy-free options further supports market expansion.

Challenges:
The increasing cost of almonds remains a major concern for the global almond milk market. For example, geopolitical instability in major almond-exporting countries such as Afghanistan has led to reduced supply despite growing demand, thereby inflating prices. Such events pose risks to consistent production and pricing. Additionally, limited consumer awareness regarding the nutritional benefits of almond milk, particularly in developing regions, presents a barrier to widespread adoption. The strong preference for traditional animal-based milk in many parts of the world may also hinder market penetration and revenue growth during the forecast period.

Regional Trends:
The North American almond milk market is projected to witness steady growth over the forecast period, driven by increased demand for frozen desserts and ready-to-drink beverages. The regional consumer shift toward healthier eating habits and nutritious snacking alternatives is expected to support market expansion. The population's heightened awareness of the health benefits associated with non-dairy and plant-based beverages further contributes to this growth. Additionally, rising environmental consciousness and the integration of almond milk into daily dietary routines are anticipated to bolster the North American market's development.

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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.