Macadamia Milk Market Soars to US$ 51.3 Million by 2032, Reflecting Robust Growth and Expanding Consumer Adoption Trends

Macadamia Milk Market

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of macadamia milk are estimated to reach a value of US$ 51.3 Million by 2032, surging at 5.4% CAGR through the decade.

The growing public awareness of the health benefits of nuts and dried fruits has spurred industry growth. In recent years, there has been a significant increase in global demand for healthy and nutritious snacks, particularly among the young and working classes. People are also transitioning from animal to plant protein.

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Macadamia nuts are the fruit of the macadamia tree, which belongs to the Proteaceae family and the genus macadamia. Only three species are commercially important: Macadamia ternifolia, Macadamia integrifolia, and Macadamia tetraphylla. Although macadamia nuts are indigenous to Australia, they are now grown all over the world.

Fresh kernels of macadamia can be consumed, prepared with, or processed into a wide range of products. Salted, Roasted, honey-roasted, chocolate coated, and wasabi-flavored are all popular flavors. They are also ground into a paste to make macadamia milk and cold-pressed to produce oil, which is used in baked goods, pastries, and ice cream.

Key Takeaways from Market Study

  • Australia is the largest producer of macadamia nuts in the world. The macadamia milk market in Australia is expected to grow at a CAGR of 7.9% for the forecasted period.
  • The macadamia milk market in Germany is expected to grow at a CAGR of 4% for the forecasted period.
  • The global macadamia milk market can be classified into four distribution channels, supermarkets, online stores, convenience stores, and others.
  • The processed segment is expected to account for more than 36% of the total global Macadamia milk market in terms of value.
  • The Macadamia milk market also suffered some setbacks, as all shops, stalls, and restaurants were forced to close due to Covid-19 restrictions, where either food made from Macadamia milk or other non-dairy products were available for consumption.

“Global consumption of macadamia milk has increased in the last decade, owing primarily to an increase in the consumption of milk extracted from nuts and dried fruits,” says a analyst.

Competitive Landscape

Companies have gained a competitive advantage through numerous growth strategies that include capacity expansions, mergers and acquisitions, internet presence strengthening, and new product introductions.

  • Health and Plant Protein Group Limited have announced plans to enter the rapidly growing market for plant-based food alternatives.

Some of the key players in the Macadamia Milk Market include Marquis Macadamias, Golden Macadamias, Mauna Loa Macadamia Nut Corp, Buderim Group, Kenya Nut Company, Nambucca Macnuts, Ivory Macadamias, Eastern Produce, Hamakua Macadamia Nut Company.

Macadamia Milk Market by Category

By Nature, Macadamia Milk Market is Segmented as:

  • Organic
  • Conventional

By Form, Macadamia Milk Market is Segmented as:

  • Raw
  • Processed
  • Oil

By End-Use, Macadamia Milk Market is Segmented as:

  • Residential
  • Commercial
  • Industrial
  • Food Industry
  • Confectionery
  • Bakery
  • Dairy
  • Snacks
  • Others

By Distribution Channel, Macadamia Milk Market is Segmented as:

  • Direct
  • Indirect

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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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