Market overview
The global cashew milk market is worth USD 538 mn in 2026 and is forecast to reach USD 1.5 bn by 2036, growing at a 11.0% CAGR. United States is the largest country market and Unsweetened is the largest by flavour segment.
| Scope | Plant-based milk made from cashew nuts and sold as a chilled or shelf-stable drink, including flavoured and unsweetened versions. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 480 mn |
| Value 2026 | USD 538 mn |
| Value 2036 | USD 1.5 bn |
| CAGR 2026-2036 | 11.0% |
| Volume 2026 | 189 million litres |
| Volume 2036 | 485 million litres |
| Average price 2026 | USD 2.85 per litre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Cashew Milk market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 538 mn |
| 2027 | USD 597 mn |
| 2028 | USD 662 mn |
| 2029 | USD 735 mn |
| 2030 | USD 816 mn |
| 2031 | USD 906 mn |
| 2032 | USD 1.0 bn |
| 2033 | USD 1.1 bn |
| 2034 | USD 1.2 bn |
| 2035 | USD 1.4 bn |
| 2036 | USD 1.5 bn |
Cashew Milk market segmentation
By flavour
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Unsweetened | 38.0% | 38.3% | USD 204 mn | 11.1% |
| Original and sweetened | 32.0% | 28.2% | USD 172 mn | 9.6% |
| Vanilla | 18.0% | 19.0% | USD 97 mn | 11.6% |
| Chocolate and other | 12.0% | 14.5% | USD 65 mn | 13.1% |
By channel
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Supermarkets and hypermarkets | 62.0% | 55.6% | USD 333 mn | 9.8% |
| Online | 18.0% | 24.1% | USD 97 mn | 14.3% |
| Specialty and natural stores | 12.0% | 11.3% | USD 65 mn | 10.3% |
| Foodservice | 8.0% | 9.0% | USD 43 mn | 12.3% |
By pack format
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Aseptic cartons | 46.0% | 43.0% | USD 247 mn | 10.2% |
| Chilled cartons | 30.0% | 30.0% | USD 161 mn | 11.0% |
| Bottles | 14.0% | 16.0% | USD 75 mn | 12.5% |
| Single-serve and pouches | 10.0% | 11.0% | USD 54 mn | 12.1% |
By formulation
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Plain dairy-free milk | 55.0% | 49.0% | USD 296 mn | 9.7% |
| Fortified with protein and calcium | 25.0% | 27.0% | USD 134 mn | 11.9% |
| Barista and cooking blends | 20.0% | 24.0% | USD 108 mn | 13.0% |
By buyer motive
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lactose intolerance and allergy | 34.0% | 31.0% | USD 183 mn | 10.0% |
| Vegan and flexitarian diets | 38.0% | 40.0% | USD 204 mn | 11.6% |
| General health and wellness | 28.0% | 29.0% | USD 151 mn | 11.4% |
Top 25 countries for cashew milk by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 90.5% of 2026 revenue and the 25 countries below together hold 98.0%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 280 mn | 52.0% | USD 740 mn | 10.2% |
| 2 | Canada | USD 43 mn | 8.0% | USD 119 mn | 10.7% |
| 3 | United Kingdom | USD 38 mn | 7.0% | USD 114 mn | 11.8% |
| 4 | Germany | USD 27 mn | 5.0% | USD 85 mn | 12.3% |
| 5 | Australia | USD 27 mn | 5.0% | USD 75 mn | 10.8% |
| 6 | France | USD 22 mn | 4.0% | USD 69 mn | 12.3% |
| 7 | India | USD 16 mn | 3.0% | USD 73 mn | 16.3% |
| 8 | Netherlands | USD 13 mn | 2.5% | USD 40 mn | 11.4% |
| 9 | Japan | USD 11 mn | 2.0% | USD 29 mn | 10.4% |
| 10 | Brazil | USD 11 mn | 2.0% | USD 37 mn | 13.0% |
| 11 | Italy | USD 6.6 mn | 1.2% | USD 19 mn | 11.1% |
| 12 | Spain | USD 5.6 mn | 1.1% | USD 16 mn | 11.1% |
| 13 | Sweden | USD 4.8 mn | 0.9% | USD 14 mn | 11.1% |
| 14 | Mexico | USD 4.1 mn | 0.8% | USD 13 mn | 12.4% |
| 15 | South Korea | USD 3.4 mn | 0.6% | USD 11 mn | 12.3% |
| 16 | Switzerland | USD 3.0 mn | 0.6% | USD 8.4 mn | 11.0% |
| 17 | Israel | USD 2.5 mn | 0.5% | USD 7.2 mn | 11.0% |
| 18 | Singapore | USD 2.1 mn | 0.4% | USD 6.1 mn | 11.0% |
| 19 | Ireland | USD 1.8 mn | 0.3% | USD 5.2 mn | 11.0% |
| 20 | Denmark | USD 1.6 mn | 0.3% | USD 4.4 mn | 11.0% |
| 21 | Belgium | USD 1.3 mn | 0.2% | USD 3.7 mn | 11.0% |
| 22 | Austria | USD 1.1 mn | 0.2% | USD 3.2 mn | 11.0% |
| 23 | New Zealand | USD 0.97 mn | 0.2% | USD 2.8 mn | 11.0% |
| 24 | Norway | USD 0.81 mn | 0.1% | USD 2.3 mn | 11.0% |
| 25 | United Arab Emirates | USD 0.70 mn | 0.1% | USD 2.3 mn | 12.6% |
| Rest of world | USD 11 mn | 2.0% | USD 27 mn | 9.6% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Danone
- Califia Farms
- Forager Project
- Blue Diamond Growers
- Alpro
Group 2: Regional and specialist players
- Elmhurst 1925
- Pacific Foods
- Malk Organics
- Plenish
- Rude Health
- Nutty Bruce
Group 3: Emerging and niche players
- Minor Figures
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the cashew milk market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 11.0% is calculated from the resulting values.
The market is divided by flavour, by channel, by pack format, by formulation, by buyer motive. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the cashew milk market?
The global cashew milk market is estimated at USD 480 mn in 2025 and USD 538 mn in 2026.
How fast will the cashew milk market grow?
It is forecast to reach USD 1.5 bn by 2036, a compound annual growth rate of 11.0% from 2026, an increase of USD 989 mn.
Which country is the largest market for cashew milk?
United States is the largest market by revenue at USD 280 mn in 2026, 52.0% of the global total. The three largest countries together hold 67.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 16.3% a year from 2026 to 2036.
Which cashew milk segment is largest?
In the by flavour split, Unsweetened is the largest segment with 38.0% of 2026 revenue.
Who are the leading cashew milk companies?
Global leaders include Danone, Califia Farms, Forager Project, Blue Diamond Growers.
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