"Global Cashew Nuts Market is valued at USD 10.8 billion in 2025. Further, the market is expected to grow at a CAGR of 5.9% to reach USD 18.1 billion by 2034."
The global cashew nuts market is witnessing steady growth driven by rising health consciousness, increasing demand for plant-based protein, and expanding applications in snacks, bakery, confectionery, and dairy alternatives. Cashew nuts are rich in essential nutrients including healthy fats, proteins, vitamins, and minerals, making them a popular choice among consumers seeking nutritious snacking options. Additionally, the growing vegan and vegetarian population worldwide is driving the consumption of cashew-based cheese, butter, and milk products as sustainable dairy alternatives. Asia Pacific dominates production with Vietnam, India, and Indonesia as major exporters, while North America and Europe remain key consuming regions due to strong demand for processed and roasted cashews.
The market is supported by advancements in processing technologies, improved storage and packaging solutions, and efficient global distribution networks that maintain product quality and extend shelf life. However, the market faces challenges such as fluctuating raw cashew prices, dependency on seasonal harvests, and concerns over fair trade practices and labour conditions in producing countries. Companies are focusing on product innovation, introducing flavoured and organic variants to cater to evolving consumer preferences. Overall, the cashew nuts market is expected to maintain a strong growth trajectory as healthy snacking trends, plant-based food adoption, and premiumisation of nut-based products continue to shape demand globally.
Whole cashew is the largest segment by form in the cashew nuts market as it is widely used in premium retail packaging, gifting, and culinary applications due to its intact shape, visual appeal, and perceived quality. Consumers prefer whole cashews for direct snacking, cooking, and traditional recipes, driving its dominant market share globally.
Snacks and bars are the largest usage segment as cashews are extensively used in roasted snacks, nut mixes, health bars, and trail mixes. Rising demand for healthy, protein-rich, and convenient snacking options among urban consumers supports the strong growth of this segment in both developed and emerging markets.
Key Insights
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The global cashew nuts market is driven by rising health awareness and the popularity of plant-based diets. Cashews are rich in protein, healthy fats, and essential minerals, making them a preferred snack and ingredient in vegan dairy alternatives such as cashew milk, cheese, and cream-based sauces globally.
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Asia Pacific remains the leading production region, with Vietnam and India accounting for a significant share of global cashew nut processing and exports. These countries benefit from established processing infrastructure, competitive labour costs, and favourable climatic conditions supporting large-scale cashew cultivation.
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North America and Europe are major consumers of cashew nuts due to strong demand for roasted, flavoured, and organic variants. The rise of health-focused snacking and clean-label food trends in these regions continues to drive cashew consumption in retail and foodservice channels.
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Flavoured cashews such as spicy chilli, honey roasted, and coconut-coated are gaining popularity among urban consumers seeking premium and differentiated snack experiences. Companies are launching innovative flavours to strengthen brand portfolios and capture evolving taste preferences.
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Price volatility of raw cashew nuts remains a key market challenge, driven by seasonal harvest patterns, climatic risks, and geopolitical factors affecting supply chains. This impacts procurement strategies, cost management, and profitability of processors and exporters worldwide.
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Ethical sourcing, fair trade certifications, and sustainable supply chain practices are becoming increasingly important for global buyers and retailers. Ensuring fair wages and better working conditions for farmers is critical to brand positioning among socially conscious consumers.
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Technological advancements in processing and packaging, such as nitrogen flushing and moisture-proof vacuum pouches, are improving product shelf life, maintaining freshness, and supporting exports by enhancing quality assurance standards for global distribution networks.
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Leading market players such as Olam International, Vietnam Cashew Association companies, and major Indian processors are expanding production capacities and investing in value-added processing to strengthen export competitiveness and meet diversified product demand.
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The growing plant-based food sector is driving demand for cashew-based spreads, dips, sauces, and dessert formulations as creamy and nutritious dairy alternatives, boosting industrial applications of cashew kernels in the food processing industry globally.
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The market outlook remains strong as rising health-conscious snacking habits, urbanization, and premiumisation trends continue to support cashew nut demand. Companies are expected to focus on sustainable sourcing, flavour innovation, and value addition to maintain growth momentum.
Reort Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Form, By Usage, By Distribution Channel |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10 % free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Market Segmentation
By Form
- Whole
- Roasted
- Splits
- Paste
By Usage
- Dairy Products
- Cereals
- Confectionaries
- Beverages
- Snacks And Bars
- Bakery Items
By Distribution Channel
- Convenience Stores
- Hypermarkets And Supermarkets
- Retailers
- Specialist Stores
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Market Players
What You Receive
• Global Cashew Nuts market size and growth projections (CAGR), 2024- 2034• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Cashew Nuts.
• Cashew Nuts market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Cashew Nuts market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Cashew Nuts market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Cashew Nuts market, Cashew Nuts supply chain analysis.
• Cashew Nuts trade analysis, Cashew Nuts market price analysis, Cashew Nuts Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Cashew Nuts market news and developments.
The Cashew Nuts Market international scenario is well established in the report with separate chapters on North America Cashew Nuts Market, Europe Cashew Nuts Market, Asia-Pacific Cashew Nuts Market, Middle East and Africa Cashew Nuts Market, and South and Central America Cashew Nuts Markets. These sections further fragment the regional Cashew Nuts market by type, application, end-user, and country.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways1. The report provides 2024 Cashew Nuts market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Cashew Nuts market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Cashew Nuts market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Cashew Nuts business prospects by region, key countries, and top companies' information to channel their investments.
Available Customizations
The standard syndicate report is designed to serve the common interests of Cashew Nuts Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Cashew Nuts Pricing and Margins Across the Supply Chain, Cashew Nuts Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Cashew Nuts market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
1.1 List of Tables
1.2 List of Figures
2. Cashew Nuts Market Latest Trends, Drivers and Challenges, 2024- 2034
2.1 Cashew Nuts Market Overview
2.2 Cashew Nuts Market Developments
2.2.1 Cashew Nuts Market -Supply Chain Disruptions
2.2.2 Cashew Nuts Market -Direct/Indirect Impact of Tariff Changes and Trade Restrictions
2.2.3 Cashew Nuts Market -Price Development
2.2.4 Cashew Nuts Market -Regulatory and Compliance Management
2.2.5 Cashew Nuts Market -Consumer Expectations and Trends
2.2.6 Cashew Nuts Market -Market Structure and Competition
2.2.7 Cashew Nuts Market -Technological Adaptation
2.2.8 Cashew Nuts Market -Changing Retail Dynamics
2.3 Cashew Nuts Market Insights, 2025- 2034
2.3.1 Prominent Cashew Nuts Market product types, 2025- 2034
2.3.2 Leading Cashew Nuts Market End-User markets, 2025- 2034
2.3.3 Fast-Growing countries for Cashew Nuts Market sales, 2025- 2034
2.4 Cashew Nuts Market Drivers and Restraints
2.4.1 Cashew Nuts Market Demand Drivers to 2034
2.4.2 Cashew Nuts Market Challenges to 2034
2.5 Cashew Nuts Market- Five Forces Analysis
2.5.1 Cashew Nuts Market Industry Attractiveness Index, 2025
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Cashew Nuts Market Value, Market Share, and outlook to 2034
3.1 Global Cashew Nuts Market Overview, 2025
3.2 Global Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
3.3 Global Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
3.4 Global Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
3.5 Global Cashew Nuts Market Size and Share Outlook by Region, 2025- 2034
4. Asia Pacific Cashew Nuts Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Cashew Nuts Market Overview, 2025
4.2 Asia Pacific Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
4.3 Asia Pacific Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
4.4 Asia Pacific Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
4.5 Asia Pacific Cashew Nuts Market Size and Share Outlook by Country, 2025- 2034
4.6 Key Companies in Asia Pacific Cashew Nuts Market
5. Europe Cashew Nuts Market Value, Market Share, and Forecast to 2034
5.1 Europe Cashew Nuts Market Overview, 2025
5.2 Europe Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
5.3 Europe Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
5.4 Europe Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
5.5 Europe Cashew Nuts Market Size and Share Outlook by Country, 2025- 2034
5.6 Key Companies in Europe Cashew Nuts Market
6. North America Cashew Nuts Market Value, Market Share, and Forecast to 2034
6.1 North America Cashew Nuts Market Overview, 2025
6.2 North America Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
6.3 North America Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
6.4 North America Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
6.5 North America Cashew Nuts Market Size and Share Outlook by Country, 2025- 2034
6.6 Key Companies in North America Cashew Nuts Market
7. South and Central America Cashew Nuts Market Value, Market Share, and Forecast to 2034
7.1 South and Central America Cashew Nuts Market Overview, 2025
7.2 South and Central America Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
7.3 South and Central America Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
7.4 South and Central America Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
7.5 South and Central America Cashew Nuts Market Size and Share Outlook by Country, 2025- 2034
7.6 Key Companies in South and Central America Cashew Nuts Market
8. Middle East Africa Cashew Nuts Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Cashew Nuts Market Overview, 2025
8.2 Middle East and Africa Cashew Nuts Market Revenue and Forecast, 2025- 2034 (US$ Million)
8.3 Middle East Africa Cashew Nuts Market Size and Share Outlook by Type, 2025- 2034
8.4 Middle East Africa Cashew Nuts Market Size and Share Outlook by End-User, 2025- 2034
8.5 Middle East Africa Cashew Nuts Market Size and Share Outlook by Country, 2025- 2034
8.6 Key Companies in Middle East Africa Cashew Nuts Market
9. Cashew Nuts Market Players Analysis
9.1 Cashew Nuts Market Companies - Key Strategies and Financial Analysis
9.1.1 Snapshot
9.1.2 Business Description
9.1.3 Products and Services
9.1.4 Financial Analysis
10. Cashew Nuts Market Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Cashew Nuts Market is estimated to generate USD 10.8 billion in revenue in 2025.
The Global Cashew Nuts Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2025 to 2034.
The Cashew Nuts Market is estimated to reach USD 18.1 billion by 2034.
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