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.
North America Cashew Milk Market size is expected to be around USD 34.32 million in 2024. It is expected to grow at a CAGR of 4.43% to reach USD 42.56 billion by 2029.
acroeconomic factors driving the North America market are growing economy, the rapid rate of urbanization, changing lifestyle, and rising domestic income. The development of the North 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 North America cashew milk market.
But still, the high price of cashews hampering the demand for North America cashew milk market. Few factors trending the North 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.
This Research Report on North America Cashew Milk Market is segmenetd and sub segmneetd into following categories:
North America Cashew Milk Market - By Packagaing:
The North America cashew milk market is categorize on the basis of packaging, distribution channel, product type, and region. Based on packaging type, North 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 North America cashew milk market over the forecast period. Bottles segment is followed by cartons segment in the North America cashew milk market. Based on distribution channel, the North 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 North America cashew milk market, owing to growing adoption of e-Commerce worldwide. On the basis of product type, the North 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.
North America Cashew Milk Market - By Distribution Channel:
North America Cashew Milk Market - By Product Type:
North America Cashew Milk Market - By Region:
By geographies, the market is split into US and Canada. North America is anticipated to lead the market, due to high demand for healthy and low-calories containing food products across the region.
KEY MARKET PLAYERS:
North America cashew milk market are Blue Diamond Growers, Forager Project, WhiteWave Services, Inc, VITASOY, Cashew Dream, SO DELICIOUS DAIRY FREE, Provamel, Dream Blends, and Alpro.
Frequently Asked Questions
Cashew milk is naturally creamy and has a mild, slightly sweet flavor. It is rich in unsaturated fats, vitamins, and minerals, including vitamin E, magnesium, and potassium. Cashew milk is also low in calories and cholesterol-free, making it a healthy alternative to dairy milk.
Cashew milk can be used in similar ways to dairy milk. It can be poured over cereal, added to coffee or tea, used as a base for smoothies and shakes, or incorporated into recipes for soups, sauces, and desserts. Its creamy texture and mild flavor make it versatile in cooking and baking applications.
Cashew milk is widely available in grocery stores, health food stores, and online retailers throughout North America. It is sold in cartons, typically in the refrigerated or non-refrigerated sections, alongside other plant-based milk alternatives.
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