Cashew Milk Market

By Product Type;

Unflavored & Original and Flavored

By Packaging Type;

Cartons, Bottles and Others

By Distribution Channel;

Supermarkets & Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores and Others

By Geography;

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

Cashew Milk Market Overview

Cashew Milk Market (USD Million)

Cashew Milk Market was valued at USD 86.00 million in the year 2024. 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%.


Cashew Milk Market

*Market size in USD million

CAGR 5.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.4 %
Market Size (2024)USD 86.00 Million
Market Size (2031)USD 124.19 Million
Market ConcentrationMedium
Report Pages382
86.00
2024
124.19
2031

Major Players

  • White Wave Foods
  • Blue Diamond Growers
  • Cashew Dream
  • Danone S.A,
  • Plenish Cleanse Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cashew Milk Market

Fragmented - Highly competitive market without dominant players


The Cashew Milk Market continues to gain traction as a leading plant-based beverage with a creamy profile and rich nutritional value. Growing awareness of lactose intolerance and increasing preference for dairy alternatives have positioned cashew milk as a favored choice, with over 30% of health-driven consumers including it in their diets. Its versatility across direct consumption and culinary use strengthens its market relevance.

Key Growth Drivers and Opportunities
Rising adoption of vegan diets, growing demand for low-fat beverages, and heightened focus on sustainable food options are key market accelerators. Surveys indicate that about 40% of plant-based drink buyers choose cashew milk for its nutritional benefits and eco-conscious sourcing. Expanding product flavors and fortified offerings further widen its appeal.

Innovation and Partnerships
Market players are leveraging innovation by launching flavored, unsweetened, and nutrient-enriched cashew milk variants. Nearly 35% of recent product launches have focused on added vitamins and minerals, boosting nutritional positioning. In addition, strategic alliances with restaurants, cafes, and retail outlets enhance accessibility and brand recognition.

Technology and Sustainability
Cutting-edge processing innovations are improving product stability, flavor, and shelf life. Around 50% of producers are adopting eco-friendly packaging and sustainable processing techniques, resonating strongly with modern consumer expectations. This balance of quality, convenience, and environmental care drives broader adoption of cashew milk globally.

  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 Packaging Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. 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. Cashew Milk Market, By Product Type, 2021-2031 (USD Million)
      1. Unflavored & Original
      2. Flavored
    2. Cashew Milk Market, By Packaging Type, 2021-2031 (USD Million)
      1. Cartons
      2. Bottles
      3. Others
    3. Cashew Milk Market, By Distribution Channel, 2021-2031 (USD Million)
      1. Supermarkets & Hypermarkets
      2. Specialty Stores
      3. Convenience Stores
      4. Online Retail Stores
      5. Others
    4. 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. Danone (Silk)
      2. Elmhurst Milked Direct LLC
      3. Forager Project LLC
      4. Nutcase
      5. Edward & Sons Trading Co.
      6. Pacific Foods
      7. JOI
      8. Plant Veda
      9. Alpro
      10. RITA Food & Drink Co. Ltd.
      11. Plenish Cleanse Ltd.
      12. So Delicious Dairy Free
      13. Blue Diamond Growers
      14. Cashew Dream
      15. Earth’s Own Food Company Inc.
  7. Analyst Views
  8. Future Outlook of the Market