The market for walnut milk (Walnussmilchmarkt) is projected to grow at a moderate rate between 2022 and 2032, or 8.6% CAGR. The market is anticipated to increase from USD 365.5 million in 2022 to USD 810.5 million by 2032, according to FMI.
The walnut milk market has experienced significant growth in recent years, driven by a rising consumer demand for organic options and an increasing focus on healthier dietary choices, as highlighted in the Future Market Insights report.
Walnuts, rich in high-quality protein and essential fatty acids, have contributed to the surge in sales of walnut milk and its derivatives. While walnut milk is offered in various flavors, the most popular choice among consumers remains the neutral or unsweetened variety.
Walnut milk protein is in high demand due to the fact that it is lactose-free and allergy-free. Secondly, a large walnut milk business potential has arisen as a result of the dynamic movement in consumption patterns toward pre-packaged foods and beverages.
Almond and walnut milk protein is rich in Omega-3 fatty acids and has several qualities that help with weight loss, which has increased demand for walnut milk amongst health-conscious people. Besides, it aids in the reduction of stress, the prevention of cardiovascular diseases, and the reduction of obesity and type 2 diabetes, leading to rise of the walnut milk market share in a number of areas.
The COVID-19 crisis is caused a massive slowdown in the supply chain, drop-in business confidence, stock market uncertainty, and an increase in panic among customer segments negatively impacting the global walnut milk market. However with the rising consumer awareness and drop in walnut milk price is predicted to further strengthen the overall market in coming days.
Key Takeaways from Market Study
- The net worth of the global walnut milk market size is estimated to be around US$ 247.7 Million in the current year 2022.
- The walnut milk market share in China is expected to grow at a CAGR of 6.8% for the forecasted period 2022-2032.
- The walnut milk market in the U.S is expected to grow at a CAGR of 6.5% during the forecasted period 2022-2032.
- Walnut milk protein is in high demand because it is lactose-free and does not cause allergies. It is also popular due to the health benefits it provides.
- The global walnut milk market is divided into flavours such as chocolate, vanilla, unsweetened, original, and other segments.
“Changing lifestyles, rising consumption and production of walnut milk products, and rising disposable income are some of the factors expected to support global walnut milk market revenue growth,” says a lead analyst at Future Market Insights.
Who is winning?
Due to their vast diverse products and constant industry innovation, the top players dominate a significant piece of the global walnut milk market. As a business strategy, the walnut milk market key players have been seen focusing on product introduction, promotion, collaboration, integrations, and acquisitions to build their position in several marketplaces.
Some of the prominent walnut milk market players 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.
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Future Market Insights, in its new offering, provides an unbiased analysis of walnut milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Walnut Milk Market by Category
By Flavor, Walnut Milk Market is Segmented as:
- Original
- Chocolate
- Vanilla
- Unsweetened
- Others
By Distribution Channel, Walnut Milk Market is Segmented as:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
- Others
By Region, Walnut Milk Market is Segmented as:
- 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 Walnut Milk Market Grow?
- What is the Expected Value of the Walnut Milk Market by 2032?
- What is the Expected Value of the Walnut Milk Market by 2032?
- What are the Key Factors Driving the Walnut Milk Market?
- Which Region adds to the highest Walnut Milk Market Valuation?
- What are the Key Strategies Adopted by the Walnut Milk Market Players?
About Future Market Insights (FMI)
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