Middle East and Africa Cashew Milk Market size is expected to be USD 5.43 billion in 2024 It is expected to grow at a CAGR of 3.33% to reach USD 6.43 billion by 2029.
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. macroeconomic factors driving the Middle East and Africa market are the growing economies, the rapid rate of urbanization, changing lifestyles, and rising domestic income. The development of the Middle East and Africa 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 include being free from lactose attract health-conscious people which is driving the Middle East and Africa cashew milk market.
But still, the high price of cashews hampering the demand for the Middle East and African cashew milk market. Few factors trending in the Middle East and Africa 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 their share by backward integration i.e. collaboration with cashew suppliers, and offering gluten-free and organic products in the market.
This Research Report On Middle East and Africa Cashew Milk Market is segmented and sub segmented into following categories:
Middle East and Africa Cashew Milk Market - By Packaging Type:
Cartons
Pouches
Jars
Bottles
Cans
Among these cartons, the segment is anticipated to contribute to a substantial revenue share in the Middle East and Africa cashew milk market over the forecast period. The bottles segment is followed by the cartons segment in the Middle East and Africa cashew milk market.
Middle East and Africa Cashew Milk Market - By Distribution Channels:
Convenient stores
Hypermarkets/Supermarkets
E-Commerce
Among these, the hypermarkets/supermarkets, segment is anticipated to contribute for major revenue share whereas, the e-Commerce segment is anticipated to expand at a significant CAGR in the Middle East and Africa cashew milk market, owing to the growing adoption of e-Commerce worldwide. On the basis of product type, the Middle East and Africa cashew milk market is categorized as plane cashew milk and flavored cashew milk, wherein flavored cashew milk has a significant revenue share and is anticipated to register a significant CAGR over the forecast period.
Middle East and Africa Cashew Milk Market - By Region:
UAE
Israel
KSA
South Africa
Egypt
Frequently Asked Questions
Cashew milk is valued for its creamy texture, nutty flavor, and various nutritional benefits. It is naturally low in calories and cholesterol, rich in healthy fats, and contains essential vitamins and minerals such as vitamin E, magnesium, and phosphorus.
Cashew milk can be consumed as a standalone beverage, used as a dairy substitute in coffee, tea, smoothies, and cereals, and incorporated into cooking and baking recipes.
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