The global almond drink market is experiencing a significant growth, and will grow considerably in next few years owing to the rising consumption of lactose free food products. Almond Drink is a made from crushed almonds. It has creamy texture and nutty flavor. Almond drink is free from lactose or saturated fat and is therefore easily digestible. The consumers with lactose intolerance who avoid dairy products prefer almond drink over cow or goat milk.
Consumers demand almond drinks because of its healthy nutrients and its cholesterol free properties.
The worldwide outbreak of covid 19 has led to serious implications in all the economic sectors. The covid 19 outbreak in all over the globe has created medical emergency due to which the demand for food items, hygiene products and medical product market are growing. In the covid 19 scenario people are more inclined toward consuming safe, reliable and healthy foods. Therefore, covid 19 has increased the sales of traditional, healthy and staple food items. The frozen non-veg food, fruits& vegetables, eggs, pulses, flour and whole grains are experiencing growth in the covid 19 scenario. However, packaged and processed foods, coffee, pastries, milkshakes, sweets, chocolates, cheese and other bakery products have experienced a decline in its sale due to which the demand for almond drink also declined. Moreover, the lockdown scenario in various countries has hampered the production and supply chain of the almond drink products. The consumer buying behavior may change permanently post covid 19. Companies have to build robust sales plan for recovery. They might have to adopt e-commerce platform and omnichannel in their supply chain.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers And Impact Analysis
The rising demand for lactose free food and beverages is the key factor driving the growth of almond drinks. Almond drinks do not contain calories and lactose. The rising health consciousness among consumers and the trend of adopting healthy lifestyle is further propelling the growth of the almond drink market. As the people are shifting toward healthy eating habit they are switching to almond drink from cow milk due to its various nutritional benefits.
This consumer preference shift has also led to the increased consumption of dietary supplement made from almond drink. The almond drinks are easy to digest and therefore its consumption is rising. Almond drinks helps in maintaining galactose level in the body and it is rich in vitamin, mineral and calcium.
The global Almond Drink market trends are as follows:
New product launches to flourish the market
The leading market players are launching new products to serve the increasing demand of almond drink. The market players are launching almond drink with enhanced taste by incorporating new flavor into it. For instance, may 2020, Coca Cola launched almond drink product line available in vanilla flavor, unsweetened and original form, under the brand name “simply”.
Key Benefits of the Report:
- This study presents the analytical depiction of the global almond drink industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global almond drink market share.
- The current market is quantitatively analyzed to highlight the global almond drink market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global almond drink market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the almond drink market research report:
- What are the leading market players active in the almond drink market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Almond Drink Market Report Highlights
By Distribution Channel
Key Market Players
Rude Health, NATURA FOODS, MALK Organics, DREAM, Fuerst Day Lawson, Nutriops S.L., The Pressery, Alpro, Provamel, THE LUZ ALMOND COMPANY PTY Ltd., Blue Diamond Growers