Walnut Milk Market Size, Industry Analysis Report
The Walnut Milk Market size is driven by rising awareness regarding the health benefits of walnut milk among consumers. Increasing demand for healthy and nutritious food is likely to propel the walnut milk market in future due to its excellent properties which helps in reducing body weight and provide omega 3 fatty acid.
Upsurge in health concerns among consumers related to obesity, early aging and hair loss issues are some of key reasons spurring the growth of walnut milk market. Owing to it contain vitamin B7 which is used as a supplement in order to prevent the hair loss and helps in minimizing cholesterol level in order to control fatness as it is a lactose free component. Other health benefits include as it improves mental health by providing essential fatty acids (omega 3) and fats, controls high blood pressure and symptoms of arthritis problem. The product contains amino acid tryptophan which helps in development of enteric nervous system which supports to better digestion function are some major factors will uplift the product market demand during forecast period.
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Increasing demand in personal care industry is likely to fuel the walnut milk market in upcoming years. As the product is used in wrinkle free creams which is highly demanded in European nations due to the large presence of ageing population in this region. High usage of the product for the prevention of heart disease as it contains the antioxidant and it minimizes the diabetes risk. It also slows down the aging rate among humans and contains melatonin which prevent the insomnia disorder. These all are the significant factors for product market growth.
Currently, cancer disease creates threats to human life, which will also propel the walnut milk market demand owing to it is used for curing breast cancer. Product is widely used for preventing pancreatic disorders and reduces stress, are some driving factors for product market growth in future. Walnut is a seed of drupe fruits and belongs from jugladaceae family and rich source of protein. Walnut milk and oil assistances to fight stress as well, these useful properties of walnut milk will drive the product demand to a greater extent.
Rising demand in food & beverage industry is foreseen the significant growth of walnut milk market, owing to the high consumption of the product. Based on flavor, walnut milk market is segmented which includes vanilla, chocolate and unsweetened based product. As per the demand of flavor based product, vanilla one leads the market after original flavor based high protein milk in this segment. The product is supplied and distributed through online stores, hypermarkets and convenience stores, which will support the product market demand. Attractive packaging and allergies from other dairy products has also uplift the walnut milk market due to its lactose free quality.
North America holds the largest market share of walnut milk owing to largest consumer of the product and the U.S. is the major exporter of walnut.
Asia pacific, led by India and China is expected to drive the product growth as largest production is done in this region owing to availability of raw material like walnuts, cheap labor, craze over healthy plant protein drink and low cost product. Europe is the major consumer of the product as omega 3 deficiency is pervasive in U.K peoples.
The prominent leaders in walnut milk market includes Elmhurst Harvest, Yili Group, Chengde Lulu, Panpan Food, Sanyuan Group and China Mengniu Dairy Company Limited. Some other key players include WhiteWave Foods, Mengniu, Wahaha Products and Diamond foods. For an instance, In March 2010, Diamond foods closed its acquisition of kettle foods groups as under the agreement the company acquired the all operational units of kettle foods.