Cashew Milk Market - Global Industry Analysis

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

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.2.Report Scope
• Chapter 2.Research Methodology
  • 2.1.Research Methodology
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modeling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global Cashew Milk Market, 2016 – 2026 (USD Million)
  • 3.2.Global Cashew Milk Market: Snapshot
• Chapter 4.Cashew Milk Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
  • 4.3.Market Restraints
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity Analysis
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
• Chapter 5.Investment Proposition Analysis
  • 5.1.Global Cashew Milk Market Attractiveness, By Milk Type
  • 5.2.Global Cashew Milk Market Attractiveness, By Packaging Type
  • 5.3.Global Cashew Milk Market Attractiveness, By Distribution Channel
  • 5.4.Global Cashew Milk Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global Cashew Milk Market: Company Market Share, 2019
  • 6.2.Strategic Developments
• Chapter 7.Cashew Milk Market – Milk Type Segment Analysis
  • 7.1.Global Cashew Milk Market Overview: by Milk Type
    • 7.1.1.Global Cashew Milk Market Revenue Share, by Milk Type, 2019 & 2026
  • 7.2.Global Cashew Milk Market Analysis/Overview – By Milk Type
    • 7.2.1.Flavored – Overview/Analysis
    • 7.2.2.Plain – Overview/Analysis
  • 7.3.Flavored
    • 7.3.1.Global Cashew Milk Market for Flavored, Revenue (USD Million) 2016 - 2026
  • 7.4.Plain
    • 7.4.1.Global Cashew Milk Market for Plain, Revenue (USD Million) 2016 - 2026
• Chapter 8.Cashew Milk Market – Packaging Type Segment Analysis
  • 8.1.Global Cashew Milk Market Overview: by Packaging Type
    • 8.1.1.Global Cashew Milk Market Revenue Share, by Packaging Type, 2019 & 2026
  • 8.2.Global Cashew Milk Market Analysis/Overview – By Packaging Type
    • 8.2.1.Bottle – Overview/Analysis
    • 8.2.2.Carton – Overview/Analysis
    • 8.2.3.Others – Overview/Analysis
  • 8.3.Bottle
    • 8.3.1.Global Cashew Milk Market for Bottle, Revenue (USD Million) 2016 - 2026
  • 8.4.Carton
    • 8.4.1.Global Cashew Milk Market for Carton, Revenue (USD Million) 2016 - 2026
  • 8.5.Others
    • 8.5.1.Global Cashew Milk Market for Others, Revenue (USD Million) 2016 - 2026
• Chapter 9.Cashew Milk Market – Distribution Channel Segment Analysis
  • 9.1.Global Cashew Milk Market Overview: by Distribution Channel
    • 9.1.1.Global Cashew Milk Market Revenue Share, by Distribution Channel, 2019 & 2026
  • 9.2.Global Cashew Milk Market Analysis/Overview – By Distribution Channel
    • 9.2.1.Supermarkets & Hypermarkets – Overview/Analysis
    • 9.2.2.Convenience Stores – Overview/Analysis
    • 9.2.3.Online – Overview/Analysis
    • 9.2.4.Others – Overview/Analysis
  • 9.3.Supermarkets & Hypermarkets
    • 9.3.1.Global Cashew Milk Market for Supermarkets & Hypermarkets, Revenue (USD Million) 2016 - 2026
  • 9.4.Convenience Stores
    • 9.4.1.Global Cashew Milk Market for Convenience Stores, Revenue (USD Million) 2016 - 2026
  • 9.5.Online
    • 9.5.1.Global Cashew Milk Market for Online, Revenue (USD Million) 2016 - 2026
  • 9.6.Others
    • 9.6.1.Global Cashew Milk Market for Others, Revenue (USD Million) 2016 - 2026
• Chapter 10.Cashew Milk Market – Regional Analysis
  • 10.1.Global Cashew Milk Market: Regional Overview
    • 10.1.1.Global Cashew Milk Market Revenue Share, by Region, 2019 & 2026
    • 10.1.2.Global Cashew Milk Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 10.2.North America
    • 10.2.1.North America Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
    • 10.2.2.North America Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.2.3.North America Cashew Milk Market Revenue, by Milk Type, 2016 – 2026
    • 10.2.4.North America Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026
    • 10.2.5.North America Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026
    • 10.2.6. U.S.
    • 10.2.7.Canada
  • 10.3.Europe
    • 10.3.1.Europe Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
    • 10.3.2.Europe Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.3.3.Europe Cashew Milk Market Revenue, by Milk Type, 2016 – 2026
    • 10.3.4.Europe Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026
    • 10.3.5.Europe Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026
    • 10.3.6.Germany
    • 10.3.7.France
    • 10.3.8. U.K.
    • 10.3.9.Rest of Europe
  • 10.4.Asia Pacific
    • 10.4.1.Asia Pacific Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
    • 10.4.2.Asia Pacific Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.4.3.Asia Pacific Cashew Milk Market Revenue, by Milk Type, 2016 – 2026
    • 10.4.4.Asia Pacific Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026
    • 10.4.5.Asia Pacific Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026
    • 10.4.6.China
    • 10.4.7.Japan
    • 10.4.8.India
    • 10.4.9.Rest of Asia Pacific
  • 10.5.Latin America
    • 10.5.1.Latin America Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
    • 10.5.2.Latin America Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.5.3.Latin America Cashew Milk Market Revenue, by Milk Type, 2016 – 2026
    • 10.5.4.Latin America Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026
    • 10.5.5.Latin America Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026
    • 10.5.6.Brazil
    • 10.5.7.Mexico
    • 10.5.8.Rest of Latin America
  • 10.6.The Middle-East and Africa
    • 10.6.1.The Middle-East and Africa Cashew Milk Market Revenue, 2016 - 2026 (USD Million)
    • 10.6.2.The Middle-East and Africa Cashew Milk Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.6.3.The Middle-East and Africa Cashew Milk Market Revenue, by Milk Type, 2016 – 2026
    • 10.6.4.The Middle-East and Africa Cashew Milk Market Revenue, by Packaging Type, 2016 – 2026
    • 10.6.5.The Middle-East and Africa Cashew Milk Market Revenue, by Distribution Channel, 2016 – 2026
• Chapter 11.Company Profiles
  • 11.1.So Delicious Dairy Free
  • 11.2.Danone
  • 11.3.Forager Project
  • 11.4.Silk
  • 11.5.Elmhurst Milked Direct LLC
  • 11.6.Nutty Life, LLC
  • 11.7.Plenish
  • 11.8.PACIFIC FOODS OF OREGON, LLC
  • 11.9.RITA FOOD AND DRINK CO., LTD.
  • 11.1.Rude Health

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)