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Cashew Milk Market (Formulation - Regular, and Flavoured; Packaging Type - Plastic Bottles and Pouches, Glass Bottles, Carton Packaging, and Cans; Nature - Organic, and Conventional; Sales Channel - Specialty Stores, Hypermarkets, Convenience Stores, Independent Small Groceries, and Online Retailing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : FB0253

  • Category : Food & Beverages

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Cashew Milk Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Cashew Milk Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Cashew Milk Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on cashew milk market provides in-depth analysis of segments and sub-segments in the global as well as regional cashew milk market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cashew milk market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cashew milk market. According to the report, the global cashew milk market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.

 

Market Insight

Cashew milk is a source of nutrients and proteins. It helps in blood clotting, raises antioxidant defenses, offers anti-cancer effects, and reduces the cholesterol level. Cashew milk is easy to digest and rich in omega 6 fatty acids. The rising publicity of plant-based dairy and convenience foods is increasing rapidly through various events leading to the expansion of the cashew milk market.

 

The rising attention of pro-health consumers towards the health benefits of veganism drives the growth of the cashew milk market. A study estimated that around 8% of the world population were vegans in 2018. The emergence of plant-based foods stimulates the expansion of the cashew milk market. Further, cashew milk is publicized as a plant-based beverage rich with calcium. Its low fat and low sugar features catch the attention of consumers. Cashew milk is replacing conventional dairy milk among different consumers propelling the development of the cashew milk market. There is a surge in the number of individuals having lactose intolerance that promotes the demand for dairy alternatives such as cashew milk. Additionally, the increasing number of deaths due to high cholesterol in patients promotes the demand for low-fat milk such as cashew milk. The market players are investing in research and development to increase the shelf life of plant-based products. Companies are launching soluble cashew milk powder that meets the requirement of consumers for plant-based milk alternatives. In addition, the availability of cashew milk with high quality and features such as unsweetened cashew milk beverage which is soy-free, gluten-free, eco-friendly, vegan, and low-calorie milk had a positive impact on the growth of cashew milk market. On the flip side, cashew milk is costly to the pocket of consumers in comparison with conventional dairy milk that hinders the growth of the cashew milk market. Moreover, new product launches in cashew milk with different features create numerous opportunities in the global cashew milk market.

 

Geographically, the global cashew milk market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have the largest share in the global cashew milk market. The rising demand for non-dairy milk among the prevailing lactose-intolerant population in North America led to the growth of the cashew milk market in North America. Europe is expected to grow in the global cashew milk market with a healthy CAGR over the forecast period. The increasing demand for non-dairy milk from the bakery industry for preparing confectionery and bakery products in Europe promotes the growth of the cashew milk market in Europe. Asia-Pacific region has lucrative growth opportunities in the global cashew milk market owing to the growing number of health-conscious people in the region. Additionally, the rising awareness about cashew milk among consumers in the Asia-Pacific region contributes to the expansion of the market in the region. 

 

Segment Covered

The report on global cashew milk market covers segments such as formulation, packaging type, nature, and sales channel. On the basis of formulation, the sub-markets include regular, and flavoured. On the basis of packaging type, the sub-markets include plastic bottles and pouches, glass bottles, carton packaging, and cans. On the basis of nature, the sub-markets include organic, and conventional. On the basis of sales channel, the sub-markets include specialty stores, hypermarkets, convenience stores, independent small groceries, and online retailing.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Dream Blends, Alpro, Forager Project, LLC, Vitasoy International Holdings Limited, So Delicious Dairy Free, WhiteWave Foods Company, Danone S.A., Freedom Foods Group Ltd., Blue Diamond Growers, Nutty Life LLC, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cashew milk market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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