Global Peanut Milk Market, By Product Type (Pure, Mixed), Form (Powder, Liquid) Application (Direct Consumptions, Culinary Purpose, Bakery and Confectionery, Peanut Butter and Spreads, Peanut Bars, Dairy Products, Others), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Speciality Stores, E-commerce, Others), End User (Adult, Children), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Peanut Milk Market
Data Bridge Market Research analyses that the global peanut milk market to be growing at a CAGR of 6.3% in the forecast period of 2022-2029.
Peanut milk is a liquid substance derived from peanut seeds. They can be grown, farmed, or found in nature. They are high in vitamins, especially B6, and the life-giving mineral magnesium is abundant. Both powder and liquid forms are available.
The rise in demand for vitamin E sources and fibrous diets will drive the peanut milk market. Furthermore, rise in the demand for healthy magnesium rich food sources to boost immunity and maintain metabolism and increase in the number of vegan population are some macroeconomic factors that are positively impacting the worldwide peanut milk market. Other factors including shifting food consumption patterns among consumers, and changing dietary patterns will cushion the market’s growth rate. Another significant factor is increasing demand for plant-based milk, which will accelerate the growth rate of the peanut milk market. The rise in disposable income and increasing demand of plant-based products will flourish the growth rate of peanut milk market. The rise in demand of alternative dairy product adoption and trending situations of adopting a casein-free diet will further propel the growth rate of peanut milk market.
Moreover, the rise in research about the benefits of ingredients such as walnuts and peanut resulting in the adoption of beverages products, smoothies, and others will boost the beneficial opportunities for the growth of the peanut milk market. Additionally, the strong demand from various end-use industries and rise in number of consumers allergic to dairy products will act as major drivers that will further create new opportunities for market’s growth in the above mentioned forecast period.
However, high cost associated with the product and prominence of low-cholesterol and low-fat convectional milk will hamper the market growth rate. Additionally, negative impact of COVID-19 on the production and supply of peanut milk will obstruct the peanut milk market's overall growth. Also, lack of awareness in under-developed countries will further challenge the peanut milk market throughout the forecast period.
This peanut 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 localised 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 peanut 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.
Global Peanut Milk Market Scope and Market Size
The peanut milk market is segmented on the basis of form, application, product type, distribution channel, and end user. The growth among segments helps you analyse 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 form, the peanut milk market is divided into liquid and powder.
- On the basis of application, the peanut milk market is segmented into direct consumptions, culinary purpose, bakery and confectionery, peanut butter and spreads, peanut bars, dairy products, and others.
- On the basis of end user, the peanut milk market is fragmented into adult and children.
- On the basis of distribution channel, the peanut milk market is bifurcated into hypermarkets, supermarkets, convenience stores, speciality stores, e-commerce, and others.
- On the basis of product type, the peanut milk market is derived into pure and mixed.
Peanut Milk Market Country Level Analysis
The peanut milk market is analyses and market size, volume information is provided by country, form, application, product type, distribution channel, and end user as referenced above.
The countries covered in the peanut milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the peanut milk market and will continue to flourish its trend of dominance during the forecast period owing to the increasing demand for peanut milk and high production of peanut kernel in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the rising population and presence of key players in this region.
The country section of the peanut 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 global 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 Global Peanut Milk Market Share Analysis
The peanut 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, global 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 peanut milk market.
Some of the major players operating in the peanut milk market are Hebei Chengde Lolo Co.,Ltd., YILI., Elmhurst 1925, Nutrinity Foundation., Hangzhou Wahaha Group Co.,Ltd., Good Karma Foods, Nest and Glow, Yinlu foods Group, and China Mengniu Dairy Company Limited, among others.
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