Organic Hazelnut Milk Market Size (2024-2030)

Taste the Future of Goodness: Elevate Your Lifestyle with Insights from the Organic Hazelnut Milk Market!

Organic Hazelnut Milk Market is estimated to be $50.04 Million in 2023 and is estimated to reach a value of $105.21 Million by 2030, growing at a CAGR of 11.2% during the forecast period of 2024 – 2030.

Organic hazelnut milk is a plant-based milk alternative made from hazelnuts. It's known for its creamy texture and nutty flavor, and it's often used as a dairy-free substitute for cow's milk. Hazelnut milk is a significant product in the food and beverage sector, serving as a vital ingredient in making a variety of nutritious culinary creations. Infused with essential nutrients such as protein, calcium, and vitamins B6, B9, and E, this versatile ingredient not only enhances flavor but also confers numerous health benefits. Its nutrient profile contributes to a reduction in the risk of heart disease, heart attacks, elevated cholesterol levels, and cerebrovascular issues. Additionally, it helps in aiding the regulation of blood pressure, fostering overall cardiovascular health. Notably, the presence of vitamin B9 facilitates cellular production and maintenance, while also acting as a preventive measure against DNA alterations that can potentially lead to cancer. In comparison to almond milk, hazelnut milk contains twice the standard protein content, making it a superior alternative to traditional cow's milk. This characteristic makes it particularly advantageous for athletes, fitness enthusiasts, and individuals seeking enhanced protein synthesis, improved nutrient assimilation, and expedited tissue repair. Hazelnut milk's multifaceted nutritional composition not only enhances the taste of various dishes but also contributes substantially to holistic well-being, making it an ideal choice for those seeking a health-conscious dairy substitute.

Increasing consciousness regarding weight management, a heightened focus on both reducing excess weight and sustaining optimal weight levels and the critical significance of regulating blood sugar spikes, these all factors play a pivotal role in influencing the market. This has resulted in a noticeable impetus toward addressing these concerns. Furthermore, a notable shift in consumer preferences that is characterized by a distinct inclination toward selecting plant-based milk alternatives. This preference aligns with the growing trend of favoring organically cultivated products which is an additional push in propelling the growth of the Organic Hazelnut Milk Market.

Global Organic Hazelnut Milk Market Drivers:

Increasing consumers’ preferences towards veganism and plant-based product is fueling the growth of the Organic Hazelnut Milk Market.

Growth and market expansion of hazelnut milk can be attributed to the increasing global existence of the vegan demographic, coupled with a prevailing inclination toward the consumption of nourishing dietary offerings. It is estimated that the vegan population is estimated to grow in the foreseeable future and is assisted by evolving consumer predilections favoring plant-derived sustenance. The health advantages associated with hazelnut milk, encompassing heightened metabolism, reduced blood pressure, and enhanced fat metabolism, are serving as motivating factors for consumers to shift to alternative dairy options. This phenomenon is contributing to the increased adoption of hazelnut milk and propelling its market growth.

Growing environmental concerns is also contributing to the growth of the Organic Hazelnut Milk Market.

There has been a rising awareness about the impact of large-scale conventional types of agriculture on the environment which has led consumers to opt for organic products that are grown and produced using sustainable and environmentally friendly practices. Governments across the world are also promoting and incentivizing organic and sustainable agricultural practices by providing subsidies and tax exemptions which would further increase the growth of the Organic Hazelnut Milk Market.

Global Organic Hazelnut Milk Market Challenges:

There are a few constraints and obstacles that affect the Hazelnut Milk market. The high price of hazelnuts can result in hazelnut milk being a pricier choice compared to other available plant-based milk alternatives. Hazelnuts do not have a long shelf life implying that hazelnut milk might not attain the same extensive availability and be stored for long enough as other plant-based milk. Furthermore, the scarcity of hazelnuts in certain regions can pose a challenge, creating difficulties for consumers seeking access to hazelnut milk. These factors can hinder the growth of the Organic Hazelnut Milk Market.

Global Organic Hazelnut Milk Market Opportunities:

The various applicability and health benefits of hazelnut milk offer a canvas for creative product research and development. Producers have the opportunity to introduce a wide variety of flavored adaptations, fortified selections, or blending with other ingredients all aimed at satisfying a wide spectrum of consumer tastes. With the popularity of plant-based diets gaining momentum, the desire for alternate milk choices like organic hazelnut milk is poised to surge. This surge can be further propelled by making use of the influence of e-commerce platforms, which serve as expansive avenues for reaching a broader audience. Through effective marketing endeavors, educating consumers about the merits of organic hazelnut milk can increase public interest in the product. Organic Hazelnut Milk Market promises lucrative business opportunities during the forecast period.

COVID-19 Impact on Organic Hazelnut Milk Market:

The pandemic hurt the organic hazelnut milk market as it disrupted the supply chain and lockdowns and restrictions halted the production of products. The hardships endured by people across the world also dropped the demand for hazelnut milk which made manufacturers quite skeptical about investing in the market. But during the post-pandemic phase when people are getting more health conscious and opting for plant-based milk alternatives and organic products, this had manufacturers invest more capital in the product which is projected to propel the growth of the market.

Global Organic Hazelnut Milk Market Recent Developments:

• In July 2022, PureHarvest released four new plant-based milk namely, Australian Macadamia Milk, Creamy Oat Milk, Organic Hazelnut Milk, and Organic Cashew Milk.
• In February 2021, Better Than Milk made a national debut in “Better for your body and Better for the Environment”.  Better Than Milk presents a delightful and velvety-smooth organic milk substitute, entirely free from dairy. The lineup encompasses five enticing flavors: Unsweetened Almond Drink, Almond Drink, Unsweetened Oat Drink, Unsweetened Rice + Calcium Drink, and Rice Hazelnut Drink. Each variant holds certifications of USDA Organic, Non-GMO Project Verification, Vegan, Plant-based, and Kosher Parve, affirming their quality and adherence to these standards.
• In December 2020, JOI introduced the initial coffee creamer foundation: the Cashew Hazelnut Oat Creamer Concentrate. This product boasts a shelf life of up to nine months, remaining stable at room temperature. Meticulously crafted to cater to coffee applications and rigorously evaluated by professional baristas, this creamer concentrate stands as the newest augmentation within JOI's collection of plant-based milk alternative concentrates.

ORGANIC HAZELNUT MILK MARKET REPORT COVERAGE:

Global Organic Hazelnut Milk Market Segmentation:

Global Organic Hazelnut Milk Market Segmentation: By Form

• Liquid
• Powder

The powder form has dominated the segment and held the largest market share during 2022. This is because producing the end products and extracts from almond grains is most conveniently achieved in powder form. Numerous research studies have shown that Organic Hazelnut Milk powders offer benefits like gluten-free and non-GMO dietary options. Furthermore, the Organic Hazelnut Milk powder, enriched with vitamin E, serves as an additional source of fat-soluble antioxidants, making it advantageous for individuals following vegan dietary lifestyles. The liquid form has also been gaining considerable traction in the past few years and it is estimated to hold a significant share of the market along with the powder form in coming years.

Global Organic Hazelnut Milk Market Segmentation: By End–Use Industry

• Nutraceuticals & Baby Food
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Others

Food & Beverages sector held the largest market share and dominated the segment. Within this sector, sweetened dairy alternatives designed for beverages are poised to occupy a significant market share. The rising desire for augmented sweetness, flavor diversification, and taste enrichment from infants and young consumers will create openings for product introduction. Dairy substitutes will witness heightened demand owing to their versatile applications during the forecast period. Nutraceuticals & Baby foods are the fastest growing segment and are estimated to hold a considerable market revenue in the coming years.

Global Organic Hazelnut Milk Market Segmentation: By Sales Channel

• Online
• Offline

The online sector was the most dominant in this segment and held the largest market share in 2022. This growth can be attributed to the presence of a various range of dairy alternative items offered at lower costs compared to conventional retail rates, a strategy aimed at enticing a larger customer base. The surge in the utilization of e-commerce services in both developed and developing countries is primarily driven by advantages such as cost efficiency and swift availability.

Global Organic Hazelnut Milk Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The Organic Hazelnut Milk Market's most significant share was attributed to the North American region. This can be attributed to the expanding customer base and the upward trajectory of the vegan community, both of which are fueling the increasing demand for hazelnut milk. The prevalence of lactose intolerance is also prompting a transition towards plant-based milk alternatives. Notably, the nutritional advantages of hazelnut milk, particularly in catering to diabetic patients, are contributing to its progressively growing popularity and contributing to the growth of the market.

Global Organic Hazelnut Milk Market Key Players:

1. Plenish
2. PureHarvest
3. Mondelez International Inc.
4. PlantBaby
5. Califia Farms
6. Camino
7. JOI
8. MALK organics
9. Pacific Foods
10. WhiteWave Foods