Authored By: Sarah
11 Jul 2024

 Walnut Milk Market Size to grow by USD 1151.1 million between 2024-2028

According to a research report “ Walnut Milk Market” by Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1151.1 million, at a CAGR of  14.76% during the forecast period. The prevalence of lactose intolerance among consumers in European countries, including Italy, Germany, Spain, Turkey, Poland, France, and the United Kingdom, is on the rise. This condition hinders the ability to digest lactose, a sugar present in milk and dairy products, leading to symptoms such as bloating, cramps, diarrhea, and nausea. Consequently, there is a surging demand for lactose-free alternatives to cow's milk. Plant-based milk, specifically walnut milk, is a promising solution for lactose-intolerant individuals. As a result, the market for walnut milk is projected to expand significantly during the forecast period, catering to the increasing consumer base with lactose intolerance on a global scale.

Browse market data tables, figures, and in-depth TOC on “Walnut Milk Market” by Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Distribution Channel, the Offline segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

In the global walnut milk market landscape of 2023, offline distribution channels maintained a dominant market share. This predominance can be attributed to the tangible benefits offered by this distribution mode. Customers are able to inspect walnut milk products for packaging defects and verify expiration dates prior to purchase, which significantly influences their buying decisions. In emerging economies like India and China, the offline distribution network, comprising hypermarkets, supermarkets, and convenience stores, plays a pivotal role in walnut milk sales. The expansion of this retail infrastructure is a key growth driver for the offline distribution channel in the walnut milk market.

North America is forecasted to hold the largest market size by region in 2024

The Walnut Milk Market represents a significant business opportunity for manufacturers and distributors. With increasing consumer preference for plant-based alternatives to dairy products, the demand for walnut milk has surged. This trend is expected to continue, driven by health-conscious consumers seeking nutrient-rich, dairy-free beverages. Market growth is further fueled by innovative product development, strategic partnerships, and expanding distribution channels. Companies that effectively capitalize on these trends and deliver high-quality, sustainable walnut milk offerings will thrive in this dynamic market.

The Walnut Milk Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Borges International Group SLU
  • California Walnuts
  • Elmhurst Milked Direct LLC
  • Hebei Chengde Lolo Co. Ltd.
  • Hebei Yangyuan ZhiHui Beverage Co. Ltd.
  • Inner Mongolia Yili Industrial Group Co. Ltd.
  • Mariani Nut Co.
  • RITA Food and Drink Co. Ltd.
  • Simple Foods Co. Ltd.
  • TH Food Chain Joint Stock Co.
.

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Research Analysis Overview

The Walnut Milk market has been gaining popularity in recent years as a delicious and nutritious plant-based milk substitute. With its smooth and creamy texture, walnut milk is an excellent alternative to dairy milk for making smoothies in the kitchen. Its unique flavor profile, reminiscent of sweet, buttery walnuts, sets it apart from other plant-based milks like almond milk. Walnut milk is rich in essential nutrients such as vitamin D, calcium, protein, and healthy fatty acids. These nutrients make it an ideal choice for both children and adults following a healthy lifestyle or specific diets like Keto or high-protein. It is also lactose-free and free from common allergens, making it a popular option for those with dietary restrictions. The Walnut Milk market offers various types, including Mixed Walnut Milk, Pure Walnut Milk, Original, Unsweetened, Vanilla, and Chocolate flavors. Walnut milk is also used in the personal care sector for anti-aging products. With its numerous health benefits and versatile uses, the Walnut Milk market is expected to continue growing in the coming years.

Market Research Overview

The Walnut Milk Market is witnessing a significant surge in demand due to the growing trend of eco-friendly operations, ethical sourcing, and sustainable sourcing methods. Consumers are increasingly opting for eco-friendly packaging and plant-based milk substitutes, driven by environmental sustainability concerns and the lactose intolerant population's needs. Walnut milk, with its creamy texture and nutty flavor profile, is a popular choice for health-conscious consumers following plant-based diets or stress reduction diets. This nutritious plant-based beverage is rich in vitamins and minerals, including vitamin D, calcium, protein, and essential fatty acids. Walnut milk comes in various flavors, such as original, unsweetened, vanilla, chocolate, and mixed, catering to diverse consumer preferences. The market offers a range of options, from pure walnut milk to ultra-filtered milk and creamers, suitable for use in lattes, baked goods, cooking, and smoothies. Ethical sourcing and animal welfare are essential considerations in the production of walnut milk, as private entities strive to meet the demands of consumers seeking plant-based alternatives to animal-based products. The market's growth is further fueled by the increasing popularity of veganism and health issues, such as chronic diseases, obesity, immunity system, and digestive system concerns. The personal care industry also utilizes walnut milk in various anti-aging products, highlighting its versatility. The market is accessible through various channels, including online shopping facilities, e-commerce platforms, retail shelves, supermarkets, and hypermarkets. The elderly population and those with allergies to dairy products or lactose intolerance benefit significantly from this nutritious and delicious plant-based milk substitute.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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