In 2023, the global market for almond drinks reached a valuation of USD4,719.5 million. By 2033, it is projected to grow to around USD 7,751.1 million, driven by a steady CAGR of 5.1% from 2023 onwards. These trends indicate significant future demand growth for almond drinks.
Almond drinks are made from ground almonds, offering a nutty flavor and creamy texture. Almond milk is favored by lactose-sensitive individuals and those avoiding dairy, including vegans, as it is lactose-free. Globally renowned brands like Blue Diamond’s Almond Breeze and White Wave Foods’ Silk Pure Almond lead the market. Almond drinks have become the top choice among milk alternatives worldwide, experiencing notable sales growth in recent years.
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Global Almond Drink Market: Regional Outlook
The global almond drink industry can be categorized geographically into major regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. North America currently leads the global almond drink market, followed by Europe and Asia Pacific. The rising demand for almond drinks among lactose-intolerant consumers has bolstered market growth, with expectations of substantial revenue expansion throughout the forecast period.
Global Almond Drink Market: Key Players
Some of the key players identified across the value chain of the global almond drink market include Fuerst Day Lawson, The Pressery, THE LUZ ALMOND COMPANY PTY LTD, Alpro, Provamel, MALK Organics, DREAM, Nutriops S,L, NATURA FOODS, Rude Health, Blue Diamond Growers are among others.
The companies are expected to expand their business by enhancing their product portfolio in global almond drink market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global almond drink market till 2025.
Recent Developments by the Existing Almond Drink Market Players
- In June 2021, Danone declared additional investments for actively expanding its almond milk brand called Silk. The company further launched novel campaigns on Silk Almonds which gained positive results.
- In January 2020, a WhiteWave Services-owned plant-based beverage brand – Silk, announced an addition of a new DHA omega-3 pea, oats, and almond milk beverage to its current range of beverages which are plant-based.
- In October 2019, Blue Diamond, a USA-based company launched Almond Breeze Almondmilk, which is a new Mexican beverage which is hot chocolate flavoured consisting of almond extracts.
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Key Segments of the Almond Drink Market
By Form:
- Sweetened
- Unsweetened
- Flavored
- Chocolate
- Vanilla
By Application:
- Food & Beverages
- Cosmetics
By Distribution Channel:
- Hypermarkets/Supermarkets
- Department & Grocery Stores
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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