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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Nut Milk Market Growth
Nut milk is a dairy-free alternative to traditional cow's milk, made by blending nuts (such as almonds, cashews, or hazelnuts) with water and then straining the mixture to remove solid particles. Nut milk, such as almond milk or cashew milk, typically has fewer calories and less fat compared to dairy milk. This makes them an attractive option for individuals looking to manage their calorie intake or reduce their fat consumption for health reasons.
Continuous innovation in nut milk formulations and flavours is expanding the nut milk demand growth. Manufacturers are introducing new varieties such as almond, cashew, coconut, and oat milk, as well as flavoured options, catering to diverse consumer preferences and tastes. According to the Indian Trade Portal, during 2021-22, India, the world's largest coconut-producing country, contributed approximately 31.45% of the global production, yielding 19,247 million nuts.
Nut Milk Market Report Snapshots
Nut Milk Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The nut milk market was valued at USD 12.59 billion in 2023.
The nut milk market is projected to grow at a CAGR of 11.40% between 2024 and 2032.
The revenue generated from the nut milk market is expected to reach USD 33.25 billion in 2032.
The major market drivers include multi-functionality of nut milks, increased availability, and rising usage in various recipes.
The key trends of the market are shifting preference to vegan diets, rising cases of digestive issues, and growing prevalence of lactose intolerance and lactose allergies worldwide.
The market key players are Blue Diamond Growers, Pacific Foods of Oregon, LLC., MALK Organics LLC, Mariani Nut Company, and Goya Foods, Inc., among others.
A nut milk is a creamy beverage obtained from nuts by soaking in water and then blending.
Nut milk provides vitamin A, calcium, vitamin D, and vitamin E to the consumer, helping them to stay fit and healthy.
The global nut milk market is segmented based on product type, distribution channel, form, and region.
The market is categorised according to the product type, which includes coconut milk, almond milk, cashew milk, walnut milk, and others.
The market is categorised according to the form, which includes liquid and powder.
Based on the distribution channel, the market is divided into hypermarkets and supermarkets, speciality retail stores, online retail stores, food service, convenience stores, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124