Latest TMR Report Explores Impact of COVID-19 Outbreak on Cashew Milk Market
Cashew Milk Market: Introduction
A market report published by Transparency Market Research on the cashew milk market includes the global industry analysis and opportunity assessment for 2019-2029. Revenue generated from the global cashew milk market was estimated to be valued at ~US$ 91 Mn in 2019, which is projected to rise at a CAGR of 7%, to reach ~US$ 193 Mn by 2029.
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Cashew milk is a non-dairy beverage manufactured from whole cashew nut and water. The cashew milk has a creamy and rich consistency. It is loaded with vitamins, minerals, healthy fats, and other beneficial plant compounds. Cashew milk is available in regular and flavored varieties, and can replace cow’s milk in most recipes. It also helps in boosting immunity and improves heart, eye, and skin health.
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https://www.prnewswire.com/news-releases/growing-preference-for-organic-healthful-products-to-propel-organic-wine-market-forward-from-2020-to-2030-tmr-301078525.html
According to a report by The Humane Society of the United States (HSUS), there is a growing demand for animal-based products without any trace of antibiotics or hormones. The increasing use of antibiotics and hormones may adversely affect human and animal health. Thus, several leading food companies are implementing policies to eradicate or lessen the use in their supply chains. For instance, popular brands such as Starbucks, Panera Bread, Chipotle, and McDonald’s, are switching to plant-based alternatives.
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Major Players Investing in Smaller Plant-Based Brands and Companies
Several consumers continue to be interested in more nutritious and healthy food offerings. Across the globe, buyers are increasingly demanding natural and nutritious products. Consumers are cutting back on certain foods that are typically high in sugar, fat, or sodium. Consumers are accepting a basic mind-set, concentrating on simple ingredients and less processed foods. More than half of the consumers say that, they are avoiding artificial ingredients, antibiotics or hormones, bisphenol A (BPA), and genetically modified organisms (GMOs).
In response to the consistently rising demand for healthy beverages, several beverage manufacturing companies are focusing on R&D and innovations in technology. Reducing the amount of salt, sugar, and sodium is an objective being followed by numerous food companies.
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