Hazelnut Milk Market Summary, Value Structure Analysis, Growth Opportunities And Forecast To 2032
According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of hazelnut milk are estimated to reach a value of USD 195.2 Mn by 2032, surging at 10% CAGR through the decade.
The term “hazelnut” refers to a species of the genus Corylus. Unshelled hazelnuts are available in whole, diced, sliced, or ground kernels.
The rising consumption of substitutes to dairy-based milk products can be attributed to a variety of factors, including rising consumer health consciousness, lactose intolerance or dairy digestion issues, and an increasing preference for vegan diets, as well as emerging research and development to find newer products portfolios that provide additional nutritional benefits.
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Growing concerns about weight management, a focus on weight loss and maintenance, heart disease, anemia, cancer, and allergies to dairy-based products, aiding in the treatment of iron deficiency anemia, and the importance of blood sugar spike control are some of the factors that have contributed to market enforcement.
Key Takeaways from Market Study
“The growing reach and promotion of plant-based or cereal alternatives to traditional dairy products, particularly beverages, but also cultured products such as ice cream, yogurt, creamers, frozen desserts, and cheese, has fueled hazelnut milk market demand,” says a lead analyst at Future Market Insights.
Who is Winning?
The Hazelnut Milk Market industry provides numerous opportunities for small manufacturers and startups to develop cost-effective solutions for the production of Hazelnut Milk products. The demand from automobile manufacturers is constantly increasing, which may encourage several startups to launch innovative products in this market.
Some of the key players in the Hazelnut Milk Market include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy Nutritional Foods, Inc., Nature’s Choice B.V., and Vitasoy Australia Products Pty. Ltd.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of hazelnut milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Hazelnut Milk Market by Category
By Form, Hazelnut Milk Market is Segmented as:
By Sales Channel, Hazelnut Milk Market is Segmented as:
By End-User, Hazelnut Milk Market is Segmented as:
By Region, Hazelnut Milk Market is Segmented as:
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Frequently Asked Questions
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 12, 2022