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The Global Nut Milk Market is projected to reach USD 48.46 billion by 2027. The market is fueled by the rising trend of consuming dairy based cereal alternatives, and growing practices of vegan diet, concerns about antibody residues, or growth hormones in animal milk. The product are often highly preferred by the patients who suffer from CMA, LI, phenylketonuria, radioiodine cancer, eczema, eyesight problem, weaker bone density, hypercholesterolemia, and allergic to dairy based products. More than 16% European consumers try avoiding dairy products for these aids and cholesterol issues. Nut Milk has been a great alternative, and many almond based food & beverage products are being produced to support the demand chain formed by the consumers.
Additionally,
growing concerns with weight management, emphasis on weight loss &
maintenance, importance on the blood sugar spike control are some of the
factors that have been creating an overall enforcement in the market. Beside,
high calcium and multivitamins like Vitamin A, Vitamin E, Vitamin D with
riboflavin, calories, the Nut Milk have been very effective on enhancing
antioxidant degree, providing low sugar & calorie content, working as an
efficient source of calcium, providing high bone density, digestive health
& weight management.
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Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2027.
Competitive
Landscape:
The research
report offers details about leading companies in the global Nut Milk market
along with global position, financial standing, license agreement, products and
services portfolio and revenue contribution of each market player. Key players
in the market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Some of the Leading Market Players Are Listed Below:
· 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.,
· Vitasoy
Australia Products Pty. Ltd.
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Market Segmentation:
Nut
Milk Market Segmentation based on Type
Outlook:
- Soy Milk
- Nut Milk
- Coconut Milk
- Rice Milk
- Oat Milk
- Hemp Milk
- Cashew Milk
- Hazelnut Milk
- Others
Nut
Milk Market Segmentation based on Sales Channel Outlook:
- Supermarket
& Hypermarket
- Online
Retails
- Others
Nut
Milk Market Segmentation based on Form Outlook:
- Powder
- Liquid
Nut
Milk Market Segmentation based on End-Use Verticals Outlook:
- Food &
Beverages
- Nutraceuticals
& Baby Food
- Personal Care
- Pharmaceuticals
- Others
Nut Milk Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Nut Milk Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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