Cashew milk is a plant-based non-dairy milk made by grinding raw cashews with additional ingredients and water. Cashew milk is utilized in a variety of recipes because of its rich taste and creamy consistency. Cashew milk sold in stores is enriched with minerals and vitamins to improve its nutritional profile. Cashew milk is also used as a beauty drink to improve skin and hair health.
MARKET SCOPE
The "Global Cashew Milk Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cashew milk market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading cashew milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into unsweetened and sweetened
- On the basis of category, the market is segmented into organic and conventional
- On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others
MARKET DYNAMICS
Drivers:
- Rising trend of veganism in developed as well as developing economies is potentially driving the market growth
- Increasing utilization of plant-based ilks in various food and beverages is also driving the market growth
- Growing demand for cashew milk owing to its health benefits is further projected to fuel the market growth in the coming years.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cashew milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cashew milk market in these regions.
IMPACT OF COVID-19 ON CASHEW MILK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the cashew milk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Cashew milk market are anticipated to lucrative growth opportunities in the future with the rising demand for cashew milk in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cashew milk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Califia Farms
- Danone S.A.
- Earth's Own Food Company Inc.
- Elmhurst Milked Direct LLC
- Forager Project
- Hain Celestial Group
- Pacific Foods
- Plenish Cleanse Ltd.
- RITA Food and Drink Co.Ltd.
- Rude Health
- WhiteWave Services, Inc.
- Blue Diamond Growers
- Provamel
- Dream Blends
- So Delicious Dairy Free
- Cashew Dream
- Alpro
- Sanitarium
- Goodmylk
- JOI
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.