A recent report published by Infinium Global Research on the walnut milk market provides an in-depth analysis of segments and sub-segments in the global as well as regional walnut milk market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional walnut milk market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global walnut milk market. According to the report, the global walnut milk market is projected to grow at a CAGR of 7% over the forecast period of 2021-2027.
The global walnut milk market was valued at around USD 4,650 million in 2021 and is expected to reach nearly USD 7,290 million in 2027, growing with a CAGR of 7% over the forecast period (2021 - 2027). A walnut is precisely a seed of a drupaceous fruit that comes from a tree that belongs to the Juglandaceae family. Walnut is a rich source of protein and along with vital fatty acids. Furthermore, walnut milk is available in different flavors; nevertheless, the neutral flavor is commonly preferred by the customers. Walnut is normally utilized in cookies, chocolates, and cakes. It is quite suitable to prepare walnut milk at home by blending few walnuts together with milk using a blender and it is the best alternative to dairy products, which possess lactose. Furthermore, the walnut milk market value has prolonged owing to the increase in awareness regarding the health benefits of walnut milk among customers. Moreover, this milk is a good source of omega-3 and it also possesses few properties which help to reduce weight.
The rising awareness regarding the health benefits of walnut milk among consumers is the primary reason to drive the market growth. Growing demand for healthy and nutritious food is likely to boost the walnut milk market in the near future owing to its excellent properties which help in reducing body weight and provide omega-3 fatty acid. Furthermore, an upsurge in health concerns among consumers associated with obesity, early aging, and hair loss issues are some of the key reasons prompting the growth of the walnut milk market. An increase in the aging population in countries such as Japan increases the demand for anti-aging products. This is projected to boost the requirement for walnut milk as an ingredient. However, the high price of walnut is a major factor which is anticipated to restrain the growth of the walnut milk market in the near future. Nevertheless, the increase in demand for food products containing walnut milk is expected to provide growth opportunities to the walnut milk market in the upcoming future.
Among the geographies, the North American region is expected to hold the largest share in the global walnut milk market as countries such as the U.S. and Canada are the front-runners of the adoption of new technology in the food industry. Furthermore, the increasing consumer interest in healthy and functional food propels the market growth of the walnut milk market in the North American region. However, the Asia Pacific region is expected to witness the fastest growth in the walnut milk market during the forecast period. This is attributed to the growing adoption of walnut milk in emerging markets such as China and India. Further, technological advancements and the development of new products within cost-effective price ranges will propel this regional market during the forecast period.
The report on the global walnut milk market covers segments such as flavor, type, and distribution channel. On the basis of flavor, the sub-markets include original, chocolate, unsweetened, and others. On the basis of type, the sub-markets include pure walnut milk, and mixed walnut milk. On the basis of distribution channel, the sub-markets include supermarkets/hypermarkets, convenience stores, and others.
The report provides profiles of the companies in the market such as Alpine Pacific Nut Co, Grower Direct Nut Co. Inc., Poindexter Nut Company, Andersen Shelling, Inc., Webster Limited, Mariani Nut Company Inc., Haleakala Walnut Shelling Inc., Kashmir Walnut Group, and Elmhurst Milked Direct LLC.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of walnut milk market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.