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Almond Drink Market Analysis

Report ID: GMI1838
Published Date: Aug 2023
Report Format: PDF

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Almond Drink Market Analysis

The almond drink market from unsweetened segment dominated around USD 2.6 billion revenue in 2022. Individuals seeking a dairy alternative with lower calories and no added sugars opt for original or unsweetened almond drinks.

Global Almond Drink Market Revenue Share, By Flavor

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The chocolate flavored segment accounted for 40% of the almond drink market share in 2022. Chocolate-flavored almond drinks appeal to consumers seeking a more indulgent beverage option.

The almond drink market from beverages segment is anticipated to grow at 5.1% CAGR through 2032. Almond drinks serve as a popular dairy milk substitute in coffee, tea, and other beverages for individuals with lactose intolerance or dairy allergies.

Based on distribution channel the Hypermarkets/Supermarkets segment will gain remarkable momentum during the forecast timeline. Supermarkets and hypermarkets offer a wide variety of almond drink brands and flavors, making it convenient for consumers to find their preferred options.

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U.S. almond drink market size held over USD 1.1 billion in 2022. The growing popularity of plant-based diets, driven by health and sustainability concerns, fuels demand for almond drinks as a dairy milk alternative.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of almond drink reached USD 4.4 billion in 2022 and is set to surpass USD 7.5 billion by the end of 2032, says this GMI report.

Beverages segment share is expected to observe 5.1% CAGR through 2032, as almond drinks serve as a popular dairy milk substitute in coffee, tea, and other beverages for individuals with lactose intolerance or dairy allergies.

U.S. market share was USD 1.1 billion in 2022, owing to the growing popularity of plant-based diets, driven by health and sustainability concerns, fuels demand for almond drinks as a dairy milk alternative.

Califia Farms LLC, Silk, Blue Diamond Growers, Pacific Foods, Elmhurst 1925, So Delicious Dairy Free, Alpro, Forager Project, MALK Organics, Rude Health, Dream Plant-Based Beverages, Three Trees, New Barn Organics, Mooala Brands, Nutty Life.