The North America Cashew Milk Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030).
Cashew milk is particularly well-liked by those who are lactose intolerant or favor a plant-based diet because it offers several nutritional benefits. The absence of lactose in cashew milk makes it a good option for people allergic to dairy products. Unlike dairy milk, cashew milk is naturally low in saturated fats and cholesterol-free. Instead, it is a great source of oleic acid, also included in olive oil and other heart-healthy unsaturated fats.
Cashew milk is an excellent alternative for preserving cardiovascular health and reducing the risk of stroke and coronary heart disease because of its composition. Additionally, a fantastic provider of essential nutrients is cashew milk. It contains considerable B vitamins, including thiamine, riboflavin, and niacin, essential for producing energy and maintaining overall wellness. Additionally, cashew milk contains minerals like magnesium and copper that support many biological functions, like enzyme activity, bone health, and neuron function.
In the North America region, lactose intolerance is on the rise, which has increased the demand for lactose-free products like cashew milk. As a result, there is an increase in demand for products in the nation that don’t contain lactose. Besides this, due to rising health concerns among Native Americans, consumers are switching from regular dairy to lactose-free dairy as a preventative step. In addition, the consumers in the region have high disposable income which makes lactose free products affordable for them. All these factors would cause the market in North America to expand.
The US market dominated the North America Cashew Milk Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $29,206.5 Thousands by 2030. The Canada market is experiencing a CAGR of 11.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.8% 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 U.S., Mexico, Canada, and Rest of North America.
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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