The Cashew Milk Market is expected to grow from US$199.310 million in 2025 to US$322.778 million in 2030, at a CAGR of 10.12%.
Cashew milk refers to the plant-based milk produced from cashews, it has various nutritional benefits. Cashew milk has no cholesterol and is also free from casein as well as lactose, it is a great alternative to dairy-based products especially for people who are lactose intolerant.
According to the National Library of Medicine (NLM), approximately 65 percent of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance in adulthood is most prevalent in people of East Asian descent, affecting more than 90 percent of adults in some of these communities.
Unsweetened cashew milk has a lower calorie content than compared to its plant-based counterpart soy milk as well as cow’s milk. The rising prevalence of drinking low-calorie drinks is anticipated to drive the market for cashew milk. Furthermore, the rising health consciousness amongst the population is also projected to fuel the market for cashew milk. However, the availability of substitute products such as plant-based milk such as soy and rice milk as well as cow milk is expected to hamper the cashew milk market growth. Product innovations by major players in the form of new flavors and varieties are expected to widen up the growth opportunities for the cashew milk market during the forecast period.
The major players profiled in the Cashew Milk market include Danone, Pacific Foods of Oregon LLC, Califia Farms, So Delicious Dairy Free, Alpro, Provamel, Forager Project, Nutty Life LLC,
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Cashew Milk Market Size in 2025 | US$199.310 million |
| Cashew Milk Market Size in 2030 | US$322.778 million |
| Growth Rate | CAGR of 10.12% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Cashew Milk Market |
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| Customization Scope | Free report customization with purchase |
The cashew milk market is analyzed into the following segments:
By Type
Plain Cashew Milk
Flavored Cashew Milk
By Packaging
Cartons
Bottles
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others