Global Walnut Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Flavor;

Original, Chocolate, Vanilla, Unsweetened, and Others.

By Distribution Channel;

Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn103816432 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Walnut Milk Market (USD Million), 2021 - 2031

In the year 2024, the Global Walnut Milk Market was valued at USD 3,362.05 million. The size of this market is expected to increase to USD 6,013.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.7%.

The global walnut milk market has been experiencing steady growth as consumers shift towards plant-based alternatives to dairy products. Walnuts, known for their rich nutrient profile, including healthy fats, vitamins, and antioxidants, are becoming a popular base for dairy-free beverages. As concerns about lactose intolerance, vegan diets, and sustainability grow, walnut milk has emerged as a compelling option for those seeking a nutritious and environmentally friendly alternative to traditional dairy milk.

The rise in popularity of plant-based milks, such as almond and oat milk, has created a strong foundation for walnut milk to expand its market share. Walnut milk offers unique benefits, including a rich, creamy texture and a subtle, nutty flavor that appeals to consumers seeking a different taste experience. The increasing awareness of the health benefits associated with walnuts, such as improved heart health and brain function, further drives the demand for walnut milk as a functional beverage. It is also seen as a viable option for individuals following specific dietary preferences or restrictions, including lactose-free, gluten-free, and vegan diets.

As the market for walnut milk continues to develop, factors such as product innovation, branding, and distribution channels are shaping its future. Manufacturers are focusing on creating walnut milk with added nutritional benefits, such as fortified versions with calcium, vitamins, and minerals, to appeal to health-conscious consumers. Additionally, the growth of e-commerce and retail outlets has made plant-based beverages more accessible, allowing walnut milk to reach a broader audience. With increasing consumer interest in plant-based alternatives and the unique qualities of walnut milk, the market is poised for continued expansion over the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Flavor
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Walnut Milk Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Growing consumer demand for plant-based, dairy-free alternatives due to lactose intolerance and vegan diets.
        2. Increasing awareness of the health benefits of walnuts, including heart health, brain function, and antioxidant properties.
        3. Rising consumer preference for sustainable and eco-friendly products, with walnut milk offering a more environmentally friendly option compared to dairy.
      2. Restraints:
        1. High production costs of walnut milk compared to traditional dairy and other plant-based milks.
        2. Limited consumer awareness and availability in some regions, hindering market penetration.
        3. Potential supply chain challenges related to the sourcing and processing of walnuts, which can impact pricing and availability.
      3. Opportunities:
        1. Expansion of walnut milk availability in emerging markets like Asia Pacific and Latin America, driven by rising incomes and health-conscious consumers.
        2. Product innovation, such as fortified walnut milk with added vitamins and minerals, to cater to health-conscious consumers.
        3. Growth of e-commerce platforms offering walnut milk, providing greater access and convenience for consumers.
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Walnut Milk Market, By Flavor, 2021 - 2031 (USD Million)
      1. Original
      2. Chocolate
      3. Vanilla
      4. Unsweetened
      5. Others
    2. Global Walnut Milk Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Specialty Stores
      3. Convenience Stores
      4. Online
      5. Others
    3. Global Walnut Milk Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alpine Pacific Nut Co
      2. Grower Direct Nut Co. Inc.
      3. Guerra Nut Shelling Co Inc.
      4. Poindexter Nut Company
      5. Andersen Shelling Inc
      6. Webster Limited
      7. Mariani Nut Company Inc
      8. Haleakala Walnut Shelling Inc
      9. Kashmir Walnut Group
  7. Analyst Views
  8. Future Outlook of the Market