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The macadamia milk market share is expected to increase by USD 1.39 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.92%.
This macadamia milk market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers macadamia milk market segmentation by type (conventional and organic) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The macadamia milk market report also offers information on several market vendors, including Buderim Ginger, Camellia Plc, Dr Paulos Kona Coffee and Macadamia Nut Farms, GOLDEN MACADAMIAS (PTY) LTD., Hamakua Macadamia Nut Co., Health and Plant Protein Group Ltd., Kenya Nut Co., macamilk, MacFarms LLC, Makua Coffee Co., Marquis, Mauna Loa Macadamia Nut Corp., Mayo Macs, Milkadamia, MWT Foods, Nambucca Macnuts Pty Ltd., Superior Nut Co. Inc., T M Ward Coffee Inc., WONDAREE MACADAMIA NUTS, and Ivory Macadamias among others.
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The rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk is notably driving the macadamia milk market growth, although factors such as the availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the macadamia milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Macadamia Milk Market Driver
One of the key factors driving growth in the macadamia milk market is the rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk. The number of individuals with lactose intolerance is increasing in European countries, such as Italy, Germany, Spain, Turkey, Poland, France, and the UK. Thus, the demand for lactose-free products and products that have a low lactose content is increasing at a fast pace. Plant-based milk, including macadamia milk, is a viable alternative to cow milk. With an increase in the number of lactose-intolerant people, the demand for macadamia milk will increase at a fast pace during the forecast period globally.
Key Macadamia Milk Market Trend
The growing demand for sugar-free and organic macadamia milk is a macadamia milk market trend that is expected to have a positive impact in the coming years. At present, obesity has become a common issue among the global population. A large portion of the population around the globe is overweight and obese. With the increasing obesity rates across the world, most end-consumers are inclined toward buying sugar-free products. This presents an opportunity for macadamia milk vendors to introduce sugar-free macadamia milk in their portfolio to increase their consumer base. Thus, many vendors are currently offering sugar-free macadamia milk to meet the growing consumer demands. With the growing trend of sugar-free products and rising health consciousness among consumers, many vendors are expected to develop sugar-free macadamia milk.
Key Macadamia Milk Market Challenge
The availability of substitutes will be a major challenge for the macadamia milk market during the forecast period. There is a wide range of substitutes for macadamia milk that are available in the market. Numerous prominent brands such as Borges International Group SLU, California Walnuts, Elmhurst Milked Direct LLC, and Hebei Chengde Lolo Co. Ltd. offer alternative products such as functional beverages, dairy products, and other plant-based alternatives, such as almond and soy milk. In recent years, there has been a growing demand for functional beverages that contain nutrients such as protein, calcium, vitamin D, vitamin A, vitamin B12, potassium, phosphorus, riboflavin, and niacin. The availability of such alternatives will pose a threat to the growth of the global macadamia milk market.
This macadamia milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global macadamia milk market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the macadamia milk market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the macadamia milk market encompasses successful business strategies deployed by the key vendors. The macadamia milk market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The macadamia milk market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the macadamia milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for macadamia milk in North America. Market growth in this region will be slower than the growth of the market in other regions.
The presence of prominent regional and international brands that offer macadamia milk in the region will facilitate the macadamia milk market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the business operations of vendors in the regional macadamia milk market were negatively impacted by the outbreak of COVID-19. Governments of countries such as the US, Canada, and Mexico imposed stringent restrictions, such as nationwide lockdowns and stay-at-home orders, which negatively impacted the demand for macadamia milk from physical retail outlets due to their full or partial closure. In H2 2021, due to the availability of vaccines and reduction in COVID-19 cases, the nationwide lockdowns eased. The demand for macadamia milk in the region returned to normal as retail outlets, such as grocery stores, convenience stores, hypermarkets, and supermarkets, reopened in the region.
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The macadamia milk market share growth in the conventional segment will be significant during the forecast period. The health benefits of macadamia milk are expected to increase the demand in this segment during the forecast period. Realizing the market potential, many new players are entering the market with their product offerings. The market is expected to offer a good return on investment and attract several players during the forecast period.
his report provides an accurate prediction of the contribution of all the segments to the growth of the macadamia milk market size and actionable market insights on the post-COVID-19 impact on each segment.
Macadamia Milk Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.92% |
Market growth 2022-2026 |
$ 1.39 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.9 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Buderim Ginger, Camellia Plc, Dr Paulos Kona Coffee and Macadamia Nut Farms, GOLDEN MACADAMIAS (PTY) LTD., Hamakua Macadamia Nut Co., Health and Plant Protein Group Ltd., Kenya Nut Co., macamilk, MacFarms LLC, Makua Coffee Co., Marquis, Mauna Loa Macadamia Nut Corp., Mayo Macs, Milkadamia, MWT Foods, Nambucca Macnuts Pty Ltd., Superior Nut Co. Inc., T M Ward Coffee Inc., WONDAREE MACADAMIA NUTS, and Ivory Macadamias |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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