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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Nut Milk Market Share
Liquid form offers convenience as a ready-to-drink beverage, catering to busy lifestyles and on-the-go consumption patterns.
As consumers prioritise health and wellness, they are increasingly choosing nut milk over traditional dairy options because it is often lower in calories, saturated fat, and cholesterol, positioning it as a healthier option.
As per nut milk industry analysis, nut milk powder allows consumers to customise the strength and consistency of their milk by adjusting the ratio of powder to water. This flexibility caters to individual preferences and dietary needs.
| 2023 Market Share by | Country |
| Canada | 2.5% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
Hypermarkets and supermarkets contribute to the growth of nut milk market by offering extensive distribution networks, reaching many consumers across various regions.
Hypermarkets and supermarkets often conduct promotional activities such as discounts, special offers, and product demonstrations to attract consumers' attention to nut milk products. These marketing strategies stimulate consumer interest and drive sales volume.
Food service operators continuously innovate with nut milk, experimenting with various flavours, formulations, and culinary methods. This creativity not only boosts the attractiveness of nut milk products but also sparks consumer interest and promotes trial.
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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