The Asia Pacific Cashew Milk Market would witness market growth of 10.3% CAGR during the forecast period (2023-2030).
A significant amount of protein, essential fatty acids, carbohydrates, unsaturated fats, and minerals are included in cashew milk. Due to its many health advantages, cashew milk is becoming increasingly popular. These advantages include antioxidant activity, diabetic control, bone health promotion, blood cholesterol reduction, and blood pressure reduction. These elements are expected to increase consumer demand for cashew milk.
As a healthy and natural alternative, cashew milk has the potential to claim a sizable portion of this developing market. Cashew milk is renowned for having a wide range of nutrients. It has a low caloric count, includes excellent fats, and is an excellent source of antioxidants, vitamins, and minerals. These characteristics make cashew milk desirable for people seeking a wholesome milk substitute. Cashew milk is a flexible ingredient for many applications since it has a creamy texture and a mild nutty flavor. Cashew milk's distinctive sensory experience may be a factor in its rising popularity. The market for non-dairy substitutes like cashew milk is projected to expand as the number of people with these dietary limitations rises.
National standards serve as the industry’s most fundamental point of reference and mandate the fundamental quality, safety, and technical standards during the sourcing of raw materials, production, labeling, post-market supervision, etc. These standards are intended to ensure complete product lifecycle oversight as well as comprehensive safety and quality confirmation throughout the supply chain. Also, some of the bigger businesses in China have their own, stricter criteria than the ones set by the government. These standards suggest that the products available in the region are safe to consume. Owing to these factors, the demand for cashew milk would increase.
The China market dominated the Asia Pacific Cashew Milk Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,193.9 Thousands by 2030. The Japan market is registering a CAGR of 9.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Supermarket, Retail Stores, and Online. Based on Product Type, the market is segmented into Plain and Flavored. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cashew Milk Market is Projected to reach USD 129.4 Million by 2030, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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