Peanut Milk Market to Reach $664.2 Million by 2030, Reveals Allied Market Research

According to a new report published by Allied Market Research, titled, “Peanut Milk Market by Nature, Packaging Type, Application and Sales Channel: 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.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/A13627

The plant-based beverages are plant-based natural and chemical free milk products derived through grains, seeds, or nuts. Plant-based beverages act as a substitute for consumers who are allergic to dairy products or people who are on a vegan diet. Some of the major alternatives to dairy are non-dairy milk such as peanut milk, almond milk, among others , ice cream, cheese, yogurts, juice, energy drinks, and soft drinks.

Peanut milk is a plant-based milk alternative made from peanuts, gaining popularity as a nutritious and sustainable option for those seeking non-dairy beverages. Rich in flavor and creamy in texture, peanut milk offers a unique taste profile that sets it apart from other plant-based milks like almond, soy, and oat. It is particularly appealing to consumers looking for a protein-packed, lactose-free alternative that can be used in a variety of culinary applications.

📍𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬

Peanut milk is highly nutritious, offering a good source of protein, healthy fats, and essential vitamins and minerals. It is particularly rich in vitamin E, magnesium, and potassium, which contribute to overall health and well-being. The protein content in peanut milk is higher than many other plant-based milks, making it an excellent option for those looking to increase their protein intake, especially in vegetarian and vegan diets. Additionally, it is often fortified with calcium and vitamin D to match the nutritional benefits of cow’s milk.

📍𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐜𝐞𝐬𝐬

The production of peanut milk involves soaking raw peanuts, blending them with water, and then straining the mixture to remove solids, resulting in a smooth, creamy liquid. This process can be enhanced with added flavors or sweeteners, such as vanilla or honey, to suit different taste preferences. Commercially available peanut milk may also undergo pasteurization to extend its shelf life and ensure safety. This simple yet effective production method makes peanut milk an accessible option for both home preparation and commercial manufacturing.

📍𝐂𝐮𝐥𝐢𝐧𝐚𝐫𝐲 𝐔𝐬𝐞𝐬

Peanut milk is versatile and can be used in a variety of ways in the kitchen. It can be consumed on its own as a refreshing beverage or used as a substitute for dairy milk in recipes. Its rich, nutty flavor complements smoothies, coffee, and tea, adding a unique twist to traditional drinks. Peanut milk is also a great addition to baked goods, cereals, and savory dishes, where it can enhance the flavor profile and provide a creamy texture. Its ability to froth well makes it a popular choice for baristas looking to create plant-based lattes and cappuccinos.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

The growing demand for plant-based milk alternatives has spurred the popularity of peanut milk. As consumers become more health-conscious and environmentally aware, the market for non-dairy beverages continues to expand. Peanut milk stands out due to its high nutritional value and sustainable production process, appealing to those seeking both health benefits and eco-friendly options. Innovations in flavor and formulation are driving further interest, with manufacturers exploring various product variations to cater to diverse consumer preferences. The increasing availability of peanut milk in supermarkets and specialty stores is a testament to its rising popularity and potential for growth in the plant-based milk market.

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.

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.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐞𝐫 𝐜𝐚𝐩𝐢𝐭𝐚 𝐢𝐧𝐜𝐨𝐦𝐞 𝐡𝐚𝐬 𝐰𝐢𝐭𝐧𝐞𝐬𝐬𝐞𝐝 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝐟𝐞𝐰 𝐲𝐞𝐚𝐫𝐬, 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫𝐥𝐲 𝐢𝐧 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬.

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).

▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.alliedmarketresearch.com/request-for-customization/A13627

On the basis of nature, the conventional segment was the highest contributor to the market, with $161.4 million in 2020, and is expected to sustain its dominance during the forecast period. Consumers in the developing economies are conscious about the price they pay while making purchase decisions, and hence, rise in awareness about the health benefits of peanut milk leads to rise in consumption of conventional proteins in the developing regions.

According to the peanut milk market trends, depending on distribution channel, the supermarket/hypermarket segment is a popular medium for customers to buy peanut milk and products. Easy availability of desired brands, designs, and colors of sunglasses drives the growth of the convenience stores segment.

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 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.

» 𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

💡By form, the capsule & tablets segment held the highest share, accounting for 56.1% of the global Peanut Milk market share.

💡Based on nature, the organic segment witnessed a major growth rate of 12.8%.

💡Based on end use industry, food & beverage segment held the major share of 48.2% of the Peanut Milk market.

💡Based on distribution channel, business to business segment witnessed a major annual growth rate of 12.9%.

▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A13627

📝𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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