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Hazelnut Milk Market Trends

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

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Hazelnut Milk Market Trends

The hazelnut milk industry is witnessing several key trends that are shaping its growth trajectory. There is a notable shift towards plant-based diets and veganism, driven by increasing health awareness and ethical considerations, which is expanding the consumer base for hazelnut milk. Product innovation is another significant trend, with manufacturers introducing flavored varieties, organic options, and fortified versions to cater to diverse consumer preferences and nutritional demands. Additionally, the rising popularity of dairy alternatives due to lactose intolerance and dairy allergies further fuels market growth.

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.