Global Flavored Cashew Milk Market, By Packaging Type (Cartons, Pouches, Jars, Bottles, Cans), Distribution Channel (Convenient Stores, Hypermarkets/Supermarket, E-Commerce), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Flavored cashew milk market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 7.00% in the above-mentioned forecast period. The growing demand for flavoured cashew milk drives the flavored cashew milk market.
Cashew milk is a type of non-dairy milk that is derived from the blended cashew with milk. It consists of iron, vitamins, manganese, zinc 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.
Rising inclination towards non-dairy milk to reduce the lactose intolerance is a vital factor escalating the market growth, also rising demand for plant based milk, rising demand for plant based milk, increasing demand for less fat and high nutrition containing food and beverages, increasing benefits of cashew milk such as good for heart, help with weight loss, and help prevent prostate, colon, and liver cancers, increasing extensive urbanization, changing lifestyle, rising disposable income, increasing health consciousness among individuals and rising consumption and production of cashew milk products are the major factors among others driving the flavored cashew milk market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the flavored cashew milk market in the forecast period of 2021- 2028.
However, increased price of the cashew milk when compared to the normal milk due to increased prices of cashews are the major factors among others acting as restraints, and will further challenge the flavored cashew milk market in the forecast period.
This flavored cashew milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flavored cashew milk market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flavored cashew milk market is segmented on the basis of packaging type and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of packaging type, the flavored cashew milk market is segmented into cartons, pouches, jars, bottles and cans.
- The flavored cashew milk market is also segmented on the basis of distribution channel into convenient stores, hypermarkets/supermarket and E-commerce. Supermarkets and hypermarkets is the leading segment in the market holding a prominent share. The distribution channel has been gaining traction due to its benefits such as providing the customers an advantage of scanning the product before purchase and the rising presence of a store associate who helps them choose the right product, which influences the buying decision. Supermarkets which include big bazar, reliance fresh, easy day, and more are the major distributors of cashew milk of various companies.
Global Flavored Cashew Milk Market Country Level Analysis
Flavored cashew milk market is analysed and market size insights and trends are provided by country, packaging type and distribution channel as referenced above.
The countries covered in flavored cashew milk market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the flavored cashew milk market due to increased demand and manufacturing in countries such as the U.S. and Canada, increased awareness about the benefits of the product, rising vegan population and hike in the number of sellers and manufacturers has led to an increase in the availability of cashew milk in this region. Asia-Pacific is the expected region in terms of growth in flavored cashew milk market due to rise in awareness, change in taste and preference, and concerns over health, increasingly spending on these products due to increasing disposable income and health benefits associated with the products and rising focus on the intake of cashew milk due to growing demand for non-dairy products and high lactose intolerance in this region.
The country section of the flavored cashew milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flavored Cashew Milk Market Share Analysis
Flavored cashew milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavored cashew milk market.
The major players covered in the flavored cashew milk market report are Blue Diamond Growers, So Delicious Dairy Free, Forager Project, Alpro, nutty life, LLC, Califia Farms, PACIFIC FOODS OF OREGON, LLC, Ruby Food Products Private Limited, Elmhurst Milked Direct LLC, Earth's Own Food Company, RITA Food & Drink Co.,Ltd., Avkash International, Sri Yoganarasimha International., Sasya Products., JP Soya Beverage. Goodmylk, other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.