Categories: Food and Beverages
Almond beverages are drinks made from pulverised almonds that have a creamy texture and a nutty flavour. Consumers who are lactose intolerant and avoid dairy products like these drinks because they do not contain lactose. Blue Diamond's Almond Breeze is one of the most well-known brands related with the production of almond drinks, and it is widely enjoyed around the world. The rise in demand for almond drinks in recent years is mostly due to increased awareness about dietary restriction. These drinks are high in fibres, proteins, and fats, and so are consumed by a significant number of individuals all over the world.
The need to consume lactose-free dairy products in order to maintain a healthy galactose level in the body has resulted in an increase in demand for almond drinks in recent years. When it comes to sales, the growth trajectories of almond drinks and dairy milk are the most striking. According to Insights and Reports, almond milk sales increased 7.9% in 2016, while regular milk sales decreased 7%. The almond drinks market, on the other hand, is being held back by a lack of understanding about the benefits of products among all segments of the population.
The market has been divided into five regions: North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. The market was dominated by North America, followed by Europe and Asia Pacific. The domination of the North American almond drinks market has stemmed from an increase in the number of lactose intolerant consumers over the years.
In addition, by 2020, retail sales of almond drinks are predicted to reach US$ 1.8 billion.
The almond market is very competitive, with various companies focusing on product innovation, new launches, mergers and acquisitions, and global growth in order to gain market dominance. Furest Day Lawson, Natura Foods, Alpro, Blue Diamond Growers, and Malk Organics are among the leading companies in the almond drinks market.