In 2023, the global cashew milk market reached USD 228 million. By 2025 demand for cashew milk would peak at USD 248.2 million. Sales of the suture thread laced with anticancer drug will also accrue a sales value of USD 396.3 million by the end of 2035, attaining a rate of 4.9% CAGR in global sales over the course of the forecast period 2025 to 2035.
Increase in the demand for plant based dairy alternatives is one of the main factors driving the cashew milk market. Action: With cases of lactose intolerance on the rise and more people following vegan diets, consumers want non-dairy milk but still want taste and nutrition..
Health-minded shoppers tend to love cashew milk, which has a creamy consistency and a naturally sweet flavor. Companies like Silk, Elmhurst and So Delicious have built out their cashew milk lines, catering to a wide range of consumers, from those seeking organic, to unsweetened, to fortified cashew milk.
There is a range of formulations for the cashew milk being made, including refrigerated, shelf-stable and barista/foam-friendly products. As the trend for functional beverages continues to rise, the demand for cashew milk and fortified cashew milk with vitamins, minerals, and protein has also grown.
Moreover, clean-label and environmentally friendly packaging efforts were factors in product selection, including companies emphasizing sustainable sourcing and short ingredient lists.
The growth of cashew milk market has been significantly driven by changing consumer perceptions towards plant-based dairy options. With lower calorie count compared to dairy milk, healthy fats and no cholesterol, cashew milk is gaining high popularity among those conscious of nutrition and health benefits. In addition, innovations on flavor, texture and functional food ingredients like added protein and probiotics have further enhanced appeal for products.
The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2024) and the current year (2025) for the global cashew milk industry. This analysis highlights crucial shifts in market performance and revenue trends, giving stakeholders better insight into growth patterns.
| Particular | Value CAGR |
|---|---|
| H1 | 4.6 % (2024 to 2034) |
| H2 | 4.7 % (2024 to 2034) |
| H1 | 4.8 % (2025 to 2035) |
| H2 | 4.9 % (2025 to 2035) |
The industry is expected to witness a CAGR of 4.8% in the first half (H1) of the decade 2025 to 2035 and 4.9% in the second half (H2) of the same decade. In the subsequent periods (H1 2025 and H2 2035), we have our second period with CAGR remaining stable at higher levels. Answer: Steady demand from the expanding trend of switching to plant-based milk, clean-label food items, and sustainable food products.
Tier 1 Major brand entries, with high revenue potential, good distribution, and recognition are dominating cashew milk. These companies spend considerable sums on marketing, product development, and retail distribution to stay in front. One of the major players in the space is Silk, which is a division of the company Danone and has a wide range of products, from nut and soy to cashew milk and is available nationwide.
Another competitor known for being a top dairy-free competitor is So Delicious, creates a strong position in dairy free as a premium brand offering cashew milk in a number of forms including creamers and frozen desserts. To retain their competitive edge, these brands take advantage of the economy of scale gained through mass production, comprehensive retails systems, and cleverly-designed advertising campaigns.
Tier 2 is brands that are still growing, often smaller or mid-sized but still boast a loyal customer base; they may focus on natural ingredients, sustainability, and premium formulations. Califia Farms, for instance, produces cashew milk blends with almonds and oats, giving health-conscious consumers with a desire for cleaner labels options.
Elmhurst 1925, another essential player, is best known for its minimal-ingredient cashew milk, made with no additives or stabilizers. These brands appeal to consumer seeking high-quality, plant-based alternatives that prioritize purity, performance and sustainability.
Tier 3 comprises upstarts and smaller brands that are gaining traction in the cashew milk segment through direct-to-consumer models and specialty distribution channels. They tend to highlight special formulations, organic certifications and online sales. One brand, JOI, makes a concentrated cashew milk base that consumers can then combine with water to make fresh cashew milk at home, allowing for more customization and less waste.
Upmarket artisanal brands, like Three Trees, focus on clean-label, organic cashew milk aimed at premium health-conscious customers. These companies use channel partnerships, digital marketing, social media, and e-commerce platforms to increase brand visibility and broaden their customer base
Healthy and Clean-Label Reformulations
Shift: Consumers are also searching for dairy-free, plant-based and clean-label replacements, and that makes cashew milk particularly fashionable in the non-dairy milk space. Meanwhile, consumers are moving towards low-calorie, unsweetened and functional beverages, especially in the USA, UK, Canada and Australia, where they're opting for organic, preservative-free and nutrient-rich alternatives. Fortified cashew milk, with added protein, calcium and probiotics, is also becoming popular.
Strategic Response: In response to this shift, Silk and Elmhurst launched unsweetened and organic cashew milk products, catering to the increased consumer demand for clean-label and low-calorie beverages. Forager Project introduced a cashew milk with added plant-based protein and probiotics, targeting gut-health-conscious consumers. Three Trees put cold-pressed cashew milk on the market with minimal ingredients that focused on purity and nutrition. Nutty Life, in the meantime, got started with homemade-style preservative-free cashew milk, harnessing the artisanal, clean-eating movement.
RTD and On-the-Go Formats Expansion
Shift: Consumers are leaning towards grab-and-go plant-based beverage solutions, making RTD cashew milk-based lattes, smoothies and protein shakes very desirable. Countries such as Japan, South Korea, and the U.S. where consumption-driven convenience is increasing and the demand for ready to eat and drink, travel convenient, cashew milk had increased.
Strategic response: Recognizing the trend, California Farms launched RTD cashew milk lattes and blended cold brews, resulted in a 12% increase in on-the-go purchases. Silk launched single-serving packs of RTD cashew milk, designed for busy professionals and students. Suntory (Japan) introduced RTD cashew milk smoothies in Asia to drive demand for nutrient-dense, plant-based beverages. Also, Pureharvest (Australia) launched long-life packs of cashew milk, appealing to consumers looking for non-dairy alternatives outside the chiller cabinets.
Targeting Millennials and Gen Z through Innovation
Shift: Over 65% of consumers of plant-based milk are millennials and Gen Z, and they are pushing the demand for unusual flavors, functional benefits and sustainable sourcing. Cashew milk which is vegan, lactose-free and gluten-free has also capitalized on the popularity of food trends spread through social media, including cashew milk lattes, smoothies and non-dairy desserts.
Strategic Response: To attract this group, Elmhurst introduced flavored cashew milk options such as matcha and turmeric and chai-infused varieties resulting in a 20% increase in Gen Z purchasing. Oatly (which last year branched out into products that replace nuts with milk) launched its own cashew milk coffee creamers, aimed toward the popularity of dairy-free café-style drinks.
Forager Project utilized TikTok influencers and food bloggers to share cashew milk-based smoothie bowls and coffee recipes delivering over 30 percent increase in digital engagement. Nutpods also introduced cashew milk-based barista blends, which target home baristas and coffee lovers.
Deepening Retail and E-Commerce in USA
Shift: Consumers now expect to find cashew milk in stores, grocery chains and online. DTC (direct-to-consumer) models and subscription services have made it simple for consumers to seek out specialty cashew milk labels.
Strategic Response: Whole Foods and Trader Joe’s (USA) added 10% more shelf space to premium cashew milk brands at their retail locations and per capita spending on nut-based milk alternatives increased by 15%. Sales of cashew milk online increased by 20 percent as Instacart and Amazon Fresh carried more cashew milk products.
In the UK and Canada, Plenish and Rude Health strengthened their DTC cashew milk subscription services, realizing a whopping 18% increase in customer retention rates. On the other hand, Australia’s Pureharvest teamed up with major supermarkets to expand distribution in rural regions, making cashew milk more accessible.
Brewing with Sustainability and Ethical Sourcing Commitments
Shift: As sustainability rises as a consideration in purchase, consumers increasingly demand ethically-sourced cashews, eco-friendly packaging and carbon-neutral production methods. In both the U.K. and U.S., more than 50% of dairy-free milk consumers are more inclined toward brands that advocate for fair trade and support regenerative agriculture.
Strategic Response: Silk and Forager Project made a strategic sustainability counterbalance by using ethically sourced cashews grown by small-scale farmers, resulting in an 8% spike in eco-conscious sales. Elmhurst also switched to 100% recyclable cartons, eliminating 40% plastic waste. In India, cashew is a huge farming industry, and RAW Pressery tapped this by sourcing local organic cashew milk to drive a 12% jump in sustainable consumers buying habits. Califia Farms, meanwhile, introduced a line of carbon-neutral cashew milks, for climate-conscious consumers.
Pricing Strategies Expanding the Outreach
Shift: As cashew milk is often considered a premium product, its affordability is a major consideration to expand the market. As plant-based milk substitutes become part of consumers' daily diets, especially in emerging markets, consumers are seeking affordable alternatives.
Strategic Response: Silk and So Delicious offered value-sized cashew milk cartons, reducing the per-serving cost by 10% to make the offering more affordable. 365 by Whole Foods Market introduced a private-label cashew milk, resulting in a more affordable price for really convenient, organic, dairy-free goodness. In India and Southeast Asia, where consumption of plant-based milk is rising,
RAW Pressery and Epigamia rolled out single-serving cashew milk pouches and 14 percent of first-time purchasers bought pouches. Nutty Life has since increased its availability through gym cafés and restaurants, allowing businesses to go into operations that use cashew milk, which isn’t a cheap ingredient.
Maximizing E-Commerce and Subscription Opportunities
Shift: Growers are increasingly ordering plant-based milk through online grocery services and direct-to-consumer platforms. More than 35% of cashew milk consumers now rely on subscriptions, resulting in large growth in DTC sales.
Strategic Response: To reach online shoppers, Forager Project and MALK Organics saw a 30% boost in cashew milk subscriptions via their direct-to-consumer platforms. The cashew milk market was boosted 18% from online sales among Amazon and Thrive Market’s expanded bulk cashew milk offerings.
Nutpods and Elmhurst rolled out customized cashew milk subscription boxes for a mix-and-match flavor experience, and saw a corresponding 22% increase in retention rates. Peapod and FreshDirect added plant-based milk delivery, while cashew milk became more common in the city.
The following table shows the estimated growth rates of the top five territories expected to exhibit high consumption of cashew milk through 2035.
| Country | CAGR 2025 to 2035 |
|---|---|
| USA | 3.9% |
| Germany | 4.1% |
| China | 2.6% |
| Japan | 6.7% |
| India | 4.4% |
In the USA the cashew milk market is rising, with growing demand for dairy-free, plant-based milk products among consumers. With a growing number of Americans looking for nutritious and sustainable alternatives, demand is increasing for unsweetened, organic and fortified cashew milk. The growth is especially robust among lactose-intolerant consumers, vegans, and health-conscious consumers seeking clean-label and functional dairy alternatives.
Furthermore, clean-label trends and the developments of new cashew milk formulations further the market growth. Food manufacturers have responded by rolling out cashew milk that is high-protein, omega-3-enriched, and barista-friendly. The growing popularity of flexitarian lifestyles and shifting towards plant-based diets is also propelling the growth of cashew milk market as a replacement for coffee, smoothies, and baking applications. Key sales channels supermarkets, hypermarkets, and e-commerce platforms, continue to dominate, providing a range of cashew milk products to appeal to consumer preferences.
Germany cashew milk market is expanding steadily owing to the EU regulations that support organic, non-GMO, and sustainable plant-based products. With the German consumer focusing on superior quality products with fewer additives, organic cashew milk has become a staple among eco-conscious, health-conscious households.
Changing lifestyles, awareness regarding healthier alternatives, and innovation in cashew milk (such as fortified cashew milk with added nutrients such as calcium, vitamin D, omega fatty acids, etc.) in health food stores, online retail and specialty supermarkets are driving growth. Given Germany’s benchmark for clean-label, minimally processed dairy alternatives, manufacturers are also innovating on the fermentation front to bring new cashew milk products as well as barista-friendly nut milk formulations.
In addition to that, the increasing vegan and flexitarian consumers are creating enormous opportunities in the cashew-based dairy products including creamers, and yogurts. Such products are in line with sustainability and health trends that enhance Germany as an important European market for innovative nut drinks.
The China cashew milk market is growing at double digit compound annual growth rates, measured by sales, fuelled by the growth of plant-based diet trends, growth of middle-class consumer market, and growth of functional beverage markets. The fortified cashew milk, cashew-based creamers and protein-enriched nut milk blends sell out in urban areas where convenience and nutrition are king.
India has particularly embraced e-commerce, with online platforms providing a wide selection of imported and local cashew milk options, benefiting from the boom in the Chinese e-commerce industry and driving market growth. In addition, China’s government-driven promotion of plant-based nutrition is fuelling investment in domestic cashew nut farming and development of sustainable dairy-free products.
Nut-based dairy alternatives have increased in popularity among lactose-intolerant consumers, resulting in heavy investments in cashew milk manufacturing. Both international and homegrown brands are capitalizing on the trend by introducing flavored cashew beverages and ready-to-drink nutritional shakes.
High consumer interest in digestive health, functional beverages, and premium-quality plant-based dairy substitutes drives Japan’s cashew milk market. Cashew milk with probiotics, matcha-infused blends and low-sugar formulations appeal to Japanese consumers as beauty, wellness and longevity benefits.
Meanwhile, advancements from Japan in enzyme-assisted processing of cashew nuts is providing highly digestible and fortified varieties of nut milk. High-quality, nutrient-dense plant-based products are being chased by cashew milk from high-end supermarkets, specialty health stores, and online platforms. As wellness and longevity take center stage, Japan continues to hold a strategic position for nut-based dairy alternative innovation.
| Segment | Value Share (2025) |
|---|---|
| Liquid (By Form) | 68.4% |
Liquid cashew milk is widely popular amongst consumers owing to their ease and readiness to drink as well as it can be used in various culinary applications. Liquid cashew milk is increasingly in demand due to the rising trend of dairy-free diet and the growing popularity of plant-based milk. The product has become a commonly used dairy alternative, prevalent in coffee, smoothies, cereals, and baking, as it has become a household and foodservice staple.
In addition, liquid cashew milk has nutritional supplements such as calcium, vitamin D, and protein, thus making it an ideal choice for health-conscious consumers. This is where the different packaging options in which milk can be packaged be it in cartons or in bottles also play a role as they offer the advantage of storage and increased shelf life.
The increasing consumption of fortified and functional plant-based milk, including those with probiotics and omega-3 fatty acid, is augmenting the market demand for the liquid cashew milk segment. As manufacturers make investments in R&D, taste and texture are consistently improving, resulting in liquid cashew milk to evolve as an ideal alternative to traditional dairy products.
| Segment | Value Share (2025) |
|---|---|
| Supermarkets and Hypermarkets (By Sales Channel) | 53.2% |
The dominant sales channel for cashew milk is the supermarket and hypermarket channel, which offers a wide range of products. This trend has also significantly boosted sales via this channel, driven by growing consumer preference to physically check and compare different brands and flavors and packaging in store. Supermarkets also offer better visibility and promotions, such as discounts and bundles, which encourage impulse purchases and bulk buying.
As demand continues to surge, retailers are expanding their plant-based dairy sections, devoting more shelf space to cashew milk. Supermarkets stock both refrigerated and shelf-stable versions of cashew milk the former for instant hydration, the latter for a thirst that can wait.
They work with cashew milk brands to put unique and limited-edition flavors on store shelves, as well as organic brands, driving sales. As supermarkets cling to their online service and home structure, it reinforces the supermarket position in the cashew milk Being as they provide reachability and accessibility for the maximum number of consumers.
The cashew milk market is competitive, with key players also focusing on sustainable sourcing, processing quality of nuts, and related applications in specialty coffee, wellness drinks, and function nutrition. Brands are investing in sophisticated cold-pressed extraction technologies, barista-style formulations which are dairy-free, as well as cashew-based protein fortifications.
Market movers like Silk and Califia Farms, who have the market and expertise were derived from centuries of working with various plant-based milk innovations, paired with Danone's offering of clean-label production, and the Forager Project’s flagship of premium cashew nut-based dairy replacements. Several players are expanding North American and Asia-Pacific distribution networks in response to increasing demand for nut-based milk alternatives.
Among the key strategies are partnerships with plant-based coffee brands, investment in shelf-stable cashew milk and development of allergen-free dairy alternatives. Also, they're using eco-friendly packaging, regenerative cashew farming and non-GMO ingredient sourcing.
For instance:
Based on the form, the cashew milk market is divided into powder and liquid.
Based on end use, the global industry has been categorized into food and beverages, nutraceuticals and baby food, personal care, pharmaceuticals, and others.
Based on the sales channel, the cashew milk market is divided into supermarket and hypermarket, online retail, and others.
When it comes to packaging, the industry market has been segmented into cartons, pouches, jars, bottles, cans, and others.
Based on the product type, the cashew milk market is divided into plain cashew milk and flavored cashew milk.
The market is segmented as North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Central Asia, Russia and Belarus, Balkan & Baltic Countries, Middle East and Africa.
The global cashew milk market is projected to reach USD 248.2 Million in 2025.
The market registered a CAGR of 4.2% between 2020 and 2024.
Key players include Silk, Califia Farms, Provamel , Alpro, and Forager Project.
North America is expected to dominate due to high demand for plant-based milk alternatives and premium nut-based dairy substitutes.
The market is forecasted to grow at a CAGR of 4.9% from 2025 to 2035.
Key drivers include rising demand for dairy-free alternatives, increasing plant-based diets, growing functional beverage trends, and advancements in sustainable nut milk processing technologies.
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