Cashew Milk Market, By Type (Flavored and Plain Cashew Milk), By Distribution Channel (Supermarkets, Convenience Stores, and Online), and Geography (North America, Europe, Asia Pacific, Latin America and MEA) Analysis, Share, Trends, Size, & Forecast from 2020 2026
REPORT HIGHLIGHT
Cashew Milk Market was valued at USD 37.1 billion by 2018, growing with 4.2% CAGR during the forecast period, 2020 – 2026
Market Dynamics
Cashew milk is flavoured milk, which contains a blend of cashews and water. Many market players are offering this product in many flavours like cinnamon and vanilla. It is also mixed with various thickening agents like guar gum, xanthan gum, etc. Cashew milk has a lot of health benefits. It improves heart condition, blood sugar level, skin health, iron deficiency, and eye health. It is also a good source of nutrition and protein, thus possess anti-cancer effects, minimizes cholesterol level and reduces blood clotting. All these aspects allow customers to consume this product, which will thereby drive the market during the forecast period.
Rising need for protein and vitamins intake, which can be fulfilled by milk substitutes, will flourish the global market. Companies are focusing on online distribution of product so that buyers can consume it quickly. However, the increase in the price of cashews is the primary factor which is hampering the market.
Type Takeaway
Plain cashew milk has led the market in 2018 and is projected to continue its dominance during the study period. The reason behind this is the demand for creamy fluid texture because of consumers’ attention towards health. This product is also rich in vitamins and minerals, which is one more factor for its popularity.
On the other side, a flavoured product is anticipated to become customers’ choice over the projection period. Flavours such as vanilla, cinnamon, coconut, and coffee are attracting many consumers owing to their mouth-watering taste. Flavours like salted caramel, strawberry and silk vanilla are also available in this industry.
Distribution Channel Takeaway
Supermarkets and hypermarkets channel was the leader in 2018, and the same trend will continue for the next few years. This distribution channel offers two significant advantage to consumers. Firstly, the product gets scanned before buying and secondly the buyer can get valuable information about the product from the store associate before making the final buying decision.
Supermarkets like big bazar, easy day, reliance are the leading distributors of cashew milk. However, online shopping is also gradually increasing with time. For meeting the ever-increasing demand of customers, many companies are joining hands with online retailers.
Regional Takeaway
North America is expected to capture the global market in the near future, because of the vast demand of low-calories milk in the region. This change in preference is because of an increase in vegan population in the area. Because of health benefits, buyers are moving towards plant-based milk, which thereby drives the industry of cashew milk in this region.
The Asia Pacific is also picking up the pace during the forecast period. This growth is due to the change in taste and health awareness among people. The increase in disposable income is also contributing to the growth of this market. Accelerating demand for high lactose intolerance and non-dairy products are the two primary aspects for the growth of the market in this region.
Key-vendor Takeaway
The leading players of this industry are Plenish Cleanse Limited, White Wave Services, Inc., So Delicious Dairy Free, Danone SA, Forager Project, Blue Diamond Growers, Alpro, Provamel, Cashew Dream, etc. The trending factors are the strategic mergers & acquisitions between the supplier of cashews and manufacturers of cashew milk. Key players are focusing on a new product launch for increasing their sales. For example, Pacific Food added many tempting flavours in cashew milk like vanilla, original, vanilla unsweetened, original unsweetened, etc. for adding extra taste in this nutritional drink.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
- Forager Project
- Blue Diamond Growers
- Alpro
- Plenish Cleanse Limited
- White Wave Services, Inc.
- So Delicious Dairy Free
- Danone SA
- Provamel
- Cashew Dream
MARKET, BY TYPE
- Flavored Cashew Milk
- Plain Cashew Milk
MARKET, BY DISTRIBUTION CHANNEL
- Supermarkets/hypermarkets
- Convenience stores
- Online
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. CASHEW MILK MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Distribution Channel
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. CASHEW MILK KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. CASHEW MILK INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. CASHEW MILK MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. CASHEW MILK MARKET – BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
6.2. Flavored Cashew Milk
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Plain Cashew Milk
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. CASHEW MILK MARKET – BY DISTRIBUTION CHANNEL
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
7.2. Supermarkets/hypermarkets
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Convenience stores
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Online
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. CASHEW MILK MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Cashew Milk Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Cashew Milk Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.2.5. North America Cashew Milk Market Size and Forecast, By Distribution Channel, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Cashew Milk Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Cashew Milk Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.3.5. Europe Cashew Milk Market Size and Forecast, By Distribution Channel, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Cashew Milk Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Cashew Milk Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Cashew Milk Market Size and Forecast, By Distribution Channel, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Cashew Milk Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Cashew Milk Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.5.5. Latin America Cashew Milk Market Size and Forecast, By Distribution Channel, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Cashew Milk Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Cashew Milk Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Cashew Milk Market Size and Forecast, By Distribution Channel, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Forager Project
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Form Benchmarking
9.1.4. Strategic Initiatives
9.2. Blue Diamond Growers
9.3. Alpro
9.4. Plenish Cleanse Limited
9.5. White Wave Services, Inc.
9.6. So Delicious Dairy Free
9.7. Danone SA
9.8. Provamel
9.9. Cashew Dream
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Assumptions
11.3. References
11.4. Abbreviations
11.5. Disclaimer
11.6. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Cashew Milk market: Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Cashew Milk market, by Type 2015-2026 (USD Million)
TABLE Cashew Milk market: Distribution Channel Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Distribution Channel
TABLE Global Cashew Milk market, by Distribution Channel 2015-2026 (USD Million)
TABLE Cashew Milk market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Cashew Milk market, by Region 2015-2026 (USD Million)
TABLE North America Cashew Milk market, by Country, 2015-2026 (USD Million)
TABLE North America Cashew Milk market, by Type, 2015-2026 (USD Million)
TABLE North America Cashew Milk market, by Distribution Channel, 2015-2026 (USD Million)
TABLE Europe Cashew Milk market, by country, 2015-2026 (USD Million)
TABLE Europe Cashew Milk market, by Type, 2015-2026 (USD Million)
TABLE Europe Cashew Milk market, by Distribution Channel, 2015-2026 (USD Million)
TABLE Asia Pacific Cashew Milk market, by country, 2015-2026 (USD Million)
TABLE Asia Pacific Cashew Milk market, by Type, 2015-2026 (USD Million)
TABLE Asia Pacific Cashew Milk market, by Distribution Channel, 2015-2026 (USD Million)
TABLE Latin America Cashew Milk market, by country, 2015-2026 (USD Million)
TABLE Latin America Cashew Milk market, by Type, 2015-2026 (USD Million)
TABLE Latin America Cashew Milk market, by Distribution Channel, 2015-2026 (USD Million)
TABLE Middle East and Africa Cashew Milk market, by country, 2015-2026 (USD Million)
TABLE Middle East and Africa Cashew Milk market, by Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Cashew Milk market, by End Use, 2015-2026 (USD Million)
List of Figures
FIGURE Cashew Milk market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2019 & 2026
FIGURE Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Flavoured market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Plain market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Distribution Channel segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Supermarkets/hypermarkets market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Convenience stores market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Online market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Cashew Milk market share and leading players, 2018
FIGURE Europe Cashew Milk market share and leading players, 2018
FIGURE Asia Pacific Cashew Milk market share and leading players, 2018
FIGURE Latin America Cashew Milk market share and leading players, 2018
FIGURE Middle East and Africa Cashew Milk market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Cashew Milk market share analysis by country, 2018
FIGURE Germany Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Cashew Milk market share analysis by country, 2018
FIGURE India Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Cashew Milk market share analysis by country, 2018
FIGURE Brazil Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Cashew Milk market share analysis by country, 2018
FIGURE Saudi Arabia Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Cashew Milk market size, forecast and trend analysis, 2015 to 2026 (USD Million)
