Hazelnut Milk Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Hazelnut Milk Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

The hazelnut milk market is anticipated to record a 9.3% CAGR during 2024-2032, due to the consumer preference for plant-based alternatives. There is a wider awareness of the environmental and health benefits of plant-based diets. Hazelnut milk, known for its rich flavor and nutritional benefits, appeals to health-conscious individuals seeking low-calorie, dairy-free choices. The rise in veganism and lactose intolerance also drives this trend, with hazelnut milk being a suitable substitute for traditional dairy products. According to NIDDK report, experts estimate that roughly 68% of the global population experiences lactose malabsorption.

Innovations in food technology and wider product availability further boost the hazelnut milk market. Improved processing techniques have enhanced the flavor and texture of the product, attracting a wider audience. The presence of hazelnut milk in mainstream retail outlets and cafes, supported by effective marketing strategies, has increased its adoption. According to a 2023 report by the Plant Based Foods Association, plant-based milk sales grew by 20% over the past year, highlighting the shift towards sustainable and health-focused options.

The overall hazelnut milk industry is classified based on form, sugar content, end-user, distribution channel, and region.

The liquid form segment is witnessing robust expansion, due to its versatility and ease of use in various culinary applications. Liquid hazelnut milk is favored for its convenience, as it can be seamlessly incorporated into coffee, smoothies, baking, and cooking, appealing to both consumers and foodservice establishments. Its liquid state also ensures immediate consumption and better shelf stability. The demand for ready-to-drink plant-based beverages will further add to the product's popularity.

The personal care segment will hold a notable market share by 2032, driven by the increasing incorporation of natural ingredients in skincare and beauty products. Hazelnut milk is valued or its nourishing properties, including vitamins and antioxidants that benefit the skin. Its hydrating and soothing effects make it a desirable ingredient in lotions, creams, and facial masks. As consumers prefer products with natural and eco-friendly components, the demand for hazelnut milk in personal care formulations is expected to rise in the future.

Asia Pacific hazelnut milk market size is poised to experience notable growth through 2032, driven by a surge in health-conscious consumers and increasing adoption of plant-based diets across the region. Rapid urbanization and rising disposable incomes are contributing to a greater demand for diverse and premium dairy alternatives. Additionally, heightened awareness of lactose intolerance and a preference for sustainable living are bolstering the demand for non-dairy options. The growing availability of hazelnut milk in retail outlets and cafes, along with localized product innovations that cater to regional taste preferences will help the regional market evolve in the coming years.