Global Cashew Milk Market report offers remarkable data along with a future forecasts and thorough analysis of the market on an international and regional levels. Other data models employed for the research methodology are vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. This report studies the trends in consumer and supply chain dynamics that have been observed to be helpful in developing production strategies for Food & Beverage industry. The Global Cashew Milk Market report covers market shares for Global, Europe, North America, Asia Pacific and South America.
Global cashew milk market is expected to rise with an estimated value of USD 243.51 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This report contains the data of base year 2018 and historic year 2017. This rise in market value can be attributed to the growing awareness regarding the benefits of cholesterol free cashew milk & lactose free non-dairy milks.
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Key Market Competitors:
Few of the major competitors currently working in the global cashew milk market are THE WHITEWAVE FOODS COMPANY, Blue Diamond Growers, Forager Project, Alpro, nutty life, LLC., Califia Farms, PACIFIC FOODS OF OREGON, LLC., Elmhurst Milked Direct LLC, Earth’s Own Food Company, RITA Food & Drink Co.,Ltd., Goodmylk, among others.
Segmentation: Global Cashew Milk Market
Global Cashew Milk Market By Product Type (Plane Cashew Milk, Flavored Cashew Milk), Packaging (Cartons, Pouches, Jars, Bottles, Cans and Others), Distribution Channel (Store Based, Non-store Based), Category (Conventional, Organic), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
• In September 2019, Z Natural Foods, LLC, announced the launch of their cashew milk powder rich in magnesium and copper. It comprised of 2 ingredients cashews and inulin that help to powder not to form clumps. Unlike other they do not use unhealthy oil, sugar and preservatives. The two main ingredients comprised of cashews and inulin, Inulin helps the powder from forming clumps. It is a healthy and natural, ideal for smoothies, cereal among others. It provides omega 3, calcium and omega 6 fatty acid and many vitamins
• In September 2017, PACIFIC FOODS OF OREGON, LLC., announced the launch of their cashew-based milk line. The non-dairy milk is available in 4 different flavours such as original, original sweetened, vanilla, and vanilla sweetened. They provide great taste, nourished product with ethical ingredient.
Global cashew milk market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cashew milk market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Cashew Milk Market
Cashew milk is non-dairy milk which is derived from the blended cashew with milk. It contains vitamins, iron, manganese, zinc and among others which are good for the health. It is a lactose free alternative of milk. It has low calorie content compared with cow milk or any plant based soya milk. It reduced the risk of heart diseases which is the application benefit of the cashew milk.
• Growing demand for flavoured cashew milk will enhance the growth of the market.
• They have the ability to enhance the functioning of digestive system which is another factor accelerating the market growth
• Rising inclination towards non-dairy milk to reduce the lactose intolerance also increases the market growth
• Increasing demand for plant based milk acts as a market driver
• Availability of substitutes in the market is expected to restrain the market growth
• High cost of cashew nuts is another factor that will hamper the growth
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Key Insights in the report:
• Competitive analysis of key competitors involved in the market
• Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
• Market drivers and restraints analysis along with the analysis of the market structure
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