Europe Nut-Based Milk Market By Category (Organic and Inorganic), Nut Milk Type (Almond Milk, Coconut Milk, Cashew Milk, Walnut Milk, Hazelnut Milk and Others), Packaging (Sachets, Tetra Pak, Bottles and Others), Packaging Size (Above 1000 ML, 501 to 1000 ML, 250 to 500 ML, 110 to 250 ML and Others), Flavour (Original, Vanilla, Chocolate, Honey, Coffee and Others), Formulation (Sweetened and Unsweetened), End User (Restaurants, Hotels and Bars, Café, Catering and Household), Distribution Channel (Store-Based Retailing and Online/E-commerce), Country (Spain, France, U.K., Germany, Italy, Poland, Sweden, Russia, Netherlands, Belgium, Turkey, Denmark, Switzerland, Rest of Europe) Industry Trends and Forecast to 2028
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Data Bridge Market Research analyses that the global nut-based milk market will project a CAGR of 14.80% for the forecast period of 2021-2028. Rising awareness about the health benefits of nut-based milk among the population, increased focus of the manufacturers on technological development and commercialization and increasing personal disposable income are the major factors attributable to the growth of nut-based milk market.
Nut-based milk is plant-based milk that is used as an alternative to a wide range of dairy products. Nut-based milk has many nutritional benefits and can be used for a wide range of applications similar to animal-based milk. Nut-based milk is non-dairy milk obtained by soaking nuts in the water and blended into creamy beverage.
Rising personal disposable income, shifting tastes and preferences for healthier food consumption and increasing awareness regarding the healthy benefits of nut-based milk are the major factors fostering the growth of nut-based milk market. Nutritional properties offered by nut-based milk and growth in the demand from developed and developing regions are some other factors acting as market growth determinants. Rising vegan population globally coupled with rise in the cultivation of nuts will further create lucrative growth opportunities for the market.
However, the environmental impact of cultivating tree nuts will pose a major challenge to the growth of nut-based milk market. High prices of nut-based milk will further derail the market growth rate. Also, a large chunk of population is allergic to nuts. This will restrict the scope of growth for the nut oil market.
This nut-based 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 nut-based 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.
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