Latin America Cashew Milk Market

Latin America Cashew Milk Market Size Growth Trends 2022 - 2027

Latin America Cashew Milk Market size was around USD XX billion in 2021. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2026.

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, flavouring agents like vanilla and cinnamon, and other excipients.

Macroeconomic factors driving the Latin America market are growing economy, the rapid rate of urbanization, changing lifestyle, and rising domestic income. The development of the Latin America 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 Latin America cashew milk market.

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But still, the high price of cashews hampering the demand for Latin America cashew milk market. Few factors trending the Latin America 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.

The Latin America cashew milk market is categorize on the basis of packaging, distribution channel, product type, and region. Based on packaging type, Latin America cashew milk market is categorize into cartons, pouches, jars, bottles, cans, and others. Among these cartons, segment is anticipated to contribute for the substantial revenue share in Latin America cashew milk market over the forecast period. Bottles segment is followed by cartons segment in the Latin America cashew milk market. Based on distribution channel, the Latin America cashew milk market categorize as convenient stores, hypermarkets/supermarket, and e-Commerce. Among which, hypermarkets/supermarket, the segment is anticipated to contribute for major revenue share whereas, e-Commerce segment is anticipated to expand at a significant CAGR in the Latin America cashew milk market, owing to growing adoption of e-Commerce worldwide. On the basis of product type, the Latin America cashew milk market is categorize as plane cashew milk and flavoured cashew milk, wherein flavoured cashew milk has significant revenue share and is anticipated to register significant CAGR over the forecast period.

By geographies, the market is split into Brazil, Chile, Argentina and others.

Few players in the Latin America cashew milk market Blue Diamond Growers, Forager Project, WhiteWave Services, Inc., VITASOY, Cashew Dream, SO DELICIOUS DAIRY FREE, Provamel, Dream Blends, and Alpro.