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    Cashew Milk Market

    ID: MRFR/F-B & N/5883-HCR
    90 Pages
    Snehal Singh
    September 2025

    Cashew Milk Market Research Report Information by Category (Conventional, Organic) Packaging Type (Bottles, Cartons, Others) Distribution Channel (Store Based, Non-store Based) Region (North America, Europe, Asia-Pacific, RoW) — Global Forecast till 2027

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    Cashew Milk Market Infographic
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    Cashew Milk Market Summary

    The global cashew milk market is projected to grow significantly from 133.3 USD Million in 2024 to 600.5 USD Million by 2035.

    Key Market Trends & Highlights

    Cashew Milk Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 14.67% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 600.5 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 133.3 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of plant-based diets due to increasing health consciousness is a major market driver.

    Market Size & Forecast

    2024 Market Size 133.3 (USD Million)
    2035 Market Size 600.5 (USD Million)
    CAGR (2025-2035) 14.67%

    Major Players

    Earth’s Own Food Company Inc. (Canada), Califia Farms (US), Danone S.A. (France), Elmhurst Milked Direct LLC (US), Pacific Foods (US), Forager Project (US), RITA Food & Drink Co. Ltd. (Vietnam), Hain Celestial Group (US), Plenish Cleanse Ltd. (UK), Rude Health (UK)

    Cashew Milk Market Drivers

    Diverse Product Offerings

    The Global Cashew Milk Market Industry is witnessing innovation through diverse product offerings, catering to a wide range of consumer preferences. Manufacturers are introducing flavored cashew milk, fortified options, and ready-to-drink formats, which enhance the appeal of cashew milk to various demographics. This diversification is crucial in attracting not only health-conscious consumers but also those seeking convenient and tasty alternatives to dairy. As a result, the market is expected to grow at a compound annual growth rate of 14.67% from 2025 to 2035. The introduction of new products may stimulate consumer interest and expand market reach.

    Market Growth Projections

    The Global Cashew Milk Market Industry is poised for substantial growth, with projections indicating a market value of 600.5 USD Million by 2035. This anticipated growth is underpinned by a compound annual growth rate of 14.67% from 2025 to 2035. The increasing consumer preference for plant-based alternatives, coupled with rising health consciousness and sustainability trends, suggests a robust market trajectory. As the industry evolves, it is likely to witness innovations in product offerings and distribution strategies, further enhancing its appeal. The projected figures underscore the potential for cashew milk to become a staple in the beverage market.

    Rising Health Consciousness

    The Global Cashew Milk Market Industry is experiencing a surge in demand driven by increasing health consciousness among consumers. As individuals become more aware of the health benefits associated with plant-based diets, cashew milk emerges as a favorable alternative to dairy. Rich in vitamins and minerals, cashew milk is perceived as a healthier option, particularly for those with lactose intolerance or dairy allergies. This trend is reflected in the projected market value of 133.3 USD Million in 2024, indicating a growing preference for nutritious beverages. The shift towards healthier lifestyles is likely to sustain the industry's growth trajectory in the coming years.

    Sustainable and Ethical Consumption

    Sustainability is becoming a pivotal factor influencing consumer choices in the Global Cashew Milk Market Industry. As environmental concerns escalate, consumers are increasingly seeking products that align with their values regarding sustainability and ethical sourcing. Cashew milk, often produced with a lower carbon footprint compared to traditional dairy, appeals to eco-conscious consumers. This trend is likely to contribute to the market's expansion, with projections indicating a market value of 600.5 USD Million by 2035. The emphasis on sustainable practices may further enhance brand loyalty and consumer trust, thereby driving sales in the cashew milk sector.

    Growing Vegan and Plant-Based Trends

    The Global Cashew Milk Market Industry is significantly influenced by the growing trends towards veganism and plant-based diets. As more individuals adopt these lifestyles, the demand for dairy alternatives, including cashew milk, is on the rise. This shift is not merely a fad; it reflects a broader societal change towards healthier and more sustainable eating habits. The increasing number of vegan products available in the market is likely to further propel the growth of cashew milk, as consumers seek diverse options. The industry's expansion is indicative of a larger movement towards plant-based consumption, which is expected to continue shaping market dynamics.

    Increased Availability in Retail Channels

    The Global Cashew Milk Market Industry is benefiting from increased availability across various retail channels. Supermarkets, health food stores, and online platforms are expanding their offerings of cashew milk, making it more accessible to consumers. This enhanced distribution network is crucial in meeting the rising demand for plant-based alternatives. As consumers seek convenient purchasing options, the growth of e-commerce is particularly noteworthy. The combination of traditional and online retail strategies is likely to bolster sales, contributing to the overall market growth. The accessibility of cashew milk is expected to play a significant role in shaping consumer purchasing behavior.

    Key Companies in the Cashew Milk Market market include

    Industry Developments

      • In September 2019, Z Natural Foods Company introduced its new product –cashew milk powder. This initiative stood as a break from conventional milk to enable consumers to use mild cashew-flavored milk. The powder is convenient to use and mess-free.
      • In 2016, Danone procured White Wave Foods, an American soy milk manufacturing company for about USD 12 billion. This helped Danone increase the span of its product variety in lactose-free foods.
      • Forager Project, a vegan food product company in San Francisco, launched a few new products – coconut milk and coconut cashew yogurt. This yogurt has exceptional qualities such as creamy texture, high-fat, and delicious yogurt with both coconut and cashew flavors. 
      • In November 2018, Morrisons, the UK-based supermarket chain launched its range of organic vegan kinds of milk, including cashew nut milk. They applied innovative packaging for the kinds of milk to attract their consumers.
      • Benni Alimentos, a Brazilian food & beverage company, introduced its soluble cashew nut milk powder. This vegan milk powder has a shelf-life of up to 2 years.

    Report Outlook

    This report compiles all information about the growth of the global cashew milk market over the forecast period. There are different sections presented that help to get full-fledged information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. All the information is gathered from reliable primary and secondary sources to provide the expected details of the cashew milk market analysis. 

    Report Detail 

      • Historic Period: 2015-2020
      • Base Year: 2020
      • Forecast Period: 2020-2027

    Geographically

      • North America
      • Europe 
      • Asia-Pacific
      • Rest of the world (RoW)

    Future Outlook

    Cashew Milk Market Future Outlook

    The Global Cashew Milk Market is projected to grow at a 14.67% CAGR from 2024 to 2035, driven by rising health consciousness, vegan trends, and innovative product offerings.

    New opportunities lie in:

    • Develop fortified cashew milk products targeting health-conscious consumers.
    • Expand distribution channels through e-commerce platforms and retail partnerships.
    • Invest in sustainable sourcing and eco-friendly packaging to enhance brand loyalty.

    By 2035, the market is expected to achieve substantial growth, solidifying its position as a key player in the dairy alternatives sector.

    Market Segmentation

    Report Outlook

    • Historic Period: 2015-2020
    • Base Year: 2020
    • Forecast Period: 2020-2027
    • North America
    • Europe 
    • Asia-Pacific
    • Rest of the world (RoW)

    Report Scope

    Report Attribute/Metric Details
      Market Size   USD 229.1 million
      CAGR   6.56%
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   by Category, Packaging Type, Distribution Channel and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Earth’s Own Food Company Inc. (Canada),Califia Farms (US),Danone S.A.(France),Elmhurst Milked Direct LLC (US),Pacific Foods (US),Forager Project (US),RITA Food & Drink Co. Ltd. (Vietnam),Hain Celestial Group (US),Plenish Cleanse Ltd. (UK),Rude Health (UK)
      Key Market Opportunities   Cashew milk also has many health benefits
      Key Market Drivers

  • Cashew-based milk has a lot of health benefits
  • growing aware of the need for using dairy-free and plant-based products for their well-being
  • available in several flavors and delicious tastes.
  • Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    Which region will lead the cashew milk market?

    North America will lead the cashew milk market.

    What are the key factors driving the cashew milk market?

    Rising prevalence of lactose intolerance and demand for unsweetened cashew milk are the key factors driving the cashew milk market.

    Who are the key players profiled in the cashew milk market?

    Key players profiled in the cashew milk market include RITA Food & Drink Co., Ltd. (Vietnam), Earth’s Own Food Company Inc. (Canada), Elmhurst Milked Direct LLC (US), Plenish Cleanse Ltd. (UK), Pacific Foods (US), Califia Farms (US), Rude Health (UK), Forager Project (US), Danone S.A.(France), and Hain Celestial Group (US).

    Which category segment will dominate the cashew milk market?

    Conventional segment will dominate the cashew milk market.

    Which packaging type segment will have the largest share in the cashew milk market?

    Cartons will have the largest share in the cashew milk market.

    Cashew Milk Market Research Report – Global Forecast till 2027 Infographic
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