Embracing Nutritional Values Hazelnut Milk’s US$ 195.2 Million Projected Market and Growth Factors by 2032

sales of hazelnut milk are expected to hit $195.2 million by 2032, growing steadily at 10% annually. Its rise stems from factors like health awareness, lactose intolerance, plant-based diet preferences, and ongoing R&D for enhanced nutritional alternatives in non-dairy products.

sales of hazelnut milk Sales of hazelnut milk are predicted to reach $195.2 million by 2032, growing at a steady 10% annual pace. This milk is manufactured from the Corylus plant and is available with whole, sliced, chunked, or powdered hazelnuts.

The growing popularity of non-dairy milk product substitutes can be attributed to a number of factors, including consumer health consciousness, lactose intolerance or problems with dairy digestion, a preference for plant-based diets, and emerging research and development to find newer product portfolios that offer additional nutritional benefits.

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Growing concerns about weight management, a focus on weight loss and maintenance, heart disease, anemia, cancer, and allergies to dairy-based products, aiding in the treatment of iron deficiency anemia, and the importance of blood sugar spike control are some of the factors that have contributed to market enforcement.

Key Takeaways from Market Study

  • Italy is the world’s second-largest producer and consumer of hazelnuts. An estimated 90% of the hazelnuts produced in the country are sold to processing companies, with the remaining 10% consumed fresh.
  • The U.S. is expected to grow at a CAGR of 7.7% from 2020 to 2032, owing to a strong consumer preference for non-dairy or cereal products.
  • The powder form is the most practical way to prepare the final products as well as an extract from the grains of almonds. In 2022, the powder sub-segment will account for a sizable market share.
  • During the forecast period, online stores are expected to grow at the fastest rate.
  • The COVID-19 pandemic has disrupted the hazelnut milk industry growth strategies and forecasts, and everything must be recalculated.

“The growing reach and promotion of plant-based or cereal alternatives to traditional dairy products, particularly beverages, but also cultured products such as ice cream, yogurt, creamers, frozen desserts, and cheese, has fueled hazelnut milk market demand,” says a lead analyst at Future Market Insights.

Who is Winning?

The Hazelnut Milk Market industry provides numerous opportunities for small manufacturers and startups to develop cost-effective solutions for the production of Hazelnut Milk products. The demand from automobile manufacturers is constantly increasing, which may encourage several startups to launch innovative products in this market.

  • Danone announced in December 2019 that it had participated in a funding round for the plant-based company Halsa Foods.

Some of the key players in the Hazelnut Milk Market include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy Nutritional Foods, Inc., Nature’s Choice B.V., and Vitasoy Australia Products Pty. Ltd.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of hazelnut milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Hazelnut Milk Market by Category

By Form, Hazelnut Milk Market is Segmented as:

  • Powder
  • Liquid

By Sales Channel, Hazelnut Milk Market is Segmented as:

  • Supermarket
  • Hypermarket
  • Online Retails
  • Others

By End-User, Hazelnut Milk Market is Segmented as:

  • Food & Beverages
  • Nutraceuticals & Baby Food
  • Personal Care
  • Pharmaceuticals
  • Others

By Region, Hazelnut Milk Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

Savour a Nutritious Pleasure! Purchase now to Savour the Nuance of Hazelnut Milk, Easily Accessible at Your Preferred Supermarkets, Hypermarkets, and Online Shops :
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Frequently Asked Questions

  • At what rate will the Hazelnut Milk Market grow?
  • What is the expected value of the Hazelnut Milk Market by 2032?
  • What are the key factors driving the Hazelnut Milk Market?
  • Which region adds to the highest Hazelnut Milk Market Valuation?
  • What are the key strategies adopted by the major players in the Hazelnut Milk Market?
  • Who are the key players in the Hazelnut Milk Market?

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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