The Global Cashew
Milk Market is projected to reach USD 229.1
million by 2027. The market is fueled by the rising trend of consuming dairy
based cereal alternatives, and growing practices of vegan diet, concerns about
antibody residues, or growth hormones in animal milk. Cashew Milk are often
highly preferred by the patients who suffer from radioiodine cancer, eczema,
eyesight problem, weaker bone density, hypercholesterolemia, and allergic to
dairy based products. More than 16% European consumers try avoiding dairy
products for these aids and cholesterol issues.
The competitive landscape and
company profiles offered in the report examine the key players in the Cashew
Milk market. The competitive analysis scrutinizes strategic initiatives adopted
by key players and evaluates recent developments and market standing of the
companies. The company profiles include data of established players and new
entrants and are examined by using analytical tools like SWOT Analysis.
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Key Players:
Key participants
include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands
Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy
Nutritional Foods, Inc., Nature's Choice B.V., and Vitasoy Australia
Products Pty. Ltd., among others.
Further
key findings from the report suggest:
- The overall nutritional supplement
sales for children are expected to rise during the forecast period. It was
observed that Chinese and Indian parents were willing to spend relatively
large amounts of money on the health of their children in relation to
family income.
- A new trend emerging in the dietary
supplements market is the need to use organic or sustainable ingredients.
This trend is being driven by two fundamental shifts in this industry: the
need to consume ‘healthier’ ingredients and consumers’ increasing concerns
for sourcing ‘sustainable’ products
- Variations in the price of the
upstream product are expected to influence the production cost of organic
Cashew Milk. The cost of production is also an important factor which
could affect the market price.
- Nutraceuticals & Baby Food
sub-segment had a market share of 28.6% in 2019 due to its remarkable
usage of the Cashew Milk based formulation for making end-use baby food
products & nutritional additives.
- In September 2019, Z Natural Foods
announced the launch of cashew milk powder. The cashew nut flavor from the
company makes a mild, dairy-free, flavorful experience of non-conventional
milk and especially made for the vegetarian & lactose-free lifestyles.
- So Delicious, a renowned vegan
non-dairy based product company, released a new and organic almond cashew
milk.
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Market
Segmentation:
Sales Channel Outlook
(Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Supermarket & Hypermarket
- Online Retails
- Others
Form Outlook (Revenue:
USD Million; Volume: Kilo Tons; 2017-2027)
- Powder
- Liquid
End-Use Verticals
Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Food & Beverages
- Nutraceuticals & Baby Food
- Personal Care
- Pharmaceuticals
- Others
Regional Outlook
(Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Cashew Milk market.
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