For instance, manufacturer of plant-based food products, Benni Alimentos, announced the launch of soluble cashew milk powder to meet consumer requirements for plant-based milk alternatives. To understand how our report can bring difference to your business strategy, Ask for a brochure High Demand for Soluble Cashew Milk Powder Due to Increased Shelf LifeĪpart from leading players, even startups are capitalizing on the trend of plant-based and non-dairy food items. Stakeholders in the value chain are increasing their portfolio in non-dairy products such as cashew milk-, almond milk-, and coconut milk-based frozen desserts.
Another trend engulfing the cashew milk market is the demand for frozen desserts. Individuals with deficiencies of vitamin B2 and B12 are increasingly opting for cashew milk. For instance, Sanitarium-a health and wellbeing company, excels in the production of cashew milk, which is gluten and cholesterol free.Īn alarming rate of deaths caused due to high cholesterol in patients has fueled the demand for low-fat milk such as cashew milk. Thus, companies are capitalizing on this trend and are developing cashew milk that is gluten free. Companies in the cashew milk market are gaining prominence in the F&B sector, since cashew milk is gradually replacing conventional dairy milk among several consumers. Its low fat and low in sugar attributes are catching the attention of consumers. Likewise, cashew milk is being highly publicized as a plant-based beverage rich in calcium.
Cashew plant milk drivers#
Several drivers such as the emergence of plant-based foods is helping to contribute toward market growth. Request a sample to get extensive insights into the Cashew Milk Market Winning Imperatives: Plant-based and Non-dairy Products
Cashew plant milk driver#
Another driver that is triggering the growth of the cashew milk market is high prevalence of lactose-intolerant consumers. Stakeholders are adopting strategies to create a demand for ‘limited-time-only’ cashew milk-based bakery items, such as vegan chocolate chip cookie dough toppings.
Stakeholders are increasing efforts to strike the right balance between health and indulgence to meet niche requirements of consumers.Īs a result of collaborations, the cashew milk market is currently valued at ~ US$ 91 Mn and is estimated to surpass the ~ US$ 193 Mn by the end of 2029. For instance, New York-based restaurant chain 16 Handles, announced the launch of their new line of vegan soft serve flavors, including their latest cashew milk-based flavor, made from proprietary recipes and natural ingredients. Hence, stakeholders in the cashew milk market are tapping opportunities in dairy goods to meet consumer requirements. Health advantages of veganism are increasingly catching the attention of pro-health consumers. Cashew Milk-based Dairy and Bakery Items Cater to Niche Requirements of Consumers
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