Nut milk market development trends in the future

Nut milk is a very fast-growing product group in the world market. According to a recent survey conducted by Innova Market Insights, the global market for plant-based beverages increased to US $ 16.3 billion in 2018, doubling the number of US $ 7.4 billion in 2010. According to Nielsen, it is estimated that the global plant-based milk market will reach US $ 11.9 billion in 2017 and will grow to US $ 34 billion by 2024.

In Vietnam, the intent of consuming nut milk is also increasing sharply. On the report of a survey in 2019, up to 66% of Vietnamese consumers want more products made entirely from natural materials. Alternatives to cow’s milk such as soy milk, almond milk, rice milk, oat milk, coconut milk, cashew milk, etc. will become progressively attractive to consumers, with different needs depending on the region.

Link: https://viracresearch.com/nut-milk-market-development-trends-in-the-future/