Cashew Milk Market Size, Share & Industry Analysis 2033

Cashew Milk Market was valued at USD 91 million in 2022 and is projected to reach USD 163.42 million by 2032, growing at a CAGR of 5.0% from 2022 to 2032
 
NEW CITY, N.Y. - Dec. 30, 2022 - PRLog -- Cashew milk is one of the most popular plant-based milks on the market today. Its popularity has grown in recent years due to its creamy and nutty flavor, as well as its health benefits. Cashew milk is a great dairy-free alternative for people with lactose intolerance, as well as those looking to reduce their animal product consumption.

The Cashew Milk market is booming as health-conscious consumers look for innovative dairy alternatives. The dairy alternative industry has seen a significant uptick in recent years and cashew milk, specifically, has been gaining traction in the segment.

Market drivers: Growing consumer awareness about the health benefits of cashew milk is driving this market. These include improved heart health, iron deficiency and blood sugar control, skin health, and eye health. Cashew milk has many other benefits, including lowering cholesterol, blood coagulation, anti-cancer properties and providing minerals and protein. It is easy to digest and is high in omega-6 fat acids, making it a popular product. People who are lactose-intolerant are the main consumers of cashew milk and other dairy alternatives. Cashew milk is available in many different qualities and features from many businesses. The So Delicious Co offers cashew milk with a variety of qualities and features, including non-GMO, soy free, gluten-free.

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Market Restrictions: There are a few factors that can cause growth barriers in the market for cashew milk. High processing costs such as freeze-drying, cold press technology and spray drying are expected to limit the growth of the cashew milk market. High packaging costs are further hindering the growth of cashew milk. Cashew milk is less calorie-dense than dairy products and contains less protein. It also has a lower level of calcium, as it does not contain certain elements such as calcium if it isn't fortified. These factors have a negative impact on the growth of the market for cashew milk.

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Industry:Food
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