Cashew Milk Market to Grow with a CAGR of 5.4% Globally through 2028
Rising demand
for plant-based milk alternatives and the growing popularity of vegan and
vegetarian diets are factors driving the global cashew milk market in the
forecast period 2024-2028.
According to
TechSci Research report, “Global Cashew Milk Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the global Cashew
Milk market stood at USD67.23 million in 2022 and is anticipated to grow with a
CAGR of 5.4% in the forecast period, 2024-2028. The market for cashew milk has
witnessed robust growth in recent years, driven by increasing consumer demand
for dairy alternatives. Cashew milk's appeal lies in its creamy texture, nutty
flavor, and nutritional profile. Health-conscious consumers seeking
lactose-free, vegan, and plant-based options have embraced it enthusiastically.
The rising prevalence of lactose intolerance and dairy allergies has further
fueled its popularity. Cashew milk is not only consumed as a beverage but also
utilized in cooking, baking, and as a coffee creamer, expanding its market
reach. As a result, numerous brands have introduced cashew milk products,
leading to a competitive landscape that continues to thrive and innovate.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Global Cashew
Milk Market.”
The growing
popularity of cashew milk aligns with the global push towards more sustainable
food choices. Compared to traditional dairy production, plant-based
alternatives like cashew milk tend to have a lower environmental impact. Cashew
trees are relatively resilient and require less water compared to some other
nut-bearing trees.
Furthermore, the
production of cashew milk generates fewer greenhouse gas emissions than dairy
milk. It reduces the pressure on land and water resources, contributing to the
conservation of vital ecosystems. With concerns about climate change and
resource scarcity gaining prominence, consumers are increasingly turning to
cashew milk as an eco-conscious choice.
The plant-based
milk market has witnessed explosive growth in recent years, driven by
health-conscious consumers, dietary restrictions, and environmental concerns. Cashew
milk, with its unique flavor profile and nutritional advantages, has carved a
niche for itself within this competitive landscape.
One of cashew
milk's distinguishing features is its creamy texture, which makes it an
excellent choice for coffee and latte enthusiasts. Its rich and nutty flavor
also lends itself well to a variety of culinary applications, from baking to
savory dishes. This versatility has allowed cashew milk to stand out in a
market filled with almond, soy, oat, and coconut milk options.
In addition to
its flavor and texture, cashew milk has gained favor among those with dietary
restrictions. It is naturally lactose-free and is a suitable choice for vegans
and individuals with dairy allergies or intolerances. Its nutritional profile,
when fortified, can also match or even surpass that of dairy milk, making it a
well-rounded choice for those looking to transition to plant-based options.
As a result, cashew
milk's ascent to global popularity represents a compelling intersection of
taste, nutrition, sustainability, and convenience. With a rich history rooted
in cashew-rich regions, a straightforward production process, impressive
nutritional benefits, and a lower environmental impact, it has earned its place
in the ever-expanding landscape of plant-based milk alternatives. As the world
continues to embrace healthier, more sustainable dietary choices, cashew milk
is poised to remain a prominent player in the global beverage market for years
to come.
The global cashew
milk market is segmented into type, packaging, sales channel, regional
distribution, and company.
Based on type
the market is segmented
into reading flavored, non-flavored.
Based on packaging
the market is further segmented into cartons,
pouches, bottles.
Pouches have emerged as a
thriving segment in the cashew milk market. These convenient, on-the-go
packaging options are gaining significant traction due to their portability,
ease of use, and environmental benefits. Cashew milk pouches cater to the busy,
health-conscious consumer demographic seeking a quick and healthy dairy
alternative. They are particularly popular among individuals looking for
convenient options for breakfast, snacks, or post-workout replenishment. The
pouch format also reduces the need for refrigeration until opened, contributing
to sustainability efforts. This growing segment underscores the industry's
responsiveness to evolving consumer preferences and the increasing demand for
hassle-free, sustainable, and health-conscious choices in the cashew milk
market.
Based on sales
channel the market is divided into supermarkets/hypermarkets, online,
convenience stores, specialty stores, and others (direct sales, etc.).
Based on region the market is segmented into five regions Asia
Pacific, North America, Europe, Middle East & Africa, and South America.
Major companies
operating in Global Cashew Milk Market are:
- Blue Diamond Growers
- So Delicious Dairy Free
- Aplro
- Cashew Dream
- Forager Project
- Nutty life, LLC.
- Provamel
- Danone SA
- Plenish Cleanse Ltd.
- White Waves Food Company
Download
Free Sample Report
Customers can
also request for 10% free customization on this report.
“Cashew milk, a
dairy-free alternative, is derived from ground cashew nuts blended with water.
This creamy and nutty beverage has gained popularity due to its versatility and
nutritional benefits. Cashew milk is lactose-free, making it an excellent
choice for individuals with lactose intolerance or dairy allergies. It boasts a
rich, smooth texture that enhances coffee, tea, and cereals, making it a
popular dairy milk substitute in various recipes. Furthermore, it's a source of
essential nutrients like healthy fats, vitamins, and minerals, including
magnesium and copper. As a vegan and plant-based option, cashew milk aligns
with diverse dietary preferences while delivering a delicious and nutritious
beverage experience.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Cashew Milk Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Type (Flavored,
Non-Flavored), By Packaging (Cartons, Pouches, Bottles), By Sales Channel (Supermarkets/Hypermarkets, Online, Convenience Stores, Specialty
Stores, and Others (Direct Sales, etc.)), By Region, Competition”, has evaluated the future growth potential of global
cashew milk market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global cashew milk market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com