Nut milk is a nondairy, plant-based milk produced from almonds, pecan, cashewnut, coconut and others. They have a rich surface and nutty flavor. Nut milks are veggie lover drinks devoured as plant-based options in contrast to dairy milk. The appropriation of vegetarian consumes less calories over the globe is driving the development of the worldwide nut-milk market.
MARKET DYNAMICS
The expanding number of wellbeing cognizant shoppers, combined with the rising interest for plantbased items, is fuelling the interest for nut milk. The maturing populace has developing concerns identified with wellbeing and weight the executives, while buyers are inclining toward the conviction that plant-based items are more beneficial than creature based items for individual wellbeing just as the manageability related with it. Dairy-choices and plant-based items are likewise seen to be more manageable and preferred for the climate over creature items, for example, cow milk. The expanding predominance of lactose sensitivities and lactose-narrow mindedness among individuals is relied upon to support the nut milk market. The interest for nut-based milk is ceaselessly expanding over the globe because of the rising pattern of veganism. Expanding creature government assistance worries among shoppers are liable for the decrease sought after for creature milk and the ascent popular for plant-based milk. The advancement of veggie lover consumes less calories by VIPs is additionally driving the interest for nut milk, which is fuelling the development of the market
MARKET SCOPE
The "Global Nut Milk Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nut milk market with detailed market segmentation by type, distribution channel and geography. The global nut milk market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nut milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global nut milk market is segmented into type and distribution channel. By type, the market is segmented into almond milk, almond milk, cashew milk, walnut milk and others. Based on distribution channel the nut milk market is classified into supermarkets and hypermarkets, convenience stores, online stores and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global nut milk market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The nut milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the nut milk market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nut milk market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global nut milk market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The nut milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the nut milk market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nut milk market in these regions.
MARKET PLAYERS
The reports cover key developments in the nut milk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nut milk market are anticipated to lucrative growth opportunities in the future with the rising demand for nut milk in the global market. Below mentioned is the list of few companies engaged in the nut milk market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nut milk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blue Diamond Growers
- Pacic Foods of Oregon, LLC
- MALK Organics
- Mariani Nut Company
- Daiya Foods, Inc.
- McCormick and Co.
- Goya Foods, Inc.
- Galaxy Nutritional Foods Inc.
- Whitewave Food
- Elmhurst Milked Direct LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Nut Milk Market - By Type
1.3.2 Nut Milk Market - By Distribution Channel
1.3.3 Nut Milk Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NUT MILK MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. NUT MILK MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NUT MILK MARKET - GLOBAL MARKET ANALYSIS
6.1. NUT MILK - GLOBAL MARKET OVERVIEW
6.2. NUT MILK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NUT MILK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ALMOND MILK
7.3.1. Overview
7.3.2. Almond Milk Market Forecast and Analysis
7.4. COCONUT MILK
7.4.1. Overview
7.4.2. Coconut Milk Market Forecast and Analysis
7.5. CASHEW MILK
7.5.1. Overview
7.5.2. Cashew Milk Market Forecast and Analysis
7.6. WALNUT MILK
7.6.1. Overview
7.6.2. Walnut Milk Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. NUT MILK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE STORES
8.5.1. Overview
8.5.2. Online Stores Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. NUT MILK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Nut Milk Market Overview
9.1.2 North America Nut Milk Market Forecasts and Analysis
9.1.3 North America Nut Milk Market Forecasts and Analysis - By Type
9.1.4 North America Nut Milk Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Nut Milk Market Forecasts and Analysis - By Countries
9.1.5.1 United States Nut Milk Market
9.1.5.1.1 United States Nut Milk Market by Type
9.1.5.1.2 United States Nut Milk Market by Distribution Channel
9.1.5.2 Canada Nut Milk Market
9.1.5.2.1 Canada Nut Milk Market by Type
9.1.5.2.2 Canada Nut Milk Market by Distribution Channel
9.1.5.3 Mexico Nut Milk Market
9.1.5.3.1 Mexico Nut Milk Market by Type
9.1.5.3.2 Mexico Nut Milk Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Nut Milk Market Overview
9.2.2 Europe Nut Milk Market Forecasts and Analysis
9.2.3 Europe Nut Milk Market Forecasts and Analysis - By Type
9.2.4 Europe Nut Milk Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Nut Milk Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Nut Milk Market
9.2.5.1.1 Germany Nut Milk Market by Type
9.2.5.1.2 Germany Nut Milk Market by Distribution Channel
9.2.5.2 France Nut Milk Market
9.2.5.2.1 France Nut Milk Market by Type
9.2.5.2.2 France Nut Milk Market by Distribution Channel
9.2.5.3 Italy Nut Milk Market
9.2.5.3.1 Italy Nut Milk Market by Type
9.2.5.3.2 Italy Nut Milk Market by Distribution Channel
9.2.5.4 United Kingdom Nut Milk Market
9.2.5.4.1 United Kingdom Nut Milk Market by Type
9.2.5.4.2 United Kingdom Nut Milk Market by Distribution Channel
9.2.5.5 Russia Nut Milk Market
9.2.5.5.1 Russia Nut Milk Market by Type
9.2.5.5.2 Russia Nut Milk Market by Distribution Channel
9.2.5.6 Rest of Europe Nut Milk Market
9.2.5.6.1 Rest of Europe Nut Milk Market by Type
9.2.5.6.2 Rest of Europe Nut Milk Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Nut Milk Market Overview
9.3.2 Asia-Pacific Nut Milk Market Forecasts and Analysis
9.3.3 Asia-Pacific Nut Milk Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Nut Milk Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Nut Milk Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Nut Milk Market
9.3.5.1.1 Australia Nut Milk Market by Type
9.3.5.1.2 Australia Nut Milk Market by Distribution Channel
9.3.5.2 China Nut Milk Market
9.3.5.2.1 China Nut Milk Market by Type
9.3.5.2.2 China Nut Milk Market by Distribution Channel
9.3.5.3 India Nut Milk Market
9.3.5.3.1 India Nut Milk Market by Type
9.3.5.3.2 India Nut Milk Market by Distribution Channel
9.3.5.4 Japan Nut Milk Market
9.3.5.4.1 Japan Nut Milk Market by Type
9.3.5.4.2 Japan Nut Milk Market by Distribution Channel
9.3.5.5 South Korea Nut Milk Market
9.3.5.5.1 South Korea Nut Milk Market by Type
9.3.5.5.2 South Korea Nut Milk Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Nut Milk Market
9.3.5.6.1 Rest of Asia-Pacific Nut Milk Market by Type
9.3.5.6.2 Rest of Asia-Pacific Nut Milk Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Nut Milk Market Overview
9.4.2 Middle East and Africa Nut Milk Market Forecasts and Analysis
9.4.3 Middle East and Africa Nut Milk Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Nut Milk Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Nut Milk Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Nut Milk Market
9.4.5.1.1 South Africa Nut Milk Market by Type
9.4.5.1.2 South Africa Nut Milk Market by Distribution Channel
9.4.5.2 Saudi Arabia Nut Milk Market
9.4.5.2.1 Saudi Arabia Nut Milk Market by Type
9.4.5.2.2 Saudi Arabia Nut Milk Market by Distribution Channel
9.4.5.3 U.A.E Nut Milk Market
9.4.5.3.1 U.A.E Nut Milk Market by Type
9.4.5.3.2 U.A.E Nut Milk Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Nut Milk Market
9.4.5.4.1 Rest of Middle East and Africa Nut Milk Market by Type
9.4.5.4.2 Rest of Middle East and Africa Nut Milk Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Nut Milk Market Overview
9.5.2 South and Central America Nut Milk Market Forecasts and Analysis
9.5.3 South and Central America Nut Milk Market Forecasts and Analysis - By Type
9.5.4 South and Central America Nut Milk Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Nut Milk Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Nut Milk Market
9.5.5.1.1 Brazil Nut Milk Market by Type
9.5.5.1.2 Brazil Nut Milk Market by Distribution Channel
9.5.5.2 Argentina Nut Milk Market
9.5.5.2.1 Argentina Nut Milk Market by Type
9.5.5.2.2 Argentina Nut Milk Market by Distribution Channel
9.5.5.3 Rest of South and Central America Nut Milk Market
9.5.5.3.1 Rest of South and Central America Nut Milk Market by Type
9.5.5.3.2 Rest of South and Central America Nut Milk Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NUT MILK MARKET, KEY COMPANY PROFILES
11.1. BLUE DIAMOND GROWERS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PACIC FOODS OF OREGON, LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MALK ORGANICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MARIANI NUT COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ELMHURST MILKED DIRECT LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GOYA FOODS, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MCCORMICK AND CO.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DAIYA FOODS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. GALAXY NUTRITIONAL FOODS INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WHITEWAVE FOOD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Blue Diamond Growers
2. Pacic Foods of Oregon, LLC
3. MALK Organics
4. Mariani Nut Company
5. Elmhurst Milked Direct LLC
6. Goya Foods, Inc.
7. McCormick and Co.
8. Daiya Foods, Inc.
9. Galaxy Nutritional Foods Inc.
10. Whitewave Food
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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