According to the report titled, ‘Global Cashew Milk Market Size study, by Type (Plain and Flavored), by Application (Supermarkets/Hypermarkets, Convenience Stores and Online) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global cashew milk market is anticipated to grow considerably over 2021-2027.
 

As per the report findings, the growth of global cashew milk market can be credited to the surging number of lactose intolerant customers and increasing product launches by well-known companies. In 2019 for instance, Brazilian company Benni Alimentos Saudaveis launched its cashew milk powder having a shelf life of 2 years.
 

Request Sample Copy of This Report: https://www.marketstudyreport.com/request-a-sample/4219721/
 

Similarly, The Sweet Fix collaborated with Goodmylk in September 2021 to introduce a new skin nourishing product, Mylky Way Deep Pore Cleansing Mylk.
 

For the unversed, cashew milk is a non-diary product which is lactose free and enriched with vitamins, phosphorous, magnesium, iron, and zinc.
 

Rising milk consumption, flourishing food & beverage sector, increasing vegan population, and escalating demand for milk protein in daily lifestyle are also augmenting industry outlook. On the contrary, high product price is likely to slow down the progression of the marketplace in the ensuing years.
 

By type, global cashew milk market is bifurcated into plain and flavored whereas, classification based on application includes supermarkets/hypermarkets, online, and convenience stores.
 

Considering the geographical ambit, the market is split into Latin America, Europe, North America, and Asia Pacific. Among these, North America presently holds a major market share, primarily due to easy availability of cashew milk and surging vegan population.
 

Meanwhile Asia Pacific market is projected to amass notable gains during 2021-2027, owing to increasing introduction of plant-based milk products, rising health consciousness, and growing investments by private companies in the region.
 

Alpro, Danone SA, Cashew Dream, Blue Diamond Growers, So Delicious Dairy Free, Nutty Life LLC, Plenish Cleanse Ltd, Provamel, Forager Project, LLC, and White Wave Services, Inc are the major players operating in global cashew milk market.
 

The aforementioned industry players are undertaking various strategies including mergers & acquisitions, collaboration, new product launches along with R&D initiatives to strengthen their position in the market and amplify significant returns.