| Product Code: ETC13135432 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Nut-Based Milk Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 6.5 Billion by 2031, growing at a compound annual growth rate of 9.27% during the forecast period (2025-2031).
The Global Nut-Based Milk Market is witnessing significant growth due to the increasing adoption of plant-based diets, growing awareness about lactose intolerance, and rising demand for dairy alternatives. Almond milk, cashew milk, and coconut milk are among the popular nut-based milk varieties driving market expansion. Consumer preference for healthier options, environmental sustainability concerns, and the availability of various flavors and fortified options are key factors propelling the market growth. The market is characterized by intense competition, with key players focusing on product innovation, distribution expansion, and strategic partnerships to gain a competitive edge. North America and Europe dominate the market, but emerging economies in Asia-Pacific and Latin America present lucrative growth opportunities for nut-based milk manufacturers. Overall, the Global Nut-Based Milk Market is poised for continued growth in the coming years.
The Global Nut-Based Milk Market is experiencing significant growth driven by the increasing consumer demand for plant-based alternatives to dairy products. Almond milk is the dominant segment, but other nut-based milks such as coconut, cashew, and hazelnut are also gaining popularity due to their perceived health benefits and environmental sustainability. The market is witnessing innovation in flavors, formulations, and packaging to cater to diverse consumer preferences. Opportunities for growth lie in the rising awareness of lactose intolerance, veganism, and health consciousness among consumers. Additionally, the expansion of distribution channels, including e-commerce platforms, presents a promising avenue for market players to reach a wider audience. Overall, the nut-based milk market is poised for continued expansion and offers ample opportunities for product diversification and market penetration.
The Global Nut-Based Milk Market faces several challenges, including competition from traditional dairy products, limited consumer awareness about nut milk varieties, and fluctuating prices of nuts due to weather conditions and geopolitical factors. Additionally, issues related to allergen labeling, consistency in taste and texture, and concerns about sustainability and environmental impact in nut farming practices pose challenges for market growth. Furthermore, regulatory hurdles, such as labeling requirements and product standards, vary across regions, adding complexity for manufacturers operating in multiple markets. Overall, overcoming these challenges requires effective marketing strategies to educate consumers, innovative product development to enhance quality and taste, sustainable sourcing practices, and collaboration with regulatory bodies to ensure compliance and consumer safety.
The global nut-based milk market is primarily driven by the increasing consumer preference for plant-based and dairy-free alternatives due to health and environmental concerns. Growing awareness about lactose intolerance, milk allergies, and ethical considerations surrounding animal agriculture have led to a rise in demand for nut-based milks such as almond, cashew, and coconut milk. Additionally, the perceived health benefits of nut-based milks, including being rich in nutrients, vitamins, and minerals, have also contributed to market growth. Innovations in product formulations, flavors, and packaging, as well as aggressive marketing strategies by manufacturers, are further propelling the expansion of the nut-based milk market on a global scale.
Government policies related to the Global Nut-Based Milk Market vary by country but generally focus on ensuring food safety, labeling requirements, and trade regulations. Many countries have regulations in place to ensure that nut-based milk products meet certain quality standards and do not pose a health risk to consumers. Additionally, governments may require specific labeling to accurately inform consumers about the ingredients and nutritional content of nut-based milk products. Trade regulations may also impact the global nut-based milk market, with tariffs and import/export restrictions influencing the flow of products between countries. Overall, government policies play a significant role in shaping the regulatory environment for the nut-based milk market and ensuring consumer protection and market access.
The Global Nut-Based Milk Market is poised for significant growth in the coming years, driven by the increasing consumer preference for plant-based alternatives to traditional dairy products. Factors such as rising health consciousness, lactose intolerance, and environmental sustainability concerns are fueling the demand for nut-based milks like almond, coconut, and cashew milk. The market is expected to witness a surge in product innovations, flavors, and packaging formats to cater to diverse consumer preferences. Additionally, the growing availability of nut-based milk products in retail outlets and online platforms will further boost market penetration. With ongoing investments in research and development, as well as marketing initiatives promoting the benefits of nut-based milks, the market is projected to expand globally and present lucrative opportunities for industry players in the foreseeable future.
In the Global Nut-Based Milk Market, Asia is forecasted to experience significant growth due to the increasing adoption of plant-based diets and rising health consciousness among consumers. North America is expected to dominate the market, driven by the strong presence of key players and high consumer demand for dairy alternatives. Europe is also witnessing a surge in nut-based milk consumption, attributed to the growing vegan population and sustainability concerns. The Middle East and Africa region is gradually embracing nut-based milk products, influenced by changing dietary preferences and a shift towards healthier lifestyles. Latin America is seeing a rising demand for nut-based milk, fueled by the expanding vegan and lactose-intolerant consumer base, as well as the introduction of innovative product variants to cater to diverse consumer preferences.
Global Nut-Based Milk Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Nut-Based Milk Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Nut-Based Milk Market Revenues & Volume, 2021 & 2031F |
3.3 Global Nut-Based Milk Market - Industry Life Cycle |
3.4 Global Nut-Based Milk Market - Porter's Five Forces |
3.5 Global Nut-Based Milk Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Nut-Based Milk Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Nut-Based Milk Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Global Nut-Based Milk Market Revenues & Volume Share, By Form Type, 2021 & 2031F |
3.9 Global Nut-Based Milk Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.10 Global Nut-Based Milk Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Nut-Based Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Nut-Based Milk Market Trends |
6 Global Nut-Based Milk Market, 2021 - 2031 |
6.1 Global Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Nut-Based Milk Market, Revenues & Volume, By Flavored, 2021 - 2031 |
6.1.3 Global Nut-Based Milk Market, Revenues & Volume, By Unflavored, 2021 - 2031 |
6.2 Global Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Nut-Based Milk Market, Revenues & Volume, By Soy Milk, 2021 - 2031 |
6.2.3 Global Nut-Based Milk Market, Revenues & Volume, By Almond Milk, 2021 - 2031 |
6.2.4 Global Nut-Based Milk Market, Revenues & Volume, By Coconut Milk, 2021 - 2031 |
6.2.5 Global Nut-Based Milk Market, Revenues & Volume, By Rice Milk, 2021 - 2031 |
6.2.6 Global Nut-Based Milk Market, Revenues & Volume, By Oat Milk, 2021 - 2031 |
6.2.7 Global Nut-Based Milk Market, Revenues & Volume, By Hemp Milk, 2021 - 2031 |
6.2.8 Global Nut-Based Milk Market, Revenues & Volume, By Cashew Milk, 2021 - 2031 |
6.2.9 Global Nut-Based Milk Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Nut-Based Milk Market, Revenues & Volume, By Powder, 2021 - 2031 |
6.3.3 Global Nut-Based Milk Market, Revenues & Volume, By Liquid, 2021 - 2031 |
6.4 Global Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Nut-Based Milk Market, Revenues & Volume, By Food and Beverages, 2021 - 2031 |
6.4.3 Global Nut-Based Milk Market, Revenues & Volume, By Nutraceuticals, 2021 - 2031 |
6.4.4 Global Nut-Based Milk Market, Revenues & Volume, By Baby Food, 2021 - 2031 |
6.4.5 Global Nut-Based Milk Market, Revenues & Volume, By Personal Care, 2021 - 2031 |
6.5 Global Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Nut-Based Milk Market, Revenues & Volume, By Supermarket and Hypermarket, 2021 - 2031 |
6.5.3 Global Nut-Based Milk Market, Revenues & Volume, By Convenience Stores, 2021 - 2031 |
6.5.4 Global Nut-Based Milk Market, Revenues & Volume, By Foodservice, 2021 - 2031 |
6.5.5 Global Nut-Based Milk Market, Revenues & Volume, By Specialty Retail Stores, 2021 - 2031 |
6.5.6 Global Nut-Based Milk Market, Revenues & Volume, By Online Retails, 2021 - 2031 |
7 North America Nut-Based Milk Market, Overview & Analysis |
7.1 North America Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
7.2 North America Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.5 North America Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
7.6 North America Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
7.7 North America Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Nut-Based Milk Market, Overview & Analysis |
8.1 Latin America (LATAM) Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.5 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
8.6 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
8.7 Latin America (LATAM) Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Nut-Based Milk Market, Overview & Analysis |
9.1 Asia Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.5 Asia Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
9.6 Asia Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
9.7 Asia Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Nut-Based Milk Market, Overview & Analysis |
10.1 Africa Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.5 Africa Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
10.6 Africa Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
10.7 Africa Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Nut-Based Milk Market, Overview & Analysis |
11.1 Europe Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.5 Europe Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
11.6 Europe Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
11.7 Europe Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Nut-Based Milk Market, Overview & Analysis |
12.1 Middle East Nut-Based Milk Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Nut-Based Milk Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Nut-Based Milk Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Nut-Based Milk Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Nut-Based Milk Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.5 Middle East Nut-Based Milk Market, Revenues & Volume, By Form Type, 2021 - 2031 |
12.6 Middle East Nut-Based Milk Market, Revenues & Volume, By End Use, 2021 - 2031 |
12.7 Middle East Nut-Based Milk Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Nut-Based Milk Market Key Performance Indicators |
14 Global Nut-Based Milk Market - Export/Import By Countries Assessment |
15 Global Nut-Based Milk Market - Opportunity Assessment |
15.1 Global Nut-Based Milk Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Nut-Based Milk Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Nut-Based Milk Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.4 Global Nut-Based Milk Market Opportunity Assessment, By Form Type, 2021 & 2031F |
15.5 Global Nut-Based Milk Market Opportunity Assessment, By End Use, 2021 & 2031F |
15.6 Global Nut-Based Milk Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Nut-Based Milk Market - Competitive Landscape |
16.1 Global Nut-Based Milk Market Revenue Share, By Companies, 2024 |
16.2 Global Nut-Based Milk Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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