ALMOND DRINKS MARKET ANALYSIS

Almond Drinks MarketSize and Trends

Global Almond Drinks Market outlook:

• North America accounted for highest market share in the market in 2016. The growth of almond drinks market in North America is mainly attributed to increasing demand for dairy free drinks from lactose intolerant people. According to U.S. Department of Health and Human Service, in North America over 40 million American adults were lactose intolerant in 2017.
• Europe is projected to indicate significant growth in the market throughout the forecast period. Leading market players are strategically investing into Europe to tap potential market of plant based drinks. In April 2017, Alpro and Danone entered into collaboration to expand plant based food and drinks business. Under this collaboration, Alpro will be able to expand its distribution & geographical foot prints of plant based drinks including almond drinks across Europe and the world. Such activities by leading players are projected to have positive impact on growth of almond drinks market in Europe.