Peanut Milk is a non-dairy beverage created using peanuts, water and an additional sweetener. It does not contain any lactose and is therefore suitable for people with lactose intolerance.

Peanut milk is similar to soy milk and rice milk in its production: the substance is ground, soaked, (sometimes heated) and then filtered through a fine filter -- the resulting liquid is considered the "milk".

One commercial brand which originated in San Francisco in 1999 received national attention in 2002, after a local news story reported supposed health benefits.