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Peanut Milk Market Forecasts: Profit Margins, Production Value and Consumption Analysis 2022-2032

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Nut Milk Market

Nut Milk Market (Your name is unavailable) is expected to grow at a moderate pace between 2022 and 2032, or 8.6% CAGR. According to FMI, the market is expected to grow from USD 365.5 million in 2022 to USD 810.5 million by 2032.

Future Market Insights’ report on the nut milk market research reveals that the market has grown significantly in recent years, driven by growing consumer demand for organic nut milk and increasing consumer attitudes towards a healthier diet.

Walnuts are rich in high-quality protein and essential fatty acids, which has led to an increase in sales of nut milks, as well as other nut derivatives. Although nut milks are available in many flavors, people most prefer neutral-flavored or unsweetened nut milks.

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Nut milk protein is highly desirable because it is lactose-free and non-allergenic. Second, the great business potential of nut milk has emerged as a result of the rapid shift in consumption patterns towards packaged foods and beverages.

The protein in almond and nut milk is rich in Omega-3 fatty acids and has several properties that aid in weight loss, which has increased the demand for nut milk among health-conscious individuals. It also helps reduce stress, prevent cardiovascular disease, and reduce obesity and type 2 diabetes, leading to an increase in the market share of nut milk in many areas.

The COVID-19 crisis has caused a massive slowdown in the supply chain, a drop in business confidence, uncertainty in the stock market, and an increase in panic among customer segments, which is negatively affecting the global nut milk market. However, with the increase in consumer awareness and a decrease in nut milk prices, the overall market is expected to see further strengthening in the coming days.

Key findings from the market research

  • The net value of the global nut milk market is estimated to be around USD 247.7 million in 2022.
  • The peanut milk market share in China is expected to grow at a CAGR of 6.8% during the forecast period 2022-2032.
  • The US nut milk market is expected to grow at a CAGR of 6.5% during the forecast period 2022-2032.
  • Peanut milk protein is highly desirable because it is lactose-free and non-allergenic. It is also popular for the health benefits it provides.
  • The global nut milk market is divided into flavors such as chocolate, vanilla, unsweetened, original, and others.

“Changing lifestyles, increase in consumption and production of nut milk products, and rise in disposable income are some of the factors that are expected to support revenue growth in the global nut milk market,” says a principal analyst at Future Market Insights.

Who is winning?

Due to their vast product diversity and constant innovation in the industry, top players dominate a significant portion of the global nut milk market. As a business strategy, key players in the nut milk market focus on product launches, promotions, collaborations, integrations, and acquisitions to build their position in several markets.

The leading players in the nut milk market include Alpine Pacific Nut Co, Grower Direct Nut Co. Inc., Guerra Nut Shelling Co Inc., Poindexter Nut Company, Andersen Shelling Inc., Webster Limited, Mariani Nut Company Inc., Haleakala Walnut Shelling Inc. and Kashmir Walnut Group.

Get more valuable information

Future Market Insights in its new offer offers an unbiased analysis of nut milk, presenting historical demand data (2017–2021) and forecasted statistics for the period 2022–2032.

Nut Milk Market by Category

Based on taste, the nut milk market is divided into:

  • Original
  • Chocolate
  • Vanilla
  • Unsweetened
  • Others

Based on the distribution channel, the nut milk market is divided into:

  • Supermarkets/hypermarkets
  • Specialty stores
  • Grocery stores
  • on-line
  • Others

The nut milk market is divided into the following segments by region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

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Key questions answered in the report

  • At what rate will the nut milk market grow?
  • What is the expected value of the nut milk market by 2032?
  • What is the expected value of the nut milk market by 2032?
  • What are the key factors influencing the nut milk market?
  • Which region has the greatest influence on the valuation of the nut milk market?
  • What main strategies have nut milk market participants adopted?

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award-winning market research organization and member of the Greater New York Chamber of Commerce) provides an in-depth look at the factors driving the demand growth in the market. It reveals the opportunities that will drive the market growth in various segments based on source, application, sales channel and end-use over the next 10 years.

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