Cashew Milk Market Size to Grow by USD 59.35 Million, Rising Cases of Lactose Intolerance and Allergies to Boost Growth - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The cashew milk market size is expected to grow by USD 59.35 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6.9% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Free Sample Report.

Cashew Milk Market 2022-2026: Market Drivers

The rising prevalence of lactose intolerance and allergies associated with soy, hazelnut, and almond milk is driving market growth. The number of people with lactose intolerance is rising in European countries such as Italy, Spain, Germany, Turkey, France, Poland, and the UK. Thus, the demand for lactose-free products is increasing at a fast pace. Plant-based milk, such as cashew milk, is an alternative to cow's milk. With a rise in the number of lactose-intolerant people, the demand for cashew milk is anticipated to grow at a fast pace during the forecast period. Almonds contain proteins such as amandine, which has been identified as an allergen. Hence, consumers avoid purchasing almond-based, soy-based, and hazelnut-based milk. This reduces the competition for vendors of cashew milk. Such factors can fuel the growth of the global cashew milk market during the forecast period.

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Cashew Milk Market 2022-2026: Segmentation

• Distribution Channel
• Supermarkets/hypermarkets: The supermarkets/hypermarkets segment will be a significant contributor to market growth during the forecast period. Supermarkets and hypermarkets are the most effective mode of distribution. They provide customers with the advantage of examining food and beverage products in person. In developing countries such as India and China, cashew milk is mainly sold through supermarkets and hypermarkets.
• Convenience Stores
• Online
• Geography 
• North America: North America will account for 45% of the market's growth during the forecast period. This growth is attributed to factors such as the rising prevalence of lactose intolerance and allergies associated with soy, hazelnut, and almond milk. However, market growth in this region will be slower than the growth of the market in other regions. The US and Canada are the key countries for the cashew milk market in North America.
• Europe
• APAC
• Middle East And Africa
• South America

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Cashew Milk Market 2022-2026: Scope

The cashew milk market report covers the following areas:

• Cashew Milk Market size
• Cashew Milk Market trends
• Cashew Milk Market industry analysis

This study identifies the growing demand for sugar-free and organic cashew milk as one of the prime trends in the cashew milk market. The rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk have been instrumental in driving the growth of the market. However, the availability of substitutes might hamper the market growth.

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Cashew Milk Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the cashew milk market, including Blue Diamond Growers, Britvic Plc, Califia Farms LLC, Campbell Soup Co., Danone SA, Earths Own Food Co. Inc., Elmhurst Milked Direct LLC, Goodmylk, Nayagreens, Nutriops S.L, Nutty life LLC, PureHarvest, RITA Food and Drink Co. Ltd., Riverford Organic Farmers Ltd., SunOpta Inc., The Hain Celestial Group Inc., and Village Juicery are some of the major market participants.

Cashew Milk Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist cashew milk market growth during the next five years
• Estimation of the cashew milk market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the cashew milk market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cashew milk market vendors

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Macadamia Milk Market by Type and Geography - Forecast and Analysis 2022-2026: The macadamia milk market share is expected to increase by USD 1.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.92%. This report extensively covers segmentation by type (conventional and organic) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Skimmed Milk Market by Application and Geography - Forecast and Analysis 2022-2026: The skimmed milk market share is expected to increase by USD 4.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.41%. This report extensively covers segmentation by application (bakery and confectionaries, dairy, prepared mixes, and others) and geography (Europe, APAC, North America, South America, and Middle East and Africa).

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Table Of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 Supermarkets/Hypermarkets - Market size and forecast 2021-2026
• Exhibit 28: Chart on Supermarkets/Hypermarkets - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Supermarkets/Hypermarkets - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Supermarkets/Hypermarkets - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Supermarkets/Hypermarkets - Year-over-year growth 2021-2026 (%)

• 5.4 Convenience Stores - Market size and forecast 2021-2026
• Exhibit 32: Chart on Convenience Stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Convenience Stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Convenience Stores - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Convenience Stores - Year-over-year growth 2021-2026 (%)

• 5.5 Online - Market size and forecast 2021-2026
• Exhibit 36: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Distribution Channel
• Exhibit 40: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Blue Diamond Growers
• Exhibit 93: Blue Diamond Growers - Overview
• Exhibit 94: Blue Diamond Growers - Product / Service
• Exhibit 95: Blue Diamond Growers - Key offerings

• 10.4 Britvic Plc
• Exhibit 96: Britvic Plc - Overview
• Exhibit 97: Britvic Plc - Business segments
• Exhibit 98: Britvic Plc - Key offerings
• Exhibit 99: Britvic Plc - Segment focus

• 10.5 Califia Farms LLC
• Exhibit 100: Califia Farms LLC - Overview
• Exhibit 101: Califia Farms LLC - Product / Service
• Exhibit 102: Califia Farms LLC - Key offerings

• 10.6 Campbell Soup Co.
• Exhibit 103: Campbell Soup Co. - Overview
• Exhibit 104: Campbell Soup Co. - Business segments
• Exhibit 105: Campbell Soup Co. - Key offerings
• Exhibit 106: Campbell Soup Co. - Segment focus

• 10.7 Danone SA
• Exhibit 107: Danone SA - Overview
• Exhibit 108: Danone SA - Business segments
• Exhibit 109: Danone SA - Key news
• Exhibit 110: Danone SA - Key offerings
• Exhibit 111: Danone SA - Segment focus

• 10.8 Earths Own Food Co. Inc.
• Exhibit 112: Earths Own Food Co. Inc. - Overview
• Exhibit 113: Earths Own Food Co. Inc. - Product / Service
• Exhibit 114: Earths Own Food Co. Inc. - Key offerings

• 10.9 Elmhurst Milked Direct LLC
• Exhibit 115: Elmhurst Milked Direct LLC - Overview
• Exhibit 116: Elmhurst Milked Direct LLC - Product / Service
• Exhibit 117: Elmhurst Milked Direct LLC - Key offerings

• 10.10 RITA Food and Drink Co. Ltd.
• Exhibit 118: RITA Food and Drink Co. Ltd. - Overview
• Exhibit 119: RITA Food and Drink Co. Ltd. - Product / Service
• Exhibit 120: RITA Food and Drink Co. Ltd. - Key offerings

• 10.11 SunOpta Inc.
• Exhibit 121: SunOpta Inc. - Overview
• Exhibit 122: SunOpta Inc. - Business segments
• Exhibit 123: SunOpta Inc. - Key offerings
• Exhibit 124: SunOpta Inc. - Segment focus

• 10.12 The Hain Celestial Group Inc.
• Exhibit 125: The Hain Celestial Group Inc. - Overview
• Exhibit 126: The Hain Celestial Group Inc. - Business segments
• Exhibit 127: The Hain Celestial Group Inc. - Key news
• Exhibit 128: The Hain Celestial Group Inc. - Key offerings
• Exhibit 129: The Hain Celestial Group Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 130: Inclusions checklist
• Exhibit 131: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 132: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 133: Research methodology
• Exhibit 134: Validation techniques employed for market sizing
• Exhibit 135: Information sources

• 11.5 List of abbreviations
• Exhibit 136: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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