Global Almond Drinks Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021.
Almond Drinks are extracted from almonds which are ground has a creamy texture and nutty flavor. Almond drinks does not have lactose, hence it is highly preferred by consumers who are lactose intolerant and individuals avoiding dairy products, including vegan consumers.
Almond drinks are the most consumed alternative to milk worldwide which are propelling the growth of sales over the recent years. Dietary restrictions might also be playing an important role in the rise of almond drinks in the recent times, as the drinks lack high amount of lactose when compared with milk-based products and traditional milk.
Almond drinks are rich in protein and so are calcium fortified drinks. Almond drinks contain low amount of calories which helps to reduce the risk of heart disease.
Almond drinks consists high amount of proteins, lipids and fibers which makes it a healthy drink and is mainly consumed by people who are lactose intolerant.
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The driving factors of global Almond Drinks market are rising demand for lactose-free food products due to their ease of digestion, increasing incidence of lactose intolerance, growing awareness of customers about lactose-free food products and manufacturers offering various dairy products among others. The key factor propelling the growth of this market is rising incidence of lactose intolerance.
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The global Almond Drinks market is segmented based on form, distribution channel, flavor, application and region. The market is divided on the basis of form as plain sweetened form and plain unsweetened form.
On the basis of flavour, the market is divided into chocolate and vanilla segments. By distribution channel the market is categorised into supermarket/hypermarket, online stores, retail stores, and others.
On the basis of application, the market is divided into desserts, cheese, and snacks and beverages.
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The Global Almond Drinks market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Almond Drinks in the world, which is followed by Europe and Asia Pacific regions.
Asia Pacific region is expected to have the fastest growth rate during the forecast period.
Some of the major players in the market are 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.
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