Cashew Milk Market Size, Share & Trends Analysis Report By Type (Plain, Flavored), By Distribution Channel (Supermarkets/Hypermarkets, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global cashew milk market size is expected to reach USD 53.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% from 2019 to 2025. Growing awareness regarding benefits of cashew milk such as weight loss, strengthening of immunity, beneficial for lever health, and antioxidant support. Moreover, it reduces the risk of heart diseases, lowers the cholesterol level, improves digestive system, and treats inflammation, thereby driving the demand for the product.

Growing penetration of cashew milk as a diary alternative is attributed to increasing number of individuals with lactose intolerance. Moreover, rising health consciousness among the consumers and growing demand for high nutrition and reduced fat beverages are expected to drive the market in the coming years. Companies are spending on research and development to distribute the product through emerging online channels and make it feasible for the consumers to consume it.

Plain milk held the largest share of 72.7% in 2018. High demand for plant based milk in the creamy fluid texture due to increasing health consciousness is driving the segment. Flavored milk is expected to expand at the fastest CAGR of 5.3% over the forecast period. Changing taste and preferences are resulting in high consumption of flavored milk. For instance, White Wave Foods Company launched silk vanilla cashew milk under Non-GMO project with special creaminess and no preservatives.

Online distribution channel is expected to expand at the fastest CAGR of 5.7% over the forecast period. Companies are tying up with online retailers as well as introducing their e-portals such as Alibaba, Amazon, Walmart, Big basket, nature's basket, luckyvitamin.com, and delights food (India). For instance, So Delicious Co. has tied up with Amazon to distribute its product and reach a vast consumer base.

North America was the largest regional market with a revenue of USD 12.9 million in 2018 and is expected to maintain its lead over the forecast period. Companies are engaging themselves into development and new product launches owing to growing trend of consumption of nutrients, vitamins, and proteins. For instance, So Delicious Co. provides unsweetened cashew milk beverage through various distribution channels in order to cater to the vast consumer base.

Key players in the market include White Wave Services Inc.; Forager Project; Provamel; Plenish Cleanse Ltd.; Nutty life, LLC.; So Delicious Dairy Free; Blue Diamond Growers; Cashew Dream; Danone SA; and Alpro.

Further key findings from the report suggest:

• By type, plain cashew milk led the global market with a share of 72.7% in 2018

• North America dominated the market in 2018 with a revenue of USD 12.9 million in 2018. This trend is projected to continue over the next few years

• APAC is anticipated to witness high demand on account of increase in awareness and change in lifestyle

• The cashew milk market is highly competitive in nature with the main players including White Wave Services Inc.; Forager Project; Provamel; Plenish Cleanse Ltd.; and Nutty life, LLC

• Various manufacturers are concentrating on new product launches and capacity expansion in order to estimate existing and future demand patterns from upcoming product segments.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights

Chapter 3. Cashew Milk Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Cashew Milk Market
                  3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Type Adoption 
                  4.4. Observations & Recommendations

Chapter 5. Cashew Milk Market: Type Estimates & Trend Analysis
                  5.1. Type Movement Analysis & Market Share, 2018 & 2025
                  5.2. Plain cashew milk
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Flavoured cashew milk
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Cashew Milk Market: Distribution Channel Estimates & Trend Analysis
                  6.1. Distribution channel Movement Analysis & Market Share, 2018 & 2025
                  6.2. Supermarkets/Hypermarkets
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Convenience stores
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.4. Online 
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Cashew Milk Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  7.2. North America
                      7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.2.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                      7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.2.4. U.S.
                          7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.2.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.3. Europe
                      7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.3.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                      7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million))
                      7.3.4. U.K.
                          7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.3.5. Germany
                          7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                      7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.4.4. China 
                          7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.4.5. India
                          7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.5. Central & South America
                      7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                      7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.5.4. Brazil
                          7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.6. Middle East & Africa (MEA)
                      7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                      7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      7.6.4. UAE
                          7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.6.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                          7.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                  8.1. Key global players, recent developments & their impact on the industry
                  8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  8.3. Vendor Landscape
                      8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                  9.1. So Delicious Dairy Free
                      9.1.1. Company Overview
                      9.1.2. Financial Performance
                      9.1.3. Type Benchmarking
                      9.1.4. Strategic Initiatives
                  9.2. White Waves Food Company
                      9.2.1. Company Overview
                      9.2.2. Financial Performance
                      9.2.3. Type Benchmarking
                      9.2.4. Strategic Initiatives
                  9.3. Blue Diamond Growers
                      9.3.1. Company Overview
                      9.3.2. Financial Performance
                      9.3.3. Type Benchmarking
                      9.3.4. Strategic Initiatives
                  9.4. Forager Project
                      9.4.1. Company Overview
                      9.4.2. Financial Performance
                      9.4.3. Type Benchmarking
                      9.4.4. Strategic Initiatives
                  9.5. Provamel 
                      9.5.1. Company Overview
                      9.5.2. Financial Performance
                      9.5.3. Type Benchmarking
                      9.5.4. Strategic Initiatives
                  9.6. Nutty life, LLC. 
                      9.6.1. Company Overview
                      9.6.2. Financial Performance
                      9.6.3. Type Benchmarking
                      9.6.4. Strategic Initiatives
                  9.7. Plenish Cleanse Ltd.
                      9.7.1. Company Overview
                      9.7.2. Financial Performance
                      9.7.3. Type Benchmarking
                      9.7.4. Strategic Initiatives
                  9.8. Cashew Dream
                      9.8.1. Company Overview
                      9.8.2. Financial Performance
                      9.8.3. Type Benchmarking
                      9.8.4. Strategic Initiatives
                  9.9. Danone SA
                      9.9.1. Company Overview
                      9.9.2. Financial Performance
                      9.9.3. Type Benchmarking
                      9.9.4. Strategic Initiatives
                  9.10. Aplro
                      9.10.1. Company Overview
                      9.10.2. Financial Performance
                      9.10.3. Type Benchmarking
                      9.10.4. Strategic Initiatives

List of Tables

1. Cashew Milk - Key market driver analysis
2. Cashew Milk - Key market restraint analysis
3. Global Cashew Milk plain market estimates and forecast, 2015 - 2025 (USD Million)
4. Global Cashew Milk flavored market estimates and forecast, 2015 - 2025 (USD Million)
5. Global Cashew Milk market estimates and forecast of supermarkets/hypermarkets , 2015 - 2025 (USD Million)
6. Global Cashew Milk market estimates and forecast for convenience stores, 2015 - 2025 (USD Million)
7. Global Cashew Milk market estimates and forecast for online, 2015 - 2025 (USD Million)
8. North America Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
9. North America Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
10. North America Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
11. U.S. Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
13. U.S. Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. Europe Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
16. Europe Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. Germany Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
19. Germany Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
20. U.K. Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
21. U.K. Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
22. U.K. Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
23. Asia Pacific Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
24. Asia Pacific Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
25. Asia Pacific Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. China Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
27. China Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
28. China Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
29. India Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
30. India Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
31. India Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
32. Central & South America Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
33. Central & South America Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
34. Central & South America Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
35. Brazil Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
36. Brazil Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
37. Brazil Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. MEA Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
39. MEA Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
40. MEA Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
41. UAE Cashew Milk market estimates and forecast, 2015 - 2025 (USD Million)
42. UAE Cashew Milk market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
43. UAE Cashew Milk market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
44. Vendor landscape

List of Figures

1. Cashew Milk market snapshot 
2. Cashew Milk market segmentation & scope
3. Cashew Milk market penetration & growth prospect mapping
4. Cashew Milk value chain analysis
5. Cashew Milk market dynamics
6. Cashew Milk market Porter's analysis 
7. Cashew Milk market: Type movement analysis 
8. Cashew Milk market: Distribution Channel movement analysis 
9. Cashew Milk market: Regional movement analysis