Cashew Milk Sales

Cashew Milk Sales Market Outlook

The global cashew milk market is projected to reach approximately USD 1.2 billion by 2035, growing at a CAGR of around 9.5% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for plant-based dietary options, as consumers become more health-conscious and environmentally aware. Additionally, the rise of lactose intolerance and dairy allergies has steered consumers towards alternative milk options like cashew milk, further propelling market expansion. The nutritional benefits of cashew milk, such as being rich in healthy fats, vitamins, and minerals, add to its appeal. Moreover, innovations in flavors and formulations are attracting more customers, enhancing the market's growth potential.

Growth Factor of the Market

One of the primary growth factors for the cashew milk market is the rising trend towards veganism and plant-based diets, which has led consumers to seek out alternatives to traditional dairy products. As health and wellness become focal points in consumer purchasing decisions, many are turning to cashew milk for its nutritional profile, which includes lower calories and zero cholesterol compared to whole milk. Furthermore, the growing awareness regarding the environmental benefits of consuming plant-based products, such as reduced carbon footprints and less water usage, has influenced many consumers' choices towards cashew milk. The variety of product types available, including organic and flavored options, also caters to diverse consumer preferences, encouraging wider acceptance of cashew milk in various culinary applications. Moreover, the convenience of online shopping and the expansion of distribution channels make these products more accessible, fostering market growth.

Key Highlights of the Market

• The cashew milk market is expected to grow at a CAGR of 9.5% from 2025 to 2035.
• The introduction of innovative flavors and formulations is enhancing consumer attraction.
• Health-conscious consumers are increasingly opting for cashew milk due to its nutritional benefits.
• The rise of lactose intolerance and dairy alternatives is driving demand for plant-based milk.
• Growing online retail platforms are making cashew milk more accessible to consumers.

By Product Type

Plain Cashew Milk:

Plain cashew milk is a popular choice among consumers who prefer a simple, unflavored beverage that retains the natural taste of cashews. This product type is often favored for its versatility and is commonly used in various recipes, from smoothies to sauces. The clean label trend, where consumers seek products with fewer ingredients, has positively influenced the demand for plain cashew milk. Additionally, due to its creamy texture, plain cashew milk serves as an excellent base for homemade dairy substitutes, underscoring its appeal among health enthusiasts and culinary aficionados alike.

Flavored Cashew Milk:

Flavored cashew milk has gained traction as manufacturers experiment with various taste profiles to cater to diverse consumer preferences. Options such as vanilla, chocolate, and matcha have become increasingly popular, attracting younger demographics and consumers looking for indulgent yet healthier alternatives to dairy milk. The flavored variants are often marketed as a suitable choice for children and millennials, who seek both taste and health benefits. This growing demand for flavored cashew milk is expected to drive innovation, prompting brands to create unique and enticing blends to capture market share.

Unsweetened Cashew Milk:

Given the increasing awareness regarding sugar intake and its health implications, unsweetened cashew milk has become a sought-after option for consumers looking for a healthier dairy alternative. This product type is ideal for individuals who are keen on maintaining a healthy lifestyle, as it contains no added sugars, making it suitable for those following ketogenic or low-carb diets. The unsweetened variant is often utilized in coffee, smoothies, and cooking, allowing consumers to enjoy the rich flavor of cashew milk without the guilt associated with added sugars, thus driving its demand in health-centric markets.

Sweetened Cashew Milk:

Sweetened cashew milk caters to consumers who prefer a touch of sweetness in their beverages. Often enriched with natural sweeteners or flavored syrups, this product type appeals to those transitioning from traditional dairy milk or consumers looking for a tasty addition to their morning routines. Sweetened cashew milk can be particularly attractive for use in desserts and baked goods, providing an appealing alternative for recipes that call for traditional dairy. With the increasing interest in plant-based diets, sweetened cashew milk is carving out a significant niche, especially among families and younger consumers.

Organic Cashew Milk:

Organic cashew milk is gaining traction among health-conscious consumers who prioritize natural and sustainably sourced products. This product type is often perceived as a premium option, appealing to individuals concerned about additives and pesticides in their food. The organic certification not only signifies quality but also aligns with the growing consumer trend towards environmentally friendly and ethical consumption. With the increasing availability of organic cashew milk in various retail channels, its market share is anticipated to rise as more consumers choose organic for their dietary needs.

By Application

Dairy Alternatives:

The application of cashew milk as a dairy alternative has been a primary driver of its market growth. Consumers are increasingly substituting traditional dairy products with plant-based options due to dietary restrictions, lactose intolerance, or personal lifestyle choices such as veganism. Cashew milk serves as an excellent alternative for various dairy applications including milk, cream, and yogurt, fostering its adoption in households and food service establishments. The creamy texture and rich flavor of cashew milk make it a favorable choice for those seeking to replicate the sensory experience of dairy without compromising on taste or health.

Beverages:

Cashew milk is finding its way into the beverage segment as a popular ingredient in smoothies, coffee, and shakes due to its smooth mouthfeel and nutty flavor. As the beverage industry continues to innovate with plant-based options, cashew milk has emerged as a preferred choice among consumers looking for non-dairy milk alternatives. Its compatibility with various flavors and its ability to enhance nutritional profiles make it a go-to option for health-focused beverages. The rising trend of adding nut milk to coffee shop menus has further improved the visibility and acceptance of cashew milk in everyday beverage consumption.

Desserts:

In the desserts category, cashew milk is increasingly being utilized in the preparation of dairy-free treats. From ice creams to puddings, this versatile ingredient offers a rich and creamy alternative for those looking to indulge without dairy. The ability to create delicious and guilt-free desserts has made cashew milk a favorite among bakers and home cooks alike. With the rise of food blogs and social media showcasing dairy-free recipes, the demand for cashew milk in dessert applications is anticipated to grow, reflecting broader consumer trends towards healthier indulgences.

Bakery:

Cashew milk's application in bakery products is an emerging trend, providing an alternative for milk in recipes for breads, muffins, and cakes. The nutty flavor of cashew milk can enhance the overall taste of baked goods, offering a unique twist that appeals to adventurous palates. With increasing numbers of consumers seeking out plant-based options, many bakers are incorporating cashew milk into their recipes to cater to a growing audience that is keen on avoiding dairy. As more bakeries and food brands experiment with cashew milk, its presence in the bakery segment is expected to expand significantly.

Others:

Beyond dairy alternatives and beverages, cashew milk is finding applications in a variety of culinary settings, including sauces, soups, and dressings. The versatility of cashew milk allows it to be integrated into numerous recipes, enhancing flavors and providing creaminess without the use of animal products. This adaptability has led to an increase in consumer acceptance, elevating cashew milk's status as a staple ingredient in plant-based cooking. As consumers become more adventurous in their cooking, the demand for cashew milk across diverse culinary applications is projected to rise.

By Distribution Channel

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets serve as significant distribution channels for cashew milk, offering convenience and variety to consumers. These retail outlets typically feature dedicated sections for plant-based products, enabling shoppers to easily locate cashew milk alongside other dairy alternatives. The presence of well-known brands and private labels in these stores enhances consumer trust and encourages purchases. Furthermore, promotional discounts and in-store tasting events frequently boost sales, making supermarkets and hypermarkets a primary shopping destination for cashew milk consumers.

Convenience Stores:

Convenience stores present an essential distribution channel for cashew milk, particularly due to their accessibility and the increasing consumer tendency to purchase on-the-go. The demand for ready-to-drink plant-based beverages is driving convenience stores to stock a variety of cashew milk options, catering to busy lifestyles. These stores are strategically positioned to capture impulse purchases, making them a vital part of the cashew milk supply chain. With the rising trend of health-conscious consumers looking for quick and nutritious options, convenience stores are expected to play an increasingly important role in the cashew milk market.

Online Retail:

Online retail has emerged as a crucial distribution channel for cashew milk, particularly in light of the shift towards e-commerce due to the COVID-19 pandemic. Consumers are increasingly opting for the convenience of ordering groceries online, including specialty products like cashew milk. E-commerce platforms offer a broader selection of brands and flavors, often featuring detailed product descriptions and reviews, which enhance consumer confidence in their purchases. The growth of subscription services for plant-based products is also contributing to the expansion of cashew milk's market reach through online channels.

Specialty Stores:

Specialty stores that focus on health foods and organic products are significant players in the distribution of cashew milk. These stores are often frequented by health-conscious consumers who are specifically looking for plant-based alternatives. The curated selection of products in specialty stores allows consumers to discover unique flavors and brands that may not be available in mainstream supermarkets. As the demand for clean-label and organic products continues to rise, specialty stores are likely to see a steady increase in cashew milk sales, catering to a dedicated customer base.

Others:

Other distribution channels for cashew milk include cafes, restaurants, and food service providers, which have started incorporating cashew milk into their offerings to cater to the growing number of patrons seeking dairy-free options. This trend has encouraged more food establishments to experiment with cashew milk in beverages, smoothies, and dishes, thereby expanding its consumer reach. As restaurants and cafes respond to consumer preferences for plant-based options, the potential for cashew milk to gain traction in food service applications is likely to grow, further enhancing its market presence.

By Ingredient Type

Original Cashews:

Original cashews form the base ingredient for cashew milk, providing a rich, creamy texture and a subtle nutty flavor that is highly appealing to consumers. The use of raw cashews in the production of cashew milk is a common practice, ensuring that the final product retains the natural taste and nutritional benefits associated with cashews. Original cashews are often sought after by health-conscious consumers who appreciate the simplicity and purity of ingredients. As the demand for clean-label products rises, the preference for original cashews in cashew milk formulations is expected to strengthen.

Roasted Cashews:

Using roasted cashews in cashew milk production adds a distinctive flavor profile, enhancing the overall taste and appeal of the beverage. Roasted cashews bring out a deeper nuttiness and can elevate the sensory experience for consumers accustomed to traditional dairy flavors. This ingredient type is particularly favored in flavored cashew milk options, as the roasting process can complement various taste profiles, making the product more enticing. As consumer preferences shift towards bold flavors, the use of roasted cashews in cashew milk is likely to gain traction in the market.

Salted Cashews:

Salted cashews have found their way into the ingredient mix of cashew milk, offering an intriguing balance of savory and sweet. This adaptation caters to consumers who enjoy a salted flavor in their beverages, particularly in specialty drinks or culinary applications. Salted cashew milk can be used creatively in recipes, providing a unique twist to traditional uses, such as in desserts or savory sauces. As the trend for unique flavor combinations continues, the inclusion of salted cashews in cashew milk formulations is expected to resonate with adventurous consumers.

Spiced Cashews:

Spiced cashews in cashew milk cater to a niche market looking for an exotic twist in their plant-based beverages. The infusion of spices can elevate the flavor profile, providing a distinctive edge that appeals to consumers seeking novel experiences. This ingredient type allows manufacturers to create unique blends that cater to various culinary cultures, from chai-inspired flavors to spiced dessert options. The growing trend towards flavor experimentation is likely to boost the demand for cashew milk made with spiced cashews, appealing to consumers who enjoy adventurous and diverse taste experiences.

Smoked Cashews:

Smoked cashews represent an innovative ingredient type that can add depth and complexity to cashew milk. The distinct flavor of smoked cashews brings a unique character to the milk, making it a sought-after option for specific culinary applications, such as in sauces or dressings. This ingredient type appeals to consumers looking to explore bold and unconventional flavors, offering an alternative to standard cashew milk offerings. As trends shift towards gourmet and artisanal products, the use of smoked cashews in cashew milk is expected to garner interest from discerning consumers.

By Region

The North American cashew milk market is poised for significant growth, driven by the rising trend of plant-based diets and increasing consumer awareness regarding health and wellness. The United States represents a substantial portion of the market, where the popularity of non-dairy milk alternatives has surged in recent years. With major retailers and supermarkets expanding their selection of plant-based products, the North American region is expected to witness a CAGR of approximately 10% from 2025 to 2035. As more consumers gravitate towards lactose-free and dairy-free options, the presence of cashew milk in grocery stores and cafes is likely to expand rapidly.

In Europe, the demand for cashew milk is also growing, although at a slightly slower pace compared to North America. The increasing focus on sustainability and ethical consumption is influencing European consumers to explore plant-based alternatives, including cashew milk. Countries like Germany, the United Kingdom, and France are leading the charge with their strong retail infrastructures and consumer bases interested in health-focused products. The European cashew milk market is projected to grow at a CAGR of 8.0% during the forecast period, reflecting the steady adoption of dairy alternatives throughout the region.

Opportunities

One of the most promising opportunities for the cashew milk market lies in the continuous innovation of product formulations. As consumers become increasingly adventurous in their taste preferences, there is significant potential for manufacturers to develop new flavors and blends that cater to diverse palates. Additionally, the growing trend towards organic and ethically sourced products provides an opening for cashew milk brands to market organic options that appeal to health-conscious consumers. Being proactive in ingredient sourcing and transparency about production practices can enhance brand loyalty, thus creating substantial growth opportunities in the market.

Another notable opportunity is the expansion of distribution channels, particularly through online retail. The ongoing digital transformation in the retail landscape allows cashew milk brands to reach a wider audience and tap into the growing population of e-commerce shoppers. As consumer behavior shifts towards convenience and accessibility, brands that invest in online platforms and enhance their digital presence will likely enjoy a competitive edge. Furthermore, collaborations with meal kit delivery services and healthy food subscription boxes can further increase market penetration, providing consumers with easy access to cashew milk as part of their regular diets.

Threats

The cashew milk market faces threats from intense competition among dairy alternative products, including almond, soy, and oat milk. As more consumers explore plant-based diets, the market is becoming increasingly saturated with various non-dairy options, leading to price wars and challenging profit margins for cashew milk brands. Additionally, consumer preferences can change rapidly, influenced by trends and the availability of new products, which poses a constant risk to market stability. To mitigate these threats, cashew milk producers must focus on differentiating their offerings through unique formulations or certifications that resonate with their target audience.

Another significant threat is the potential adverse impacts of environmental changes on cashew production. Cashew trees are sensitive to climate variations, and factors such as droughts, floods, or disease outbreaks could lead to reduced nut yields and increased production costs. Such challenges could result in supply chain disruptions and higher prices for cashew milk, negatively affecting its competitiveness against other dairy alternatives. Brands must work towards developing sustainable sourcing practices and ensuring robust supply chain management to address these challenges proactively.

Competitor Outlook

• Nutty Life
• Milkadamia
• So Delicious Dairy Free
• Califia Farms
• Blue Diamond Growers
• Silk
• Almond Breeze
• Oatly
• Plant Based Foods Association
• Rude Health
• Earth Balance
• Koko Dairy Free
• Pure Harvest
• Minor Figures
• Rebel Kitchen

The competitive landscape of the cashew milk market is characterized by a diverse range of players, from established brands to emerging startups. Major companies in the sector are continuously innovating to differentiate their offerings, focusing on unique flavors, organic certifications, and sustainable sourcing practices. The consolidation of brands through mergers and acquisitions is also evident as companies look to expand their market presence and enhance their product portfolios. The competition is not limited to product differentiation; effective marketing strategies, consumer engagement, and brand loyalty are also crucial elements that drive success in this crowded market.

Several prominent players dominate the cashew milk landscape, such as Nutty Life and Milkadamia, which are recognized for their commitment to high-quality ingredients and sustainable practices. Nutty Life offers a range of nut-based beverages, positioning itself as a leader in the health-conscious segment. Similarly, Milkadamia is known for its smooth, creamy cashew milk made from sustainably sourced cashews, appealing to environmentally conscious consumers. Both companies continue to expand their product lines and distribution networks to capture a larger share of the growing plant-based market.

Other notable competitors include Califia Farms and So Delicious Dairy Free, both of which have established strong brand identities and a loyal customer base. Califia Farms is particularly known for its innovative packaging and high-quality dairy alternatives, while So Delicious has a robust portfolio of plant-based products catering to various dietary needs. These companies actively engage in marketing campaigns aimed at highlighting the health benefits of their products, thus driving consumer awareness and demand. As competition intensifies, the focus on maintaining competitive pricing while ensuring product quality will be paramount for sustained growth.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Silk
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Oatly
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Milkadamia
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Nutty Life
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Rude Health
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Pure Harvest
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Almond Breeze
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Califia Farms
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Earth Balance
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Minor Figures
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Rebel Kitchen
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Koko Dairy Free
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Blue Diamond Growers
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 So Delicious Dairy Free
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Plant Based Foods Association
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cashew Milk Sales Market, By Application
    • 6.1.1 Dairy Alternatives
    • 6.1.2 Beverages
    • 6.1.3 Desserts
    • 6.1.4 Bakery
    • 6.1.5 Others
  • 6.2 Cashew Milk Sales Market, By Product Type
    • 6.2.1 Plain Cashew Milk
    • 6.2.2 Flavored Cashew Milk
    • 6.2.3 Unsweetened Cashew Milk
    • 6.2.4 Sweetened Cashew Milk
    • 6.2.5 Organic Cashew Milk
  • 6.3 Cashew Milk Sales Market, By Ingredient Type
    • 6.3.1 Original Cashews
    • 6.3.2 Roasted Cashews
    • 6.3.3 Salted Cashews
    • 6.3.4 Spiced Cashews
    • 6.3.5 Smoked Cashews
  • 6.4 Cashew Milk Sales Market, By Distribution Channel
    • 6.4.1 Supermarkets/Hypermarkets
    • 6.4.2 Convenience Stores
    • 6.4.3 Online Retail
    • 6.4.4 Specialty Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Cashew Milk Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cashew Milk Sales market is categorized based on

By Product Type

• Plain Cashew Milk
• Flavored Cashew Milk
• Unsweetened Cashew Milk
• Sweetened Cashew Milk
• Organic Cashew Milk

By Application

• Dairy Alternatives
• Beverages
• Desserts
• Bakery
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores
• Others

By Ingredient Type

• Original Cashews
• Roasted Cashews
• Salted Cashews
• Spiced Cashews
• Smoked Cashews

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Nutty Life
• Milkadamia
• So Delicious Dairy Free
• Califia Farms
• Blue Diamond Growers
• Silk
• Almond Breeze
• Oatly
• Plant Based Foods Association
• Rude Health
• Earth Balance
• Koko Dairy Free
• Pure Harvest
• Minor Figures
• Rebel Kitchen