A recent research report published by MarkNtel Advisors states that the Global Cashew Milk Market is set to record around 5.2% CAGR during 2022-27. The rapidly expanding organic & vegan food industries, mounting awareness among consumers about the health benefits of plant-based food & beverages, and the rising availability of cashew milk in different flavors are the prime aspects anticipated to drive the Global Cashew Milk Market during 2022-27.
Cashew milk is a non-dairy milk substitute that contains important healthy fats, minerals, & vitamins and its calorie content is lower than that of dairy, coconut, & oat milk. The increasing inclination of people toward consuming a healthy diet, especially after the Covid-19 pandemic, has resulted in a surging demand for food & beverages with high nutritional content & longer shelf-life, i.e., surging the production & sales of cashew milk globally.
The leading companies operating in the industry are massively investing in producing more & more cashew milk products using sustainable practices to suffice the burgeoning consumer requirements for plant-based food & beverages owing to their numerous health benefits, including improved heart health, vision, bones & teeth, reduced chances of blood clotting, enhanced immunity, etc., i.e., another prominent aspect augmenting the overall market growth, further states the research report, "Global Cashew Milk Market Analysis, 2022."
Easy Storage & Transportation and High Shelf Life of Cashew Milk Powders to Drive the Global Market
Powdered cashew milk, used extensively in bakeries, cafes, & wholesale food chains as dry ingredients for biscuits, hot chocolate mix, pancakes, muffins, etc., has a higher shelf life than its liquid form and provides convenient storage & transportation. Moreover, its Vitamin E sources help develop a massive amount of fat-soluble antioxidants that go well for vegan people. Hence, these aspects are driving the demand for cashew milk powders and, in turn, boosting the global market. The leading players in the Cashew Milk Market are substantially investing in R&D activities to produce soluble cashew milk powders and expand their production capacity in order to cater to the growing consumer requirements worldwide.
With Increasing Lactose Tolerance among the US Population, North America to Dominate the Market
The rise in the lactose intolerant population, growing concerns over animal welfare, and changing eating habits of consumers across the US & Canada are the major factors driving the North America Cashew Milk Market. In addition, the growing consumer inclination toward the vegan diet, i.e., available extensively across numerous high-end restaurants, cafes, etc., coupled with the active participation of cashew milk manufacturers across the region in increasing their production capacities in order to meet consumer demands, are other crucial aspects fueling the regional market growth. Moreover, the easy & growing availability of multiple cashew milk flavors and the mounting consumer awareness about the health benefits of these products are also projected to boost the North America Cashew Milk Market during 2022-27.
The major companies in the Global Cashew Milk Market include Alpro, Blue Diamond Growers, Cashew Dream, Danone SA, Earth’s Own Food Company, Elmhurst Milked Direct, Forager Project, Pacific Foods of Oregon LLC, Plenish Cleanse Ltd., Provamel, Nutty Life LLC, So Delicious Dairy Free, SunOpta, Inc., and White Wave Services Inc.
Key Questions Answered in the Research Report: