Nut-Based Milk Market By Product Type (Almond Milk, Cashew Milk, Hazelnut Milk, Macadamia Milk), By Distribution Channel (Online Sales, Offline Sales - Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores), By Packaging Type (Cartons, Bottles, Cans, Pouches), By End-User (Residential, Commercial - Restaurants, Cafes, Institutions), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa); Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Nut Based Milk Market was valued at USD 12.9 billion in 2024-e and will surpass USD 26.2 billion by 2030; growing at a CAGR of 12.5% during 2025 - 2030.

The nut-based milk market has experienced significant growth in recent years, driven by increasing health-consciousness among consumers, the rise of plant-based diets, and a growing awareness of lactose intolerance and veganism. Nut-based milks, such as almond, cashew, and hazelnut milks, are gaining popularity as healthier, lactose-free alternatives to traditional dairy. These products are rich in nutrients, including vitamins, minerals, and antioxidants, making them a popular choice for individuals seeking plant-based, dairy-free options. The market is expected to continue its upward trajectory as consumers increasingly opt for non-dairy beverages for their nutritional benefits and environmental impact.

Almond Milk Segment Is Largest Owing To Its Popularity and Versatility

Among the various product types in the nut-based milk market, almond milk is the largest segment, dominating global sales. Almond milk is known for its mild flavor, light texture, and versatility in cooking and beverage preparation, making it a preferred choice for consumers. Its popularity is further driven by its availability in various flavors and formulations, such as unsweetened, sweetened, vanilla, and chocolate almond milk. Additionally, almond milk is a rich source of vitamins and minerals like vitamin E, calcium, and magnesium, which further boosts its appeal to health-conscious consumers. As the largest segment, almond milk accounts for a significant share of the global market, with widespread distribution across supermarkets, hypermarkets, and online platforms.

The continued demand for almond milk is also supported by its growing use in coffee shops, cafes, and other food service establishments, where it serves as a popular dairy alternative in lattes, smoothies, and baked goods. As more consumers embrace plant-based diets and dairy-free lifestyles, almond milk remains at the forefront of the nut-based milk segment, with no signs of slowing down in the coming years.

Online Sales Segment Is Fastest Growing Owing To E-Commerce Expansion

The online sales distribution channel is the fastest-growing segment in the nut-based milk market. The increasing adoption of e-commerce platforms and consumer preference for the convenience of home delivery are major drivers of this growth. Online sales offer a wide range of nut-based milk products, allowing consumers to compare different brands, flavors, and packaging options easily. Additionally, the availability of subscription-based services and discounts on bulk orders further enhances the appeal of purchasing nut-based milk online.

As consumers continue to prioritize convenience, online sales are set to become an even more dominant force in the market. E-commerce giants and specialized online retailers are investing in better logistics and product availability to meet the growing demand for plant-based beverages, providing consumers with easy access to a variety of nut-based milk options. The rise of online sales is expected to continue driving the market’s growth, especially in regions with high internet penetration and a preference for convenient shopping experiences.

Cartons Packaging Type Is Largest Owing To Its Practicality and Sustainability

The cartons packaging segment holds the largest share in the nut-based milk market. Cartons are widely preferred due to their practical benefits, including ease of storage, portability, and cost-effectiveness. Carton packaging is especially popular in the distribution of almond and other nut-based milks, as it helps maintain the product's freshness and shelf life. Furthermore, cartons are often made from recyclable and biodegradable materials, making them an attractive option for environmentally-conscious consumers.

This preference for carton packaging is also attributed to its widespread use in the retail sector, where nut-based milk is commonly sold in cartons ranging from small single-serving sizes to larger family-sized containers. The sustainability factor is a key driver, as consumers continue to seek eco-friendly alternatives to plastic packaging. With increasing emphasis on reducing environmental footprints, carton packaging is expected to remain the most dominant packaging type in the nut-based milk market.

Residential End-User Segment Is Largest Owing To Widespread Consumer Adoption

The residential end-user segment is the largest in the nut-based milk market. As consumers become more aware of the health benefits of plant-based beverages, many are incorporating nut-based milks into their daily diets for breakfast cereals, smoothies, and coffee. This segment benefits from the increasing number of households adopting plant-based diets, particularly in regions where dairy alternatives are becoming mainstream. The growing availability of nut-based milk in grocery stores, supermarkets, and online platforms further supports the residential segment's dominance.

Consumers are increasingly seeking healthier, dairy-free options for their families, with nut-based milks offering a rich source of nutrients without the drawbacks of lactose. Additionally, the rise in veganism and the growing number of individuals with lactose intolerance contribute to the sustained growth of the residential end-user segment in the nut-based milk market. As awareness around plant-based nutrition continues to rise, the residential segment is expected to remain at the forefront of market growth.

North America Region Is Largest Owing To High Demand for Plant-Based Products

North America is the largest region in the global nut-based milk market, driven by strong demand for plant-based and dairy-free beverages. The United States, in particular, has seen a surge in the popularity of almond milk, cashew milk, and other nut-based alternatives, as consumers increasingly seek healthier options due to concerns about lactose intolerance, dairy allergies, and the environmental impact of animal-based dairy production. The presence of major nut-based milk brands, including Silk, Califia Farms, and Blue Diamond Growers, has further fueled market growth in this region.

The rise in veganism, coupled with the increasing number of consumers looking for sustainable food options, has made North America a key market for nut-based milks. Additionally, retail chains and e-commerce platforms in the region offer extensive distribution channels that make nut-based milks easily accessible to consumers. The high per capita consumption of plant-based beverages in the U.S. and Canada ensures that North America remains the dominant region in the global nut-based milk market.

Competitive Landscape and Leading Companies

The nut-based milk market is highly competitive, with several global and regional players striving to capture market share through innovative products, strategic partnerships, and strong distribution networks. Key companies such as Danone (Alpro), Blue Diamond Growers, Califia Farms, and Silk (WhiteWave Foods) are at the forefront, offering a wide range of nut-based milk products across various flavors and packaging options. These companies continuously innovate to meet consumer demand for better taste, nutritional value, and sustainability.

To strengthen their market position, companies are focusing on expanding their product portfolios, enhancing brand recognition, and investing in sustainable practices. The competitive landscape is characterized by frequent product launches, acquisitions, and partnerships aimed at tapping into the growing demand for plant-based beverages. As the market continues to expand, leading companies are also exploring new distribution channels, including online platforms, to cater to the increasing preference for convenience among consumers.

Recent Developments:

• Alpro (Danone) launched a new range of plant-based beverages, including almond and hazelnut milks, to expand its product line and target the growing demand for dairy alternatives.
• Califia Farms secured a significant investment to expand its production capacity and strengthen its presence in the plant-based milk sector, focusing on the growing demand for almond milk.
• Blue Diamond Growers entered a strategic partnership with a major grocery chain to distribute its almond milk more widely across North America, improving its market penetration.
• Silk (WhiteWave Foods) recently announced a new line of nut-based milk alternatives, including macadamia and cashew milks, aiming to diversify their offerings and appeal to a broader customer base.
• Earth's Own Food Company received certification for its organic nut-based beverages and plans to expand its distribution to international markets, capitalizing on the demand for organic dairy-free options.

List of Leading Companies:

• Alpro (Danone)
• Blue Diamond Growers
• Silk (WhiteWave Foods)
• Earth's Own Food Company
• Reed's Inc.
• Califia Farms
• So Delicious Dairy Free (Danone)
• Vitasoy International Holdings Ltd.
• Oatly Group
• NutraMilk
• Malk Organics
• The Hershey Company (Hershey's Plant-Based Milk)
• Lunsford's Nut Company
• Minor Figures
• Good Karma Foods

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