The Global Cashew-nut 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-nut 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 section of the report discusses in detail the company overview, product and services portfolio, business expansion plans, production and manufacturing capacity, financial standing, and global market position. It further sheds light on the recent mergers and acquisitions, collaborations, partnerships, corporate and government deals, agreements, and product launches.
The report’s precise market projections are based on historical, current, and future market contexts. Additionally, the report highlights the forecast global market value, upcoming market trends, gross revenue generation, manufacturer and buyer landscape, available products services, technological breakthroughs, and end-use industries. The report further offers full coverage of the COVID-19 pandemic on this industry and its leading segments. It thus highlights the profound changes that took place in this business sphere following the coronavirus outbreak.
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Statistical data indicating product consumption across all these topographies have been cited in the report. These particulars additionally consist of a basic summary of the corporations, company profile, and the product portfolio of the company in focus. The report analyses the gathered information relating to the profits accrued, sales, gross margins, price patterns, revenue and updates on the activities of the company.
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-nut 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-nut Milk based formulation for making end-use baby food products nutritional additives.
- In September 2019, Z Natural Foods announced the launch of Cashew-nut 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-nut Milk.
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
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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
Market-O-Nomics:
- The growing popularity and widespread use of internet has made finding health information on dietary supplements easier and faster. Thus, the demand for these products are projected to rise during the forecast period.
- The overall nutritious 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
- The distribution channel segment was led by supermarket or hypermarket sub-segment in 2019. The benefits and convenience of shopping for a variety of products in a supermarket is expected to positively impact the demand over the forecast period
- The regulations guiding the North American region are varied, multifaceted and have a great impact on the industry. For example, in the U.S., ‘nutraceuticals’ mainly come under the category of vitamins and dietary supplements. A range of regulations apply, notably the Dietary Supplement Health and Education Act (DSHEA) from 1994, which covers dietary supplements, the Federal Food Drug and Cosmetic Act, which covers all foods and food additives, and Good Manufacturing Practice regulations from 2007
- Nutraceuticals Baby Food sub-segment had a market share of 28.6% in 2019 due to its remarkable usage of the cashew based formulation for making end-use baby food products nutritional additives.
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-nut Milk market.
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