Increasing Vegan and Vegetarian Population to Boost Cashew Milk Sales – VEGWORLD Magazine

A market report published by Transparency Market Research onthe cashew milk market includes the global industry analysis and opportunityassessment for2019-2029.Revenue generated from the globalcashew milkmarketwas estimated to be valued at~US$ 91 Mnin2019, which is projected to rise at aCAGR of7%, to reach ~US$ 193 Mnby2029.

Cashew milk is a non-dairy beveragemanufactured from whole cashew nut and water. The cashew milk has a creamy andrich consistency. It is loaded with vitamins, minerals, healthy fats, and otherbeneficial plant compounds. Cashew milk is available in regular and flavoredvarieties and can replace cows milk in most recipes. It also helps in boostingimmunity and improves heart, eye, and skin health.

ConcernsRegarding Food Safety Making Consumers Drift Toward Cashew Milk

Consumers are opting for safer plant-based beverages due tothe rising food safety concerns associated with the usage of hormones andantibiotics in dairy-based products.

According to a report by The Humane Society of the UnitedStates (HSUS), there is a growing demand for animal-based products without anytrace of antibiotics or hormones. The increasing use of antibiotics andhormones may adversely affect human and animal health. Thus, several leadingfood companies are implementing policies to eradicate or lessen the use intheir supply chains. For instance, popular brands such as Starbucks, PaneraBread, Chipotle, and McDonalds, are switching to plant-based alternatives.

Consumers are turning toward a healthier lifestyle and areinclining towards vegan or vegetarian diets. People mention one or more ofthree key reasons for going vegan or vegetarian personal health, animalwelfare, and environmental concerns. This is accompanied by a never-endingarray of new business startups, YouTube channels, popular events, anddocumentaries, all in some way or the other promoting the health benefits ofplant-based alternatives.

In2018,Just Eat, an international delivery service said that veganism tops theconsumer trend, due to a94%risein healthy food ordered.

According to research commissioned by the Vegan Society andVegan Life magazine in the year2016,the number of people who follow a vegan diet in the U.K. increased to350%as compared to the past 10years. Owing to these factors, the cashew milk market is expected to witnesspositive growth over the forecast period.

Major PlayersInvesting in Smaller Plant-Based Brands and Companies

Several consumers continue to be interested in morenutritious and healthy food offerings. Across the globe, buyers areincreasingly demanding natural and nutritious products. Consumers are cuttingback on certain foods that are typically high in sugar, fat, or sodium.Consumers are accepting basic mind-set, concentrating on simple ingredients andless processed foods. More than half of the consumers say that they areavoiding artificial ingredients, antibiotics or hormones, bisphenol A (BPA), andgenetically modified organisms (GMOs).

To know more about this research report, pleasevisit our latest research report on

About Transparency Market Research

TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Their exclusive blend ofquantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Their experienced team of Analysts,Researchers, and Consultants, use proprietary data sources and various toolsand techniques to gather and analyze information.

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Increasing Vegan and Vegetarian Population to Boost Cashew Milk Sales - VEGWORLD Magazine

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