Hazelnut Milk Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global hazelnut milk market is anticipated to record a 9.3% CAGR during 2024-2032, due to the consumer preference for plant-based alternatives. There is a wider awareness of the environmental and health benefits of plant-based diets. Hazelnut milk, known for its rich flavor and nutritional benefits, appeals to health-conscious individuals seeking low-calorie, dairy-free choices. The rise in veganism and lactose intolerance also drives this trend, with hazelnut milk being a suitable substitute for traditional dairy products. According to NIDDK report, experts estimate that roughly 68% of Global population experiences lactose malabsorption.

Innovations in food technology and wider product availability further boost the hazelnut milk market. Improved processing techniques have enhanced the flavor and texture of the product, attracting a wider audience. The presence of hazelnut milk in mainstream retail outlets and cafes, supported by effective marketing strategies, has increased its adoption. According to a 2023 report by the Plant Based Foods Association, plant-based milk sales grew by 20% over the past year, highlighting the shift towards sustainable and health-focused options.

The overall hazelnut milk industry is classified based on form, sugar content, end-user, distribution channel, and region.

The liquid form segment is witnessing robust expansion, due to its versatility and ease of use in various culinary applications. Liquid hazelnut milk is favored for its convenience, as it can be seamlessly incorporated into coffee, smoothies, baking, and cooking, appealing to both consumers and foodservice establishments. Its liquid state also ensures immediate consumption and better shelf stability. The demand for ready-to-drink plant-based beverages will further add to the product's popularity.

The personal care segment will hold a notable market share by 2032, driven by the increasing incorporation of natural ingredients in skincare and beauty products. Hazelnut milk is valued or its nourishing properties, including vitamins and antioxidants that benefit the skin. Its hydrating and soothing effects make it a desirable ingredient in lotions, creams, and facial masks. As consumers prefer products with natural and eco-friendly components, the demand for hazelnut milk in personal care formulations is expected to rise in the future.

Asia Pacific hazelnut milk market size is poised to experience notable growth through 2032, driven by a surge in health-conscious consumers and increasing adoption of plant-based diets across the region. Rapid urbanization and rising disposable incomes are contributing to a greater demand for diverse and premium dairy alternatives. Additionally, heightened awareness of lactose intolerance and a preference for sustainable living are bolstering the demand for non-dairy options. The growing availability of hazelnut milk in retail outlets and cafes, along with localized product innovations that cater to regional taste preferences will help the regional market evolve in the coming years.

Product Code: 10312

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing health awareness
  - 3.2.1.2 Rising vegan and plant-based diet trends
  - 3.2.1.3 Lactose intolerance and dairy allergies
- 3.2.2 Market challenges
  - 3.2.2.1 Nut allergies and sensitivities
  - 3.2.2.2 Supply chain and sourcing issues
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Form, 2021-2032 (USD Million, Tons)

5.1 Key trends
5.2 Powder
5.3 Liquid

Chapter 6 Market Size and Forecast, By Sugar Content, 2021-2032 (USD Million, Tons)

6.1 Key trends
6.2 Sweetened
6.3 Unsweetened

Chapter 7 Market Size and Forecast, By End-Use, 2021-2032 (USD Million, Tons)

7.1 Key trends
7.2 Food and beverages
7.3 Nutraceuticals
7.4 Pharmaceuticals
7.5 Personal Care
7.6 Others

Chapter 8 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Tons)

8.1 Key trends
8.2 Online
8.3 Offline

Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Whitewave Foods
10.2 Blue Diamond Growers
10.3 Daiya Foods Inc.
10.4 Tofutti Brands Inc.
10.5 SunOpta Inc.
10.6 Fine Japan Co. Ltd.
10.7 Hain Celestial Group
10.8 Galaxy Nutritional Foods, Inc.
10.9 Nature's Choice B.V.
10.10 VitaHazelnut Australia Products Pty. Ltd.