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Cashew Cream Market
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Cashew Cream Market

Author: Debadatta Patel - Senior Consultant, Report ID - DS1901161, Published - June 2025

Segmented in Product Form (Spreadable, Pourable, Whippable), Application (Dairy Alternatives, Bakery & Confectionery, Sauces & Dressings, Wellness Foods, Others), Price Range, Distribution Channel, Consumer Demographics and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Cashew Cream Market Outlook

The market, for Cashew Cream was estimated at $333.8 million in 2024; and it is anticipated to increase to $569.1 million by 2030 with projections indicating a growth to around $887.8 million by 2035. This expansion represents a compound annual growth rate (CAGR) of 9.3% over the forecast period. The growing importance of Cashew Cream lies in its benefits that are driving its rapid market expansion momentum. Key factors propelling this trend include a rising consumer inclination towards plant based food choices and a conscious avoidance of dairy products containing lactose due to health reasons. Furthermore the increasing popularity of veganism worldwide adds to the increasing demand for Cashew Cream. Modern health trends also contribute to the preference for Cashew Cream as it is packed with nutrients like proteins and healthy unsaturated fats. This product remains relevant in the health food industry by catering to evolving preferences and demands, in consumer choices.


Cashew Cream is a dairy free option made from cashew nuts known for its unique texture and use in various recipes, for those following vegan or lactose intolerant diets It offers a rich and creamy texture and can be used in both savory and sweet dishes to enhance flavors with its nutritious qualities adding depth to the dishes.


Market Size Forecast & Key Insights

2019
$333M2024
2029
$812M2034

Absolute Growth Opportunity = $478M

The Cashew Cream market is projected to grow from $333.8 million in 2024 to $812 million in 2034. This represents a CAGR of 9.3%, reflecting rising demand across Vegan Cooking Substitute and Health & Wellness Industry.

The Cashew Cream market is set to add $478 million between 2024 and 2034, with manufacturer targeting Bakery & Confectionery & Sauces & Dressings Application projected to gain a larger market share.

With Growing popularity of vegan cuisine, and Nutritional benefits of cashews, Cashew Cream market to expand 143% between 2024 and 2034.

Opportunities in the Cashew Cream Market

Exploring Untapped Vegan Market

Cashew cream is a plant based alternative that seamlessly aligns with the booming vegan market trend. This fresh opportunity paves the way for brand growth. Is poised to fuel significant expansion in worldwide markets amidst a rising focus, on health consciousness.

Capitalizing on Culinary Applications and Innovation in Packaging Technology

Cashew cream is praised for its adaptability in culinary uses. From sauces to desserts! It offers an opportunity to build connections with chefs and dining spots alike by its cost effectiveness and versatility, in the kitchen that can enhance customer choices and expand the reach of the product.

Utilizing the packaging advancements could help prolong the freshness of cashew cream and make it more enticing, to contemporary consumers who value convenience. Partnering with technology companies strategically can lead to the development of packaging solutions that improve product longevity and support the brands commitment to sustainability.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Cashew Cream industry in the Asia Pacific region is seeing growth due to shifting preferences and a growing focus on health among consumers in countries such as India, China and Australia driving up demand for Cashew Cream and highlighting its market potential especially in culinary applications. Despite its popularity in the region Cashew Cream faces competition from the established dairy sector and traditional alternatives, like coconut and rice milk. In the Asia Pacific region increasing numbers of people are turning to veganism becoming health conscious and embracing Western eating habits.

North America Outlook

The American region has a strong demand for Cashew Cream due to high consumer awareness and purchasing power levels People are increasingly turning to plant based products like Cashew Cream as part of the growing trend of veganism The United States stands out in this market with its active consumer base opting for dairy alternatives Factors driving the popularity of Cashew Cream in this region include knowledge about its health benefits the rising preference for vegan diets and a noticeable increase, in lactose intolerance casesAlmond and soy milk producers have established a consumer following in this market segment through noteworthy competition over the years. Nevertheless the unique flavor and adaptability of Cashew Cream offer prospects, for advancement and broadening its reach.

North America Outlook

The American region has a strong demand for Cashew Cream due to high consumer awareness and purchasing power levels People are increasingly turning to plant based products like Cashew Cream as part of the growing trend of veganism The United States stands out in this market with its active consumer base opting for dairy alternatives Factors driving the popularity of Cashew Cream in this region include knowledge about its health benefits the rising preference for vegan diets and a noticeable increase, in lactose intolerance casesAlmond and soy milk producers have established a consumer following in this market segment through noteworthy competition over the years. Nevertheless the unique flavor and adaptability of Cashew Cream offer prospects, for advancement and broadening its reach.

Asia-Pacific Outlook

The Cashew Cream industry in the Asia Pacific region is seeing growth due to shifting preferences and a growing focus on health among consumers in countries such as India, China and Australia driving up demand for Cashew Cream and highlighting its market potential especially in culinary applications. Despite its popularity in the region Cashew Cream faces competition from the established dairy sector and traditional alternatives, like coconut and rice milk. In the Asia Pacific region increasing numbers of people are turning to veganism becoming health conscious and embracing Western eating habits.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., Germany, UK, Canada, Australia are expected to grow at 6.8% to 9.8% CAGR

2

Emerging Markets : Brazil, South Africa, India are expected to grow at 8.9% to 11.6% CAGR

Market Analysis Chart

The thriving health consciousness among consumers is a prominent driver of the Cashew Cream market. This vegan-friendly product has seen considerable demand growth, thanks to its numerous health benefits and versatile applications in the food sector. High in vitamins and minerals, and boasting less saturated fat than dairy options, Cashew Cream is emerging as a preferred alternative for individuals focused on nutrition and mindful eating. On the flip side, high production costs may pose a restraint to the Cashew Cream market.

Recent Developments and Technological Advancement

December 2024

Cashew Cream Specialist Inc. announced its plan to expand productions by 30%, capitalizing on the surging global demand for cashew cream

November 2024

HealthyCream Pty Ltd. introduced its innovative organic cashew cream product line into the Asian market

September 2024

Nutcrafter Creamery repositioned its cashew cream production, focusing more on sustainable and eco-friendly practices.

In recent years, the market for Cashew Cream has seen an upswing due to a notable increase in consumer consciousness about the health benefits of plant-based products. This rise is coupled with an escalating trend towards the adoption of veganism and a heightened passion for culinary exploration in everyday kitchens.

Impact of Industry Transitions on the Cashew Cream Market

As a core segment of the Food & Beverage industry, the Cashew Cream market develops in line with broader industry shifts. Over recent years, transitions such as Shift towards HealthConscious Choices and Evolution of Ecommerce in Food Industry have redefined priorities across the Food & Beverage sector, influencing how the Cashew Cream market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift towards HealthConscious Choices:

In the few years the food and beverage sector has witnessed a rise in customer preference for healthier options. The growing awareness about health among consumers and their changing lifestyles are influencing the demand for plant based and gluten free items. Cashew cream is an entrant in the market serving as a vegan substitute for regular dairy cream. It has garnered popularity among those looking for dairy alternatives making a significant impact, in the industry. The adjustment to this change has allowed companies to explore market segments and has led to a notable uptick in the manufacturing and promotion of cashew cream for various uses such, as desserts.

2

Evolution of Ecommerce in Food Industry:

The rise of online shopping has dramatically influenced the consumer behavior pattern, opening up novel opportunities for niche products like cashew cream. As more customers embrace the online experience, companies are now selling directly to consumers through their websites, alongside popular ecommerce platforms.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Food & Beverage industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Food & Beverage industry cascade into the Cashew Cream market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Popularity of Vegan Cuisine, and Technological Advances in Processing Methods

The growing popularity of veganism has also created a demand for cashew cream as a versatile dairy free option that aligns with health and environmental awareness trends among consumers. As more people embrace plant based diets for health and ethical reasons cashew creams ability to enhance flavor in dishes like soups, sauces and desserts makes it a sought after ingredient in vegan cooking circles. This trend is also anticipated to fuel the growth of cashew cream, in the industry.
Thanks to innovations in food processing technologies, manufacturers are also better equipped to preserve the nutritional integrity of cashews in cream form. This not only optimizes the nutritional value of cashew cream but also enhances its palatability. These advancements are also expected to increase its application in premium, health-conscious food products, further driving its market growth.
The significant health advantages linked to cashews make cashew cream a profitable industry niche. Packed with vitamins and minerals alongside healthy fats it is also becoming a popular addition to nutritious eating regimens advised by nutrition specialists and dietitians. Promising market segments, for cashew cream include snacks and nutritional bars where it also serves as a beneficial supplement.

Restraint: Price Sensitivity

The increasing popularity of health conscious products has led to a rise in the production of Cashew Cream recently; however the main challenge from a business standpoint is the issue of price sensitivity. The cost of ingredients for Cashew Cream particularly cashew nuts is notably higher compared to plant based cream alternatives. As a result the elevated production expenses are passed down to consumers, which dissuades a segment of potential buyers who struggle to justify the cost relative, to the perceived advantages. This impacts the market demand. Changes how widely Cashew Cream is accepted.

Challenge: Intense Market Competition

Another equally important for the Cashew Cream market is the intense competition the product faces from other dairy-free cream substitutes. Almond cream, coconut cream, and soy cream are just a few accessible and often cheaper alternatives. Consumers may choose these over Cashew Cream, particularly in regions where cashew nut prices are prohibitive.

Supply Chain Landscape

Raw Material Procurement

Global Cashews

Vietnam Cashew Corporation

Cashew Processing

Dan-D-Pak

Olam International

Production
Elmhurst 1925 / Forager Project
Distribution & Retail
Whole Foods Market / Walmart
Raw Material Procurement

Global Cashews

Vietnam Cashew Corporation

Cashew Processing

Dan-D-Pak

Olam International

Production

Elmhurst 1925

Forager Project

Distribution & Retail

Whole Foods Market

Walmart

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Vegan Cooking
Food and Beverage
Nature's Charm
Continuous innovation and expanding product portfolio
Dairy Substitute
Health and Wellness
Elmhurst 1925
Focus on nutritional content and sustainability practices
Non-dairy Ice Cream
Food and Beverage
Ben & Jerrys
Incorporating vegan and non-dairy options in the product line
Skin Care Products
Beauty and Cosmetics
LOccitane
Utilizing natural ingredients for product differentiation

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Cashew Cream market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Cashew Cream in Vegan Cooking Substitute and Health & Wellness Industry

Vegan Cooking Substitute

Cashew cream is predominantly used in vegan cooking as a dairy-alternative being rich in proteins and healthy fats. The cashew creams creamy consistency and mild flavor make it an ideal substitute for dairy products in various vegan recipes, ranging from pasta sauces to dessert toppings. The natural sweetness of the raw cashews also adds a unique touch to vegan desserts, appealing to a broad range of taste preferences. Key players like Forager Project and Elmhurst 1925 have leveraged this application by offering a range of cashew cream products catered for vegan cooking. With unique selling propositions like soy-free, dairy-free and all-natural, these brands have fortified their position in the market

Health & Wellness Industry

With its myriad of health benefits such as heart health support, lowered blood pressure, and improved digestion, cashew cream has found extensive application in the health and wellness industry. Cashew cream enriched with probiotics are becoming increasingly popular among health-conscious consumers. These probiotic cashew creams serve as a wholesome snack, a nutrition-rich spread, or an addition to breakfast cereals.

Cashew Cream vs. Substitutes:
Performance and Positioning Analysis

Cashew Cream, a healthier and dairy-free substitute for traditional creams, has carved a niche in the wellness industry for its rich flavor and nutritional benefits. It stands strong with potential growth in the vegan and lactose intolerant markets

Cashew Cream
  • Almond Cream /
  • Coconut Cream /
  • Soy Cream
    Rich in vitamins and minerals, versatile in culinary applications
    High in calories, potential to cause allergic reactions
    Higher protein content, lower fat composition
    Often more expensive, potentially less sustainable farming practices

Cashew Cream vs. Substitutes:
Performance and Positioning Analysis

Cashew Cream

  • Rich in vitamins and minerals, versatile in culinary applications
  • High in calories, potential to cause allergic reactions

Almond Cream / Coconut Cream / Soy Cream

  • Higher protein content, lower fat composition
  • Often more expensive, potentially less sustainable farming practices

Cashew Cream, a healthier and dairy-free substitute for traditional creams, has carved a niche in the wellness industry for its rich flavor and nutritional benefits. It stands strong with potential growth in the vegan and lactose intolerant markets

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Research Methodology

This market research methodology defines the Cashew Cream market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Food & Beverage ecosystem, we analyze Cashew Cream across Dairy Alternatives, Bakery & Confectionery, and Sauces & Dressings Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Food and Agriculture Organization (FAO)

Food Substances - FDA

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

USA Trade Census

DEFRA UK / Ifastat

Climate.gov

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as Artisana Organics, Elmhurst 1925, and Forager Project by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Cashew Processing, and Production. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Food & Beverage revenues to estimate the Cashew Cream segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (Global Cashews, Vietnam Cashew Corporation), Cashew Processing (Dan-D-Pak, Olam International), and Production. Our parallel substitute analysis examines Almond Cream, Coconut Cream, and Soy Cream, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Artisana Organics, Elmhurst 1925, and Forager Project, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Cashew Cream market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Cashew Cream Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 364 million
Revenue Forecast in 2034USD 812 million
Growth RateCAGR of 9.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024333 million
Growth OpportunityUSD 478 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024333 million USD
Market Size 2027435 million USD
Market Size 2029520 million USD
Market Size 2030569 million USD
Market Size 2034812 million USD
Market Size 2035887 million USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Form, Application, Price Range, Distribution Channel, Consumer Demographics
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledArtisana Organics, Elmhurst 1925, Forager Project, Nutty Life, Once Again Nut Butter, Pacific Foods, Rawmio, So Delicious Dairy Free, The Bridge Bio, The Soulfull Project, Thrive Market and Vitacost
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Cashew Cream Market Size, Opportunities & Strategic Insights, by Product Form

4.1Spreadable
4.2Pourable
4.3Whippable
Chapter 5

Cashew Cream Market Size, Opportunities & Strategic Insights, by Application

5.1Dairy Alternatives
5.2Bakery & Confectionery
5.3Sauces & Dressings
5.4Wellness Foods
5.5Others
Chapter 6

Cashew Cream Market Size, Opportunities & Strategic Insights, by Price Range

6.1Premium
6.2Mid-Range
6.3Economy
Chapter 7

Cashew Cream Market Size, Opportunities & Strategic Insights, by Distribution Channel

7.1Supermarkets/Hypermarkets
7.2Health & Wellness Stores
7.3Online Retail
Chapter 8

Cashew Cream Market Size, Opportunities & Strategic Insights, by Consumer Demographics

8.1Vegan & Vegetarian
8.2Health-conscious
8.3Lactose Intolerant
Chapter 9

Cashew Cream Market, by Region

9.1North America Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Cashew Cream Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Artisana Organics
10.2.2Elmhurst 1925
10.2.3Forager Project
10.2.4Nutty Life
10.2.5Once Again Nut Butter
10.2.6Pacific Foods
10.2.7Rawmio
10.2.8So Delicious Dairy Free
10.2.9The Bridge Bio
10.2.10The Soulfull Project
10.2.11Thrive Market
10.2.12Vitacost