Press Release

A USD 345 Million Global Milk Market to Witness a CAGR of Around 5.1 During 2025-30

The Global Cashew Milk Market is projected to grow at a CAGR of 5.1% during the forecast period of 2025-30, cites MarkNtel Advisors in the recent research report. The market is further attributed to the emerging trend of veganism across the globe. The large population has started avoiding animal-derived milk and other products for various ethical, health, and environmental reasons, and therefore augment the consumption of plant-based milk. This plant-based milk comprises a wide range of cashew milk, almond milk, oat milk, hemp milk, and soy milk, etc., which also offers several health benefits like improved cardiovascular health, vision, better bone & teeth health, etc., therefore seeks comprehensive attention from large customers.

Additionally, Companies are majorly focusing on research and development (R&D) aimed at extending the shelf life of plant-based products. Given the rapid degradation of conventional herbal products leading to food waste issues, this research has provided companies with a competitive edge. Therefore, innovation in the cashew milk market is introducing milk powder as a solution to create plant-based products with an extended shelf life.

Moreover, growing emphasis on health and wellness, plant-based milk alternatives are becoming increasingly prevalent among consumers. As compared to cow's milk, cashew milk has gained massive popularity as a healthier substitute. This has led to a considerable increase in the uptake of cashew milk, especially among fitness-conscious consumers. Additionally, with the rising prevalence of lactose intolerance and milk allergies, individuals have turned to non-dairy alternatives for their nutritional needs. This enables them to savor a milk-like beverage without digestive discomfort, which is another prominent aspect augmenting the overall market growth further states the research report, “Global Cashew Milk Market Analysis, 2025.”

Segmentation Analysis

Flavored Cashew Milk Holds Potential Market Revenue

Based on the Product Type segment, the market is further bifurcated into, Plain and Flavored. Among both, flavored cashew milk is expected to dominate the industry in upcoming years. This is owing to the increasing interest in diverse innovation associated with customer preference. This involves enhancing taste and integrating different flavors to seek comprehensive attention from a large consumer base. As fitness-conscious consumers pursue more variability in their plant-based milk options, flavored cashew milk promotes an attractive substitute that syndicates the nutritious benefits of cashew milk with the satisfaction of unique and delicious tastes. Furthermore, attractive marketing campaigns by industry players aiming at specific consumer segments, such as children or individuals with dietary needs, are further propelling the segment.

North America Region Dominates the Overall Cashew Milk Industry Revenue

The rise in the lactose intolerant population, growing concerns over animal welfare, and changing eating habits of consumers across the US & Canada are the major factors driving the North American Cashew Milk Market. In addition, the growing consumer inclination toward the vegan diet, i.e., available extensively across numerous high-end restaurants, cafes, etc., coupled with the active participation of cashew milk manufacturers across the region in increasing their production capacities in order to meet consumer demands, are other crucial aspects fueling the regional market growth. Moreover, the easy & growing availability of multiple cashew milk flavors and the mounting consumer awareness about the health benefits of these products are also projected to boost the North American Cashew Milk Market during 2025-30.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Alpro, Blue Diamond Growers, Cashew Dream, Danone SA, Earth’s Own Food Company, Elmhurst Milked Direct, Forager Project, Pacific Foods of Oregon LLC, Plenish Cleanse Ltd., Provamel, Nutty Life LLC, So Delicious Dairy Free, SunOpta, Inc., and White Wave Services Inc. are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?