As per this study the Global Tigernut Milk Market was valued USD 648.96 MN (by revenue) in 2023 and is anticipated to reach USD 1434.1 MN by 2032 with a CAGR of 9.21%.
Tigernut milk is sweet, creamy and white colored non-diary plant based milk produced from tigernut and water. It contains natural sugar and is rich in oleic acid, vitamin E, fibers, phosphorous, calcium, iron and other essential minerals. Owing to abundant nutrient content, it is considered as alternative to cow milk.
Market Dynamics
The rising demand for nutrient rich functional beverages and energy drinks is driving the demand for tigernut milk. The shifting preference towards non-alcoholic, non-carbonated drinks owing to rise in health conscious population is further contributing the market growth. Rising occurrence of heart diseases, arteriosclerosis, and digestion disorders among the population is boosting the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of tigernut milk.
Market Segmentation
The broad tigernut milk market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Nature
By End Use
- Food Industry
- Foodservice Industry
- Retail/Household
By Distribution Channel
- Business-to-Business
- Business-to-Consumer (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retail)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for tigernut milk in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Tigernut Milk Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the tigernut milk market include Tiger Nuts LISA, Levantex, The Tiger Nuts Company to, TIGERNUTS TRADERS SL, Organic Gemini, Ludlow Nut Company Ltd., KCE International, Good Soul Company, ACH Food Companies Inc., Jose Marie Bou S., The Onginal Chuta Company, Foritaine De Vie, Ecaideas, Tracin Organic Agriculture B.V., XUFFX. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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