Nut-based milk is a versatile dairy milk substitute, finding its place in coffee, breakfast cereals, cooking, and baking. It is also used as a base for dietary supplements and plant-based beverages. Its advantages include being a healthier option with lower saturated fats, lactose-free nature, and nutrient richness. Moreover, it aligns with vegan and plant-based diets, is environmentally friendly, and offers diverse flavors and formulations. The European market's growing popularity for nut-based milk is driven by its appeal to health-conscious consumers and those with dietary restrictions and its sustainable and customizable nature.
According to Data Bridge Market Research analyses, the Europe Nut-Based Milk Market was valued at USD 11.24 billion and is expected to reach USD 35.11 billion by 2029, at a CAGR of 15.30% during the forecast period of 2022-2029.
"Social media's impact on the European nut-based milk market"
The increasing presence of social media marketing significantly drives the growth of the nut-based milk market in Europe. Social media platforms are powerful tools for promoting nut-based milk products, increasing brand visibility, and engaging with consumers. Influencer endorsements, particularly by celebrities and athletes advocating for healthy lifestyles, are crucial in encouraging consumer adoption. Moreover, these platforms direct consumers to online retail channels, making it convenient for them to access and purchase nut-based milk products, further fueling market growth.
What restraints the growth of Europe nut-based milk market?
“Lack of awareness restrains the market growth”
The lack of awareness and concerns about beverage additives represent significant restraints on the growth of the nut-based milk market in Europe. Additionally, worries about additives and preservatives in these products can discourage consumers from making the switch from traditional dairy. The well-established presence of dairy products in the European market further intensifies competition.
Segmentation: Europe Nut-Based Milk Market
The Europe nut-based milk market is segmented on the basis of category, nut milk type, packaging, packaging size, flavor, formulation, end-user, and distribution channel.
- On the basis of category, the Europe nut-based milk market is segmented into organic and inorganic.
- On the basis of nut milk type, the Europe nut-based milk market is segmented into almond milk, coconut milk, cashew milk, walnut milk, hazelnut milk, and others
- On the basis of packaging, the Europe nut-based milk market is segmented into sachets, tetra pack, bottles, and others
- On the basis of packaging size, the Europe nut-based milk market is segmented into above 1000 ml, 501 to 1000 ml, 250 to 500 ml, 110 to 250 ml, and others
- On the basis of flavor, the Europe nut-based milk market is segmented into original, vanilla, chocolate, honey, coffee, and others
- On the basis of formulation, the Europe nut-based milk market is segmented into sweetened and unsweetened
- On the basis of end-user, the Europe nut-based milk market is segmented into restaurants, hotels and bars, café, catering, and household
- On the basis of distribution channel, the Europe nut-based milk market is segmented into tore-based retailing and online/e-commerce
To know more about the study visit https://www.databridgemarketresearch.com/reports/europe-nut-based-milk-market
The Prominent Key Players Operating in the Europe Nut-Based Milk Market Include:
- Bayer AG (Germany)
- Abbott (U.S.)
- DSM (Netherlands)
- DuPont. (U.S.)
- Amway (U.S.)
- The Nature's Bounty Co. (U.S.)
- GSK plc. (U.K.)
- Nestlé SA (Switzerland)
- RiceBran Technologies (U.S.)
- Mead Johnson & Company, LLC. (U.S.)
- Medifast, Inc. (U.S.)
- Premier Nutrition Corporation (U.S.)
- TOOTSI IMPEX Inc. (Canada)
- U.S. Spice Mills, Inc. (U.S.)
- Health Milk Manufacturers' Association (U.K.)
- NOW Milk (U.S.)
- Glanbia PLC (Ireland)
- Herbalife International of America, Inc. (U.S.)
- Bionova (India)
Above are the key players covered in the report, to know about more and exhaustive list of Europe nut-based milk market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Nut-Based Milk Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
