PUBLISHER: KBV Research | PRODUCT CODE: 1599463
PUBLISHER: KBV Research | PRODUCT CODE: 1599463
The Latin America, Middle East and Africa Pistachio Milk Market would witness market growth of 12.8% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 9,048.0 Tonnes, showcasing a growth of 10.9% (2024-2031).
Flavored pistachio milk includes added flavors such as vanilla, chocolate, caramel, or fruit, which cater to consumers who prefer a sweeter or more indulgent taste. Flavored pistachio milk has become a popular alternative to dairy milk and other plant-based options due to its familiar taste and versatility. The added flavors enhance the overall appeal, making it a perfect option for those looking for a delicious drink on its own or as a complement to desserts and baked goods. Thus, the Flavored segment in Brazil market consumed 910.1 Tonnes in 2023.
The Brazil market dominated the LAMEA Pistachio Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $54.5 million by 2031. The Argentina market is showcasing a CAGR of 13.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 12% during (2024 - 2031).
In addition to these factors, marketing and branding efforts have played a vital role in elevating this milk's profile. Brands emphasize its unique qualities, such as its creamy taste, rich nutritional profile, and eco-friendly production, to appeal to health-conscious and sustainability-focused consumers. Campaigns often highlight this milk's distinct green hue and premium appeal, setting it apart from other plant-based options like almond or soy milk.
Influencer endorsements and social media have further boosted this milk's popularity, positioning it as a trendy and desirable product. Collaborations with fitness influencers highlight its benefits as a post-workout recovery drink, while vegan chefs showcase its versatility in recipes, from lattes to smoothies. Celebrity advocates of plant-based living, particularly in Hollywood or wellness spaces, enhance its aspirational appeal.
In Saudi Arabia, the demand for this milk is rising as plant-based products are adopted in local diets. With increasing global influence and a growing interest in health and sustainability, Saudi consumers are incorporating this milk into traditional dishes and modern recipes. For example, pistachio milk is used as a dairy alternative in preparing desserts like Umm Ali and smoothies during Ramadan, reflecting its versatility. Supermarkets like Carrefour and online platforms like Noon.com have made this milk more accessible, ensuring its reach beyond cities like Riyadh and Jeddah. Known for its vibrant food culture and demand for premium products, the UAE has embraced this milk in high-end cafes and restaurants. For instance, artisanal coffee shops in Dubai serve this milk cappuccinos and lattes, catering to customers seeking unique and indulgent experiences. The UAE's expanding vegan movement, supported by events like VegFest Dubai, has further highlighted this milk's role as a sophisticated and sustainable choice. Thus, all these factors will drive the expansion of the regional market.
Based on Source, the market is segmented into Conventional, and Organic. Based on Product, the market is segmented into Plain, and Flavored. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Stores, Online Retail, and Other Distribution Channels. Based on Packaging, the market is segmented into Cartons, Bottle, and Other Packaging. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Pistachio Milk Market Report Segmentation
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)