The Global Cashew Milk Market size is expected to reach USD 53.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% from 2019 to 2025. Growing awareness regarding benefits of cashew milk such as weight loss, strengthening of immunity, beneficial for lever health, and antioxidant support. Moreover, it reduces the risk of heart diseases, lowers the cholesterol level, improves digestive system, and treats inflammation, thereby driving the demand for the product.
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Growing penetration of cashew milk as a diary alternative is attributed to increasing number of individuals with lactose intolerance. Moreover, rising health consciousness among the consumers and growing demand for high nutrition and reduced fat beverages are expected to drive the market in the coming years. Companies are spending on research and development to distribute the product through emerging online channels and make it feasible for the consumers to consume it.