Global Walnut Milk Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Walnut Milk Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global walnut milk market report has been segmented on the basis of flavor, distribution channel, and region.
Global Walnut Milk Market: Overview
Walnut is a type of single seed fruit and a good source of protein, essential fatty acid, and fiber. It may improve bone and heart health, also helps in weight management. Walnut is widely consumed in cakes, cookies, chocolates, etc. although it has slightly bitter taste. It is simple to make walnut milk at home by blending few walnuts along with water using blender. Walnut milk is available in various flavors, and is a best alternative to traditional dairy product which contains lactose.
Global Walnut Milk Market: Dynamics
Growing consumer awareness about health benefits of walnut milk, coupled with increasing demand for nutritious food are major factors expected to drive the global market. Rising demand for walnut milk in food & beverage industry is expected to drive the growth global market. In addition, walnut milk prevents heart diseases due to its antioxidant properties, helps to reduce body weight and provide omega-3 fatty acid which in turn increase demand for walnut milk. This is a factor anticipated to fuel growth of the global market in the next coming years.
Furthermore, changing lifestyle, rising consumption and production of walnut milk products, increasing disposable income are among some other factors expected to support revenue growth of the global market.
However, high price of walnut is a major factor restraining growth of global walnut milk market.
Global Walnut Milk Market: Segment Analysis
Among the flavor segments, the vanilla segment is expected to register highest revenue share in the global market followed by original segment.
Among the distribution channel segments, the hypermarket segment is expected to register for highest growth in terms of revenue over the forecast period. This can be attributed to wide variety of product under the one roof, cost reduction from bulk purchasing, saving time and energy in searching are factors increasing growth of this segment in the target market.
Global Walnut Milk Market: Region Analysis
North America is expected to account for major revenue share in the target market over the forecast period, due to largest consumer of the product and presence of major exporter of walnut in the US. The market in Europe is expected to account for second-highest share in terms of revenue in the global market, owing to growing demand for walnut milk in food & beverage industry and increasing consumption of the product owing to rising prevalence of omega-3 deficiency in the UK in the region. In addition, walnut milk contains vitamin B7 which helps to prevent hair loss, reduces the risk of diabetes, and prevents the oxidation of LDL cholesterol are some other factors expected to drive growth of the Europe market. The Asia Pacific is expected to register highest CAGR in terms of revenue over the forecast period, owing to rapid urbanization, availability of raw material, largest production of walnut milk product, cheap labor, and low cost product.
Global Walnut Milk Market Segmentation:
Segmentation by flavor:
Segmentation by distribution channel:
- Online Stores
- Convenience Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Elmhurst Harvest
- Yili Group
- Chengde Lulu
- Panpan Food
- Sanyuan Group
- China Mengniu Dairy Company Limited
- WhiteWave Foods
- Wahaha Products
- Diamond foods
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