Asia-Pacific Nut-Based Milk Market is expected to grow with the CAGR of 23.9% in the forecast period of 2020 to 2025. The years considered for study are as mentioned below.
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Asia-Pacific 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 Asia-Pacific 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 February 2020, Vitasoy Launched 12 Special Edition Drink Packs series for four of its popular product varieties namely Classic VITASOY, Malt VITASOY, Low Sugar VITASOY and Low Sugar Malt for celebrating 80th Anniversary. Moreover, product will be delivered with a thank you note of “Grateful to Have You “print. This launch of the products will expect to provide special attention of the customers as well as helpful for expansion of portfolio.
Danone is the dominating player in nut-based milk market and the other players are Blue Diamond Growers, Califia Farm, Hain Celestial Group, Pureharvest, Epigamia, Life Health Foods India Private Limited, Simple Foods Co., Ltd., Sanitarium, Bonsoy Beverage Co., Freedom Foods, Bickford's, Hebei Chengde Lulu Co., Ltd. , Hebei Yangyuan ZhiHui Beverage Co Ltd., Vitasoy International Holdings Ltd., and Upper Platter among others.
Danone
Danone, is headquartered in Paris, France, 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 consumer’s healthy eating habits throughout the day. The company wide range of product categories such as, essential dairy & plant-based, waters and specialized nutrition, among these the market focused category is essential dairy & plant-based.
For instance,
- In January 2020, one of the DANONE iconic brand Silk, introduced a new dairy-free half & half alternative, creamy oatmilk and coconut flavour. It provides the neutral flavour and creamy texture that half & half lovers expect, but it’s completely plant-based. This product launch has helped the company to grow in the market.
The company has presence in Asia-Pacific, Americas, Africa and Middle East and Asia-Pacific.
Blue Diamond Growers
Blue Diamond Grower 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 a 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.
