Peanut Milk Market by Nature (Organic, and Conventional), Packaging Type (Bottles, and Aseptic cartoon), Application (Food Processing Industry, Bakery & Confectionary, Beverages, Protein Bars & Supplements and Others) and Sales Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Online Stores & Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. The global peanut milk market size was valued at $268.6 million in 2020, and is expected to garner $664.2 million by 2030, registering a CAGR of 9.5% from 2021 to 2030.
The factors that drive the peanut milk market growth include health benefits associated with consuming plant-based milk as they are high in micro and macronutrient content as well as low in fat and cholesterol content. Moreover, rise in fitness concerns among people in different regions also boost the market growth. In addition, increase in the number of lactose intolerant population, growth in trend of veganism, and rise in disposable income drive the market growth. However, increase in cost of raw materials due to unpredictable weather and high cost of production are expected to hamper the growth of the market during the forecast period. Moreover, rise in demand for alternatives to dairy by health-conscious consumers and frequent introduction of new flavors & variety are expected to provide numerous opportunities for the expansion of the peanut milk market.
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Region-wise, North America dominated the peanut milk market in 2020, and is expected to sustain its dominance during the forecast period. The key factors driving the growth of the peanut milk market in the region are high purchasing capacity of majority of the population and consumer awareness regarding health benefits. Asia-Pacific is expected to grow with the highest CAGR throughout the forecast period, owing to rise in adoption of veganism among consumers.
The internet, the on-going trend of digitization, and social media platforms are a few factors expected to play significant role in the growth of the global peanut milk market in the future. The outbreak of COVID-19 pandemic has indicated the importance and need for digitization for the market players to survive in the market.
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According to the peanut milk market analysis, the market is segmented into nature, packaging type, application, distribution channel, and region. On the basis of nature, the market is categorized into organic and conventional. On the basis of packaging type, it is segmented into bottles and aseptic cartons. Based on application, it is segregated into food processing industry, bakery & confectionery, Beverages, proteins and supplements, and others Based on distribution channel, it is classified into supermarkets/hypermarkets, convenience stores, specialty stores, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, Germany, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, the UAE, Nigeria, Turkey, South Africa, and the rest of LAMEA).
The players operating in the global peanut milk market have adopted various developed strategies to expand their market share and increase profitability in the market. The key players profiled in this report include Elmhurst Milked Direct, LLC, Good Karma Foods, Inc., Miruku, Nest & Glow, Nest & Glow, and Yinlu foods Group.
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Table Of Content:
CHAPTER 1:INTRODUCTION
1.1.Key benefits for stakeholders
1.2.Key market segment
1.3.Research methodology
1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.2.2.Top impacting factors
3.3.Top players positioning
3.4.Parent market analysis
3.5.Premium insights/ 4Ps of the market
3.6.Consumer analysis
3.7.Top exporting countries of peanut kernel
3.8.Top importing countries of peanut kernel
3.9.Top 10 producing countries of peanut kernel
3.10.Value chain analysis
3.11.Porter’s five forces analysis
3.12.Market dynamics
3.12.1.Drivers
3.12.1.1.Rise in demand for plant-based milk
3.12.1.2.Growth in vegan population
3.12.2.Restraints
3.12.2.1.High price of plant-based products
3.12.2.2.Prominence of low-cholesterol and low-fat conventional milk
3.12.3.Opportunities
3.12.3.1.Increase in number of consumers allergic to dairy products…..continue
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