Global Cashew Milk Market Size, Share and Trends Analysis Report – Industry Overview and Forecast to 2032

Cashew Milk Market Size

• The Cashew Milk Market size was valued at USD 61.75 million in 2024 and is expected to reach USD 91.23 million by 2032, at a CAGR of 5.00% during the forecast period
• The market growth is primarily driven by increasing consumer preference for plant-based and dairy-free alternatives, fueled by health consciousness and environmental concerns
• Additionally, advancements in production technology and the introduction of innovative flavors and fortified options are expanding product offerings, further boosting demand and accelerating market expansion worldwide

Cashew Milk Market Analysis

• Cashew milk, a popular plant-based dairy alternative made from cashew nuts, is gaining significant traction in both residential and commercial food sectors due to its creamy texture, nutritional benefits, and suitability for lactose-intolerant and vegan consumers.
• The rising consumer shift towards healthier lifestyles, environmental sustainability, and dairy-free diets is the primary driver behind the increasing demand for cashew milk globally.
• North America dominated the Cashew Milk Market with the largest revenue share of 34.9% in 2024, supported by high consumer awareness of plant-based diets, established distribution networks, and strong presence of leading cashew milk brands driving product innovation and marketing efforts.
• Asia-Pacific is expected to be the fastest-growing region in the Cashew Milk Market during the forecast period, fueled by rapid urbanization, increasing health consciousness, and rising disposable incomes.
• The plain cashew milk segment dominated the market with the largest revenue share of 58.3% in 2024. This dominance is attributed to its natural taste, versatility in cooking and beverages, and growing consumer preference for clean-label, unsweetened plant-based milk options.

Report Scope and Cashew Milk Market Segmentation

Cashew Milk Market Trends

“Enhanced Convenience Through AI and Voice Integration”

• A significant and accelerating trend in the Cashew Milk Market is the incorporation of AI-driven personalization and voice-activated smart kitchen devices that enhance consumer interaction and convenience. Smart refrigerators and connected appliances now enable voice commands to track inventory, suggest recipes, and reorder cashew milk automatically through platforms like Amazon Alexa, Google Assistant, and Apple HomeKit.
• For Instance, smart refrigerators can notify users when cashew milk stocks are low and enable seamless voice-activated reordering, while AI-powered apps offer personalized product recommendations based on consumer preferences and dietary needs.
• AI integration within supply chains and production lines is optimizing cashew milk manufacturing by improving quality control, forecasting demand, and reducing waste. Additionally, intelligent packaging solutions are emerging, featuring QR codes that provide consumers with detailed product information and usage suggestions via voice assistants.
• The seamless integration of cashew milk products with smart kitchen ecosystems facilitates a connected and efficient consumer experience. Users can manage grocery lists, control smart appliances, and explore recipes incorporating cashew milk—all through a centralized smart home platform.
• This trend toward more intelligent, interactive, and connected consumption experiences is reshaping consumer expectations for plant-based beverages. As a result, companies like Elmhurst 1925 and Silk are investing in AI-enabled digital marketing and smart retail solutions that enhance consumer engagement and streamline purchase journeys.
• The demand for cashew milk products compatible with AI-driven smart home devices and voice control is growing rapidly, driven by consumers’ increasing focus on convenience, personalization, and seamless integration within their smart lifestyles.

Cashew Milk Market Dynamics

Driver

“Growing Need Due to Rising Health Awareness and Plant-Based Lifestyle Adoption”

• The increasing consumer awareness about health benefits and environmental sustainability, coupled with the accelerating adoption of plant-based and dairy-free diets, is a significant driver for the heightened demand for cashew milk.
• For instance, in early 2024, leading brands such as Silk and Elmhurst 1925 launched new fortified cashew milk variants enriched with vitamins and minerals, responding to growing consumer demand for nutritious, plant-based beverages. Such innovations by key companies are expected to drive the cashew milk market growth during the forecast period.
• As consumers become more conscious of lactose intolerance, dairy allergies, and the environmental impact of animal farming, cashew milk offers an attractive alternative with its creamy texture, nutrient profile, and lower carbon footprint.
• Furthermore, the rising popularity of vegan and flexitarian lifestyles, combined with expanding distribution in retail and foodservice channels, is making cashew milk an integral part of many households’ and businesses’ daily consumption.
• The convenience of ready-to-drink formats, shelf stability, and versatile applications in cooking and beverages are key factors propelling cashew milk adoption globally. The trend towards clean-label products and innovations in flavor and fortification also contribute to market growth.

Restraint/Challenge

“Concerns Regarding Allergenicity and Premium Pricing”*

• Concerns surrounding nut allergies, particularly cashew allergies, pose a significant challenge to broader market penetration of cashew milk. As cashew milk contains tree nuts, it is not suitable for all consumers, limiting its adoption among allergy-sensitive populations.
• For instance, allergy warnings and consumer caution around nut-based beverages have caused some hesitation in fully replacing traditional dairy or other plant-based milks in certain regions.
• Addressing these concerns through clear labeling, consumer education, and offering alternative plant-based options is crucial for expanding the customer base. Companies such as Pacific Foods and SunOpta emphasize transparency in ingredient sourcing and allergen management to reassure potential buyers. Additionally, the relatively higher price of cashew milk compared to dairy milk or some other plant-based milks can be a barrier to adoption for price-sensitive consumers, especially in developing markets or among budget-conscious buyers. While prices are gradually becoming more competitive, premium formulations with added nutrients or organic certifications often come at a higher cost.
• While awareness and availability are increasing, the perceived premium for cashew milk compared to conventional options can still hinder widespread adoption, particularly among cost-conscious consumers who do not prioritize plant-based benefits.
• Overcoming these challenges through improved allergen management, consumer education on nutritional benefits, and the development of more affordable product lines will be vital for sustained market growth.

Cashew Milk Market Scope

The cashew milk market is segmented on the basis of product type, packaging, distribution channel and category.

• By Product Type

On the basis of product type, the Cashew Milk Market is segmented into plain cashew milk and flavored cashew milk. The plain cashew milk segment dominated the market with the largest revenue share of 58.3% in 2024. This dominance is attributed to its natural taste, versatility in cooking and beverages, and growing consumer preference for clean-label, unsweetened plant-based milk options. Plain cashew milk appeals strongly to health-conscious consumers seeking a simple, nutritious dairy alternative.

The flavored cashew milk segment is expected to witness the fastest CAGR of 20.5% from 2025 to 2032. This growth is driven by rising demand for variety and enhanced taste experiences, particularly among younger demographics. Innovations in flavors such as vanilla, chocolate, and coffee, combined with fortified nutrient profiles, are expanding the appeal of flavored cashew milk. These variants offer consumers indulgence without compromising plant-based benefits, accelerating adoption globally.

• By Packaging

On the basis of packaging, the Cashew Milk Market is segmented into cartons, pouches, jars, bottles, cans, and others. The cartons segment held the largest revenue share of 47.6% in 2024, favored for its eco-friendliness, convenience, and wide distribution across retail formats. Aseptic carton packaging extends shelf life without refrigeration, which appeals to both manufacturers and consumers by reducing spoilage and enhancing portability.

The bottles segment is anticipated to witness the fastest CAGR of 19.8% over the forecast period. Bottled cashew milk, often offered in glass or premium plastic formats, aligns with consumer demand for resealable, on-the-go packaging. This format is particularly popular among urban consumers seeking convenience and premium experiences. Growth in organic and specialty product lines packaged in bottles also supports this trend.

• By Distribution Channel

On the basis of distribution channel, the Cashew Milk Market is segmented into store-based and non-store-based channels. The store-based segment accounted for the largest revenue share of 63.1% in 2024, supported by the dominance of supermarkets, hypermarkets, and health food stores as preferred points of purchase. Physical stores offer consumers the opportunity to examine products, seek advice, and access a broad range of brands, driving higher sales volumes.

The non-store-based segment, encompassing online retail, direct-to-consumer sales, and subscription services, is projected to witness the fastest CAGR of 23.1% from 2025 to 2032. This rapid growth is fueled by the increasing penetration of e-commerce, convenience of home delivery, and rising consumer comfort with digital shopping. The COVID-19 pandemic further accelerated this shift, with consumers seeking safer, contactless purchase options.

• By Category

On the basis of category, the Cashew Milk Market is segmented into conventional and organic cashew milk. The conventional segment dominated the market with a revenue share of 72.4% in 2024, driven by its wide availability, competitive pricing, and established presence in mainstream retail outlets. Conventional cashew milk is preferred by cost-conscious consumers and those new to plant-based milks.

The organic segment is expected to record the fastest CAGR of 24.7% during the forecast period, propelled by increasing consumer demand for clean, sustainable, and health-oriented products. Growing awareness of organic farming benefits, along with premiumization trends and environmental concerns, are encouraging more consumers to shift towards organic cashew milk. Millennials and Gen Z, in particular, are driving growth in this segment due to their preference for ethically produced foods.

Cashew Milk Market Regional Analysis

• North America dominated the Cashew Milk Market with the largest revenue share of 34.9% in 2024, driven by increasing consumer awareness about plant-based diets and a strong preference for dairy alternatives.
• The region’s well-established distribution networks, health-conscious population, and rising demand for nutritious and sustainable beverage options are key factors supporting market growth.
• Additionally, high disposable incomes and growing adoption of organic and specialty cashew milk products contribute to the market’s expansion in both retail and foodservice sectors across the U.S. and Canada.

U.S. Cashew Milk Market Insight

The U.S. cashew milk market captured the largest revenue share of 81% within North America in 2024, driven by increasing consumer preference for plant-based and lactose-free milk alternatives. Rising health consciousness, concerns over dairy allergies, and environmental awareness are propelling demand. The growth of specialty retailers, supermarkets, and online platforms offering a wide variety of cashew milk products—including organic and flavored options—further supports market expansion. Innovations in taste, fortification with vitamins and minerals, and convenient packaging formats are also fueling adoption among consumers seeking nutritious, sustainable beverage choices.

Europe Cashew Milk Market Insight

The Europe cashew milk market is expected to grow at a substantial CAGR during the forecast period, supported by rising veganism, lactose intolerance awareness, and increasing demand for clean-label plant-based products. Stringent food safety regulations and sustainability concerns drive manufacturers to focus on organic and ethically sourced cashew milk products. Urbanization, higher disposable incomes, and widespread retail penetration encourage consumption across residential and foodservice sectors. Countries like Germany, France, and the U.K. show particularly strong growth in demand for flavored and fortified cashew milk variants.

U.K. Cashew Milk Market Insight

The U.K. cashew milk market is projected to witness significant growth during the forecast period, fueled by increasing adoption of plant-based diets and growing concerns over animal welfare and environmental impact. Consumers are actively seeking dairy alternatives that offer both taste and nutritional benefits, positioning cashew milk as a popular choice. The convenience of ready-to-drink formats and innovations in flavored variants also stimulate market uptake. Additionally, robust online grocery sales and expanding specialty food stores contribute to the market’s dynamic growth.

Germany Cashew Milk Market Insight

Germany’s cashew milk market is anticipated to expand at a considerable CAGR, driven by growing consumer interest in sustainable and health-focused food products. Increasing awareness of lactose intolerance and dairy allergies encourages the switch to plant-based alternatives. The country’s strong organic food market and eco-conscious consumer base further accelerate demand for organic cashew milk. Additionally, Germany’s well-developed retail infrastructure and active participation in food innovation make it a key market for new product launches and fortified cashew milk variants.

Asia-Pacific Cashew Milk Market Insight

The Asia-Pacific cashew milk market is poised to grow at the fastest CAGR of 24% during the forecast period, owing to rapid urbanization, rising disposable incomes, and expanding awareness of plant-based nutrition across countries such as China, India, Japan, and Australia. Increasing health consciousness and the rise of vegan and flexitarian lifestyles are key growth drivers. Government initiatives promoting healthy diets and sustainability also bolster market growth. Moreover, improving cold chain logistics and the expansion of modern retail formats enhance the accessibility of cashew milk products in emerging economies.

Japan Cashew Milk Market Insight

Japan’s cashew milk market is gaining traction due to its health-conscious consumer base and the country’s aging population seeking lactose-free, nutritious dairy alternatives. High consumer preference for natural, organic, and fortified food products supports market expansion. The integration of cashew milk in traditional and modern diets, along with innovations in packaging and flavor offerings, fuels demand. Japan’s advanced retail and distribution networks further facilitate the availability and adoption of cashew milk products in both urban and suburban areas.

China Cashew Milk Market Insight

China accounted for the largest market revenue share in the Asia-Pacific region in 2024, driven by a burgeoning middle class, increasing urbanization, and heightened health awareness. The rapid expansion of e-commerce platforms and supermarket chains enables broad product availability. Growing interest in plant-based diets, concerns about dairy allergies, and the government’s focus on improving nutrition are key factors propelling demand. Domestic manufacturers’ emphasis on product innovation and competitive pricing is expanding the cashew milk consumer base across residential and commercial sectors.

Cashew Milk Market Share

The Cashew Milk industry is primarily led by well-established companies, including:

• Elmhurst 1925 (U.S.)
• Silk (U.S.) (Parent Company: Danone)
• Alpro (Belgium) (Parent Company: Danone)
• Dr Mannah's (Germany)
• SunOpta (U.S.)
• Pacific Foods (U.S.)
• HP Hood Manufacturing (U.S.)
• SmithFoods, Inc. (U.S.)
• Innovation Foods (U.S.)
• Suntado, LLC (U.S.)
• Protenergy Natural Foods Corp. (Canada)
• Harvest Beverage Group (U.S.)
• FirstWave Innovations (U.S.)
• Redemption Road Foods (U.S.)
• American Soy Products, Inc. (U.S.)
• East Coast Copacking (U.S.)
• Cardiff Products Corporation (Canada)
• Ninth Avenue Foods (U.S.)
• Beta Group (Netherlands)
• Glanbia (Ireland)

What are the Recent Developments in Cashew Milk Market?

• In April 2023, Alpro, a leading plant-based dairy brand under Danone, launched a strategic initiative in South Africa to expand the availability of its cashew milk products in residential and commercial retail channels. This move reflects Alpro’s dedication to meeting growing consumer demand for nutritious, sustainable dairy alternatives tailored to regional tastes and dietary preferences. By leveraging its global expertise and innovative product formulations, Alpro aims to strengthen its presence in the rapidly expanding cashew milk market across Africa and beyond.
• In March 2023, Elmhurst 1925, a renowned U.S.-based plant milk producer, introduced a new flavored cashew milk variant specifically designed for the foodservice and educational sectors. The product features enhanced nutritional fortification to meet the dietary needs of children and institutional consumers. This launch highlights Elmhurst’s commitment to developing innovative, health-focused beverages that cater to diverse market segments while promoting plant-based nutrition.
• In March 2023, Silk (Danone) successfully expanded its distribution network in India through a partnership with key retail and e-commerce platforms to promote its cashew milk line. This initiative supports the increasing consumer shift towards plant-based milk alternatives and rising health awareness in urban centers. Silk’s efforts demonstrate the growing significance of cashew milk in emerging markets and the brand’s role in advancing sustainable dairy alternatives.
• In February 2023, Pacific Foods, a U.S.-based natural food and beverage company, announced a collaboration with organic farming cooperatives to source sustainably grown cashews for its cashew milk products. This partnership aims to enhance supply chain transparency and promote fair-trade practices, while meeting rising consumer demand for ethically produced plant-based beverages. The initiative underscores Pacific Foods’ commitment to sustainability and social responsibility within the global cashew milk industry.
• In January 2023, SunOpta, a global leader in plant-based foods, unveiled a new line of organic, shelf-stable cashew milk cartons at a major international food expo. Equipped with innovative packaging technology to extend shelf life without preservatives, the product offers consumers convenience and high nutritional value. SunOpta’s launch exemplifies its dedication to integrating advanced food technology with consumer preferences, driving growth and innovation in the Cashew Milk Market.

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