Almond Drinks Market Scope
Almonds drink is quite popular in children's and youth population. this drink is also known as healthy drink which provides ample amount of vitamins and other essentials. In addition, almond drink is gluten and lactose-free the plant-based milks. It can be served in both unsweetened and sweetened versions. Sweetened milks contain ingredients such as cane sugar, brown rice syrup, or evaporated cane juice and added flavouring's like vanilla, honey and chocolate. These added sugars add a pleasant taste, but keep an eye out for added calories. Almond milk dominates dairy alternative beverage followed by soymilk.
The Almond Drinks market study is segmented by Type (Sweetened and Unsweetened) and major geographies with country level break-up.
The market of almond drinks is highly fragmented owing to presence of several market players. Almond drink is gaining popularity hence, many of small scale manufacturing are heading towards the market to grab the profitability. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Almond Drinks market throughout the predicted period.
Pacific Foods of Oregon, Llc. (United States), Blue Diamond Growers (United States), Califia Farms (United States), Earth's Own Food Company (Canada), WhiteWave Foods (United States), Freedom Foods Group (Australia), Hain Celestial Group (United States), Hiland Dairy Foods (United States), Nutriops (Spain), Sanitarium Health and Wellbeing (Australia) and SunOpta (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are The Bridge S.R.L (Italy) and Pureharvest (Australia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Almond Drinks market by Type, Application and Region.
On the basis of geography, the market of Almond Drinks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In October 2017, Hispanica International, Inc. has enter into strategic agreement with Victoria’s Kitchen in United States. Company has signed purchases agreement for almonds drinks and other beverages. This agreement is expected to create growth for both companies in beverage category.
In July 2020, Coca Cola Co has launched "Simply Almond". this healthy drink is beneficial for all age group. It is provided in vanilla flavour with no artificial additives. This is best alternative option for coffee and other beverages.
Market Trend
- Growing Awareness about Lactose-Free Food Products
Market Drivers
- Increasing Demand due to Increasing Awareness about the Health Benefits
- Dietary Benefits Offered By Plant-Based Dairy Alternatives
Opportunities
- Increasing Cases of Lactose Intolerance and Milk Allergies
Restraints
- Volatile Prices of Raw Materials
Challenges
- Affects Thyroid Hormone Levels
Key Target Audience
Manufacturers of Almond Drinks, Suppliers of Almond Drinks, Wholesalers, Distributors and Retailers of Almond Drinks and Food & Beverage Industry
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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