According to a new report, published by KBV research, The Global Cashew Milk Market size is expected to reach $129.4 million by 2030, rising at a market growth of 9.9% CAGR during the forecast period.
The Supermarket segment is leading the Global Cashew Milk Market by Distribution Channel in 2022; thereby, achieving a market value of $68.4 million by 2030. Supermarkets greatly influence the widespread availability of cashew milk among customers. They have the infrastructure and distribution channels to make cashew milk widely available, allowing customers to simply buy it during weekly shopping visits. To highlight the advantages and adaptability of their products, supermarkets frequently participate in marketing and promotional events.
The Flavored segment would register a CAGR of 10.6% during (2023 - 2030). There is increasing availability of cashew milk in the market with tastes including coffee, vanilla, coconut, cinnamon, and others. Flavored cashew milk is consumed more often due to evolving tastes and preferences. Market vendors sell cashew milk in a variety of flavors, including salted caramel, silk vanilla, and strawberry.
The North America region dominated the Global Cashew Milk Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $44.6 million by 2030. The Europe market is poised to grow at a CAGR of 9.7% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 10.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/cashew-milk-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Blue Diamond Growers, Inc., Danone S.A., Edward & Sons Trading Co., Inc., Nutty life, LLC., ProVeg e.V., SunOpta, Inc., Earth's Own Food Company, Inc., Plenish Cleanse Ltd. (Britvic PLC) and The Gentle Nut.
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Companies Profiled
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