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Walnut Milk Market

Global Walnut Milk Market Share, Demand, Analysis: By Flavour: Original, Chocolate, Vanilla, Others; By Type: Sweetened, Unsweetened; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Walnut Milk Market Outlook

The global walnut milk market size is estimated to expand at a CAGR of 8.10% in the forecast period of 2024-2032. The major market drivers are growing consumer awareness regarding lactose intolerance and allergies and the rising awareness regarding multiple health benefits provided by walnut milk.

 

Key Trends in the Market

Walnut milk is an alternative to conventional milk sourced from animals which is made by blending soaked walnuts with water. It is rich in protein and calcium, has low calories, and is a perfect option for people who are vegan or lactose intolerant.

 

  • Growing demand for plant-based milks due to the absence of allergens, surging concerns regarding animal welfare, and the rising trend of veganism is one of the crucial walnut milk market trends. Walnut milk is also a preferred choice among consumers attempting to reduce animal-based product consumption from their diet.
  • Organic food products are gaining popularity due to a rise in consumer awareness regarding the negative impact of synthetic products on health and the environment. Several health-conscious consumers are seeking out organic walnut milk as they do not contain any harmful chemicals or antibiotics.
  • The walnut milk market growth can be attributed to the increasing attempts by key players to introduce new flavours of the product to enhance consumer appeal and stay ahead of their competitors. Some of these innovative products include spiced, turmeric, and cinnamon-infused walnut milk, among others.

 

Market Analysis

Based on flavour, the market is classified into original, chocolate, and vanilla, among others. On the basis of type, the market is bifurcated into sweetened and unsweetened. The walnut milk market segmentation, based on distribution channel, includes supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others. The major regional markets of walnut milk are North America, Europe, the Asia Pacific, Latin America, and the 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 walnut milk market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Elmhurst Milked Direct LLC
  • Borges International Group, S.L.
  • Inner Mongolia Yili Industrial Group (Yili)
  • Hebei Yangyuan Zhihui Beverage Co., Ltd.
  • Mariani Nut Company
  • Simple Foods Co., Ltd. (137 Degrees)
  • TH Food Chain Joint Stock Company
  • Rita Food And Drink Co., Ltd.
  • Vinamilk
  • Others

 

Market Share by Distribution Channel

Supermarkets/hypermarkets occupies a significant portion of the global walnut milk market share owing to their growing presence globally. Supermarkets are usually located in an accessible location, which makes it convenient for customers to buy food products. Furthermore, diverse flavours and variants of food and beverages, including walnut milk, are available at supermarkets and hypermarkets. Additionally, the mainstreaming of plant-based products drives sales of walnut milk from such channels.

 

Market Share by Region

As per the regional walnut milk market analysis, North America accounts for a substantial share of the global market due to the growing number of health-conscious consumers in the region. Furthermore, the rise in vegan culture and the shift towards plant-based diets also positively impact the walnut milk demand. Additionally, the adoption of new technology in the food sector and growing attempts by key players to develop new flavours of walnut milk are likely to fuel the market in the coming years.

 

Competitive Landscape

Elmhurst Milked Direct LLC, established in 1925 and based in New York, the United States, is a plant-based food and beverage manufacturer. Some of its popular products include almond milk, cashew milk, oat milk, and hazelnut milk, among others.

 

Borges International Group, S.L. is a family-owned food company of Mediterranean origin. The company, headquartered in Catalonia, Spain, provides milk alternatives, vegetable drinks, sauce, and pasta, among others.

 

Inner Mongolia Yili Industrial Group (Yili), incorporated in 1993 with its headquarters in Inner Mongolia, China, is a dairy company. The company provides plant-based milk, milk powder, yoghurt, and ice cream, among others.

 

Other walnut milk market players include Hebei Yangyuan Zhihui Beverage Co., Ltd., Mariani Nut Company, Simple Foods Co., Ltd. (137 Degrees), TH Food Chain Joint Stock Company, Rita Food And Drink Co., Ltd., and Vinamilk, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Flavour
  • Type
  • Distribution Channel
  • Region
Breakup by Flavour
  • Original
  • Chocolate
  • Vanilla
  • Others
Breakup by Type
  • Sweetened
  • Unsweetened
Breakup by Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Elmhurst Milked Direct LLC
  • Borges International Group, S.L.
  • Inner Mongolia Yili Industrial Group (Yili)
  • Hebei Yangyuan Zhihui Beverage Co., Ltd.
  • Mariani Nut Company
  • Simple Foods Co., Ltd. (137 Degrees)
  • TH Food Chain Joint Stock Company
  • Rita Food And Drink Co., Ltd.
  • Vinamilk
  • Others

 

*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 Walnut Milk Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Walnut Milk Historical Market (2018-2023) 
    8.3    Global Walnut Milk Market Forecast (2024-2032)
    8.4    Global Walnut Milk Market by Flavour
        8.4.1    Original
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Chocolate
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Vanilla
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Walnut Milk Market by Type
        8.5.1    Sweetened
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Unsweetened
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Walnut Milk Market by Distribution Channel
        8.6.1    Supermarkets/Hypermarkets
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Convenience Stores
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Speciality Stores
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Online
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Walnut Milk Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Walnut Milk Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Walnut Milk Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Walnut Milk Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Walnut Milk Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Walnut Milk Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Elmhurst Milked Direct LLC 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Borges International Group, S.L. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Inner Mongolia Yili Industrial Group (Yili)
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Hebei Yangyuan Zhihui Beverage Co., Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Mariani Nut Company 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Simple Foods Co., Ltd. (137 Degrees) 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    TH Food Chain Joint Stock Company 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Rita Food And Drink Co., Ltd. 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Vinamilk 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Walnut Milk Market: Key Industry Highlights, 2018 and 2032
2.    Global Walnut Milk Historical Market: Breakup by Flavour (USD Million), 2018-2023
3.    Global Walnut Milk Market Forecast: Breakup by Flavour (USD Million), 2024-2032
4.    Global Walnut Milk Historical Market: Breakup by Distribution Channel Channel (USD Million), 2018-2023
5.    Global Walnut Milk Market Forecast: Breakup by Distribution Channel Channel (USD Million), 2024-2032
6.    Global Walnut Milk Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Walnut Milk Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Walnut Milk Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Walnut Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Walnut Milk Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Walnut Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Walnut Milk Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Walnut Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Walnut Milk Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Walnut Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Walnut Milk Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Walnut Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Walnut Milk Market Structure

Key Questions Answered in the Report

What is the growth rate of the walnut milk market?

The market is projected to grow at a CAGR of 8.10% between 2024 and 2032.

What are the major walnut milk market drivers?

The major market drivers are growing awareness regarding lactose intolerance among consumers and multiple health benefits offered by walnut milk.

What are the key trends of the walnut milk market?

The key trends of the market include growing demand for plant-based milk, the rising popularity of organic walnut milk, and the introduction of new flavours by market players.

What are the major regional markets for walnut milk, according to the report?

The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

What are the various flavours of walnut milk?

The various flavours of walnut milk are original, chocolate, and vanilla, among others.

What are the different types of walnut milk?

Sweetened and unsweetened are the different types of walnut milk.

What are the various distribution channels for walnut milk in the market?

Various distribution channels are supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others.

Who are the key market players, according to the walnut milk market report?

The key players in the market are Elmhurst Milked Direct LLC, Borges International Group, S.L., Inner Mongolia Yili Industrial Group (Yili), Hebei Yangyuan Zhihui Beverage Co., Ltd., Mariani Nut Company, Simple Foods Co., Ltd. (137 Degrees), TH Food Chain Joint Stock Company, Rita Food And Drink Co., Ltd., and Vinamilk, among others.

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