“Global Pistachio Milk Market to reach a market value of USD 3 Billion by 2031 growing at a CAGR of 10.9%”
The Global Pistachio Milk Market size is expected to reach $3 billion by 2031, rising at a market growth of 10.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 143,603.3 Tonnes experiencing a growth of 11.7% (2020-2023).
The North America segment recorded 42% revenue share in this market in 2023. The region's health-conscious population actively seeks nutritious, lactose-free, and environmentally friendly products, making this milk a natural fit. Additionally, the presence of well-established retail chains, coupled with the growth of online grocery platforms, ensures the widespread availability of this milk. Thus, the region consumed a volume of 57,349.6 Tonnes in 2023.
With a heightened awareness of health benefits, environmental sustainability, and ethical considerations, many people are reevaluating their dietary choices. Health-conscious consumers are drawn to plant-based options because of their lower calorie content, absence of cholesterol, and rich nutrient profile. This milk, in particular, is seen as a wholesome choice, offering a combination of essential vitamins, antioxidants, and healthy fats. Hence, this convergence of health, sustainability, and ethics continues to elevate the popularity of plant-based milk, with this milk emerging as a premium and sought-after choice in this expanding market.
Additionally, Recognizing modern consumers' diverse tastes and nutritional preferences, manufacturers are continually experimenting with new formulations and product offerings to enhance the appeal of this milk. One notable area of innovation is the introduction of flavored pistachio milk variants, such as vanilla, chocolate, or even exotic flavors like cardamom or rose. These options cater to consumers looking for more exciting and indulgent alternatives to plain plant-based milk, making this milk a nutritious choice and a delightful treat. Thus, by continuously adapting to market trends and consumer demands, manufacturers ensure that this milk remains a versatile and appealing option, driving the market's sustained growth.
However, This milk is a relatively new player in the rapidly growing plant-based dairy alternative industry. Unlike established options such as almond, soy, or oat, this milk lacks widespread recognition and familiarity among consumers. This limited awareness stems from the product's novelty and the lack of extensive marketing campaigns to introduce it to the mainstream audience. Many people seeking dairy-free options are accustomed to choosing alternatives they already know and trust, making it difficult for this milk to gain a foothold in their purchasing decisions. Hence, this milk may struggle to capture significant market share without targeted efforts to educate consumers about its unique taste, nutritional benefits, and potential sustainability advantages.
Based on source, the pistachio milk market is bifurcated into conventional and organic. The organic segment procured 29% revenue share in this market in 2023. Organic pistachio milk has gained traction among health-conscious and eco-friendly consumers as more people prioritize clean labels, chemical-free farming practices, and sustainable sourcing. The organic market is also supported by the expanding premiumization trend in the plant-based milk industry, as customers are prepared to pay more for goods that are healthier and more ecologically friendly. In terms of volume, the segment would register 143,603.3 Tonnes in 2023.
On the basis of product, the pistachio milk market is classified into plain and flavored. The flavored segment recorded 41% revenue share in this market in 2023. Flavored pistachio milk, available in options like vanilla, chocolate, and cardamom, appeals to individuals seeking indulgent yet healthy alternatives to traditional dairy beverages. This segment also benefits from its ability to cater to younger demographics and those looking for convenient, ready-to-drink options with an enjoyable taste.
By distribution channel, the pistachio milk market is divided into supermarket & hypermarket, convenience stores, online retail, and others. The convenience stores segment garnered 15% revenue share in this market in 2023. Convenience stores play a critical role in driving this milk sales by catering to the fast-paced lifestyles of urban consumers. Their strategic locations in neighborhoods, near transit hubs, and extended operating hours make them ideal for quick and immediate purchases. This milk's inclusion as a healthy, ready-to-drink option aligns perfectly with the needs of on-the-go consumers. In terms of volume, the segment would register 143,603.3 Tonnes in 2023.
Based on packaging, the pistachio milk market is segmented into cartons, bottles, and others. The bottle segment acquired 29% revenue share in this market in 2023. Bottles made of glass or high-quality plastic are perceived as high-end packaging options that enhance the overall consumer experience. Their resealable nature makes them ideal for on-the-go consumption, catering to busy lifestyles.
Free Valuable Insights: Global Pistachio Milk Market size to reach USD 3 Billion by 2031
Region-wise, the pistachio milk market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment witnessed 33% revenue share in this market in 2023. The region's strong inclination toward organic and natural foods aligns with this milk's positioning as a nutritious and eco-friendly option. Additionally, Europe has a well-developed distribution network, including supermarkets, specialty health stores, and e-commerce platforms, which enhances accessibility.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.4 Billion |
| Market size forecast in 2031 | USD 3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 10.9% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 344 |
| Number of Tables | 848 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Source, Product, Distribution Channel, Packaging, Region |
| Country scope |
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| Companies Included | Califia Farms LLC, Danone S.A., Plenish Cleanse Ltd. (Britvic PLC), Blue Diamond Growers, Inc., Tache Pistachio Milk, Three Trees Organics, Elmhurst 1925, and Hive Brands Holdings, Inc. |
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
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