Global Cashew Milk Market Size Study & Forecast, by Product (Plain, Flavored) by Type (Conventional, Organic) and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Specialty Stores, Others) and Regional Forecasts 2025-2035

The Global Cashew Milk Market is valued at approximately USD 218.3 billion in 2024 and is expected to expand at a CAGR of 7.3% during the forecast period 2025-2035. Cashew milk, derived from natural cashew nuts, has emerged as a preferred plant-based alternative to traditional dairy milk due to its creamy texture, rich nutritional profile, and suitability for lactose-intolerant consumers. Its applications span beverages, culinary preparations, and fortified nutritional products. Increasing awareness regarding sustainable diets, coupled with a shift toward plant-based nutrition and growing demand for functional foods, is fueling market expansion globally.

The rising consumer inclination toward healthy lifestyles and immune-boosting foods has significantly amplified the adoption of cashew milk. The beverage’s perceived health benefits, including low cholesterol, vitamins, and essential minerals, make it highly sought-after among millennials and urban populations. According to industry sources, the plant-based milk market witnessed remarkable growth in 2023, which is expected to accelerate further through 2035. Innovations in flavors, fortification with vitamins, and convenient packaging formats are also driving consumption. Nonetheless, relatively higher costs compared to traditional milk and supply chain constraints for cashew nuts may moderate growth in certain regions.

The detailed segments and sub-segments included in the report are:

By Product:
• Plain
• Flavored

By Type:
• Conventional
• Organic

By Distribution Channel:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online
• Specialty Stores
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Plain Cashew Milk Expected to Dominate the Market

Plain cashew milk is anticipated to maintain dominance due to its versatility across beverages, cooking, and dietary consumption. Its widespread appeal stems from a clean taste profile, easy integration into recipes, and lower sugar content, which aligns with consumer preferences for minimally processed products. Flavored variants, including chocolate, vanilla, and nut blends, are gaining traction among younger demographics and premium buyers seeking indulgent yet plant-based alternatives, creating incremental growth opportunities within the overall market.

Organic Cashew Milk Leads in Revenue Contribution

Within the cashew milk type segment, organic varieties currently generate the largest revenue share. The preference for organic options is driven by stringent consumer scrutiny on pesticide use, environmental sustainability, and health consciousness. Conventional cashew milk remains widely consumed, particularly in price-sensitive markets, but the organic segment’s faster growth reflects a global trend toward certified, clean-label products. This indicates a dual trajectory: conventional offerings dominate volume, while organic variants accelerate revenue growth due to premium pricing and brand differentiation.

North America commanded the cashew milk market in 2025, owing to strong health-conscious consumer bases, well-established retail networks, and growing adoption of plant-based diets. Europe follows with substantial demand driven by sustainability awareness and vegan-friendly policies. Asia Pacific is projected to be the fastest-growing region over the forecast period, fueled by rising urban populations, increasing disposable incomes, and growing retail penetration in countries such as China and India. Latin America and the Middle East & Africa present emerging opportunities as consumers diversify their diets and plant-based beverages gain mainstream recognition.

Major market players included in this report are:
• Blue Diamond Growers
• The Hain Celestial Group, Inc.
• Alpro (Danone)
• Califia Farms
• Vitasoy International Holdings Ltd.
• Elmhurst 1925
• WhiteWave Foods (Danone)
• Earth’s Own Food Company
• Oatly AB
• Pacific Foods (Campbell Soup Co.)
• So Delicious Dairy Free (Danone)
• SunOpta Inc.
• Silk (Danone)
• Good Karma Foods
• Vega (Danone)

Global Cashew Milk Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast values for the coming years. The report incorporates both qualitative and quantitative analyses, providing insight into key drivers, challenges, and emerging opportunities. Furthermore, it evaluates competitive landscapes, including product portfolios, strategic initiatives, and investment prospects, enabling stakeholders to make informed decisions. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level insights.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more