Cashew Milk Market Size, Share, Industry Trends, Growth Drivers, Opportunities, Key Players Analysis, Regional Outlook and Forecast Report (2025–2032)

Cashew Milk Market was valued at USD 52.12 Mn. in 2024 and the total revenue of Global Cashew Milk Market is expected to grow at a CAGR of 5.5% from 2025 to 2032 reaching nearly 79.99 Mn. by 2032.
Cashew Milk Market Overview:
Cashew milk is a popular non-dairy beverage made from whole cashews and water. It is creamy, rich consistency and is loaded with vitamins, minerals, healthy fats, and other beneficial plant compounds. Available in unsweetened and sweetened varieties, cashew milk can replace cow’s milk in most recipes. It boosts immunity and improves heart, eye, and skin health. In Cashew Milk Market North American region, particularly the United States, seen a significant rise in demand because the health-conscious population and growth of specialty coffee chains that use barista style cashew milk.

Top companies like Califia Farms, Elmhurst, Alpro (Danone), Dream Blend (Japan), and Naveia (Brazil) are focusing on product innovation, clean-label offerings, and distribution expansion across online and offline channels. These brands are also investing in sustainable packaging, nutrient fortification, and barista-formulated blends to meet evolving consumer needs. Also end users of the cashew milk market include individual consumers, cafés, restaurants, hospitals, and educational institutions that seek plant-based, nutritious, and allergen-friendly dairy alternatives.

Cashew milk trade is growing rapidly with the U.S., U.K., and Germany as key importers, sourcing primarily from plant-based food producers in the U.S., EU, and Asia. Most countries, including the U.S., apply low or zero tariffs on cashew milk imports under food and beverage classifications.

The report covers the Cashew Milk Market dynamics and structure by analysing its key segments (flavour, packaging, distribution channel, and application) and projecting Cashew Milk Market size. It also includes a clear representation of competitive analysis of key players by product type, pricing strategy, financial performance, product innovation, growth initiatives, and regional footprint.To know about the Research Methodology :- Request Free Sample Report
Cashew Milk Market Dynamics:
Rising Health Awareness and Vegan Trends Drive Cashew Milk Market Growth
The market is primarily being driven by rising consumer knowledge of the benefits of cashew milk, which include improvements in heart health, iron deficiency anemia, blood sugar control, eye health, and skin health. Cashew milk also decreases cholesterol levels, aids in blood coagulation, has anti-cancer properties, boosts antioxidant defenses, and delivers minerals and proteins. The product is also popular since it is simple to digest and high in omega-6 fatty acids. The main consumers of dairy alternatives, including cashew milk, are people who are lactose intolerant.

Many businesses offer cashew milk with various qualities and features. For instance, the non-GMO, soy-free, gluten-free, vegan, environmentally friendly, and low-calorie unsweetened cashew milk beverages are offered by the So Delicious Co. Owing to growing concerns about animal rights, consumers are more likely to adopt a vegan diet, which is expected to be a major factor influencing the market.
Economic and Nutritional Barriers Restrain Cashew Milk Market Potential
The market for cashew-based milk experiences growth barriers due to a few variables. The development of the cashew nut milk market is expected to be constrained by the high cost of processing methods such as cold press technology, freeze-drying, and spray drying for the manufacturing of liquid and powdered nut milk. The growth of cashew nut milk is further hampered by the high cost of packaging.

Compared to dairy products, cashew milkhas less calories, but it also contains less protein and, if it is not fortified, furthermore itdoes not include certain elements like calcium. All these factors are hampering the growth of the cashew milk market.
R&D Investments Drive Innovation is significant opportunity in Cashew Milk Market
The majority of the major cashew milk producers are investing in R&D initiatives to increase the shelf life of their organic, plant-based milk types. Given that traditional types of milk tend to spoil more quickly; this innovation is a key element in the growth of the cashew milk business. Owing to its antioxidant characteristics, cashew milk also offers a number of positive health effects, including a reduction in heart disease risk, cholesterol levels, and symptoms of digestion, immunity, and liver health.
Cashew Milk Market Segment Analysis:
Based on Type, the Cashew Milk Market is segmented into Pain and flavoured. Plain segment is dominated the market in 2024 and is expected to hold largest share during the forecast period. Growing health awareness has fuelled the demand for plant-based milk with a fluid, creamy texture. Another element influencing the market is the availability of nutrients with health advantages like magnesium and vitamin K. Flavoured cashew milk, on the other hand, is expected to be significantly more common in the market, growing at the fastest CAGR during the forecast period. As a result of diverse product lines, flavoured cashew milk in tastes including vanilla, coffee, coconut, cinnamon, and others are now more widely available.

Increased use of flavoured cashew milk is a result of shifting customer preferences. Cashew milk comes in a variety of tastes, including strawberry, Silk Vanilla, and salted caramel. Market items are flavoured. As an illustration, White Wave Foods Company introduced silk vanilla cashew milk as part of a Non-GMO effort without preservatives.

Based on Distribution Channel, The Supermarkets/Hyper market segment is expected to grow with the highest CAGR during the forecast period. Due to advantages like allowing customers to scan products before buying them and having store associates on hand to assist customers in choosing the best product, which influences the purchasing decision, this distribution channel has been gaining popularity. The main outlets for the distribution of cashew milk for different businesses are supermarkets like reliance fresh, Big Bazar, easy day, and others.

The distribution channel that operates online is expected to grow at the fastest CAGR during the forecast period. Companies are partnering with online merchants and launching their own e-portals in an effort to reach a large consumer base, including Alibaba, Amazon, Walmart, Big Basket, Nature's Basket, Luckyvitamin.com, and Delights Food (India). Forager Project Company, for instance, has partnerships with a number of different online portals, including prime now, fresh direct, mylk guys, Instacart, peapod, thrive market, and milk and eggs, in addition to its own portal.
Cashew Milk Market Regional Insights:
North America region dominated the market 2024 and is expected to holds largest Cashew Milk Market during the forecast period. This is related to altered eating patterns and greater knowledge of the advantages. The number of vegans in North America is growing, which has increased the demand for plant-based milk and increased the use of cashew milk. Additionally, a rise in retailers and producers has increased the accessibility of cashew milk in North America. Businesses like White Waves Services Inc., Forgar Project, Provamel, and So Delicious help to meet customer demand for cashew milk.

During the Forecast period, Asia Pacific has the fastest market growth. The growth is ascribed to rising awareness, alterations in taste and desire, and health-related worries. Due to rising disposable income and the items' health advantages, consumers are spending more on these goods. One of the main factors influencing the market in the area is an increased focus on the consumption of cashew milk as a result of rising non-dairy product demand and high lactose intolerance. Businesses like so delicious and Elmhurst are growing their customer base in APAC.
Competitive Landscape
Industry players like Forager Project, Elmhurst Milked Direct LLC, Dream (owned by Hain Celestial), Rude Health, Plenish, Pacific Foods and Alpro (Danone) form the strength of the cashew milk market driven by their importance on clean-label formulations sustainability and plant-based innovation. These companies are among the key global participants, contributing to the market's rapid growth through extensive R&D, innovation in nut-based dairy alternatives, and expansion into retail and e-commerce platforms.

Leading players like Elmhurst and Forager Project are gaining consumer trust with minimal-ingredient, non-GMO and organic cashew milk products. Danone’s Alpro with its established global distribution, invested over USD 25 Mn. in plant-based R&D in 2024 and continues to expand its cashew-based product line under its “Good for You, Good for the Planet” initiative.
Key Trend in Cashew Milk Market:



Trend 
Description 
Impact 


Clean-Label Demand
Preference for minimal ingredients (e.g., cashews, water, salt) and no additives or preservatives.
Drives consumer trust, brand differentiation, and premium pricing opportunities.


Dairy-Free Lifestyle Growth
Increasing adoption of vegan, lactose-free, and plant-based diets.
Expands consumer base, accelerates mainstream acceptance of cashew milk.


Sustainability & Ethical Sourcing
Emphasis on eco-friendly packaging and ethically sourced cashews.
Enhances brand image, attracts environmentally conscious consumers.


Product Innovation
Expansion into barista blends, yogurts, ice creams, and cooking creams.
Opens new revenue streams and broadens product usage occasions.



Key development in Global Cashew Milk Market
On 10 March 2024, Califia Farms (USA) launched a new “Zero Sugar Barista Blend Cashew Milk” in North America, targeting cafés and coffee chains with improved frothing capabilities and a clean-label formulation, strengthening its presence in the specialty beverage segment.

On 26 February 2024, Plenish (UK) expanded its organic cashew milk product line by introducing a “Plenish+ Immunity” variant, fortified with vitamin D and zinc, aiming to cater to health-conscious consumers seeking functional plant-based drinks in the UK and EU markets.

On 8 April 2024, Dream Blend SOLUTION (Japan) announced a partnership with AEON retail group to roll out its premium cashew milk across 700 stores in Japan, integrating traditional Japanese flavors like matcha and yuzu into their cashew milk range to appeal to local palates.

On 2 May 2024, Ripe Organic (UAE) launched its first cold-pressed cashew milk line in recyclable glass bottles via its e-commerce platform and Ripe Market outlets, responding to growing consumer demand for sustainable and clean-label beverages in the Gulf region.

On 19 January 2024, Naveia (Brazil) secured a USD 5 Mn. investment led by food-tech VC fund MAYA Capital to expand its production capacity and distribution network for cashew milk across Latin America, with a focus on entering Argentina, Chile, and Colombia markets in 2025.
Cashew Milk Market Scope: Inquire before buying



Global Cashew Milk Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 52.12 Mn.


Forecast Period 2025 to 2032 CAGR:
5.5%
Market Size in 2032:
USD 79.99 Mn.


 Segments Covered:
by Type
Plain
Flavoured


by Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online



Global Cashew Milk Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Cashew Milk Market by Key Companies are:
North America
1. Califia Farms (USA)
2. Elmhurst Milked Direct LLC (USA)
3. Pacific Foods (USA)
4. Forager Project (USA)
5. JOI (USA)
6. MALK Organics (USA)
7. Blue Diamond Growers (USA)
8. Earth’s Own Food Company Inc. (Canada)
9. Ripple Foods (USA)

Europe
10. Plenish (UK)
11. Rude Health (UK)
12. Provamel (Belgium)
13. Danone S.A. (France)
14. Oatly AB (Sweden)
15. Innocent Drinks (UK)
16. Joya (Austria)
17. Natumi GmbH (Germany)

Asia-Pacific
18. Dream Blend SOLUTION (Japan)
19. RITA Food & Drink Co. Ltd. (Vietnam)
20. Vitasoy International Holdings Ltd. (Hong Kong)
21. Sanitarium Health and Wellbeing Company (Australia)
22. UFC Velvet (Thailand)
23. Soyfresh (Malaysia/Singapore)
24. Pureharvest (Australia)

Middle East & Africa 
25. Ripe Organic (UAE)
26. Nutty Life (UAE)
27. Almarai (Saudi Arabia)
28. Koita Foods (UAE)
29. Earth Goods (Lebanon/UAE)

South America 
30. Naveia (Brazil)
Frequently Asked Questions:
1] What segments are covered in the Global Cashew Milk Market report?
Ans. The segments covered in the Cashew Milk Market report are based on Type and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Cashew Milk Market?
Ans. The North America region is expected to hold the highest share in the Cashew Milk Market.

3] What is the market size of the Global Cashew Milk Market by 2032?
Ans. The market size of the Cashew Milk Market by 2032 is expected to reach USD 79.99 Mn.

4] What is the forecast period for the Global Cashew Milk Market?
Ans. The forecast period for the Cashew Milk Market is 2025-2032

5] What was the market size of the Global Cashew Milk Market in 2024?
Ans. The market size of the Cashew Milk Market in 2024 was valued at USD 52.12 Mn.