The nut-based milk market refers to the growing segment of the beverage industry that focuses on plant-based milk alternatives derived from various nuts and seeds. This trend is primarily fueled by health-conscious consumers seeking dairy-free alternatives that offer both nutritional benefits and ethical advantages. Nut-based milk, derived from almonds, cashews, soy, and other sources, is rich in vitamins, minerals, and antioxidants, making it a healthier choice for individuals. This shift reflects a broader societal movement towards sustainable, health-conscious decisions, shaping the future of the food and beverage industry.
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Data Bridge Market Research analyses that the Europe Nut-Based Milk Market is expected to grow at a CAGR of 15.30% in the forecast period of 2022 to 2029 and is expected to reach USD 35.11 billion by 2029 from USD 11.24 billion in 2021. Nut-based milk offers a vital solution for people with nut allergies, allowing them to enjoy a dairy-free alternative without soy. These allergen-free options, including almond, coconut, and oat milk, provide a safe and nutritious choice, meeting the needs of individuals who must avoid nuts and traditional dairy or soy-based products.
Key Findings of the Study
Lactose intolerance is expected to drive the market's growth rate
The rising prevalence of lactose intolerance has significantly influenced consumer choices, leading to a surge in demand for dairy alternatives such as nut-based milk. Unlike traditional dairy products, nut-based milks are lactose-free, making them an ideal option for individuals with lactose intolerance. These plant-derived alternatives are more accessible to digest and offer a delicious and nutritious solution for those seeking relief from lactose-related discomfort. As a result, the market for nut-based milk continues to expand, catering to the growing needs of health-conscious consumers looking for dairy-free options without compromising taste or nutrition.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Organic and Inorganic), Nut Milk Type (Almond Milk, Coconut Milk, Cashew Milk, Walnut Milk, Hazelnut Milk and Others), Packaging (Sachets, Tetra Pak, Bottles and Others), Packaging Size (Above 1000 ML, 501 to 1000 ML, 250 to 500 ML, 110 to 250 ML, and Others), Flavour (Original, Vanilla, Chocolate, Honey, Coffee, and Others), Formulation (Sweetened and Unsweetened), End Use (Restaurants, Hotels and Bars, Café, Catering, and Household), Distribution Channel (Store-Based Retailing and Online/E-commerce)
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Countries Covered
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Spain, France, U.K., Germany, Italy, Poland, Sweden, Russia, Netherlands, Belgium, Turkey, Denmark, Switzerland, Rest of Europe.
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Market Players Covered
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Bayer AG (Germany), Abbott (U.S.), DSM (Netherlands), DuPont. (U.S.), Amway (U.S.), The Nature's Bounty Co. (U.S.), GSK plc. (U.K.), Nestlé (Switzerland), RiceBran Technologies (U.S.), Mead Johnson & Company, LLC. (U.S.), Medifast, Inc. (U.S.), Premier Nutrition Corporation (U.S.), TOOTSI IMPEX Inc. (Canada), U.S. Spice Mills, Inc. (U.S.), Health Milk Manufacturers' Association (U.K.), NOW Milk (U.S.), Glanbia PLC (Ireland), Herbalife International of America, Inc. (U.S.), and Bionova (India), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe nut-based milk market is segmented on the basis of category, nut milk type, packaging, packaging size, flavour, formulation, end use and distribution channel.
- On the basis of category, the Europe nut-based milk market is segmented into organic and inorganic.
- On the basis of nut milk type, the Europe nut-based milk market is segmented into almond milk, coconut milk, cashew milk, walnut milk, hazelnut milk, and others.
- On the basis of packaging, the Europe nut-based milk market is segmented into sachets, tetra pack, bottles, and others.
- On the basis of packaging size, the Europe nut-based milk market is segmented into above 1000 ML, 501 to 1000 ML, 250 to 500 ML, 110 to 250 ML, and others.
- On the basis of flavour, the Europe nut-based milk market is segmented into original, vanilla, chocolate, honey, coffee, and others.
- On the basis of formulation, the Europe nut-based milk market is segmented into sweetened and unsweetened.
- On the basis of end use, the Europe nut-based milk market is segmented into restaurants, hotels and bars, café, catering and household.
- On the basis of distribution channel, the Europe nut-based milk market is segmented into store-based retailing and online/e-commerce.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe nut-based milk market players in Europe nut-based milk market are Bayer AG (Germany), Abbott (U.S.), DSM (Netherlands), DuPont. (U.S.), Amway (U.S.), The Nature's Bounty Co. (U.S.), GSK plc. (U.K.), Nestlé (Switzerland), RiceBran Technologies (U.S.).
Market Developments
- In May 2020, Blue Diamond Growers saw a significant expansion in their exports to China. This development resulted from the Phase 1 trade agreement between the United States Department of Agriculture (USDA) and the United States Trade Representative (USTR). China broadened its import of specialty crops, including those grown in California, benefiting Blue Diamond. The company expressed its gratitude to the USTR and USDA for their dedication to maintaining and enhancing this pivotal trade agreement, which has facilitated Blue Diamond's market growth.
- In February 2020, Vitasoy celebrated its 80th Anniversary by unveiling a special edition series featuring 12 drink packs from four popular product lines: Classic VITASOY, Malt VITASOY, Low Sugar VITASOY, and Low Sugar Malt. This initiative aimed to captivate customer interest and bolster their product portfolio, marking a significant milestone in their journey while expressing gratitude to their loyal consumers.
- In January 2020, Califia Farms, LLC, a leading player in the dairy-free beverage industry, introduced a groundbreaking addition to its product lineup – "Plant Butters." This innovative dairy-free alternative marked a significant expansion beyond their existing offerings and quickly became available in various wholesale markets and major retail stores. Califia Farms' venture into plant-based butters demonstrated its commitment to meeting the evolving consumer demand for nutritious and sustainable alternatives in the food industry.
- In January 2020, DANONE, a global food and beverage leader and the world's giant Certified B Corp, joined forces with rePlant Capital, a financial services firm committed to addressing climate change. This partnership reflects DANONE's dedication to climate activism. It focuses on improving soil health, enhancing ecosystems, and promoting biodiversity. DANONE advances its mission through these initiatives to combat climate change and contribute to a more sustainable future.
Regional Analysis
Geographically, the countries covered in the Europe nut-based milk market report are Spain, France, U.K., Germany, Italy, Poland, Sweden, Russia, Netherlands, Belgium, Turkey, Denmark, Switzerland, Rest of Europe.
For more detailed information about the Europe nut-based milk market report, click here – https://www.databridgemarketresearch.com/de/reports/europe-nut-based-milk-market
