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The cashew milk market size is forecast to increase by USD 16.6 million at a CAGR of 2.12% between 2023 and 2028. The market is experiencing significant growth due to rising cases of lactose intolerance and allergies associated with traditional dairy and alternative milk sources like soy, hazelnut, and almond. Consumers are increasingly opting for plant-based milk options, leading to a swell in demand for cashew milk. Additionally, the preference for sugar-free and organic cashew milk is on the rise, as health-conscious consumers seek out clean-label, natural beverages. Innovation is a key trend in the market, with companies introducing new flavors and functional additives to cater to diverse consumer preferences. Protein shakes and healthy beverages infused with cashew milk are gaining popularity, particularly among fitness enthusiasts. Cashew milk manufacturers are responding to this trend by adopting sustainable packaging solutions. Furthermore, functional additives like collagen peptides, probiotics, and adaptogens are being added to cashew milk to enhance its nutritional value and appeal to health-conscious consumers.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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