Global Walnut Milk Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Walnut Milk Market: Overview

"The Walnut Milk Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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Walnut is a single seed fruit and a good source of protein, essential fatty acid, and fiber. It may improve bone and heart health and also helps in weight management. Walnut is widely consumed in cakes, cookies, chocolates, etc., although it has a slightly bitter taste. It is simple to make walnut milk at home by blending a few walnuts and water using a blender. Walnut milk is available in various flavors and is the best alternative to traditional dairy products containing lactose.

Growing consumer awareness about walnut milk's health benefits and increasing demand for nutritious food are major factors expected to drive the global market. The rising demand for walnut milk in the food & beverage industry is expected to drive the growing global market. In addition, walnut milk prevents heart diseases due to its antioxidant properties, helps reduce body weight, and provides omega-3 fatty acids, increasing demand for walnut milk. This is a factor anticipated to fuel the growth of the global market in the next coming years.

Furthermore, changing lifestyles, rising consumption and production of walnut milk products, and increasing disposable income are other factors expected to support revenue growth of the global market.

However, the high price of walnut is a major factor restraining the growth of the global walnut milk market.

Global Walnut Milk Market: Segment Analysis

Among the flavor segments, the vanilla segment is expected to register the highest revenue share in the global market, followed by original segment.

Among the distribution channel segments, the hypermarket segment is expected to register the highest growth in terms of revenue over the forecast period. This can be attributed to a wide variety of products under one roof, cost reduction from bulk purchasing, and saving time and energy in searching are factors increasing the growth of this segment in the target market.

Global Walnut Milk Market: Region Analysis

North America is expected to account for a major revenue share in the target market over the forecast period due to the largest consumer of the product and the presence of a major walnut exporter in the US. The market in Europe is expected to account for the second-highest share in terms of revenue in the global market, owing to the growing demand for walnut milk in the food & beverage industry and increasing consumption of the product owing to the rising prevalence of omega-3 deficiency in the UK in the region. In addition, walnut milk contains vitamin B7, which helps prevent hair loss, reduces the risk of diabetes, and prevents the oxidation of LDL cholesterol. These are other factors expected to drive the growth of the Europe market. The Asia Pacific is expected to register the highest CAGR in revenue over the forecast period, owing to rapid urbanization, availability of raw materials, the largest production of walnut milk products, cheap labor, and low-cost products.

Global Walnut Milk Market Segmentation:

Segmentation by flavor:

• Chocolate
• Vanilla
• Unsweetened
• Original
• Others

Segmentation by distribution channel:

• Online Stores
• Hypermarkets
• Convenience Stores

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa