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North America Almond Drinks Market Segmented By Form (Sweetened, Unsweetened), Flavor (Chocolate, Vanilla, Plain and Others), By Application (Desserts, Cheese And Snacks, Beverages and Cosmetics), by Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Retail Stores, Others)- And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022-2027)

Published: January, 2022
ID: 3862
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Almond Drinks Market Growth and Forecast (2022-2027):

The North America Almond Drinks Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2027 with an increasing CAGR of XX% during 2022-2027.

Market Scenario:

The almond drink, commonly known as almond milk, is produced from crushed almonds and water and has a creamy texture similar to that of regular milk. Almond beverages have a peanut taste and a creamy texture and are made with ground almonds. Almond drinks are lactose-free, making them ideal for lactose-intolerant persons who avoid dairy products, such as vegans. Almonds are high in protein, vitamins, and fibre, and they provide a lot of energy. In the food business, almond milk is preferred for beverages such as cheese, desserts, snacks, and cold-pressed milk. Almond beverages are created with crushed almonds, water, and other additions and have a creamy, nutty texture. They're lactose-free, low in calories, and popular among lactose and dairy-resistance sufferers. The most notable aspect of almond drinks is that they are dairy and gluten free, which appeals to lactose and gluten sensitivity sufferers. Beverages are high in protein, vitamins, and fibre and are a good source of energy. Most dairy products are heavy in calories and lactose, whereas almond drinks are low in sodium and high in fat (such as omega fatty acids), all of which help to lower the risk of high blood pressure and heart disease.

Recent Development:

  • The Indian subsidiary of the American chocolate and confectionery company Hershey said on Tuesday that it has expanded its portfolio of plant-based drink brand Sofit by introducing Sofit Almond drink.

North America Almond Drinks Market Drivers and Restraints:

Almond drinks are low in carbohydrates and do not dramatically raise blood sugar levels, therefore they help to keep diabetes at bay. Almond drinks provide numerous health benefits, including weight loss, bone health, strength, and digestion ease. Vitamin E, which is crucial for skin health and protects against sun damage, is found in 50 percent of the RDA in almond milk. Key factors in the growth of the North America almond drinks market include a rising preference for almond drinks as a replacement to milk, which are assessed to taste better than milk, are easier to prepare, more nutritional, and have a higher demand for liquid products on the go. During the expected period, there will be a balloon. Thiamine, a water-soluble B vitamin found in almonds, aids in energy metabolism as well as cell growth, development, and function. As people become more aware of the health benefits of dairy alternatives, product coverage will expand. Almond beverages are becoming increasingly popular among health-conscious customers. Vitamin E is high in antioxidants, which are beneficial to skin health. As people become more aware of the different benefits, the market is likely to rise even faster. Low quantities of B vitamins and carbs assist regulate sugar in the body, while others maintain bone health, weight, muscle strength, and are easy to digest.

Almond drinks are high in healthy fats and low in salt, which are the primary drivers driving increased consumption and shifting consumer preferences, and are likely to fuel growth in target countries. Almond milk, unlike regular dairy products, lowers the risk of high blood pressure and heart disease while also being low in calories. One of the key drivers of the North American market for almond drinks is the rise in lactose sensitivity consumers. One of the primary driving forces in the North America almond drinks market is increasing knowledge of the usage of lactose-free dairy products in everyday life to assist maintain the body's level of galactose. One of the key driving reasons in the market is the rise in lactose intolerance. As a result, the North America almond drinks market is predicted to rise rapidly over the forecast period.

North America Almond drinks market expansion is being aided by factors such as the high price of almonds and the availability of alternative vegetable dairy replacements such as soy and pea drinks. The price is the most significant constraint in the almond drink business. When consumed alone, it is poor in protein and can lead to protein shortage. Almonds are costly, and milk prices are rising, making them inappropriate for the general public. Consumption may cause abdominal pains in people with poor digestion. These issues may limit the North America almond drink market's growth.

North America Almond Drinks Market Segmentation Analysis:

By Form:

  • Sweetened
  • Unsweetened

Based on form, unsweetened segment is anticipated to dominate the North America almond drinks market growth during 2022-2027. Unsweetened drinks are becoming more popular as the prevalence of diabetes, high blood pressure, and other cardiovascular disorders rises. According to the World Health Organization, over 10% of Chinese individuals have diabetes, and nearly half of all adults are pre-diabetic, a disease characterized by blood glucose levels that are higher than usual.

By Flavor:

  • Chocolate
  • Vanilla
  • Plain
  • Others

Based on flavor, the chocolate flavor segment accounted for a significant portion of the North America almond drink market. The category is expected to lead the market throughout the forecast period, owing to rising demand for chocolate flavored almond drinks as a dairy chocolate milk substitute.

By Application:

  • Desserts
  • Cheese and Snacks
  • Beverages
  • Cosmetics

Based on application, beverages segment dominates the North America almond drinks market growth in the next six years. Due to its growing popularity as a dairy substitute, the beverage segment accounts for the largest proportion of the almond drink industry. Up to 2024, the dairy alternatives market is predicted to increase at a CAGR of over 15%, driving product demand. With its use in cheese, desserts, snacks, and bread products, food has a significant stake. It is high in vitamin E and antioxidants, which are beneficial to skin health and aid in the regeneration of damaged skin. These, together with rosewater, are used in washing lotions to remove dirt and impurities from the skin.

By Distribution Channel:

  • Online Retail         
  • Hypermarkets and Supermarkets
  • Departmental Stores        
  • Convenience Stores  

The online distribution channel is expected to increase at a faster rate and to see significant expansion during the forecast period. This growth is due to the fact that online outlets provide convenient delivery and discounted sales. In 2018, the convenience store distribution channel accounted for the bulk of market share, and it is expected to rise in the following years.

Regional Analysis:

The North America Almond Drinks Market Report includes the segmentation of countries:

  • U.S
  • Canada
  • Mexico
  • Rest of North America

The North American market currently accounts for the majority of revenue and is likely to continue to do so during the projection period. Consumers are more health-conscious and prioritizes nutrition above content. It has surpassed soymilk consumption in the United States, accounting for over 60% of vegetable milk sales. As a result of the growing number of lactose-intolerant consumers in the region, low-calorie food goals, and improved health awareness, demand for dairy-free beverages is rising. The North America almond drink market is predicted to accelerate its growth as demand for lactose-free beverages grows, greatly increasing market sales contribution during the forecast period.

Impact of COVID-19 on North America Almond Drinks Market:

Items for the wider public Lower demand and disrupted supply chains are causing problems for food and beverage companies. While at-home consumption has increased, out-of-home consumption, which has historically generated the greatest profit margin, has virtually stopped. Long-term changes in customer behavior and demand are possible, due to corona crisis, may further lead to some changes in the almond drink market.

Key Players in the Market:

Major Key Players in the North America Almond Drinks Market are

  • Pressery
  • Fuerst Day Lawson
  • Alpro
  • The Luz Almond Company Pty Ltd
  • Provamel
  • Dream
  • Malk Organics
  • Natura Foods
  • Nutriops S.L
  • Blue Diamond Growers
  • Rude Health

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