The cashew milk market is set for a rapid growth over the forecast period. In terms of revenue, the global cashew milk market accounted for USD 90.8 Million in 2019 and is expected to reach USD 135.9 Million by 2026, growing at a CAGR of 6.1%.
The cashew milk market is set for a rapid growth over the forecast period. In terms of revenue, the global cashew milk market accounted for USD 90.8 Million in 2019 and is expected to reach USD 135.9 Million by 2026, growing at a CAGR of 6.1%.
Global Cashew Milk Market: Overview
Cashew milk is made by blending cashews with water. It is a creamy lactose-free liquid which is a perfect alternative to milk. Marketers sell cashew milk with several excipients like thickening agents namely guar gum and xanthan gum, flavoring agents namely vanilla and cinnamon, and many others. Cashew milk is known as non-dairy milk as it does not comprise lactose. It is popular among people who are lactose intolerant and want LDL cholesterol-free drink. It comprises low-fat content materials when compared to other nuts. These are majorly unsaturated fats. It is very beneficial in coronary illness and stroke.
Global Cashew Milk Market: Growth Factors
Increasing awareness of people about the benefits of cashew milk such as skin health, eye health, blood sugar control, iron deficiency anemia, heart health and many more is propelling the global cashew milk market growth. Moreover, it also aids in blood clotting, increases antioxidant defenses, and has anti-cancer effects. It is easily digestible and has enormous omega 3 fatty acids, which further boosts the global cashew milk market growth.
Growing concerns over increasing animal rights and a surge in the adoption of a vegan diet are the key factors fuelling the growth of the global cashew milk market. Several companies are launching cashew milk with distinct features and quality to attract consumers like non-GMO, unsweetened, soy-free, eco-friendly, gluten-free, low calorie, dairy alternative, and many others.
The rising concern for individual well-being induced people to count on the nutritional value of the food items they consume and hence demand for cashew milk consumption has increased significantly. Vigorous campaigns launched by the companies to induce people to switch to cashew drink are also expected to boost the market growth. Cashew milk is promoted as a calcium-rich plant-based drink to increase the consumer base in the global cashew milk market.
Global Cashew Milk Market: Segmentation
The cashew milk market is divided on the basis of milk type, packaging type, distribution channel, and region. By milk type, the market is segmented into flavored and plain. The packaging type segment is further segregated into bottle, carton, and others. Based on distribution channel, the market is further split into supermarkets & hypermarkets, convenience stores, online, and others.
Global Cashew Milk Market: Regional Analysis
North America holds the largest share in the global cashew milk market owing to the huge demand and manufacturing of cashew milk in the region. Countries like Canada and the US have enormous demand for lactose-free products and hence boost the regional market. Furthermore, the changing lifestyle of people and the dwindling interest consumer in plant-based products are creating a huge demand for cashew milk in the region.
Asia Pacific is expected to grow significantly with a high CAGR during the forecast period owing to the increasing per capita and disposable income of the people in the region along with growing health consciousness among people.
Global Cashew Milk Market: Competitive Players
Some of key players in cashew milk market are So Delicious Dairy Free, Danone, Forager Project, Silk, Elmhurst Milked Direct LLC, Nutty Life, LLC, Plenish, PACIFIC FOODS OF OREGON, LLC, RITA FOOD AND DRINK CO., LTD., and Rude Health, among others.
Global Cashew Milk Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Cashew Milk Market
FIG. 6 Global Cashew Milk Market Attractiveness, By Milk Type
FIG. 7 Global Cashew Milk Market Attractiveness, By Packaging Type
FIG. 8 Global Cashew Milk Market Attractiveness, By Distribution Channel
FIG. 9 Global Cashew Milk Market Attractiveness, By Region
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Cashew Milk Market Revenue Share, by Milk Type, 2019 & 2026
FIG. 12 Global Cashew Milk Market for Flavored, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Cashew Milk Market for Plain, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Cashew Milk Market Revenue Share, by Packaging Type, 2019 & 2026
FIG. 15 Global Cashew Milk Market for Bottle, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Cashew Milk Market for Carton, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Cashew Milk Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Cashew Milk Market Revenue Share, by Distribution Channel, 2019 & 2026
FIG. 19 Global Cashew Milk Market for Supermarkets & Hypermarkets, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Cashew Milk Market for Convenience Stores, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Cashew Milk Market for Online, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Cashew Milk Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Cashew Milk Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Europe Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Asia Pacific Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 Latin America Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 The Middle-East and Africa Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
List of Tables
TABLE 1 Global Cashew Milk Market: Snapshot
TABLE 2 Drivers of the Cashew Milk Market: Impact Analysis
TABLE 3 Restraints for the Cashew Milk Market: Impact Analysis
TABLE 4 Global Cashew Milk Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Cashew Milk Market Revenue, by Milk Type, 2016 – 2026 (USD Million)
TABLE 7 North America Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026 (USD Million)
TABLE 8 North America Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026 (USD Million)
TABLE 9 Europe Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Europe Cashew Milk Market Revenue, by Milk Type, 2016 – 2026 (USD Million)
TABLE 11 Europe Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026 (USD Million)
TABLE 12 Europe Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 Asia Pacific Cashew Milk Market Revenue, by Milk Type, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026 (USD Million)
TABLE 17 Latin America Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Latin America Cashew Milk Market Revenue, by Milk Type, 2016 – 2026 (USD Million)
TABLE 19 Latin America Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026 (USD Million)
TABLE 20 Latin America Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026 (USD Million)
TABLE 21 The Middle-East and Africa Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22 The Middle-East and Africa Cashew Milk Market Revenue, by Milk Type, 2016 – 2026 (USD Million)
TABLE 23 The Middle-East and Africa Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026 (USD Million)
TABLE 24 The Middle-East and Africa Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026 (USD Million)
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