Summary

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 beveragefs 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 segmentfs 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)
- Earthfs 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
- Customization Scope - Free report customization (equivalent to up to 8 analystsf working hours) with purchase. Addition or alteration to country, regional & segment scope*
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.

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Table of Contents

Table of Contents

Chapter 1. Global Cashew Milk Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study

Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Cashew Milk Market Forces Analysis
3.1. Market Forces Shaping The Global Cashew Milk Market (2024-2035)
3.2. Drivers
3.2.1. Increasing awareness regarding sustainable diets
3.2.2. coupled with a shift toward plant-based nutrition
3.3. Restraints
3.3.1. relatively higher costs compared to traditional milk
3.4. Opportunities
3.4.1. Innovations in flavors

Chapter 4. Global Cashew Milk Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Cashew Milk Market Size & Forecasts by Product 2025-2035
5.1. Market Overview
5.2. Global Cashew Milk Market Performance - Potential Analysis (2025)
5.3. Plain
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.3.2. Market size analysis, by region, 2025-2035
5.4. Flavored
5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Cashew Milk Market Size & Forecasts by Type 2025-2035
6.1. Market Overview
6.2. Global Cashew Milk Market Performance - Potential Analysis (2025)
6.3. Conventional
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.3.2. Market size analysis, by region, 2025-2035
6.4. Organic
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Cashew Milk Market Size & Forecasts by Distribution Channel 2025-2035
7.1. Market Overview
7.2. Global Cashew Milk Market Performance - Potential Analysis (2025)
7.3. Supermarkets/Hypermarkets
7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.3.2. Market size analysis, by region, 2025-2035
7.4. Convenience Stores
7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.4.2. Market size analysis, by region, 2025-2035
7.5. Online
7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.5.2. Market size analysis, by region, 2025-2035
7.6. Specialty Stores
7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.6.2. Market size analysis, by region, 2025-2035
7.7. Others
7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.7.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Cashew Milk Market Size & Forecasts by Region 2025–2035
8.1. Growth Cashew Milk Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Cashew Milk Market
8.3.1. U.S. Cashew Milk Market
8.3.1.1. Product breakdown size & forecasts, 2025-2035
8.3.1.2. Type breakdown size & forecasts, 2025-2035
8.3.1.3. Distribution Channel breakdown size & forecasts, 2025-2035
8.3.2. Canada Cashew Milk Market
8.3.2.1. Product breakdown size & forecasts, 2025-2035
8.3.2.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.3.2.3. Type breakdown size & forecasts, 2025-2035
8.4. Europe Cashew Milk Market
8.4.1. UK Cashew Milk Market
8.4.1.1. Product breakdown size & forecasts, 2025-2035
8.4.1.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.1.3. Type breakdown size & forecasts, 2025-2035
8.4.2. Germany Cashew Milk Market
8.4.2.1. Product breakdown size & forecasts, 2025-2035
8.4.2.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.2.3. Type breakdown size & forecasts, 2025-2035
8.4.3. France Cashew Milk Market
8.4.3.1. Product breakdown size & forecasts, 2025-2035
8.4.3.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.3.3. Type breakdown size & forecasts, 2025-2035
8.4.4. Spain Cashew Milk Market
8.4.4.1. Product breakdown size & forecasts, 2025-2035
8.4.4.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.4.3. Type breakdown size & forecasts, 2025-2035
8.4.5. Italy Cashew Milk Market
8.4.5.1. Product breakdown size & forecasts, 2025-2035
8.4.5.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.5.3. Type breakdown size & forecasts, 2025-2035
8.4.6. Rest of Europe Cashew Milk Market
8.4.6.1. Product breakdown size & forecasts, 2025-2035
8.4.6.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.4.6.3. Type breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Cashew Milk Market
8.5.1. China Cashew Milk Market
8.5.1.1. Product breakdown size & forecasts, 2025-2035
8.5.1.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.1.3. Type breakdown size & forecasts, 2025-2035
8.5.2. India Cashew Milk Market
8.5.2.1. Product breakdown size & forecasts, 2025-2035
8.5.2.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.2.3. Type breakdown size & forecasts, 2025-2035
8.5.3. Japan Cashew Milk Market
8.5.3.1. Product breakdown size & forecasts, 2025-2035
8.5.3.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.3.3. Type breakdown size & forecasts, 2025-2035
8.5.4. Australia Cashew Milk Market
8.5.4.1. Product breakdown size & forecasts, 2025-2035
8.5.4.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.4.3. Type breakdown size & forecasts, 2025-2035
8.5.5. South Korea Cashew Milk Market
8.5.5.1. Product breakdown size & forecasts, 2025-2035
8.5.5.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.5.3. Type breakdown size & forecasts, 2025-2035
8.5.6. Rest of APAC Cashew Milk Market
8.5.6.1. Product breakdown size & forecasts, 2025-2035
8.5.6.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.5.6.3. Type breakdown size & forecasts, 2025-2035
8.6. Latin America Cashew Milk Market
8.6.1. Brazil Cashew Milk Market
8.6.1.1. Product breakdown size & forecasts, 2025-2035
8.6.1.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.6.1.3. Type breakdown size & forecasts, 2025-2035
8.6.2. Mexico Cashew Milk Market
8.6.2.1. Product breakdown size & forecasts, 2025-2035
8.6.2.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.6.2.3. Type breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Cashew Milk Market
8.7.1. UAE Cashew Milk Market
8.7.1.1. Product breakdown size & forecasts, 2025-2035
8.7.1.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.7.1.3. Type breakdown size & forecasts, 2025-2035
8.7.2. Saudi Arabia (KSA) Cashew Milk Market
8.7.2.1. Product breakdown size & forecasts, 2025-2035
8.7.2.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.7.2.3. Type breakdown size & forecasts, 2025-2035
8.7.3. South Africa Cashew Milk Market
8.7.3.1. Product breakdown size & forecasts, 2025-2035
8.7.3.2. Distribution Channel breakdown size & forecasts, 2025-2035
8.7.3.3. Type breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Blue Diamond Growers
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Financial Performance (Subject to Data Availability)
9.2.5. Product/Services Port
9.2.6. Recent Development
9.2.7. Market Strategies
9.2.8. SWOT Analysis
9.3. The Hain Celestial Group, Inc.
9.4. Alpro (Danone)
9.5. Califia Farms
9.6. Vitasoy International Holdings Ltd.
9.7. Elmhurst 1925
9.8. WhiteWave Foods (Danone)
9.9. Earth’s Own Food Company
9.10. Oatly AB
9.11. Pacific Foods (Campbell Soup Co.)
9.12. So Delicious Dairy Free (Danone)
9.13. SunOpta Inc.
9.14. Silk (Danone)
9.15. Good Karma Foods
9.16. Vega (Danone)

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List of Tables/Graphs

List of Tables
Table 1. Global Cashew Milk Market, Report Scope
Table 2. Global Cashew Milk Market Estimates & Forecasts By Region 2024–2035
Table 3. Global Cashew Milk Market Estimates & Forecasts By Segment 2024–2035
Table 4. Global Cashew Milk Market Estimates & Forecasts By Segment 2024–2035
Table 5. Global Cashew Milk Market Estimates & Forecasts By Segment 2024–2035
Table 6. Global Cashew Milk Market Estimates & Forecasts By Segment 2024–2035
Table 7. Global Cashew Milk Market Estimates & Forecasts By Segment 2024–2035
Table 8. U.S. Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 9. Canada Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 10. UK Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 11. Germany Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 12. France Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 13. Spain Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 14. Italy Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 15. Rest Of Europe Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 16. China Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 17. India Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 18. Japan Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 19. Australia Cashew Milk Market Estimates & Forecasts, 2024–2035
Table 20. South Korea Cashew Milk Market Estimates & Forecasts, 2024–2035
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