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Hazelnut Milk Market Share

Report ID: GMI10312
Published Date: Jul 2024
Report Format: PDF

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Hazelnut Milk Market Share

Hazelnut Milk Market Company Share, (2023)

Companies, including Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., are increasing their market foothold by investing heavily in R&D. Hazelnut milk industry players adopt strategies such as product diversification, focusing on flavored varieties and organic options to cater to diverse consumer preferences and health trends. They emphasize brand visibility through robust marketing campaigns, leveraging social media, and partnerships with cafes and health food stores.

Enhancing distribution networks is key, expanding presence in supermarkets, specialty retailers, and online platforms to maximize accessibility. Quality assurance and sustainability initiatives, including sourcing from certified suppliers and eco-friendly packaging, enhance consumer trust. Furthermore, strategic collaborations with food service providers and continual innovation in formulations ensure competitiveness and sustained growth in the market.

Hazelnut Milk Market Companies

Top companies operating in the hazelnut milk industry include:

Whitewave Foods
Blue Diamond Growers
Daiya Foods Inc.
Tofutti Brands Inc.
SunOpta Inc.
Fine Japan Co. Ltd.
Hain Celestial Group
Galaxy Nutritional Foods, Inc.
Nature’s Choice B.V.
VitaHazelnut Australia Products Pty. Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of hazelnut milk reached USD 81.2 million in 2023 and will record 9.3% CAGR from 2024 to 2032, attributed to the expanding application scope of product in food & beverages, nutraceuticals, pharmaceuticals, personal care, and others.

The sweetened segment will expand at a y-o-y rate of 9.1% from 2024 to 2032, driven by consumer preferences for indulgent and flavorful beverages, along with the demand for a more palatable alternative to traditional dairy milk.

North America market will grow at 9.6% CAGR during 2024 and 2032. The regional consumers are increasingly health-conscious, seeking products that are nutritious and environmentally friendly, making hazelnut milk an attractive option due to its rich flavor, health benefits, and sustainability.

Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy Nutritional Foods, Inc., Nature’s Choice B.V., and VitaHazelnut Australia Products Pty. Ltd. among others.