Global Cashew Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Plain, and Flavored.

By Application;

Cartons, Pouches, Bottles, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn435390311 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cashew Milk Market (USD Million), 2021 - 2031

In the year 2024, the Global Cashew Milk Market was valued at USD 86.00 million. The size of this market is expected to increase to USD 124.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.

The global cashew milk market has been experiencing significant growth, driven by the increasing demand for plant-based and dairy-free alternatives. As consumers become more health-conscious and environmentally aware, the preference for plant-based milk alternatives, including cashew milk, has surged. Cashew milk is lauded for its creamy texture, rich flavor, and nutritional benefits, which include being a good source of healthy fats, vitamins, and minerals. This shift in consumer preference is also influenced by the rising incidence of lactose intolerance and dairy allergies, prompting many to seek out non-dairy milk options. The vegan lifestyle's growing popularity has further propelled the demand for cashew milk, as it aligns with the principles of avoiding animal-derived products. The market's expansion is supported by a wide array of product innovations, ranging from plain cashew milk to flavored and fortified varieties, catering to diverse consumer tastes and dietary needs.

The cashew milk market is benefiting from advancements in food processing technologies and increased investment in the sector. Companies are leveraging modern techniques to enhance the taste, texture, and shelf life of cashew milk, making it more appealing and accessible to a broader audience. The rise of e-commerce platforms and health-focused retail chains has also played a crucial role in making cashew milk readily available to consumers worldwide. Strategic marketing initiatives and endorsements by health and wellness influencers have amplified consumer awareness and acceptance of cashew milk. As a result, the market is not only expanding in traditionally strong regions such as North America and Europe but also gaining traction in emerging markets across Asia and Latin America. This global expansion is poised to continue as more consumers embrace plant-based diets and the myriad benefits of cashew milk become widely recognized.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Cashew Milk Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Eco-friendly packaging trends
        2. Rising vegan population
        3. Popularity of dairy-free diets
        4. Influences from social media
      2. Restraints
        1. Environmental impact concerns
        2. Dependence on cashew-producing countries
        3. Nutritional comparison to other plant milks
      3. Opportunities
        1. Growth in the organic products market
        2. Partnerships with retailers
        3. Private label opportunities
        4. Innovations in packaging
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cashew Milk Market, By Product Type, 2021 - 2031 (USD Million)
      1. Plain
      2. Flavored
    2. Global Cashew Milk Market, By Application, 2021 - 2031 (USD Million)
      1. Cartons
      2. Pouches
      3. Bottles
      4. Others
    3. Global Cashew Milk Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. White Wave Foods
      2. Blue Diamond Growers
      3. Cashew Dream
      4. Danone S.A,
      5. Plenish Cleanse Ltd
  7. Analyst Views
  8. Future Outlook of the Market