Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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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