Major market players of Macadamia Milk Market elaborated in the report include Marquis Macadamias, Golden Macadamias, Mauna Loa Macadamia Nut Corp, Buderim Group, Kenya Nut Company, Nambucca Macnuts, Ivory Macadamias, Eastern Produce, Hamakua Macadamia Nut Company
NEWARK, Del, May 30, 2022 /PRNewswire/ — According to a recent report from Future Market Insights, a market research and competitive intelligence provider, macadamia milk sales are estimated to reach a value of $51.3 million by 2032leaping to 5.4% CAGR through the decade.
Growing public awareness about the health benefits of nuts and dried fruits has been a driving factor in the growth of the market. The global demand for healthy and nutritious snacks has increased significantly in recent years, especially among the younger generation and the working population.
People are also switching from animal-based protein sources to plant-based protein sources.
Macadamia nuts are the fruit of the macadamia tree, which belongs to the macadamia genus of the Proteaceae family. Only three species are commercially important, Macadamia ternifolia, Macadamia integrifolia and Macadamia tetraphylla. Although macadamia nuts are australia indigenous nuts, they are now grown all over the world.
Fresh macadamia kernels can be eaten, prepared with, or made into a wide range of products. Salty, Roasted, Honey Roasted, Chocolate Covered, and Wasabi Flavored are all popular flavors.
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They are also ground into a paste to make macadamia milk and cold pressed to produce an oil used in baked goods, pastries and ice cream.
Key insights from market research
- Australia is the largest producer of macadamia nuts in the world. The macadamia milk market in Australia is expected to grow at a CAGR of 7.9% for the forecast period.
- The macadamia milk market in Germany is expected to grow at a CAGR of 4% for the forecast period.
- The global macadamia milk market can be categorized into four distribution channels, supermarkets, online stores, convenience stores, and others.
- The processed segment is expected to account for more than 36% of the total global macadamia milk market by value.
- The macadamia milk market also suffered some setbacks as all shops, stalls and restaurants were forced to close due to Covid-19 restrictions, where foods made from macadamia milk or other non-dairy products were available for consumption.
“Global consumption of macadamia milk has increased over the past decade, mainly due to an increase in the consumption of milk extracted from nuts and dried fruits”, says a senior analyst at Future Market Insights.
Leading companies profiled in Macadamia Milk market are
- Marquis Macadamias
- golden macadamia
- Mauna Loa Macadamia Nut Corp
- Buderim Group
- Kenya Nut Company
- Nambucca nuts
- ivory macadamia
- Eastern products
- Hamakua Macadamia Nut Company
Companies have gained a competitive advantage through numerous growth strategies, including capacity expansions, mergers and acquisitions, strengthening Internet presence and launching new products.
- Health and Plant Protein Group Limited has announced its intention to enter the rapidly growing market for plant-based food alternatives.
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Some of the major players in macadamia milk market include Marquis Macadamias, Golden Macadamias, Mauna Loa Macadamia Nut Corp, Buderim Group, Kenya Nut Company, Nambucca Macnuts, Ivory Macadamias, Eastern Produce, Hamakua Macadamia Nut Company.
Macadamia Milk Market by Category
By nature, the macadamia milk market is segmented as follows:
By Form, Macadamia Milk Market is segmented into:
By End Use, the Macadamia Milk Market is segmented as follows:
- Food industry
- Pastry shop
By distribution channel, the macadamia milk market is segmented as follows:
By Region, Macadamia Milk Market is segmented into:
- North America
- Latin America
- Middle East and Africa
- East Asia
- South Asia
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Get more valuable insights
Future Market Insights, in its new offering, provides an unbiased Macadamia Milk Analysis showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032.
The study discloses compelling information about macadamia milk based on nature (organic, conventional), by form (raw, processed, oil), by end use (residential, commercial, industrial, food industry, cosmetic and personal care) , by Channel distribution (Direct, Indirect) and across seven major regions of the world (North America, Latin America, Europe, East Asia, South AsiaOceania and MEA).
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides detailed insights into the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.
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