Global Cashew Milk Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarket, Retail Stores, and Online), By Product Type (Plain and Flavored), By Regional Outlook and Forecast, 2023 - 2030

Global Cashew Milk Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarket, Retail Stores, and Online), By Product Type (Plain and Flavored), By Regional Outlook and Forecast, 2023 - 2030


The Global Cashew Milk Market size is expected to reach $129.4 million by 2030, rising at a market growth of 9.9% CAGR during the forecast period.

As a non-dairy substitute, cashew milk has become more popular among those who comply with certain dietary restrictions in North America. Therefore, The North America region will capture 1/4th share in the market by 2030, As customers seek goods that fit their dietary choices and health objectives, the demand for plant-based milk substitutes, such as cashew milk, has grown. As consumers are becoming more health-conscious and looking for lactose- alternatives. Compared to conventional dairy milk, lactose-free cashew milk is a healthier alternative. Vegan and dairy-free diets are becoming steadily more popular. These diets are popular because many individuals adhere to them for moral, environmental, or health reasons. Some of the factors impacting the market are rising demand for non-dairy and plant-based goods, positive health effect of cashew milk, and the high cost of cashews globally.

The rise of plant-based foods is one of the factors driving the market's expansion. Similar in the way, cashew milk is widely marketed as a calcium-rich plant-based beverage. Consumers are drawn to this product because of its low fat and low sugar content. As a result, businesses are leveraging this trend and creating gluten-free cashew milk. Startups are profiting from the trend toward plant-based and non-dairy food items along with the major companies. Milk powder is being added by new players in the market to create herbal products with a longer shelf life. Moreover, A few of the factors that have been fueling the market's expansion include concerns about weight management, a focus on weight loss and maintenance, improvements to blood clotting, a decrease in cholesterol, and the importance placed on controlling blood sugar spikes. Cashew milk has shown to be highly successful in boosting antioxidant levels, offering low sugar and calorie content, serving as a reliable source of calcium, and having high amounts of calcium, vitamin E, vitamin D, fiber, and calories. The market is expected to expand as the demand for plant-based goods rises and various health benefits of cashew milk.

However, severe hand and finger injuries can occur when cashews are shelled by hand. The nuts produce a caustic liquid when shelled, which burns the skin. Although bandages and rubber gloves can help protect the hands and alkaline pot ash can help neutralize the acid, these items are not always readily accessible, and sometimes employees cannot afford to buy them. There is only one seed in cashew fruit, which is diligently removed and separated. These seeds are subsequently dried in the sun with acidic liquid to hasten the drying process. The complex and labor-intensive nature of the cashew production process has led to high cashew prices, which has become one of the barriers to the market.

Distribution Channel Outlook

By distribution channel, the market is classified into online, supermarket, and retail stores. In 2022, the supermarket segment held the highest revenue share in the market. Supermarkets greatly influence the widespread availability of cashew milk among customers. They have the infrastructure and distribution channels to make cashew milk widely available, allowing customers to simply buy it during weekly shopping visits. To highlight the advantages and adaptability of their products, supermarkets frequently participate in marketing and promotional events.

Product Type Outlook

Based on product type, the market is segmented into plain, and flavored. The online segment garnered a significant revenue share in the market in 2022. Companies are collaborating with online merchants and launching e-portals on platforms like Alibaba, Amazon, Walmart, Big Basket, Nature's Basket, and delights food (India) to access the enormous consumer base. Online shopping is more convenient for customers; it can reduce travel time and costs and is more comfortable for consumers.

Regional Outlook

Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region covered a considerable revenue share in the market in 2022. Growing awareness, alterations in taste and preference, and health-related concerns are all attributed to growth and development. Due to rising disposable income and the health advantages of the products, consumers are spending more money on these products. A significant driver propelling the market in this region is the increased focus on cashew milk consumption due to rising non-dairy product demand and high lactose intolerance.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Blue Diamond Growers, Inc., Danone S.A., Edward & Sons Trading Co., Inc., Nutty life, LLC., ProVeg e.V., SunOpta, Inc., Earth's Own Food Company, Inc., Plenish Cleanse Ltd. (Britvic PLC) and The Gentle Nut.

Scope of the Study

Market Segments covered in the Report:

By Distribution Channel
  • Supermarket
  • Retail Stores
  • Online
By Product Type
  • Plain
  • Flavored
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Blue Diamond Growers, Inc.
  • Danone S.A.
  • Edward & Sons Trading Co., Inc.
  • Nutty life, LLC.
  • ProVeg e.V.
  • SunOpta, Inc.
  • Earth's Own Food Company, Inc.
  • Plenish Cleanse Ltd. (Britvic PLC)
  • The Gentle Nut
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Cashew Milk Market, by Distribution Channel
1.4.2 Global Cashew Milk Market, by Product Type
1.4.3 Global Cashew Milk Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Cashew Milk Market by Distribution Channel
4.1 Global Supermarket Market by Region
4.2 Global Retail Stores Market by Region
4.3 Global Online Market by Region
Chapter 5. Global Cashew Milk Market by Product Type
5.1 Global Plain Market by Region
5.2 Global Flavored Market by Region
Chapter 6. Global Cashew Milk Market by Region
6.1 North America Cashew Milk Market
6.1.1 North America Cashew Milk Market by Distribution Channel
6.1.1.1 North America Supermarket Market by Country
6.1.1.2 North America Retail Stores Market by Country
6.1.1.3 North America Online Market by Country
6.1.2 North America Cashew Milk Market by Product Type
6.1.2.1 North America Plain Market by Country
6.1.2.2 North America Flavored Market by Country
6.1.3 North America Cashew Milk Market by Country
6.1.3.1 US Cashew Milk Market
6.1.3.1.1 US Cashew Milk Market by Distribution Channel
6.1.3.1.2 US Cashew Milk Market by Product Type
6.1.3.2 Canada Cashew Milk Market
6.1.3.2.1 Canada Cashew Milk Market by Distribution Channel
6.1.3.2.2 Canada Cashew Milk Market by Product Type
6.1.3.3 Mexico Cashew Milk Market
6.1.3.3.1 Mexico Cashew Milk Market by Distribution Channel
6.1.3.3.2 Mexico Cashew Milk Market by Product Type
6.1.3.4 Rest of North America Cashew Milk Market
6.1.3.4.1 Rest of North America Cashew Milk Market by Distribution Channel
6.1.3.4.2 Rest of North America Cashew Milk Market by Product Type
6.2 Europe Cashew Milk Market
6.2.1 Europe Cashew Milk Market by Distribution Channel
6.2.1.1 Europe Supermarket Market by Country
6.2.1.2 Europe Retail Stores Market by Country
6.2.1.3 Europe Online Market by Country
6.2.2 Europe Cashew Milk Market by Product Type
6.2.2.1 Europe Plain Market by Country
6.2.2.2 Europe Flavored Market by Country
6.2.3 Europe Cashew Milk Market by Country
6.2.3.1 Germany Cashew Milk Market
6.2.3.1.1 Germany Cashew Milk Market by Distribution Channel
6.2.3.1.2 Germany Cashew Milk Market by Product Type
6.2.3.2 UK Cashew Milk Market
6.2.3.2.1 UK Cashew Milk Market by Distribution Channel
6.2.3.2.2 UK Cashew Milk Market by Product Type
6.2.3.3 France Cashew Milk Market
6.2.3.3.1 France Cashew Milk Market by Distribution Channel
6.2.3.3.2 France Cashew Milk Market by Product Type
6.2.3.4 Russia Cashew Milk Market
6.2.3.4.1 Russia Cashew Milk Market by Distribution Channel
6.2.3.4.2 Russia Cashew Milk Market by Product Type
6.2.3.5 Spain Cashew Milk Market
6.2.3.5.1 Spain Cashew Milk Market by Distribution Channel
6.2.3.5.2 Spain Cashew Milk Market by Product Type
6.2.3.6 Italy Cashew Milk Market
6.2.3.6.1 Italy Cashew Milk Market by Distribution Channel
6.2.3.6.2 Italy Cashew Milk Market by Product Type
6.2.3.7 Rest of Europe Cashew Milk Market
6.2.3.7.1 Rest of Europe Cashew Milk Market by Distribution Channel
6.2.3.7.2 Rest of Europe Cashew Milk Market by Product Type
6.3 Asia Pacific Cashew Milk Market
6.3.1 Asia Pacific Cashew Milk Market by Distribution Channel
6.3.1.1 Asia Pacific Supermarket Market by Country
6.3.1.2 Asia Pacific Retail Stores Market by Country
6.3.1.3 Asia Pacific Online Market by Country
6.3.2 Asia Pacific Cashew Milk Market by Product Type
6.3.2.1 Asia Pacific Plain Market by Country
6.3.2.2 Asia Pacific Flavored Market by Country
6.3.3 Asia Pacific Cashew Milk Market by Country
6.3.3.1 China Cashew Milk Market
6.3.3.1.1 China Cashew Milk Market by Distribution Channel
6.3.3.1.2 China Cashew Milk Market by Product Type
6.3.3.2 Japan Cashew Milk Market
6.3.3.2.1 Japan Cashew Milk Market by Distribution Channel
6.3.3.2.2 Japan Cashew Milk Market by Product Type
6.3.3.3 India Cashew Milk Market
6.3.3.3.1 India Cashew Milk Market by Distribution Channel
6.3.3.3.2 India Cashew Milk Market by Product Type
6.3.3.4 South Korea Cashew Milk Market
6.3.3.4.1 South Korea Cashew Milk Market by Distribution Channel
6.3.3.4.2 South Korea Cashew Milk Market by Product Type
6.3.3.5 Singapore Cashew Milk Market
6.3.3.5.1 Singapore Cashew Milk Market by Distribution Channel
6.3.3.5.2 Singapore Cashew Milk Market by Product Type
6.3.3.6 Malaysia Cashew Milk Market
6.3.3.6.1 Malaysia Cashew Milk Market by Distribution Channel
6.3.3.6.2 Malaysia Cashew Milk Market by Product Type
6.3.3.7 Rest of Asia Pacific Cashew Milk Market
6.3.3.7.1 Rest of Asia Pacific Cashew Milk Market by Distribution Channel
6.3.3.7.2 Rest of Asia Pacific Cashew Milk Market by Product Type
6.4 LAMEA Cashew Milk Market
6.4.1 LAMEA Cashew Milk Market by Distribution Channel
6.4.1.1 LAMEA Supermarket Market by Country
6.4.1.2 LAMEA Retail Stores Market by Country
6.4.1.3 LAMEA Online Market by Country
6.4.2 LAMEA Cashew Milk Market by Product Type
6.4.2.1 LAMEA Plain Market by Country
6.4.2.2 LAMEA Flavored Market by Country
6.4.3 LAMEA Cashew Milk Market by Country
6.4.3.1 Brazil Cashew Milk Market
6.4.3.1.1 Brazil Cashew Milk Market by Distribution Channel
6.4.3.1.2 Brazil Cashew Milk Market by Product Type
6.4.3.2 Argentina Cashew Milk Market
6.4.3.2.1 Argentina Cashew Milk Market by Distribution Channel
6.4.3.2.2 Argentina Cashew Milk Market by Product Type
6.4.3.3 UAE Cashew Milk Market
6.4.3.3.1 UAE Cashew Milk Market by Distribution Channel
6.4.3.3.2 UAE Cashew Milk Market by Product Type
6.4.3.4 Saudi Arabia Cashew Milk Market
6.4.3.4.1 Saudi Arabia Cashew Milk Market by Distribution Channel
6.4.3.4.2 Saudi Arabia Cashew Milk Market by Product Type
6.4.3.5 South Africa Cashew Milk Market
6.4.3.5.1 South Africa Cashew Milk Market by Distribution Channel
6.4.3.5.2 South Africa Cashew Milk Market by Product Type
6.4.3.6 Nigeria Cashew Milk Market
6.4.3.6.1 Nigeria Cashew Milk Market by Distribution Channel
6.4.3.6.2 Nigeria Cashew Milk Market by Product Type
6.4.3.7 Rest of LAMEA Cashew Milk Market
6.4.3.7.1 Rest of LAMEA Cashew Milk Market by Distribution Channel
6.4.3.7.2 Rest of LAMEA Cashew Milk Market by Product Type
Chapter 7. Company Profiles
7.1 Blue Diamond Growers, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 SWOT Analysis
7.2 Danone S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Category and Regional Analysis
7.2.4 SWOT Analysis
7.3 Edward & Sons Trading Co., Inc.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Nutty life, LLC.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 ProVeg e.V.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 SunOpta, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.1 SWOT Analysis
7.7 Earth's Own Food Company, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Plenish Cleanse Ltd. (Britvic PLC)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 The Gentle Nut
7.9.1 Company Overview
7.9.2 SWOT Analysis
Chapter 8. Winning Imperatives for Cashew Milk Market

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