U.S. Nut-Based Milk Market is expected to grow with the CAGR of 12.4% in the forecast period of 2020 to 2025. The years considered for study are as mentioned below.
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U.S. nut-based milk market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in the U.S. nut-based milk market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2020, Bolthouse Farms, Inc. announced that it has entered into an agreement to acquire Arizona-based Rousseau Farming Company's carrot operations.” This acquisition has helped the company to serve the customers better by bringing more fresh and healthy, locally grown carrots to them in the Southwest," said Bolthouse Farms CEO Jeff Dunn.
DANONE is the dominating player in the U.S. nut-based milk market. Others are Blue Diamond Growers, Califia Farm, Sunopta, Hain Celestial Group, Pacific Foods of Oregon, Inc, REBBL, Bolthouse Farms, Inc., Elmhurst, Forager Project, among others.
DANONE
DANONE is headquartered in Paris, France and was founded in 1919. The company focuses on wide range of plant-based products and offer variety fresh dairy products and ensures that it becomes a natural part of consumers’ healthy eating habits throughout the day. The company has wide range of product categories such as, silk, so delicious, activia, danonino, vega, alpro among which so delicious, silk is the market focussed category.
For instance,
- In January 2020, DANONE, a leading food & Beverage Company and the world’s largest Certified B Corp, announced its partnership with rePlant Capital, a financial services firm dedicated to reversing climate change. As company is passionate about climate activism, this initiative has enriched the soil performance, enhance ecosystem and increase biodiversity and fulfils the company’s mission towards climate change.
The company has presence in Europe, Americas, Africa and Middle East and Asia-Pacific, the company deals with the subsidiaries such as Danone Dairy Holdings Inc (U.S.), Danone Manifesto Ventures Llc (U.S.), Danone North America Llc (U.S.), Danone North America Public Benefit Corporation, (U.S.), Danone Us, Inc (U.S.), Danone Water Holdings Llc (U.S.) among others.
Blue Diamond Growers
Blue Diamond Growers is headquartered in California, U.S., which was established in 1910. The company focuses on agricultural and marketing cooperation that specializes in almond. It is a nut processing and marketing company which produces almonds in various forms including roasted almonds and almond milk. The company offers wide range of product category in classic snack almonds, crafted snack almonds, almond breeze, nut-thins, baking ingredients and protein, where the market focused category is almond breeze.
For instance,
- In May 2020, Blue Diamond Growers expanded their import from China. Under phase 1 trade agreement of the United states Department of Agriculture (USDA) and United states Trade Representative (USTR), announced that china has expanded the number of speciality crops it imports from the U.S., including a number of Californian grown crops, on behalf of Blue Diamond’s. Blue Diamond is grateful to both USTR and United states Department of Agriculture (USDA) for their efforts to maintain and expand this important trade agreement and this development has helped the company to grow in the market.
The company has a presence in Americas, Europe, Asia-Pacific, Middle East and Africa.
Califia Farms, LLC
Califia Farms, LLC is headquartered in California, U.S., which was founded in year 2010. The company focusses on best tasting plant & nut based beverages packaged in unique curvy bottles. The company offers various product categories such as plant milks, creamers, shelf stable, plant butters, protein oat, cold brew coffees, yogurts, juices among which plant milk is focused category.
For instance,
- In January 2020, Califia Farms, LLC launched its new dairy free alternative named plant butters; a product launched first outside the company’s current portfolio and available now in all wholesale market and in major retailers.
The company has presence in the U.S., U.K., and Australia.
