Walnut Milk Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

The walnut milk market share is expected to increase to USD 1.16 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.9%.

This walnut 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 walnut milk market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The walnut milk market report also offers information on several market vendors, including Borges International Group SLU, California Walnuts, Elmhurst Milked Direct LLC, Hebei Chengde Lolo Co. Ltd., Hebei Yangyuan ZhiHui Beverage Co. Ltd., Inner Mongolia Yili Industrial Group Co. Ltd., Mariani Nut Co., RITA Food and Drink Co. Ltd., Simple Foods Co. Ltd., and TH Food Chain Joint Stock Co. among others.

What will the Walnut Milk Market Size be During the Forecast Period?

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Walnut Milk Market: Key Drivers, Trends, and Challenges

The rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk is notably driving the walnut 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 walnut milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Walnut Milk Market Driver

• One of the key factors driving growth in the walnut milk market is the rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk.
• Consumers with lactose intolerance are unable to digest lactose (a type of sugar found in milk and dairy products).
• With an increase in the number of lactose-intolerant people, the demand for walnut milk will increase at a fast pace during the forecast period globally. 
• In East and Southeast Asia, a large population is lactose-intolerant to a certain extent. There has been increasing awareness among consumers about growth hormones and antibiotics found in cow-based milk processed by the dairy industry. As a result, consumers are refraining from consuming cow-based milk and opting for alternatives, which are increasing the demand for walnut milk. 
• Another major factor that is driving the growth of the global walnut milk market is the allergies associated with other plant-based alternatives such as soy, hazelnut, and almond milk. Thus, such factors can propel the growth of the global walnut milk market.

Key Walnut Milk Market Trend

• The growing demand for sugar-free and organic walnut milk is a walnut milk market trend that is expected to have a positive impact in the coming years.
• With the increasing obesity rates across the world, most end-consumers are inclined toward buying sugar-free products. This presents an opportunity for walnut milk vendors to introduce sugar-free walnut milk in their portfolio to increase their consumer base. 
• With the growing trend of sugar-free products and rising health consciousness among consumers, many vendors are expected to develop sugar-free walnut milk during the forecast period.
• With the growing awareness of the negative impacts of synthetic products on health and the environment, most health-conscious and informed consumers have started using organic products. This also applies to walnut milk.
• Organic beverages are healthy and becoming popular in the market as consumers gradually show increased concern over the quality and origin of the ingredients used in their beverages. Thus, the growing consumer demand for sugar-free and organic walnut milk will propel the growth of the global walnut milk market.

Key Walnut Milk Market Challenge

• The availability of substitutes will be a major challenge for the walnut milk market during the forecast period.
• Numerous prominent brands 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. This can be attributed to increasing consumer awareness of the benefits of functional beverages.
• The availability of such alternatives can pose a threat to the growth of the global walnut milk market during the forecast period. 
• To cater to the growing consumer demand for plant-based milk, food and beverage companies are frequently launching new products. Thus, the availability of a wide range of substitutes for walnut milk poses a challenge for the vendors, which, in turn, can negatively impact the growth of the global walnut milk market.

This walnut 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.

Parent Market Analysis

Technavio categorizes the global walnut 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 walnut milk market during the forecast period.

Who are the Major Walnut Milk Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Borges International Group SLU
• California Walnuts
• Elmhurst Milked Direct LLC
• Hebei Chengde Lolo Co. Ltd.
• Hebei Yangyuan ZhiHui Beverage Co. Ltd.
• Inner Mongolia Yili Industrial Group Co. Ltd.
• Mariani Nut Co.
• RITA Food and Drink Co. Ltd.
• Simple Foods Co. Ltd.
• TH Food Chain Joint Stock Co.

 

This statistical study of the walnut milk market encompasses successful business strategies deployed by the key vendors. The walnut milk market is concentrated and the vendors are deploying growth strategies such as investing in R&D to compete in the market.

Product Insights and News

• Borges International Group SLU - Borges International Group SLU is a public company headquartered in Spain. It is a global company generating $680.74 million in revenues and has around 1,181 employees. Its revenue from the global walnut milk market is a key component of its overall revenues. 
• Borges International Group SLU - The company offers walnut milk products such as Borges nut drink. 

To make the most of the opportunities and recover from 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 walnut 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.

Walnut Milk Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the walnut 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.

Which are the Key Regions for Walnut Milk Market?

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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for walnut milk in North America. Market growth in this region will be slower than the growth of the market in other regions.

The presence of key vendors in the region and the high revenue generated by these vendors will facilitate the walnut 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 walnut milk market were negatively impacted by the outbreak of COVID-19. In H2 2021, due to the availability of vaccines and reduction in COVID-19 cases, the nationwide lockdowns eased. The demand for walnut milk in the region returned to normal as retail outlets such as grocery stores, convenience stores, hypermarkets, and supermarkets reopened in the region. 

What are the Revenue-generating Distribution Channel Segments in the Walnut Milk Market?

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The walnut milk market share growth by the offline segment will be significant during the forecast period. An increase in the number of hypermarkets, supermarkets, and other convenience stores drives the sales of walnut milk through this channel. A large amount of shelf space and storage areas in these stores enables them to accommodate different varieties of walnut milk offered by regional and international vendors such as Alpine Pacific Nut Co. Inc., Grower Direct Nut Co. Inc., Guerra Nut Shelling Co. Inc., Poindexter Nut Company, and Andersen Shelling Inc., thereby allowing consumers to choose products based on their preferred flavors and brands.

This report provides an accurate prediction of the contribution of all the segments to the growth of the walnut milk market size and actionable market insights on post COVID-19 impact on each segment.

 

Walnut Milk Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.9%
Market growth 2022-2026	$ 1.16 billion
Market structure	Concentrated
YoY growth (%)	13.9
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 36%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Borges International Group SLU, California Walnuts, Elmhurst Milked Direct LLC, Hebei Chengde Lolo Co. Ltd., Hebei Yangyuan ZhiHui Beverage Co. Ltd., Inner Mongolia Yili Industrial Group Co. Ltd., Mariani Nut Co., RITA Food and Drink Co. Ltd., Simple Foods Co. Ltd., and TH Food Chain Joint Stock Co.
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, 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.

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What are the Key Data Covered in this Walnut Milk Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive walnut milk market growth during the next five years
• Precise estimation of the walnut milk market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the walnut milk industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of walnut milk market vendors

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