Cashew Milk Market Research Report – Global Forecast till 2027

Cashew Milk Market Research Report: Information by Category (Conventional, Organic) Packaging Type (Bottles, Cartons, Others) Distribution Channel (Store Based, Non-store Based) Region (North America, Europe, Asia-Pacific, RoW) — Global Forecast till 2027

ID: MRFR/F-B & N/5883-HCR | September 2022 | Region: Global | 90 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Internal Rivalry

5 Market Dynamics of Global Cashew Milk Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Cashew Milk Market, by Category

6.1 Introduction

6.2 Conventional

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Organic

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Cashew Milk Market, by Packaging Type

7.1 Introduction

7.2 Bottles

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Cartons

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Cashew Milk Market, by Distribution Channel

8.1 Introduction

8.2 Store Based

8.2.1 Supermarkets & Hypermarkets

8.2.1.1 Market Estimates & Forecast, 2020–2027

8.2.1.2 Market Estimates & Forecast, by Region, 2020–2027

8.2.2 Convenience Stores

8.2.2.1 Market Estimates & Forecast, 2020–2027

8.2.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.2.3 Others

8.2.3.1 Market Estimates & Forecast, 2020–2027

8.2.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Non-store Based

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Cashew Milk Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Category, 2020–2027

9.2.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.2.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Category, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.2.5.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Category, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast, by Category, 2020–2027

9.2.7.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.2.7.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.2.5.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.7.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.8.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Category, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.5.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.7.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Category, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.5 Rest of the World (RoW)

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Category, 2020–2027

9.5.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.5.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.5.5 South America

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Category, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.5.5.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.5.6 The Middle East

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Category, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.5.6.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

9.5.7 Africa

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Category, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Packaging Type, 2020–2027

9.5.7.4 Market Estimates & Forecast, by Distribution Channel, 2020–2027

10. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis

(Expansions/ Mergers and Acquisitions/ Joint Ventures/ New Product Developments/ Agreements/ Investments

11. Company Profiles

11.1 Hain Celestial Group

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Danone S.A.

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Forager Project

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Rude Health

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Califia Farms

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Pacific Foods

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Plenish Cleanse Ltd.

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 Elmhurst Milked Direct LLC

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Earth’s Own Food Company Inc.

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 RITA Food & Drink Co.Ltd.

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Cashew Milk Market, by Region, 2020–2027 (USD Million)

Table 2 Global Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 3 Global Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 4 Global Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 5 North America: Cashew Milk Market, by Country, 2020–2027 (USD Million)

Table 6 North America: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 7 North America: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 8 North America: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 9 US: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 10 US: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 11 US: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 12 Canada: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 13 Canada: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 14 Canada: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 15 Mexico: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 16 Mexico: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 17 Mexico: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 18 Europe: Cashew Milk Market, by Country, 2020–2027 (USD Million)

Table 19 Europe: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 20 Europe: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 21 Europe: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 22 Germany: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 23 Germany: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 24 Germany: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 25 France: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 26 France: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 27 France: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 28 Italy: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 29 Italy: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 30 Italy: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 31 Spain: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 32 Spain: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 33 Spain: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 34 UK: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 35 UK: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 36 UK: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 37 Rest of Europe: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 38 Rest of Europe: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 39 Rest of Europe: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 40 Asia-Pacific: Cashew Milk Market, by Country, 2020–2027 (USD Million)

Table 41 Asia-Pacific: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 42 Asia-Pacific: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 43 Asia-Pacific: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 44 China: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 45 China: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 46 China: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 47 India: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 48 India: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 49 India: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 50 Japan: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 51 Japan: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 52 Japan: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 53 Australia and New Zealand: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 54 Australia and New Zealand: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 55 Australia and New Zealand: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 56 Rest of Asia-Pacific: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 57 Rest of Asia-Pacific: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 58 Rest of Asia-Pacific: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 59 Rest of the World (RoW): Cashew Milk Market, by Country, 2020–2027 (USD Million)

Table 60 Rest of the World (RoW): Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 61 Rest of the World (RoW): Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 62 Rest of the World (RoW): Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 63 South America: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 64 South America: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 65 South America: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 66 Middle East: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 67 Middle East: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 68 Middle East: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

Table 69 Africa: Cashew Milk Market, by Category, 2020–2027 (USD Million)

Table 70 Africa: Cashew Milk Market, by Packaging Type, 2020–2027 (USD Million)

Table 71 Africa: Cashew Milk Market, by Distribution Channel, 2020–2027 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Cashew Milk Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Cashew Milk Market

FIGURE 4 Value Chain of Global Cashew Milk Market

FIGURE 5 Share of Global Cashew Milk Market in 2020, by Country (%)

FIGURE 6 Global Cashew Milk Market, by Region, 2020–2027,

FIGURE 7 Global Cashew Milk Market Size, by Category, 2020

FIGURE 8 Share of Global Cashew Milk Market, by Category, 2020–2027 (%)

FIGURE 9 Global Cashew Milk Market Size, by Packaging Type, 2020

FIGURE 10 Share of Global Cashew Milk Market, by Packaging Type, 2020–2027 (%)

FIGURE 11 Global Cashew Milk Market Size, by Distribution Channel, 2020

FIGURE 12 Share of Global Cashew Milk Market, by Distribution Channel, 2020–2027 (%)

Cashew Milk Market

Cashew Milk Market is projected to register a CAGR of 6.56% and reach a value of USD 229.1 million by 2027.

Segmentation

By Category Conventional Organic
By Packaging Type Bottles Cartons Others
By Distribution Channel Store Based Non Store Based
By Region North America Europe Asia Pacific Ro W

Key Players

  • Earth’s Own Food Company Inc. (Canada)
  • Califia Farms (US)
  • Danone S.A.(France)
  • Elmhurst Milked Direct LLC (US)
  • Pacific Foods (US)
  • Forager Project (US)
  • RITA Food & Drink Co. Ltd. (Vietnam)
  • Hain Celestial Group (US)
  • Plenish Cleanse Ltd. (UK)
  • Rude Health (UK)

Drivers

  • Growing awareness of the need for using dairy-free and plant-based products
  • Lots of health benefit
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Cashew Milk market Overview


The global cashew milk market is expected to see enormous growth over the forecast period (2022 – 2027). The cashew nut milk market is expected to grow at a swift speed, with a significant CAGR (Compound Annual Growth Rate)  in the coming years. The market value is anticipated to reach around USD 229.1 million by the end of the year 2027. 


Cashew milk is dairy-free, plant-based milk that is sourced from cashew nuts. It is growing popular around the globe as a healthier substitute for people with health issues such as lactose intolerance, obesity, and diabetes. Cashews are also abundant in nutrients such as iron, zinc, vitamins, phosphorus, and magnesium. 


Lactose intolerance is highly increasing among the global population. This has driven them to switch to healthier milk alternatives. Cashew-based milk also renders a variety of health benefits to the consumers. Hence, the demand for cashew nut milk is growing, which is subsequently expected to accelerate the growth of the cashew milk market over the forecast period. 


Covid-19 Analysis of Cashew Milk market


The impact of Covid-19 has debilitated most small and large-scale businesses alike. Due to the lockdown and the need for physical distancing, many businesses have been forced to shut down. The cashew milk market was one of the industries that saw a decline in its profit and market size. However, cashew milk market is expected to recover its revenue in the coming years.


Most businesses will be able to revive their profit soon after the pandemic fades. Moreover, manufacturing companies are taking measures to sell their cashew nut milk online. Also, people are growing awareness about health issues and cashew milk benefits. Hence, the demand for healthier, organic, and lactose-free products is expected to fuel the market growth.


Cashew Milk Market Dynamics


Drivers


A few factors may drive the growth of the global cashew milk market. Cashew-based milk has a lot of health benefits. People with various issues such as diabetes, obesity, lactose intolerance, vitamin B12, and B2 deficiencies can consume cashew nut milk. Moreover, people are growing aware of the need for using dairy-free and plant-based products for their well-being. These products are also available in several flavors and delicious tastes. Hence, these factors are estimated to fuel the growth of the cashew-based milk market.


Opportunities


Most of the key companies in the cashew milk market are undertaking R&D measures to extend the shelf-life of their plant-based, organic milk varieties. This innovation is a major driving factor for the cashew milk market growth since conventional kinds of milk tend to degrade in shorter periods. Cashew milk also has many health benefits such as reducing heart diseases, cholesterol levels, improving digestion, immunity, and liver health because of its antioxidant properties. 


Restraints


A few factors may inhibit the growth of the cashew-based milk market. The most important factor among them is the fact that cashew milk is highly expensive. Hence, this may hinder the growth of the global market in the long run.


Challenges


There may be factors that may challenge the cashew-based milk manufacturing companies. The taste of the cashew milk may not be likable to the consumers. Hence, it may challenge the key manufacturers and companies in the long time run. This issue can be overcome by spreading awareness about the benefits of cashew milk and innovations in the drink.


Cumulative Growth Analysis                                                               


The global cashew milk market is expected to see enormous growth over the forecast period (2022 – 2027). The market value was evaluated at around USD 87 million in the year 2019. The cashew nut milk market is expected to grow at a swift speed, with a CAGR of 12.8% in the coming years. The market value is anticipated to reach around USD 229.1 million by the end of the year 2027. 


Value Chain Analysis


Cashew nut milk is distributed through several channels such as retail stores, hypermarkets, and even e-commerce platforms. Attractive packaging of the milk also plays a vital role in increasing their sales. It is estimated that the carton packaging of cashew milk will comprise the largest cashew milk market share in the forecast years.


Moreover, the key companies of the market are implementing various trends to expand their geographical milk sales. Also, the companies are investing a lot to research and develop innovative cashew-based milk products. Hence, the cashew nut milk market will witness a boom in the coming years.


Segment Overview


The cashew milk market is divided into various segments such as packaging type, category, and distribution channel. Given below are the important cashew milk market segments:


By Packaging Type



  • Cartons

  • Bottles

  • Others


By Category



  • Organic

  • Conventional 


By Distribution Channel



  • Store-based





      • Convenience stores

      • Hypermarkets

      • Supermarkets



  • Non-store-based 


Regional Analysis


The regional analysis of the cashew milk market is divided into Europe, Asia Pacific, North America, and the Rest of the World, during the forecast period 2022 to 2027. The North American region includes Canada, the US, and Mexico. Europe is composed of Italy, Spain, the UK, France, Germany, and others. Likewise, the Asia Pacific region comprises China, India, Indonesia, New Zealand, Australia, Japan, and others.


Among them, North America is expected to rule the cashew nut milk market with the highest share. This is because most of the lactose intolerant population belongs to this region. The US accounts for a large portion of the cashew milk market share in the region.


Europe is also anticipated to witness commendable cashew milk market growth. However, Asia Pacific may witness the fastest growth among all regions. This is because countries like India and China are emerging as the central cashew milk market for cashew milk. 


Competitive Landscape


The cashew milk industry is dominated by a few important companies. The cashew milk from central market key companies is completely free of lactose since it is plant-based. These key companies account for most of the market profit. They do so by implementing various market trends, such as offering a variety of cashew milk products like powder and yogurt.


Key Players


Listed below are the key competitive companies of the cashew nut milk market with the location of their headquarters:



  • Earth’s Own Food Company Inc. (Canada)

  • Califia Farms (US)

  • Danone S.A.(France)

  • Elmhurst Milked Direct LLC (US)

  • Pacific Foods (US)

  • Forager Project (US)

  • RITA Food & Drink Co. Ltd. (Vietnam)

  • Hain Celestial Group (US)

  • Plenish Cleanse Ltd. (UK)

  • Rude Health (UK)


Recent Developments



  • In September 2019, Z Natural Foods Company introduced its new product –cashew milk powder. This initiative stood as a break from conventional milk to enable consumers to use mild cashew-flavored milk. The powder is convenient to use and mess-free.

  • In 2016, Danone procured White Wave Foods, an American soy milk manufacturing company for about USD 12 billion. This helped Danone increase the span of its product variety in lactose-free foods.

  • Forager Project, a vegan food product company in San Francisco, launched a few new products – coconut milk and coconut cashew yogurt. This yogurt has exceptional qualities such as creamy texture, high-fat, and delicious yogurt with both coconut and cashew flavors. 

  • In November 2018, Morrisons, the UK-based supermarket chain launched its range of organic vegan kinds of milk, including cashew nut milk. They applied innovative packaging for the kinds of milk to attract their consumers.

  • Benni Alimentos, a Brazilian food & beverage company, introduced its soluble cashew nut milk powder. This vegan milk powder has a shelf-life of up to 2 years.


Report Overview


This report compiles all information about the growth of the global cashew milk market over the forecast period. There are different sections presented that help to get full-fledged information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. All the information is gathered from reliable primary and secondary sources to provide the expected details of the cashew milk market analysis. 


Report Detail 



  • Historic Period: 2015-2020

  • Base Year: 2021

  • Forecast Period: 2022-2027


Geographically



  • North America

  • Europe 

  • Asia-Pacific

  • Rest of the world (RoW)



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Frequently Asked Questions (FAQ) :

North America will lead the cashew milk market.

Rising prevalence of lactose intolerance and demand for unsweetened cashew milk are the key factors driving the cashew milk market.

Cartons will have the largest share in the cashew milk market.

Conventional segment will dominate the cashew milk market.

Key players profiled in the cashew milk market include RITA Food & Drink Co., Ltd. (Vietnam), Earth’s Own Food Company Inc. (Canada), Elmhurst Milked Direct LLC (US), Plenish Cleanse Ltd. (UK), Pacific Foods (US), Califia Farms (US), Rude Health (UK), Forager Project (US), Danone S.A.(France), and Hain Celestial Group (US).