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Cashew Nuts Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: Apr, 2025
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Pages: 153

"The global Cashew Nuts Market is valued at USD 8.9 billion in 2025. Further, the market is expected to grow at a CAGR of 4.85% to reach USD 13.6 billion by 2034."

The cashew nuts market continues to grow as consumers increasingly seek healthier snack alternatives. Known for their rich nutritional profile, cashews are a popular source of protein, healthy fats, vitamins, and minerals. This has driven steady demand in both developed and emerging markets, where cashews are consumed raw, roasted, salted, or as ingredients in confectioneries and savory dishes.

In recent years, there has been a significant rise in the use of cashews in plant-based dairy alternatives and health-oriented snack products. Food manufacturers are leveraging the nut’s creamy texture and mild flavor to produce cashew-based milk, yogurt, and spreads. This trend reflects a broader consumer shift toward plant-based diets and functional foods, fueling demand for cashew nuts across various categories.

The market is also influenced by the expansion of cashew cultivation and processing in producing countries such as Vietnam, India, and Côte d’Ivoire. These regions are not only top suppliers but are also investing in quality improvements, certifications, and sustainable practices to meet rising global demand. With growing applications in the health food sector and ongoing supply chain enhancements, the cashew nuts market shows strong potential for continued growth.

Trends

  • Increased popularity of plant-based dairy products, such as cashew milk and cheese, driving demand for high-quality cashew nuts.
  • Growing interest in organic and sustainably sourced cashews among health-conscious consumers.
  • Expansion of online retail channels, allowing for greater accessibility and direct-to-consumer sales of premium cashew products.
  • Introduction of innovative cashew-based snack products, including flavored nuts, protein bars, and nut blends.
  • Development of fair-trade and ethically sourced cashews, attracting socially responsible buyers and promoting sustainability.

    • Drivers

  • Rising consumer preference for nutrient-rich snacks and functional foods that promote health and wellness.
  • Increased availability of cashew nuts due to improved cultivation techniques and expanded processing capacities in major producing regions.
  • Supportive government initiatives and trade agreements that enhance the competitiveness of cashew-exporting countries.
  • Growing penetration of plant-based diets and vegan lifestyles, which boost demand for cashew-based dairy and snack alternatives.

    • Challenges

  • Volatility in raw cashew nut prices due to seasonal fluctuations and weather-related issues in producing countries.
  • Supply chain disruptions and logistical challenges, particularly in exporting regions, can impact market stability.
  • Intense competition from other nuts, such as almonds and walnuts, which may limit cashews’ market share in certain categories.

    • 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

  • Nestlé S.A.
  • Archer Daniels Midland Company
  • Bunge Limited
  • The Kraft Heinz Company
  • John B. Sanfilippo & Son Inc.
  • Vietnam Cashew Corporation (VINACAS)
  • Lien Anh Co. Ltd
  • Haldiram Foods International Private Limited
  • Alphonsa Cashew Industries
  • Diamond Foods LLC
  • Emerald Nuts LLC
  • Aurora Products Inc.
  • Aryan Food Ingredients Limited
  • CBL Natural Foods Private Limited
  • Nutsco Inc.
  • Delicious Cashew Company
  • Nutty Yogi
  • Wonderland Foods
  • Bismi Cashew Company
  • Divine Foods
  • Achal Cashew Nuts
  • Delphi Organic
  • Bata Food
  • Kalbavi Cashews
  • Royal Dry Fruits
    • 1. Table of Contents
    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 8.9 billion in revenue in 2025.

    The Global Cashew Nuts Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2025 to 2034.

    The Cashew Nuts Market is estimated to reach USD 13.6 billion by 2034

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