Cashew nuts

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Beverages

Cashew Milk to Represent $207.7M of Plant-Based Milk Market by End of 2022

Cashew milk products are becoming more popular globally, attracting consumer appeal due to its low sugar and fat content. North America held a commanding 40% share in 2021 and the Chinese market is also increasing. According to a recent report, the cashew milk market is set to grow at a CAGR of 6.3% between now and 2033 and is estimated to acquire approximately $207.7  million of the entire plant-based milk market by the end of this year. Hypermarkets and supermarkets are expected to contribute a significant revenue share and ecommerce is set to continue its growth worldwide. Demand for frozen desserts is also driving the cashew milk market, as non-dairy products continue to be added to the portfolios of value chain stakeholders. Alpro offers a …

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