How Big is the Cashew Milk Market | Size, Demand & Future Growth 2025

Code: MTA5743 Publication Date: Jul 2025

What is the size of Cashew Milk Market?

According to 6Wresearch internal database and industry insights, the Globla Cashew Milk Market was estimated at USD 1.4 billion in 2024 and is projected to reach USD 3.4 billion by 2031, growing at a CAGR of 4.1% during the forecast period 2025–2031.

There are several growth factors which are contributing in the expansion of the market which include the rising popularity of plant-based diets, lactose intolerance among consumers, and the growing shift toward sustainable and dairy-free alternatives.

Key Growth Drivers of the Cashew Milk Market

  • Rising consumer demand for dairy-free and vegan alternatives
  • Increasing lactose intolerance and dairy allergies across populations
  • Growth of clean-label, non-GMO, and organic beverage segments
  • Expanding use of cashew milk in cafes, bakeries, and ready-to-drink applications
  • Rising awareness around sustainable and ethical food choices

Cashew Milk Market Trends

Cashew Milk Market is growing with trends such as shifting towards nutrient-rich and allergen-free milk alternatives, with cashew milk standing out for its creamy texture and neutral flavour. As the innovations are occurring in flavoured, sweetened, and fortified cashew milk varieties, often enriched with calcium, vitamin D, and B12. The preference for unsweetened and barista-grade formulations is increasing used in coffee and culinary applications. Other trends like packaging trends emphasize recyclable, single-serve, and aseptic cartons to cater to health-conscious and on-the-go consumers.

Emerging Developments in the Cashew Milk Market

The cashew milk is developing with the time, as the investments are increasing in clean-label, fortified cashew milk with functional benefits like gut health and immunity. The focus of R&D is increasing on longer shelf-life through cold-pressed and UHT processing technologies. Also, thestartups are launching barista-focused blends tailored for frothing and flavour balance. Other sustainable sourcing and ethical cashew supply chains are being highlighted in branding. Further, the private labels and supermarket brands are entering the segment with competitive pricing and variety.

Leading Companies in the Cashew Milk Market

  • Danone S.A. (Silk)
  • Pacific Foods of Oregon
  • Plenish Clean Drinks
  • Elmhurst 1925
  • Nutty Life
  • Rude Health
  • Dream Plant-Based (SunOpta)
  • Almond Cow
  • Forager Project
  • Goodmylk Co.

How Big is the Cashew Milk Market : FAQ's

The cashew milk market was estimated at USD 1.4 billion in 2024 and is projected to reach USD 3.4 billion by 2031.
The cashew milk market is projected to grow at a CAGR of 4.1% between 2025 and 2031.
Primary drivers include the rise in plant-based diets, lactose intolerance, clean-label trends, and premiumization of dairy-free beverages.
Major players include Silk (Danone), Elmhurst, Pacific Foods, Forager Project, and Dream Plant-Based.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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