Europe Nut-based Milk Market – Industry Trends and Forecast to 2029

Europe Nut-based Milk Market Analysis and Size

Dairy consumption has declined in some categories over the last two decades as consumers respond to concerns about hormone use, allergens, and the perceived unhealthy profile of some dairy offerings, which was once regarded as an essential component of a balanced diet in several cultures. This has changed the landscape for dairy producers in Europe, as they try to keep up with changing consumer attitudes and regional differences in consumer attitudes while capitalizing on potential opportunities in dairy product consumption. For example, nut-based milk has a perceived health halo among consumers, attracting the attention of dairy product providers.

Data Bridge Market Research analyses that the Europe nut-based milk market was valued at USD 11.24 billion and is expected to reach the value of USD 35.11 billion by 2029, at a CAGR of 15.30% during the forecast period of 2022-2029. 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.

Europe Nut-based Milk Market Scope and Segmentation

Market Definition

When compared to dairy milk, nut-based milk is made from almond, hemp, coconut, rice, cereals, nuts, and soy nuts and provides several health benefits to consumers. They are commonly found in beverages, milk, cheese, and ice cream, and they contain nutrients such as protein, fat, vitamins, and carbohydrates.

Nut-based Milk Market Dynamics

Drivers

• Rising prevalence of chronic lifestyle diseases and intolerance to dairy milk

The rising prevalence of chronic lifestyle diseases and intolerance to animal protein is one of the key factors driving market growth. Furthermore, the global acceptance of vegan eating habits is propelling market growth. With rising consumer awareness of animal health and an increase in lactose intolerant people worldwide, Europe's preference for nut-based milk products is shifting. As a result, the market is more optimistic.

• Rise in social media marketing

Developing novel products, such as nut-based milk, eggs, and meat, also promotes growth. These products are high in essential nutrients and taste almost identical to those derived from animals. Other factors, such as extensive promotional activities by celebrities and athletes to encourage vegetarian product consumption in order to maintain a healthy lifestyle, and the ease of product availability via proliferating online retail channels, are expected to drive the market even further.

Opportunities

• High prevalence of lactose intolerance

Lactose intolerance is one of Europe's most recent market opportunities. The vast majority of the global population will continue to be lactose intolerant. This population segment in Europe will always need a lactose-free alternative, which the nut-based milk industry can provide. Another option is the sustainable living movement, which advocates for milk that is both environmentally and animal-friendly. As people become more environmentally conscious in order to reduce their domestic carbon footprint, the Europe Market is paying close attention to a growing market for nut-based milk.

Restraints

• Lack of awareness

People's lack of awareness about nut-based beverages, as well as concerns about beverage additives, will limit the growth of the nut-based milk market during the aforementioned period. However, it may pose a threat to the growth of the nut-based milk market.

This 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 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Nut-based Milk Market

The COVID-19 outbreak has placed significant strain on the functional milk and nutraceutical industries. Doctors, nurses, other medical professionals, hygiene workers or sweepers, and others are among those working hard to halt the spread of the novel coronavirus. To combat the disease, government agencies have advised citizens to eat a healthy and nutritious diet. This is expected to increase demand for nut-based milk, which promotes good health and optimal functioning of the body by providing essential nutrients. Nut milk is required for the growth and repair of human cells and tissues. Nut protein aids in weight loss while also providing the building blocks for healthy muscles and tissues.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Europe Nut-based Milk Market Scope

The nut-based milk market is segmented on the basis of category, nut milk type, packaging, packaging size, flavour, formulation, end use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Category

• Organic
• Inorganic

Nut milk type

• Almond Milk
• Coconut Milk
• Cashew Milk
• Walnut Milk
• Hazelnut Milk
• Others

Packaging

• Sachets
• Tetra Pak
• Bottles
• Others

Packaging Size

• Above 1000 ML
• 501 to 1000 ML
• 250 to 500 ML
• 110 to 250 ML
• Others

Flavour

• Original
• Vanilla
• Chocolate
• Honey
• Coffee
• Others

Formulation

• Sweetened
• Unsweetened

Source

• Soy Milk
• Almond Milk
• Coconut Milk
• Rice Milk
• Others

Application

• Restaurants
• Hotels and Bars
• Café
• Catering
• Household

Distribution channel

• Store-Based Retailing
• Online/E-commerce

Nut-based Milk Market Regional Analysis/Insights

The nut-based milk market is analyzed and market size insights and trends are provided by country, category, nut milk type, packaging, packaging size, flavour, formulation, end use and distribution channel as referenced above.

The countries covered in the nut-based milk market report are Spain, France, U.K., Germany, Italy, Poland, Sweden, Russia, Netherlands, Belgium, Turkey, Denmark, Switzerland, Rest of Europe.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe 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 Nut-based Milk Market Share Analysis

The 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, Europe 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 nut-based milk market.

Some of the major players operating in the 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 SA (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.)
• Bionova (India)

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