Global Almond Drink Market Overview 

Almond Drink market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 7.60 billion by 2032.

Consumers are increasingly looking for healthier beverage options, and almond milk is perceived as a nutritious, low-calorie, and dairy-free option. The prevalence of lactose intolerance and dairy allergies has increased demand for dairy-free alternatives such as almond milk. Almond milk has grown in popularity due to its compatibility with plant-based and vegan diets.

Segment Analysis

The global Almond Drink market has been segmented based on Form, Application, and Distribution Channel.

On the basis of form, the market is segmented into sweetened, unsweetened, and flavoured. The unsweetened segment was attributed to holding the largest market share in 2022. Almond beverages without added sugar are an excellent source of fibre, protein, and vitamins and minerals. People are increasingly choosing plant-based milk substitutes in emerging nations for a range of reasons, such as ethical, environmental, and health considerations. Almond milk without sugar is a well-liked plant-based milk alternative.

Based on application, the global almond drink market has been segmented into Food & Beverages, and Cosmetics. The food & beverages segment was expected to hold the largest market share in 2022 with more than 50% because the food and beverage industry's need for plant-based milk substitutes is rising. Almond milk is widely recognised as a superior substitute for cow's milk. Protein, fibre, vitamins, and minerals may all be found in almond milk. It is a healthy substitute for cow's milk because it is low in calories and sugar.

Based on distribution channel, the global almond drink market has been segmented into hypermarkets/supermarkets, department & grocery stores, online retailers, and others. The hypermarkets/supermarkets segment was expected to hold the largest market share in 2022. Supermarkets and hypermarkets readily allow customers to locate and buy the items they want. A variety of brands and flavours of almond beverages are available in these establishments. Fresh fruit, prepared meals, and groceries are among the additional products and services that hypermarkets and supermarkets provide.

Regional Analysis

The global Almond Drink market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Almond Drink market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Almond Drink market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Almond Drink market comprises of Middle East, Africa, and Latin America.

The largest market share for Almond Drink was maintained by the North American regional sector. The market in this region is expected to grow steadily over the forecast period due to rising demand for ready-to-drink beverages and frozen desserts. Consumers prefer healthy snacking to junk food, which will have an additional impact on market growth. Improved lifestyles and healthier eating habits are said to boost revenue growth in the North American market. North America's health-conscious population is becoming more aware of the health benefits of drinking vegan, non-dairy, and non-GMO beverages. The growing acceptance of almond drinks in consumers' daily lives as a result of rising environmental concerns is expected to drive the regional market even further.

Moreover, the Europe market has been persistently growing over the forecast period. The growing popularity of flexitarian and vegan diets, this region is experiencing significant growth. The growing demand for functional beverages among consumers in Europe is likely to boost demand for almond drinks.

Additionally, flavored almond drinks are becoming increasingly popular in the Asia Pacific region because they provide consumers with a variety of flavor options. Vanilla, chocolate, and strawberry are among the most popular almond drink flavors in the Asia Pacific region. Organic products are becoming increasingly popular among Asian consumers, and almond drinks are no exception.

Furthermore, the rest of the world's Almond Drink market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of almond milk and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Almond Drink market size is expected to reach USD 7.60 billion by 2032, at a CAGR of 6.00% during the forecast period.
• The growing popularity of vegan and vegetarian diets is a major market driver for almond milk. Almond milk is high in protein and calcium, two nutrients that can be difficult to obtain on a vegan or vegetarian diet.
• Based on application, the Food & Beverages segment was attributed to holding the largest market in 2022, with an approximate market share of more than 50%.
• 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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