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Global Nut Milk Market Share, Growth, Trends, Forecast: By Product Type: Coconut Milk, Almond Milk, Cashew Milk, Walnut Milk, Others; By Distribution Channel: Hypermarkets and Supermarkets, Specialty Retail Stores, Online Retail Stores, Foodservice, Convenience Stores, Others; By Form; Regional Analysis; Competitive Landscape; 2023-2028
Global Nut Milk Market Outlook
The global market size for nut milk reached a value of more than USD 11.3 billion in 2022. The global nut milk market is expected to grow at a CAGR of 11.40% between 2023 and 2028, reaching a value of USD 21.59 billion by 2028.
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Key Trends in the Market
Nut milk is a type of non-dairy beverage that resembles dairy milk but is fully plant-based. It is obtained from nuts which have been soaked in water and then blended into a creamy liquid. Nut milks are considered to be a good source of vitamins such as vitamin A, calcium, vitamin D, and vitamin E. Nut milk is often preferred over milk because it contains less calories as compared to the cow’s milk. Nut milk is prepared from various nuts such as walnut, hazelnut, almond, and cashew, among others.
- The trend of vegan diets and lifestyles is growing rapidly worldwide, with more consumers looking for alternatives to animal-based products such as dairy. They are preferring food products obtained from plants which is fuelling the growth of the nut milk market.
- People are becoming more health conscious and are concerned about their weight and health management and are thus consuming more plant-based products as they are healthier when compared to animal-based products.
- Geriatric populations are increasingly facing digestive issues with traditional dairy milks increasing their consumption of nut milks that are often easier to digest and healthier for geriatric consumers.
- Prevalence of lactose intolerance and lactose allergy is increasing rapidly among consumers which is restricting them from digesting the lactose present in dairy milk. Nut milk is lactose-free due to which such people are preferring nut milk rather than dairy milk.
Market Analysis
Based on product type, the nut milk market can be divided into coconut milk, almond milk, cashew milk, and walnut milk, among others. By distribution channel, the market is segmented into hypermarkets and supermarkets, specialty retail stores, online retail stores, foodservice, and convenience stores, among others. On the basis of form, the market is bifurcated into liquid and powder. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global nut milk market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Blue Diamond Growers
- Pacific Food of Oregon, LLC
- MALK Organics LLC
- Mariani Nut Company
- Goya Foods, Inc.
- Others
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Market Share by Distribution Channel
Hypermarkets and supermarkets are expected to hold a larger share in the nut milk market in the forecast period. Worldwide, hypermarkets and supermarkets are evolving rapidly making shopping easy and comfortable to the consumers, by acting as a one-stop shopping destination for most daily-use products, particularly groceries. In hypermarkets and supermarkets, multiple variations of nut milk can be displayed and sold, helping new consumers find suitable nut milk variations, and repeat buyers purchase their desired nut milk variation. By selling nut milks alongside other grocery items, hypermarkets and supermarkets are more likely to appeal to customers purchasing their standard grocery items, encouraging them to replace dairy milk with nut milks.
Market Share by Region
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North America is expected to account for a larger share in the nut milk market because of increasing demand for milk and non-dairy milk products in the region. The rising concern towards animal and their safety has compelled consumers to adopt vegan diets which is expected to enhance the growth of the market for nut milk. Furthermore, the increasing awareness among consumers of the nutritional benefits of nut milks such as presence of high number of micronutrients and low-calorie content is also a major factor that is increasing demand for nut milk in the North America region.
Competitive Landscape
Blue Diamond Growers is an international agricultural cooperative and marketing company that is primarily known for producing California almonds. They provide a wide range of almond products ranging from gift baskets to tasty almond nut snacks. It has its headquarter in California, United States and was founded in the year 1910.
MALK Organics LLC was established in 2014 and is headquartered in Texas, United States. It is a food and beverage services company that provides certified organic whole foods for consumers. Their products include gum, gluten, dairy, oiler, and filler. They make sure that their produce does not contain carrageenan, colours, sweetener, or binders and are lactose-free.
Mariani Nut Company was founded in 1972 and is based in California, United States. It is a food and beverage manufacturing company that processes and delivers best quality walnuts and almonds all across the globe. They are known for growing and distributing to their customers food products such as snack nuts that have quality and are natural and nutritious.
Other market players include Pacific Food of Oregon LLC, and Goya Foods Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Form |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Nut Milk Market Analysis
8.1 Key Industry Highlights
8.2 Global Nut Milk Historical Market (2018-2022)
8.3 Global Nut Milk Market Forecast (2023-2028)
8.4 Global Nut Milk Market by Product Type
8.4.1 Coconut Milk
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Almond Milk
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cashew Milk
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Walnut Milk
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Nut Milk Market by Distribution Channel
8.5.1 Hypermarkets and Supermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Specialty Retail Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online Retail Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Foodservice
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Convenience Stores
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Nut Milk Market by Form
8.6.1 Liquid
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Powder
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Nut Milk Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Nut Milk Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Nut Milk Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Nut Milk Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Nut Milk Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Nut Milk Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Blue Diamond Growers
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Pacific Foods of Oregon, LLC.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 MALK Organics LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mariani Nut Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Goya Foods, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nut Milk Market: Key Industry Highlights, 2018 and 2028
2. Global Nut Milk Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Nut Milk Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Nut Milk Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
5. Global Nut Milk Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
6. Global Nut Milk Historical Market: Breakup by Foam (USD Million), 2018-2022
7. Global Nut Milk Market Forecast: Breakup by Foam (USD Million), 2023-2028
8. Global Nut Milk Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Nut Milk Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Nut Milk Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Nut Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Nut Milk Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Nut Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Nut Milk Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Nut Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Nut Milk Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Nut Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Nut Milk Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Nut Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Nut Milk Market Structure
Key Questions Answered in the Report
The global market size for nut milks reached a value of more than USD 11.3 billion in 2022.
The market is expected to grow at a CAGR of 11.40% between 2023 and 2028.
The global market size for nut milks is expected to reach a value of more than USD 21.59 billion by 2028.
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.
Key market players include Blue Diamond Growers, Pacific Food 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 various product types of nut milk are coconut milk, almond milk, cashew milk, and walnut milk, among others.
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