Asia-Pacific Nut-Based Milk Market, By Type (Flavored, Unflavored), Product Type (Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, Hemp Milk, Cashew Milk, Walnut Milk, Hazelnut Milk), Form Type (Powder, Liquid), End Use (Food and Beverages, Nutraceuticals, Baby Food, Personal Care), Distribution Channel (Supermarket and Hypermarket, Convenience Stores, Foodservice, Specialty Retail Stores, Online Retails), Country (Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Asia-Pacific Nut-Based Milk Market Analysis and Insights
The Asia-Pacific nut-based milk market size is likely to grow at a compound annual rate of 24.4% in the forecast period 2021 to 2028. The rise in the usage of nut-based milk for sustainable nutrition is the factor responsible for the growth of Asia-Pacific nut-based milk market in the forecast period of 2021 to 2028.
Nut-based milk is generally categorized under plant-based milk. This milk is prepared by two methods which are wet milling and dry milling, in which soaked nuts are made to a fine paste and blended with water, and in dry milling nuts are milled to fine flour, which is later blended with water. They are also known as an alternative to dairy products, and are very popular amongst vegan and vegetarian communities.
The major growing factor towards Asia-Pacific nut-based milk market is the easy availability and promotion of plant-based or cereal alternatives when compared to traditional dairy products. Furthermore, the rise in awareness for health consciousness amongst consumers, lactose intolerance and the rapid shift in the inclination for vegan diets are also expected to heighten the overall demand for Asia-Pacific nut-based milk market over the forecast period of 2021 to 2028. Moreover, the rise in the demand for plant-based food products, veganism and large number of health-conscious consumers are also expected to serve as foremost drivers for the Asia-Pacific nut-based milk market at a regional level. In addition, the rise in the concerns with weight management, emphasis on weight loss and maintenance as well as the importance on the blood sugar spike control are also lifting the growth of the Asia-Pacific nut-based milk market.
However, the high cost of processing technologies such as freeze-dying, spray drying and cold press technology for the production of powdered and liquid milk is projected to act as a restraint towards the growth of Asia-Pacific nut-based milk market, whereas the high cost of the nut packaging can challenge the growth of the Asia-Pacific nut-based milk market.
Moreover, the increase in research and development by growing players in the market, rise in research and developments to find newer products portfolios that provide the additional nutritional benefits and increase in the vegan population are expected to further generate new opportunities for the Asia-Pacific nut-based milk market in the forecast period of 2021 to 2028.
This Asia-Pacific nut-based milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Asia-Pacific nut-based milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Nut-Based Milk Market Scope and Market Size
The Asia-Pacific nut-based milk market is segmented on the basis of type, product type, form type, end use and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Asia-Pacific nut-based milk market has been segmented into flavored and unflavored.
- Based on product type, the Asia-Pacific nut-based milk market has been segmented into soy milk, almond milk, coconut milk, rice milk, oat milk, hemp milk, cashew milk, walnut milk and hazelnut milk.
- On the basis of form type, the Asia-Pacific nut-based milk market has been segmented into powder and liquid.
- Based on end use, the Asia-Pacific nut-based milk market has been segmented into food and beverages, nutraceuticals, baby food and personal care.
- The distribution channel segment of the Asia-Pacific nut-based milk market has been segmented into supermarket and hypermarket, convenience stores, foodservice, specialty retail stores and online retails.
Asia-Pacific Nut-Based Milk Market Country Level Analysis
The Asia-Pacific nut-based milk market is analyses and market size, volume information is provided by country, type, product type, form type, end use and distribution channel as referenced above.
The countries covered in the Asia-Pacific nut-based milk market report are Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC).
China leads the Asia-Pacific nut-based milk market because of the strong presence of numerous players in the country and high demand for plant-based milk, mainly walnut milk due to its higher nutritional content.
The country section of the Asia-Pacific nut-based milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Nut-Based Milk Market Share Analysis
The Asia-Pacific nut-based milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific nut-based milk market.
The major players covered in the Asia-Pacific nut-based milk report are BLUE DIAMOND GROWERS, Danone, Califia Farm, LLC, Hain Celestial, Pureharvest, Epigamia, Life Health Foods India Private Limited, Sanitarium, Bonsoy Beverage Co., FREEDOM FOODS GROUP LIMITED, Bickford's Australia, and Vitasoy International Holdings Limited, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-