The Nut Milk industry is poised for significant growth, with an estimated worth of USD 48.46 billion projected by 2027. This surge is being fueled by several factors, including a rising trend in consuming dairy-free cereal alternatives, increasing adoption of vegan diets, and concerns regarding the use of antibiotics and growth hormones in animal milk. Nut Milk products are particularly popular among patients suffering from conditions such as CMA, LI, phenylketonuria, radioiodine cancer, eczema, weak eyesight, weaker bone density, hypercholesterolemia, and those who are allergic to dairy-based products.
Top Companies Operating in the Global Almond Milk Market Report:
Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy Nutritional Foods, Inc., Nature's Choice B.V., and Vitasoy Australia Products Pty. Ltd.
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Major Factor Driving for Almond Milk Market:
- Rising trend in consuming dairy-free cereal alternatives: There has been a growing trend in recent years of consumers seeking dairy-free alternatives to traditional milk products. Nut Milk provides a viable alternative, and many consumers are turning to it as a healthier option.
- Increasing adoption of vegan diets: Veganism has become increasingly popular in recent years, with more people adopting plant-based diets for ethical, environmental, and health reasons. Nut Milk is a popular choice among vegans as it is free from animal products.
- Concerns regarding the use of antibiotics and growth hormones in animal milk: There are growing concerns among consumers about the use of antibiotics and growth hormones in animal milk products. Nut Milk provides a natural alternative that does not contain these additives.
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The global Almond Milk Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Soy Milk
- Nut Milk
- Coconut Milk
- Rice Milk
- Oat Milk
- Hemp Milk
- Cashew Milk
- Hazelnut Milk
- Others
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Supermarket Hypermarket
- Online Retails
- Others
Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Powder
- Liquid
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Food Beverages
- Nutraceuticals Baby Food
- Personal Care
- Pharmaceuticals
- Others
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