The Global Cashew Milk Market, valued at USD 52.12 million in 2024, is projected to grow steadily at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032, reaching an estimated USD 79.99 million by 2032. This growth reflects the accelerating shift toward plant-based nutrition, rising lactose intolerance, and increasing consumer preference for clean-label and functional beverages.

Cashew milk, made by blending whole cashews with water, has emerged as one of the most versatile and nutritionally rich non-dairy milk alternatives. Known for its creamy texture, mild flavor, and high nutrient density, cashew milk is increasingly being adopted by health-conscious consumers, vegans, and foodservice providers seeking dairy-free solutions without compromising taste or functionality.

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Market Overview

Cashew milk occupies a distinct position within the broader plant-based milk category due to its naturally creamy consistency, absence of common allergens such as soy and gluten, and suitability for both sweet and savory applications. Available in plain and flavored varieties, as well as sweetened and unsweetened formats, cashew milk is widely used in beverages, cereals, desserts, cooking, and specialty coffee formulations.

The market has witnessed strong traction in North America, particularly in the United States, where the growth of specialty coffee chains and café culture has fueled demand for barista-style cashew milk. Cashew milk’s ability to froth well and complement coffee flavors has made it a preferred choice among cafés and restaurants. Beyond retail consumers, demand is also rising across hospitals, educational institutions, and wellness-focused foodservice outlets, driven by the need for allergen-friendly and nutritionally balanced dairy alternatives.

International trade in cashew milk is expanding, with the United States, the United Kingdom, and Germany emerging as key import markets. Favorable tariff structures and increasing global production capacity across the U.S., Europe, and Asia are supporting cross-border distribution and market penetration.

Key Growth Drivers

Growing Awareness of Health Benefits

One of the primary drivers of the cashew milk market is rising awareness of its health benefits. Cashew milk is rich in essential nutrients such as magnesium, healthy fats, antioxidants, and plant-based proteins. Regular consumption is associated with improved heart health, better blood sugar regulation, enhanced skin and eye health, and boosted immunity.

Cashew milk is also easy to digest and naturally cholesterol-free, making it suitable for individuals with lactose intolerance and those managing cardiovascular or metabolic health concerns. These benefits have positioned cashew milk as a functional beverage rather than just a dairy substitute.

Rising Demand for Natural Ingredients

Consumers are increasingly scrutinizing ingredient labels and favoring clean-label products made with minimal processing and natural ingredients. Cashew milk aligns well with this trend, particularly varieties formulated with just cashews, water, and salt. Non-GMO, soy-free, gluten-free, and preservative-free formulations are gaining strong consumer acceptance.

Ethical considerations such as animal welfare, environmental sustainability, and reduced carbon footprint are further accelerating the shift toward plant-based milk alternatives, including cashew milk.

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Expanding Applications Across Food and Beverage

Cashew milk’s versatility is driving its adoption across multiple applications. Beyond traditional beverage consumption, it is increasingly used in coffee, smoothies, desserts, soups, sauces, baked goods, yogurts, ice creams, and cooking creams. Foodservice operators and manufacturers are leveraging cashew milk’s neutral taste and creamy texture to develop innovative plant-based offerings.

Market Segmentation

By Type

The market is segmented into plain and flavored cashew milk.
The plain segment dominated the market in 2024, driven by growing demand for unsweetened and minimally processed beverages. Health-focused consumers prefer plain cashew milk due to its versatility and compatibility with various diets.

The flavored segment is expected to register the fastest growth during the forecast period, supported by the introduction of flavors such as vanilla, coffee, coconut, cinnamon, strawberry, and salted caramel. These variants appeal to younger consumers and those seeking indulgent yet plant-based alternatives.

By Distribution Channel

Supermarkets and hypermarkets remain the leading distribution channel, offering wide product visibility, brand variety, and in-store assistance that influences purchasing decisions. Major retail chains play a critical role in market penetration.

The online distribution channel is projected to grow at the fastest CAGR, supported by partnerships with e-commerce platforms and direct-to-consumer models. Online retail provides convenience, subscription options, and access to premium and niche cashew milk products.

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Regional Analysis

North America dominated the global cashew milk market in 2024 and is expected to maintain its leading position through 2032. The region benefits from high health awareness, strong vegan and flexitarian populations, and widespread availability of plant-based products. The presence of major manufacturers and café chains further supports regional growth.

The Asia-Pacific region is anticipated to witness the fastest growth rate during the forecast period. Rising disposable incomes, increasing lactose intolerance, changing dietary preferences, and expanding urban populations are key growth drivers. Growing awareness of plant-based nutrition and expanding retail infrastructure are further strengthening market prospects across countries such as Japan, China, India, and Southeast Asia.

Major Players

The global cashew milk market is characterized by active participation from established and emerging players focused on innovation, sustainability, and clean-label formulations. Key companies include:

  • Califia Farms

  • Elmhurst Milked Direct LLC

  • Forager Project

  • Pacific Foods

  • Alpro (Danone)

  • Plenish

  • Rude Health

  • Dream Blend SOLUTION

  • Naveia

  • Ripe Organic

These players are investing heavily in product development, nutrient fortification, sustainable packaging, and regional expansion. Strategic partnerships, e-commerce growth, and barista-focused product launches are shaping competitive dynamics across global markets.

Frequently Asked Questions (FAQ)

1. What segments are covered in the Global Cashew Milk Market report?
The market is segmented by Type (Plain and Flavored) and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, and Online).

2. Which region holds the largest share of the Global Cashew Milk Market?
North America holds the largest market share due to high consumer awareness and strong demand for plant-based beverages.

3. What is the expected market size of the Global Cashew Milk Market by 2032?
The market is expected to reach USD 79.99 million by 2032.

4. What is the forecast period for the Global Cashew Milk Market?
The forecast period is 2025 to 2032.

5. What was the market size of the Global Cashew Milk Market in 2024?
The market was valued at USD 52.12 million in 2024.

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