Europe Cashew Milk Market

Europe Cashew Milk Market Size and Growth Analysis:

Europe Cashew Milk Market size was around USD XX billion in 2022. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2027

Europe Cashew Milk Market Overview:

Cashew milk is a creamy liquid prepared by blending cashews with water. It is a lactose-free alternative to milk. Cashew milk market players are selling the product with a large number of excipients namely thickening agents like xanthan gum and guar gum, flavoring agents like vanilla and cinnamon, and other excipients.acroeconomic factors driving the Europe market are growing economy, the rapid rate of urbanization, changing lifestyle, and rising domestic income. The development of the Europe cashew milk market is also propelled by rising health consciousness among consumers, growing demand for dairy-free products, and rising demand for high nutrition and less fat-containing food and beverages. The advantages of cashew milk including free from lactose attracts health-conscious people which are driving the Europe cashew milk market.But still, the high price of cashews hampering the demand for Europe cashew milk market. Few factors trending the Europe cashew milk market are mergers & acquisitions between cashew milk market players and cashew suppliers and high investment in the food industry. Major players in the market can grow its share by backward integration i.e. collaboration with cashew suppliers, and offering gluten-free and organic products in the market.

Europe Cashew Milk Market Segmentation:

The Europe cashew milk market is categorized on the basis of

• packaging

• distribution channel

• product type

Based on packaging type, Europe cashew milk market is categorized into

• cartons

• pouches

• jars

• bottles

• cans

Among these cartons, the segment is anticipated to contribute for a substantial revenue share in the Europe cashew milk market over the forecast period. The bottles segment is followed by the cartons segment in the Europe cashew milk market.

Based on the distribution channel, the Europe cashew milk market categorizes as

• convenience stores

• hypermarkets/supermarkets

• e-Commerce

Among which, hypermarkets/supermarkets, the segment is anticipated to contribute for major revenue share whereas, the e-Commerce segment is anticipated to expand at a significant CAGR in the Europe cashew milk market, owing to growing adoption of e-Commerce worldwide. On the basis of product type, the Europe cashew milk market is categorized as plane cashew milk and flavoured cashew milk, wherein flavored cashew milk has a significant revenue share and is anticipated to register significant CAGR over the forecast period.

Europe Cashew Milk Market geographical Analysis

By geographies, the market is split into

• UK

• Spain

• Germany

• France

Europe is followed by North America and is anticipated to expand at a significant growth rate in cashew milk market, owing to increasing health awareness among consumers across the regions.

Europe Cashew Milk Market Keyplayers:

1. Blue Diamond Growers

2. Forager Project

3. WhiteWave Services, Inc.

4. VITASOY

5. Cashew Dream

6. Provamel

7. Dream Blends

8. Alpro