According to a new report, published by KBV research, 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 Conventional segment captured the maximum revenue in the Global Pistachio Milk Market by Source in 2023, thereby, achieving a market value of $2.1 billion by 2031. Conventional pistachio milk is typically produced at a lower cost, making it more accessible to a broader audience than organic alternatives. Retailers and consumers gravitate towards conventional products due to their competitive pricing and consistent quality.
The Plain segment is experiencing a CAGR of 10.5 % during the forecast period. Plain pistachio milk is a neutral base used in various applications, from cooking and baking to smoothies and coffee, making it a practical choice for households and food service providers. It also meets the increasing demand for clean-label products, which are thought to be healthier alternatives devoid of artificial flavors, added sugars, and preservatives.
The Supermarket & Hypermarket segment led the maximum revenue in the Global Pistachio Milk Market by Distribution Channel in 2023, thereby, achieving a market value of $1.4 billion by 2031. The supermarket and hypermarket segment dominates due to its expansive reach, offering consumers the convenience of finding various products under one roof. These large retail outlets attract a wide customer base by providing competitive pricing, frequent promotional offers, and bulk purchasing options.
The Cartons segment is growing at a CAGR of 10.6 % during the forecast period. Retailers and customers favor cartons because they are lightweight and made for convenient storage and transportation. Their extended shelf life and resealable features ensure product freshness, especially for plant-based beverages like pistachio milk.
Full Report: https://www.kbvresearch.com/pistachio-milk-market/
The North America region dominated the Global Pistachio Milk Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 10.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 11.8% during (2024 - 2031).
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)
Unique Offerings 
