Almond Drink Market to Hit USD 8 billion at a growth rate of 6.14 percent- Says Stellar Market Research
Pune, 21, May 2024: Stellar Market Research, a Food and Beverage business research firm has published a report on the “Almond Drink Market”. The total market opportunity for the Almond Drink Market was USD 5.27 Bn. in 2023 and is expected to grow at 6.14 percent CAGR through the forecast period by reaching nearly USD 8 Bn.
Almond Drink Market Report Scope and Research Methodology
Market Size in 2023: USD 5.27 Billion
Market Size in 2030: USD 8 Billion
CAGR: 6.14 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 230
No. of Tables: 138
No. of Charts and Figures: 191
Segment Covered: By Type, End Use, and Distribution Channel.
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
The Almond Drink Market report gathered data through a blend of primary and secondary research methods, ensuring its authenticity. Primary research involved distributing questionnaires, conducting surveys, and holding phone interviews with experts, industry leaders, marketers, and entrepreneurs within the Almond Drink industry. Employing a bottom-up approach, the report estimated both global and regional market sizes. Additionally, a SWOT analysis was utilized to highlight the strengths and weaknesses of key players in the Almond Drink industry.
The Almond Drink Market report offers a comprehensive examination of the leading players’ strategies within the industry, coupled with a thorough analysis of market segments and regional dynamics. Additionally, it furnishes crucial figures on import/export consumption, supply and demand, pricing, costs, revenue, and gross margins, rendering it an invaluable resource for investors navigating this sector. Delving deep into market dynamics, the report explores drivers, restraints, opportunities, and challenges on both regional and segment levels.
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Almond Drink Market Overview
The almond drink market has witnessed significant growth, majorly fuelled by intensifying consumer demand for non-dairy products, also growing awareness of health and emphasis on sustainability has been influencing the Market growth. One of the major factors is the increased recognition of lactose intolerance and dairy allergies among consumers, prompting them to seek out alternatives such as almond drinks. Additionally, the increasing popularity of veganism and plant-based diets has boosted the market’s growth, as almond drink is preferred more than alternative drinks.
Almond Drink Market Dynamics
Many consumers view almond milk as a healthier alternative to traditional dairy milk thanks to its lower calorie content, absence of cholesterol, and lack of saturated fat. The perception is especially attractive to health-conscious individuals, driving the market growth. Key factors contributing to the rising popularity of almond milk include its appeal as a nutritious milk substitute and its favorable taste, both of which have significantly boosted its market growth.
Almond Drink Market Regional Insights
North America dominated the market with the highest market share and is expected to dominate the market with an increasing CAGR through the forecast years. Increasing familiarity with alternative kinds of milk, bolstered by their regular presence on the menus of major American coffee chains, is enhancing market growth. Additionally, environmental concerns associated with dairy production are prompting more US consumers to adopt milk alternatives.
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Almond Drink Market Segmentation
By Type
- Sweetened
- Unsweetened
- Flavored
Based on Type, the unsweetened segment is expected to hold the largest share of the Almond Drink Market share. The surge in demand for Sugar-free almond drinks owing to their health benefits and the increasing trend of sugar-free and non-dairy products has propelled the market growth.
By End Use
- Beverages
- Cereal Breakfast foods
- Desserts and sweets
- Others
By Distribution Channel
- Online
- Offline
Almond Drink Key Competitors include:
- NuMilk
- GLEANERS
- Blue Diamond Growers
- Califia Farms
- Alpro
- Rude Health
- Plenish
- Drink Bruce
- Malk Organics
- Dream Plant Based
- Goodmylk Co.
- Forager Project
- Mylkman
- Ecomil
- New Barn Organics
- Earth’s Own
- Happy Planet
- Three Trees
- Mooala
- Ripple Foods.
- Califia Farms.
- XXX Ltd.
Key questions answered in the Almond Drink Market report are:
- What is Almond Drink?
- Which market segment held the largest share of the global Almond Drink market in 2023?
- What are the global trends in the Almond Drink Market?
- What growth strategies are the players considering to increase their presence in the Almond Drink Market?
- What are the upcoming industry Distribution Channels and trends for the Almond Drink Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Almond Drink Market?
- Who are the leading companies and what are their portfolios in the Almond Drink Market?
- What are the major challenges that the Almond Drink Market could face in the future?
- Which region held the largest Almond Drink Market Share in 2023?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022 )
- Past Pricing and price curve by region (2018 to 2022 )
- Market Size, Share, Size & Forecast by Different Segments | 2023−2030
- Almond Drink Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Almond Drink Market Segmentation – A detailed analysis by Type, End Use, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research is leading Food and Beverage research firm, has also published the following reports:
Halloumi Cheese Market – The market size is expected to reach USD 1428.58 Million by 2030 at a CAGR of 11.39 percent during the forecast period. The market is expected to be driven by a surge in plant-based alternatives.
Starter Feed Market – The market size is expected to reach USD 34.06 billion by 2030 at a CAGR of 4.4 percent during the forecast period. The market is expected to be driven by increasing global demand for meat and dairy products, driven by population growth, rising incomes, and urbanization, which significantly impact the starter feed market.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Production and demand analysis, and client impact studies.
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Website: https://www.stellarmr.com/report/Almond-Drink-Market/1895
