Global Cashew Milk Market Research Report: Forecast (2025-30)

Market Definition

Cashew Milk is mainly a non-dairy milk substitute, produced by processing cashews and water, and comprises vitamins, minerals, healthy fats, and other plant-based compounds. In comparison with dairy, coconut, and oat milk, it contains lower calorie content. Additionally, it involves unsaturated fatty acids which are accountable for healthy fats in cashew milk, that facilitate better heart health with other benefits.

Market Insights & Analysis: Global Cashew Milk Market (2025-30):

The Global Cashew Milk Market size was valued at around USD 288 billion in 2024 and is projected to reach USD 398 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.68% during the forecast period, i.e., 2025-30. The market growth is driven by the rising consumer awareness of various health benefits of cashew milk coupled with the easy and extensive availability of quality products in different flavors. The Nutrients in cashew milk help enhance immunity & protect against external viruses, decrease the chances of blood clotting, promote anti-cancer properties within cells, increase antioxidants, lower cholesterol levels, prevent food allergies and intolerances, improve cardiovascular health, vision, better bone, teeth health, and provide rich iron content. Another prominent aspect projected to augment the market expansion is the rise in disposable incomes, especially in developing regions, which enables more consumers to afford premium, specialty food products, and plant-based food and beverages worldwide.

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Additionally, the hectic lifestyle of consumers has resulted in their growing inclination toward convenient food options that have adequate nutrients & can be prepared quickly. Also, the consumers are looking at beverages that do not skimp on the taste, but that also are not harmful to the body. As a result, organic & plant-based dairy alternatives used commonly in bakeries, coffee shops, & high-end restaurants are offering plenty of opportunities to thrive.

As more & more people are adopting plant-based compounds, the leading food manufacturers are massively investing in R&D departments to expand their production capacities for cashew milk in the global market. The emergence of newer brands that promote eco-friendly, sustainable, & vegan options in packaging, storing, & transporting final products is also accelerating the growth of the global market.

Moreover, with the rising popularity of veganism across the globe, people are avoiding animal-derived milk and associated products, owing to ethical, health, and environmental factors. This is the reason, plant-based milk such as cashew milk, almond milk, oat milk, hemp milk, and soy milk, are seeking widespread attention. In addition, the catalyzing growth of social media also plays a pivotal role in the exponential growth of the cashew industry. A major number of consumers look at social media influencers for dietary recommendations, which highlights the other benefits of consuming cashews, and also propels the further demand for the cashew industry.

Global Cashew Milk Market Driver:

Growing Prevalence of Plant-Based Food, Gaining Traction – Cashew milk is conspicuously promoted as a plant-derived beverage enriched with calcium, tempting to consumers due to its low sugar and fat content. Additionally, due to its versatility and rich flavors, it can be easily used as a direct alternative for cow’s milk in a variety of applications, including beverages, cooking, and beverages, cooking, and baking. This is the reason, the large number of people are opting for plant-based dietary choices, resulting in a significant increment in requirements for milk substitutes. Therefore, it is concluded as a plant-based diet, cashew milk has widely become a popular alternative to traditional dairy products.

Global Cashew Milk Market Opportunity:

Inclination Towards R&D Measures – Nowadays, with the growing adoption of more cashew milk by consumers, the market players in the cashew milk market are emphasizing integrating more innovation to gain comprehensive attention from the consumers. Such as most of the key companies are undertaking R&D measures, to boost the shelf-life of their plant-based, organic milk varieties, since conventional kinds of milk tend to degrade in shorter periods. This facilitates the growing industry to witness lucrative growth opportunities in forthcoming years.

Global Cashew Milk Market Challenge:

Elevated Price of Cashews Inhibit the Growth of Industry – One of the prominent factors that directly affects the growth and expansion of the cashew industry is the high expense of cashews.  While processing cashews, it's necessary to destroy the toxins with the help of roasting. This requires high labors which lead to the rising cost of the raw materials for producing cashew milk. Therefore, the increasing price of cashews discourages the large population, which is expected to hamper the growth of the global cashew milk market.

Global Cashew Milk Market Trend:

Growing Adoption of Cashew Powder Open Doors for Market Expansion – With the rising demand for plant-based products worldwide, the players are emphasis towards incorporating innovation and new product formulation. Such as cashew powder, which is extensively utilized in cafes, bakeries, and wholesale food chains as a dry ingredient for bakeries products such as pancakes, biscuits, muffins, hot chocolate mix, etc. Also, cashew powders offer longer shelf life compared to their liquid counterparts, with convenient storage and transportation. This facilitates augmenting the growth of the cashews industry.

Global Cashew Milk Market (2025-30): Segmentation Analysis

The Global Cashew Milk Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2025–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Product Type:

• Plain
• Flavored

Among both, flavored represents the potential share and is expected to lead the growth with the highest CAGR over the forecast period.  It owes primarily to the increasing availability of cashew milk in different flavors like vanilla, coffee, coconut, cinnamon, etc., coupled with changing consumer tastes & preferences. Additionally, aggressive marketing campaigns by top players targeting specific consumer categories, such as children or fitness-conscious populations with dietary needs, seek comprehensive attention.

Moreover, the introduction of new varieties and flavors of cashew milk like salted caramel, silk vanilla, & strawberry, coupled with the appearance of flavor combinations and seasonal editions by leading manufacturers is another prominent aspect expected to infuse the sales of flavored cashew milk in the global market in the forecast years.

Based on Distribution Channel:

• Online
• Supermarket/Hypermarket/Convenience Store

Among both, the Online channel is projected to register a prominent growth pace in the Global Cashew Milk Market during 2025-30.  It is attributed to the increasing penetration of the internet & smartphones and the rapidly expanding e-commerce sector, coupled with the wide variety of plant-based products, including cashew milk, available at reduced prices compared to supermarkets/hypermarkets in order to attract more & more customers. Moreover, the increasing inclination towards digital marketing, targeted advertising, and increasing alliances with online retailers to establish e-portals such as Amazon, Walmart, and Big Basket, etc., facilitates brands and top players in the cashew milk market, to easily approach potential customers, further thrive the market demand. Hence, the cost-effectiveness & instant accessibility, and benefits like doorstep deliveries & easy returns associated with e-commerce platforms, are set to boost the Global Cashew Milk Market in the years ahead.

Global Cashew Milk Market (2025-30): Regional Projection

Geographically, the Global Cashew Milk Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Among these regions, North America is expected to dominate the market during the forecast period due to a massive consumer shift in eating habits, the increasing availability of different cashew milk flavors, and the mounting consumer awareness about their various health benefits. Besides, the growing concerns over animal welfare, growing environmental consciousness & ethical consideration, the rising number of people with lactose intolerance across the US & Canada, and their soaring inclination towards plant-based products are other prominent aspects driving the regional market.

Additionally, the region witnessed the widespread popularity of cashew milk as a healthier option due to its lower calorie content, absence of cholesterol, and potential health benefits related to the cashews propels the further expansion.  In addition, the extensive presence of cashew milk manufacturers & vendors across the US, coupled with their active efforts toward expanding their production capacity in order to meet the growing consumer requirements, thrives the market growth. Along with this, these players are investing in product innovation, initiating social media campaigns, influencer marketing, and effective marketing strategies by developing new formulations, enhancing taste and texture, and launching innovative and attractive packaging, seeking widespread attention from large consumers.

Moreover, the growing prevalence of vegan food among fast-food chains, high-end restaurants, & coffee shops has also created an easy availability of cashew milk across North America, thereby driving the growth of the North American Cashew Milk Market during 2025-30.

Global Cashew Milk Industry Recent Development:

• 2024: Elmhurst 1925, maker of the world’s finest plant-based dairy products, has launched its newest innovation-a line of dairy-free Cashew Creamers. This is also available in four delectable varieties: Sweet Cream, Cinnamon Churro, Caramel Brûlée, and Unsweetened.
• 2023: Forager Project an organic, plant-based, and family-owned creamery that crafts dairy-free foods, introduced the Honey Alternative Cashew Milk Yogurt, including a new Peach flavor and 4-pack size at Natural Products Expo West.

Gain a Competitive Edge with Our Global Cashew Milk Market Report

• Global Cashew Milk Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Cashew Milk Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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