캐슈밀크 시장 규모, 점유율, 성장 분석 : 제품 유형별, 포장별, 유통 채널별, 지역별 - 산업 예측(2025-2032년)

Global Cashew Milk Market size was valued at USD 58.2 million in 2023 and is poised to grow from USD 61.75 million in 2024 to USD 99.17 million by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

The cashew milk market is witnessing notable growth driven by increasing health consciousness among consumers, a rising demand for plant-based alternatives, and the pursuit of dairy-free options. Cashew milk has emerged as a popular choice, thanks to its creamy texture and nutty flavor that mimic traditional dairy milk. This trend reflects a broader acceptance of plant-based diets and a desire for nutritious beverages. Cashew milk's appeal is particularly strong among health-focused consumers, as it boasts lower calories and saturated fats than regular milk, while also delivering essential vitamins, minerals, and antioxidants. Moreover, the demand for clean-label products has surged, as consumers seek transparency in ingredients. With its simple composition of cashews, water, and natural sweeteners, cashew milk aligns perfectly with these evolving consumer preferences.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cashew Milk market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Cashew Milk Market Segments Analysis

Global Cashew Milk Market is segmented by Product Type, Packaging, Distribution Channel and region. Based on Product Type, the market is segmented into Plain and Flavoured. Based on Packaging, the market is segmented into Cartons, Bottles and Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores and Online. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Cashew Milk Market

The global cashew milk market is experiencing significant growth due to the increasing trend toward plant-based diets, largely influenced by a rise in lactose intolerance and dairy allergies. With consumers actively seeking dairy-free alternatives for health, ethical, and environmental reasons, cashew milk is emerging as a popular choice. Its appeal lies in its nutritious profile, sustainability, and versatility, meeting the demand for healthier options in the market. As awareness of the benefits of plant-based products continues to rise, the popularity of cashew milk is expected to grow, further driving the expansion of this thriving industry.

Restraints in the Global Cashew Milk Market

The global cashew milk market faces challenges due to concerns surrounding nut allergies, which deter a considerable number of consumers from selecting it as a preferred plant-based alternative. Additionally, cashew milk suffers from lower consumer awareness in comparison to more established options like almond or soy milk, impacting its potential market penetration. This issue is particularly pronounced in areas where plant-based dairy alternatives are not widely recognized or accepted. Consequently, these factors collectively hinder the growth and adoption of cashew milk, limiting its appeal in a competitive market landscape.

Market Trends of the Global Cashew Milk Market

The global cashew milk market is witnessing a significant surge fueled by the rising demand for health-conscious and plant-based alternatives. As consumers increasingly shift towards non-dairy options, this trend is particularly strong among vegans, lactose-intolerant individuals, and those prioritizing sustainability. Innovations in cashew milk are focusing on low-sugar, nutrient-enhanced formulations that appeal to health-oriented demographics. Clean-label products are gaining traction, with consumers seeking transparency in ingredients and production processes. This evolving landscape is indicative of a broader movement towards healthier lifestyles, positioning cashew milk as a popular choice in the growing segment of plant-based beverages.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Customer & Buying Criteria Analysis

Global Cashew Milk Market Size by Product Type & CAGR (2025-2032)

• Market Overview
• Plain
• Flavoured

Global Cashew Milk Market Size by Packaging & CAGR (2025-2032)

• Market Overview
• Cartons
• Bottles
• Others

Global Cashew Milk Market Size by Distribution Channel & CAGR (2025-2032)

• Market Overview
• Supermarkets/Hypermarkets
• Convenience Stores
• Online

Global Cashew Milk Market Size & CAGR (2025-2032)

• North America (Product Type, Packaging, Distribution Channel)
  • US
  • Canada
• Europe (Product Type, Packaging, Distribution Channel)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Packaging, Distribution Channel)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Packaging, Distribution Channel)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Packaging, Distribution Channel)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Elmhurst 1925 (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Silk (USA) (Parent Company: Danone)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alpro (Belgium) (Parent Company: Danone)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dr Mannah's (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SunOpta (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pacific Foods (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HP Hood Manufacturing (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SmithFoods, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Innovation Foods (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Suntado, LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Protenergy Natural Foods Corp. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Harvest Beverage Group (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FirstWave Innovations (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Redemption Road Foods (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• American Soy Products, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• East Coast Copacking (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cardiff Products Corporation (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ninth Avenue Foods (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Beta Group (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Glanbia (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations