IMARC Group, a leading market research company, has recently released report titled “Cashew Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global cashew milk market size, trends, share, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cashew milk market?
The global cashew milk market size reached USD 117.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 189.0 Million by 2033, exhibiting a growth rate (CAGR) of 5.16% during 2025-2033.
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Factors Affecting the Growth of the Cashew Milk Industry:
Increasing Consumer Awareness of Health Benefits:
The global cashew milk market is experiencing significant growth due to the increasing awareness among consumers regarding the health benefits associated with plant-based milk alternatives, particularly cashew milk. Cashew milk is often perceived as a healthier option compared to traditional dairy milk due to its lower calorie and fat content. Additionally, it is cholesterol-free and rich in essential nutrients such as vitamins, minerals, and antioxidants. As consumers become more health-conscious and seek nutritious alternatives to dairy products, the demand for cashew milk is rising steadily.
Rise in Lactose Intolerance and Dairy Allergies:
One of the primary drivers fueling the growth of the global cashew milk market is the escalating prevalence of lactose intolerance and dairy allergies among the population. A significant portion of the global population exhibits varying degrees of lactose intolerance, leading them to seek lactose-free alternatives like cashew milk. Similarly, individuals with dairy allergies or sensitivities opt for non-dairy milk options to avoid adverse reactions. Cashew milk serves as an excellent substitute for dairy milk, providing a creamy texture and rich flavor without the lactose or allergens, thereby catering to the needs of these consumers.
Expanding Vegan Population and Preference for Vegan-Friendly Products:
The expansion of the vegan population worldwide is driving the demand for vegan-friendly products, including plant-based milk alternatives like cashew milk. As more people adopt a vegan lifestyle for ethical, environmental, or health reasons, the demand for dairy-free options continues to grow. Cashew milk aligns with vegan principles as it is derived solely from plant sources, making it suitable for individuals following a vegan diet. Additionally, the versatility of cashew milk in various culinary applications, such as coffee, smoothies, and baking, appeals to vegans seeking diverse and nutritious alternatives to dairy products.
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