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Report
Global Walnut Milk Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 175 Pages I EMR Inc.
Global Walnut Milk Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global walnut milk market size, aided by the increasing trend of veganism, is estimated to expand at a CAGR of 8.10% in the forecast period of 2024-2032.
Walnut milk, a plant-based alternative to dairy milk, is derived from blending walnuts with water and then straining the mixture to produce a smooth, creamy liquid. This non-dairy milk is gaining popularity not only among vegans and those with lactose intolerance but also among health-conscious consumers due to its rich nutritional profile. Walnut milk is a good source of omega-3 fatty acids, antioxidants, and vitamins, making it a beneficial addition to various diets.
The global walnut milk market is witnessing significant growth driven by several factors. Firstly, the rising awareness of the health benefits associated with walnut consumption, such as improved heart health and enhanced brain function, is encouraging more consumers to incorporate walnut milk into their diets. The presence of high antioxidant content and omega-3 fatty acids in walnuts helps in reducing inflammation and managing weight, which is particularly appealing in regions with a growing focus on health and wellness.
Secondly, the increasing consumer shift towards plant-based and vegan diets is another major factor propelling the global walnut milk market growth. As consumers become more ethically and environmentally conscious, they are turning away from animal-derived products, boosting the demand for walnut milk as a sustainable and cruelty-free alternative.
Moreover, the global walnut milk market expansion is benefiting from the ongoing innovations in product offerings, including flavoured walnut milk varieties such as chocolate, vanilla, and unsweetened options. These innovations cater to a broader audience, including children and those looking to switch from traditional dairy milk without compromising on taste.
Packaging innovations, such as eco-friendly and convenient packaging solutions, are further enhancing the appeal of walnut milk. Brands are increasingly adopting recyclable and biodegradable packaging to align with the global shift towards sustainable consumption practices. This not only helps in attracting environmentally conscious consumers but also complies with global regulations on single-use plastics and packaging waste.
Furthermore, the integration of the milk into various culinary applications is expanding the global walnut milk market scope. From baking and cooking to beverages like smoothies and coffee, walnut milk is being recognised as a versatile ingredient that adds nutritional value without altering the taste significantly. The food service industry, including restaurants and cafes, is increasingly incorporating walnut milk into their menus to accommodate the dietary preferences of a diverse clientele.
The market for walnut milk is also seeing a rise due to strategic marketing campaigns and collaborations. Brands are engaging in partnerships with influencers and nutrition experts to promote the health benefits of walnut milk, which helps in reaching a wider audience. Additionally, the expansion of distribution channels, including online retail platforms, has made walnut milk more accessible to consumers globally, contributing to the walnut milk market development.
Regionally, North America and Europe are leading the market for walnut milk due to the high prevalence of lactose intolerance and the strong presence of health-conscious consumers. However, the Asia Pacific is expected to witness the fastest growth, driven by increasing disposable incomes and the growing adoption of Western dietary habits, especially in countries like China and India.
Market Segmentation
The global walnut milk market can be divided based on flavour, type, distribution channel, and region.
Market Breakup by Flavour
- Original
- Chocolate
- Vanilla
- Others
Market Breakup by Type
- Sweetened
- Unsweetened
Market Breakup by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global walnut milk market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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
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