Almond drink market Key Players Analysis - 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 characterized by a creamy texture and the distinct nutty flavor of almonds. Driven by increasing health awareness, consumers are increasingly opting for organic almond milk products, which are manufactured without the use of additives or thickeners. Consequently, almond milk alternatives derived from organic ingredients typically command a higher price point compared to those produced from other non-dairy sources.

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The demand for flavored almond milk is anticipated to experience steady growth throughout the forecast period, driven by increasing consumer preferences for beverages that are flavorful, nutritious, blended, and lactose-free. Almond milk, when fortified with proteins, provides a substantial source of zinc, which promotes healthy skin and aids in preventing premature hair greying. Consequently, this formulation is gaining traction among cosmetic manufacturers for use in skin and hair care products. These factors are expected to play a significant role in the global growth of almond milk sales. Nevertheless, the risk of aflatoxin contamination presents a considerable challenge to market expansion, as it can adversely impact 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 diverse applications of almond milk across multiple industries are anticipated to significantly propel the growth of the global market during the forecast period. A primary growth driver is the increasing prevalence of lactose intolerance, a condition that limits the ability to digest lactose, the sugar present in dairy milk. The associated discomfort compels consumers to seek alternative dairy products, thereby creating a substantial market opportunity for almond milk. Furthermore, the ongoing consumer transition toward plant-based and dairy-free alternatives continues to support market expansion.

Challenges:
Rising almond prices remain a critical challenge for the global almond milk market. Geopolitical instability in key almond-exporting regions, such as Afghanistan, has contributed to supply constraints amid growing demand, resulting in price inflation. These factors pose risks to production consistency and cost stability. Additionally, limited consumer awareness of the nutritional advantages of almond milk, especially in developing markets, restricts broader adoption. The prevailing preference for conventional animal-based milk in several regions may also impede market penetration and revenue growth throughout the forecast horizon.

Regional Trends:
The North American almond milk market is expected to experience steady growth during the forecast period, driven by heightened demand for frozen desserts and ready-to-drink products. Consumer trends favoring healthier eating habits and nutritious snacking options are anticipated to underpin market expansion. Increased awareness of the health benefits linked to non-dairy and plant-based beverages further supports this growth. Moreover, growing environmental awareness and the incorporation of almond milk into everyday dietary practices are projected to strengthen market development in the region.

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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.