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Improving Health Consciousness to Augment Market Growth in North America
North America is expected to dominate the nut milk market share during the forecast period, backed by the rapidly improving health consciousness among milk consumers across the US and Canada. Furthermore, the increasing prevalence of chronic diseases, such as diabetes and cardiovascular conditions, is also pushing people to adopt organic diets, which in turn are fueling the demand for non-dairy, low-calorie milk and milk products.
In Europe, the uptake of nut milk is primarily driven by the expanding adoption of veganism in the region. Vegan trends in the continent are being propelled by the growing awareness about animal atrocities and a strong commitment to curb the worsening effects of climate change.
Launch of Novel Offerings by Large Brands to Stoke Competitive Spirits
Multinational brands are aiding the growth of this market by introducing novel nut milk-based formulations for customers. These imaginative offerings are allowing innovators of non-dairy milk products to reach a wider audience and gain rapid traction in the market, as well as strengthen their position.
March 2021: Starbucks released a new line of non-dairy iced shaken expresso, the Iced Chocolate Almondmilk Shaken Espresso and Iced Brown Sugar Oatmilk Shaken Espresso, in its spring menu across most of its stores in the US. Along with these, the company also launched Oatly oat milk nationally.
List of Key Players Covered in the Nut Milk Market Report:
Daiya Foods, Inc.
Goya Foods, Inc.
Mariani Nut Company
Pacific Foods of Oregon, LLC
Galaxy Nutritional Foods, Inc.
McCormick and Co.
Blue Diamond Growers
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Press Release Distributed by The Express Wire
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