Global Peanut Milk Market Size study & forecast, by Nature (Organic, Conventional) by Packaging Type (Bottles, Aseptic cartoon), by Application (Food processing industry, Bakery & confectionery, Beverages, Proteins bars & Supplements, Others), by Sales Ch

Global Peanut Milk Market Size study & forecast, by Nature (Organic, Conventional) by Packaging Type (Bottles, Aseptic cartoon), by Application (Food processing industry, Bakery & confectionery, Beverages, Proteins bars & Supplements, Others), by Sales Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Others) and Regional Analysis, 2022-2029

Global Peanut Milk Market is valued at approximately USD 294.12 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.50% over the forecast period 2022-2029. Peanut milk is a non-dairy beverage produced by using peanuts and water. It provides minerals including manganese and vitamin B3, as well as proteins, vitamins, and other nutrients. For consumers who are allergic to dairy products, they serve as an alternative. New components that are gaining popularity as sources for plant-based beverages are nuts. Over the past few years, a variety of specialized items have been introduced, including cashew, hazelnut, and peanut products. Additionally, research highlighting the benefits of foods like peanuts and walnuts are consistently published, enticing consumers to include them in smoothies and other beverages. The market for peanut milk is anticipated to increase as a result of all these factors working together. One of the key factors anticipated to fuel the market expansion for peanut milk is the increase in demand for plant-based milk. Over the past few years, a great demand for naturally made plant-based milk has been recognized, and it is anticipated that this desire will persist during the projected period. One of the key elements driving market expansion is consumer attraction to natural milk with high nutritious content. Additionally, during the past several years, growth in vegan consumers has been seen in the global market. It is projected that as the vegan population grows, demand for plant-based milk products such as peanut milk would rise.

However, the market for peanut milk is expected to develop in the future due to the growing number of vegans. Veganism is the practice of using as no animal products as possible, especially in the diet. The vegan population is expanding quickly for a variety of reasons, including animal welfare, weight loss, and health problems. Thus, the rising vegan population globally is anticipated to support market growth. For instance, as per Veganuary, a non-profit organization, over 500,000 individuals have joined the vegan society, surpassing 2020’s total of 400,000 people. Peanut milk sales are increasing as a result of the growing vegan population. Additionally, the rise in the number of consumers allergic to dairy products, and the growing popularity of novel functional beverages are anticipated to create a lucrative opportunity for the market. However, the high price of plant-based products stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Peanut Milk Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players, rising production of peanut kernel, and growing demand for plant-based milk in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising vegan population, growing number of consumers allergic to dairy products and rising demand for plant-based milk would create lucrative growth prospects for the Peanut Milk market across Asia Pacific region.

Major market player included in this report are:
Hangzhou Wahaha Group Co.,Ltd.
Yinlu foods Group
Elmhurst Milked Direct, LLC
Miruku
Yili Group
Hebei Chengde Lolo Co.,Ltd
Nutrinity Foundation
Good Karma Foods
Nest & Glow
Recent Developments in the Market:
 In February 2020, Caramel dark chocolate peanut bars and caramel chocolate double dough pints, which each have 1g of net carbs and less than 1g of sugar per serving, have been added to the Brand Keto portfolio. Demand for peanut milk has surged as a result of the addition of peanuts.



Global Peanut Milk Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Nature, Packaging Type, Application, Sales Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Nature:
Conventional
Organic
By Packaging Type:
Bottles
Aseptic cartoon
By Application:
Food processing industry
Bakery & confectionery
Beverages
Proteins bars & Supplements
Others
By Sales Channel:
Supermarket/Hypermarket
Convenience Stores
Specialty Stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Hangzhou Wahaha Group Co.,Ltd.
Yinlu foods Group
Elmhurst Milked Direct, LLC
Miruku
Yili Group
Hebei Chengde Lolo Co.,Ltd
Nutrinity Foundation
Good Karma Foods
Nest & Glow

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