Cashew Milk Market – Future forecasts evaluated based on how the market is predicted to grow
Cashew milk is considered an alternative source of natural milk and dairy products due to their nutritional, sensory and functional properties.
PORTLAND, OR, UNITED STATES, December 28, 2021 /EINPresswire.com/ – Cashew milk is a plant-based, non-dairy milky drink obtained from the processing of cashew nuts and water. Processing cashew milk involves processes such as drying, soaking, washing, sieving, extracting, filtering, cooling and storing the final product. Previously, cashew was used to produce cashew oil, alcohol, nut flour, cashew bagasse and others, with the development of innovation and from technology, cashew milk has become a commercial product. Good quality cashew milk has a creamy consistency and is made up of vitamins, minerals, healthy fats, carbohydrates, protein and lactose free. Thus, plant-based dairy products have become an alternative source of milk requirement.
COVID-19 scenario analysis:
The COVID-19 pandemic initially caused the closure of manufacturing units in many countries. Labor shortage due to fear of transmissible coronavirus has caused a loss of production for many companies. The supply chain has been severely disrupted due to the closure of distribution channels such as supermarkets and retail stores, thus income and sales have been faced with a downturn in the cashew milk market. Manufacturing companies faced a shortage of raw materials as the raw material supply chain was interrupted due to reduced mobility. The cashew milk market is expected to increase in terms of sales as the epidemic has altered the purchasing behavior of consumers. Consumers are more inclined to adopt healthy food alternatives to boost their immunity.
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Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
Cashew milk is considered an alternative source of natural milk and dairy products due to their nutritional, sensory and functional properties. Some developing countries lack the required supply of dairy products and face health issues such as malnutrition, so the plant-based alternative to milk is considered beneficial as a substitute. Sufficient availability of cashew nuts, increased health awareness, tendency to strengthen immunity and healthy eating, technological advancements in beverage industries, investment in R&D, improvement of sensory attributes of the product, the availability of variants in terms of flavor, low fat and sugar content, shortage of natural milk, allergies due to lactose intolerance and the use of cashew milk in others products, are key drivers for the growth of the global cashew milk market. However, the high price of the product, low shelf life of cashew milk, nut allergies, and lack of awareness of the product are hampering the growth of the market. Considering that the expansion of the product line, the investment in new technologies, the partnership with the suppliers, the introduction of new cashew nut products such as frozen desserts and flavored cashew milk, the standardization of the quality and the implementation of good manufacturing practices present new avenues in the industry.
Global cashew milk trends are as follows:
Investment in product line
Cashew milk presented a potential vegan alternative for health awareness and meeting daily nutritional needs. The use of cashew milk is not only limited to direct consumption but is also used for the preparation of other milk-based products such as frozen desserts, yogurts, creams, milk powders and others. . Consumer awareness of healthy products has grown day by day and has presented a new way for plant-based dairy products to gain a significant presence in the market. Processed cashew milk contains less fat, fiber, lactose and is fortified with essential vitamins and minerals, making it more reliable and beneficial for people with conditions such as lactose intolerance, heart disorders, the problem of nerve function, high blood pressure, blood sugar and immune health boosts. The major players in the cashew milk market are keen to improve the quality, palatability of the product and consumer satisfaction. Therefore, the introduction of variants such as original cashew milk, unsweetened cashew milk and flavored cashew milk has expanded the product line.
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White Wave, a leading brand in plant-based alternatives, introduced cashew milk and cashew dairy products under the Silk and So Delicious brands, inclined towards trending food categories, sustainable practices, anti hunger and innovation. The main players have improved the quality of products and directed towards sustainable development by introducing non-GMO and vegan products.
Main key players: White Wave Foods, Blue Diamond Growers, Cashew Dream, Danone SA, Nutty Life, Plenish Cleanse Ltd., Forager Project, Provamel, Dream Blends, Alpro, Pacific Foods of Oregon, Elmhurst Milked Direct, Earth’s Own Food Company
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