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. 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.
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.
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Segmentation: Global Cashew Milk Market
- By Product Type (Plane Cashew Milk, Flavored Cashew Milk)
- By Packaging (Cartons, Pouches, Jars, Bottles, Cans and Others)
- By Distribution Channel (Store Based, Non-store Based), Category (Conventional, Organic)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis: Global Cashew Milk Market
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 Drivers:
- 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
Market Restraints:
- 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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