Cashew Milk Market Size is Expected to Reach USD 189.0 Million

• Posted by harry joe Tue at 7:01 AM Filed in Business #Cashew Milk Market Size  #Cashew Milk Market share  #Cashew Milk Market Trends  34 views
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  IMARC Group, a leading market research company, has recently released a report titled "cashew milk market Trends, Share, size and Forecast by Product, Material, Distribution Channel, Pricing, End-User, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the cashew milk market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

  Cashew Milk Market Overview

  The global cashew milk market size reached USD 117.5 Million in 2024 and is projected to reach USD 189.0 Million by 2033. The market is forecasted to grow at a CAGR of 5.16% during 2025-2033. Driving factors include the rising popularity of milk alternatives with similar texture and flavor profile to dairy milk, the adoption of vegan and plant-based diets, and the growing prevalence of lactose intolerance and milk allergies.

  Study Assumption Years

  ●     Base Year: 2024

  ●     Historical Year/Period: 2019-2024

  ●     Forecast Year/Period: 2025-2033

  Cashew Milk Market Key Takeaways

  ●     Current Market Size: USD 117.5 Million in 2024

  ●     CAGR: 5.16% during 2025-2033

  ●     Forecast Period: 2025-2033

  ●     The flavoured segment dominates the product type category, driven by growing demand for taste variety and indulgence with flavours such as chocolate, vanilla, and fruit.

  ●     Bottles are the leading packaging format, favored for freshness, convenience, and premium positioning.

  ●     Supermarkets and hypermarkets hold the largest distribution channel share, due to their assortments, competitive pricing, and promotional activities.

  ●     North America accounts for the largest cashew milk market share, boosted by health trends, lactose intolerance prevalence, and vegan lifestyle adoption.

  ●     Continuous product innovation and availability via both online and offline retail platforms enhance accessibility and market growth.

  Claim Your Free "Cashew Milk" Insights Sample PDF: https://www.imarcgroup.com/cashew-milk-market/requestsample

  Market Growth Factors

  The market growth is primarily driven by the increasing health-conscious consumer base. Cashew milk, offering lower calorie content and being ideal for individuals with lactose intolerance or milk allergies, is gaining immense popularity as a healthier alternative to cow's milk. Its natural origins and lower fat content make it a preferred choice for consumers monitoring calorie intake and wellness, leading to increased uptake.

  The rising popularity of vegan and plant-based diets significantly boosts demand. As more people adopt vegan lifestyles or plant-based dietary choices, the need for dairy-free milk substitutes grows. Cashew milk's versatility and rich flavor enable it to replace cow's milk in beverages, cooking, and baking, aligning well with these dietary trends.

  Growing prevalence of lactose intolerance and milk allergies among individuals fuels the need for non-dairy alternatives. Cashew milk provides a smooth consistency and nutty flavour without compromising on taste or texture. Its inherent low lactose content helps those with intolerance enjoy a milk-like beverage without digestive discomfort, marking it as a highly desirable alternative.

  Market Segmentation

  By Product Type:

  ●     Plain: Preferred for nutritional benefits such as low calories, cholesterol-free, and rich in vitamins, minerals, and antioxidants. Used as a standalone beverage or ingredient.

  ●     Flavoured: Dominates the market with flavors like chocolate, vanilla, and seasonal editions, appealing to consumers seeking unique taste experiences.

  By Packaging:

  ●     Cartons: Offer enhanced portability and extended shelf life; lightweight and resealable options cater to on-the-go consumers. Graphic design helps brand visibility.

  ●     Bottles: Largest segment; preferred for freshness, easy pouring, convenience for home use, premium positioning, and appeal to eco-conscious consumers.

  ●     Others: Not specifically described; presumably includes alternative packaging formats.

  By Distribution Channel:

  ●     Supermarkets/Hypermarkets: Largest share; offer diverse product assortments, competitive pricing through bulk purchasing, and promotional activities driving consumer trial.

  ●     Convenience Stores: Focus on immediate access with strategic locations, single-serve packaging, and impulse buying stimulated by packaging and promotions.

  ●     Online: Preferred for a wide range of specialty and imported varieties, home delivery convenience, customer reviews aiding informed decisions.

  By Region:

  ●     North America

  ●     United States

  ●     Canada

  ●     Europe

  ●     Germany

  ●     France

  ●     United Kingdom

  ●     Italy

  ●     Spain

  ●     Others

  ●     Asia Pacific

  ●     China

  ●     Japan

  ●     India

  ●     South Korea

  ●     Australia

  ●     Indonesia

  ●     Others

  ●     Latin America

  ●     Brazil

  ●     Mexico

  ●     Others

  ●     Middle East and Africa

  Regional Insights

  North America dominates the global cashew milk market, holding the largest share. This dominance is attributed to increasing health concerns, the rising incidence of lactose intolerance, environmental consciousness, and ethical considerations. The region benefits from a significant population adopting vegan and vegetarian lifestyles, driving demand for cashew milk as a plant-based alternative. Manufacturers have expanded distribution in retail, supermarkets, and online platforms alongside marketing campaigns that boost consumer awareness and sales.

  Recent Developments & News

  ●     In July 2022, Danone launched their Dairy and Plants Blend infant formula, targeting parents seeking vegetarian and flexitarian alternatives, ensuring infants' essential nutrition.

  ●     In April 2021, Dream from The Hain Celestial Group was acquired by SunOpta for $33 Million, with SunOpta producing about 50% of the brand's portfolio and aiming to grow its plant-based foods segment.

  ●     In June 2019, Elmhurst Milked Direct LLC expanded their plant-based Hemp Creamer line, introducing flavors like French Vanilla, Hazelnut, and Golden Milk.

  Key Players

  ●     Danone

  ●     Dream (SunOpta Inc.)

  ●     Elmhurst Milked Direct LLC

  ●     Forager Project LLC

  ●     Pacific Foods of Oregon LLC (Campbell Soup Company)

  ●     Plenish Cleanse Ltd. (Britvic plc)

  ●     RITA Food & Drink Co. Ltd.

  ●     Rude Health Foods Limited

  ●     The Hain Celestial Group Inc

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