In the marketing year of 2024, the wholesale price per kilogram for cashew nuts in India was about nine U.S. dollars. The average price in Australia was almost 14 U.S. dollars per kilogram that year. Tree nut production Tree nuts, which include walnuts, hazelnuts, cashews, among other varieties, are produced in high quantities each year. During the marketing year of 2018/2019, an estimated four and a half million metric tons of tree nuts were produced. Tree nut production has experienced an upward trend in the past ten years. Out of all the different types of tree nuts produced in 2019/2020, almonds were cultivated the most. That marketing year, almost one and a half million metric tons’ worth of almonds were produced. Tree nut consumption in the U.S. Per capita consumption of shelled tree nuts in the United States has increased considerably over the last few years: U.S. consumers ate approximately five pounds of tree nuts in 2018. A spike could be seen in 2016, when consumption of tree nuts grew by almost a pound compared to the previous year.

The global cashew nut market fell to $6B in 2024, shrinking by -5.8% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $7.7B in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The price of cashew nuts in the international market can vary depending on factors such as supply and demand, quality, and origin. This article explores these factors and provides an overview of the average price range for cashew nuts per ton. It also highlights the role of major cashew nut producing countries and the impact of supply and demand dynamics on prices. Additionally, the importance of quality and origin in determining cashew nut prices is discussed, along with the influence of seasonal fluctuati

Learn about the price dynamics of raw cashew nuts in the international market and the factors that influence them, including quality, origin, harvest season, and international trade policies.

The Global Cashew Nut Market Report is Segmented by Grade (White Wholes, Scorched Wholes, Dessert Wholes, White Pieces, Scorched Pieces, and Dessert Pieces) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers the Market Sizing in Terms of Volume in Metric Tons and Value in USD Thousand.

According to Cognitive Market Research, the Cashew Nuts Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The global cashew nuts market will expand significantly by XX% CAGR between 2024 and 2031.
The whole form segment accounts for the largest market share and is anticipated for a healthy growth over the approaching years.
The white whole cashew nuts had a market share of about XX% in 2022.
The raw cashew nuts hold the largest market share compared to flavoured cashew nuts.
Application of cashew market in snack and bar segment is the market’s largest contributor and is anticipated to expand at a CAGR of XX% during the projected period. 
The sector has seen a transformation in indirect sales with the rise of e-commerce and online marketplaces 
Asia-Pacific region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future.

Market Dynamics of Cashew Nut Market

Key Drivers of the Cashew Nut Market

The diverse range of cashew nuts application options across various industries has led to growth in the demand for cashew nuts

Continuous development and market competition led companies to work harder on the innovation part and the innovation factor in the cashew nuts market has brought a whole new list of variables that can be made from raw cashew nuts. Raw cashew nuts are now available as Whole, Roasted, Powder, Paste, and Splits. This extension of forms has not only availed consumers of multiple options but has also stretched the application of each of them creating a whole new set of demand lists for consumer and industrial usage. Cashew nuts in each form can be used in many sectors like dairy products, Bakery products, Snacks & Bars, Confectionaries, Cereals, Desserts, Beverages, and Cosmetic Products. Also, the market is offering different variables of cashew nuts for direct consumption like cocoa-dusted wrapped cashews, sea salt wrapped, toasted coconut roasted, peri-peri roasted, golden turmeric wrapped, cinnamon wrapped, etc. This wide range of variables and their application options have boosted the demand for cashew nuts in industries. For instance, the consumption scale of cashew nuts throughout Europe is increasing by nearly 5% annually. Cashews are now produced and distributed as a milk product as well, named cashew milk which can be consumed as a substitute for the cow-milk or any other animal milk. It contains 60 calories, 2.5 grams of fat, 1 gram of protein, and 7 grams of carbs. This product turned as a major attraction amongst vegan consumers as they cannot consume animal milk and seek other options to absorb nutrients and calcium. Also, cashew milk is said to hold various benefits which means it is a healthier and better option compared to animal milk. Furthermore, Raw and roasted cashews are used in the production of cashew butter as well which is currently positioned as a natural alternative to peanut butter as peanut is subject to create allergy issues for some people. Cashew butter has been claimed to be best for Iron Deficiency.

In conclusion, the increasing varieties of cashew nuts are driving the market to grow as companies are launching wise varieties with several benefits that are making consumers try them. Recently, the application of cashew nuts has been done in households for direct consumption and also as a component in curries and food items.

Rise in lactose intolerance cases, healthier dietary choices have influenced consumer preference toward the consumption of cashew milk

Growing health concerns after the pandemic have driven people to become more health-conscious and explore their eating patterns with healthy, vegan, and plant-based diets. Along with cashew nuts, cashew milk is also widely accepted across the world by people following a vegan diet as cashew milk is an alternate to animal milk. Furthermore, cashew milk was found to be healthier and nutrient-rich compared to other milk substitutes. It is creamy and sweet containing high levels of healthy fats, minerals, and Vitamins. It can be said that cashew milk is now much preferred by people as it has a long list of beneficiary factors like it is low in Calorie (compared to animal milk), Lactose-Free (a good alternative for people who are lactose intolerant), easier to dig...

Global Cashew Nuts Market Size Was Worth USD 8 Billion in 2022 and Is Expected To Reach USD 11 Billion by 2030, At CAGR of 4.5%.

2525 Global export shipment records of Raw Cashew Nuts with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Cashew Kernel Market Report is Segmented by Grade(White Whole, Scorched Wholes, Dessert Wholes, White Pieces, Scorched Pieces, and Dessert Pieces) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Covers the Analysis of the Cashew Kernel Market by Production(Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price Trend. The Report Offers Market Size and Forecasts in Terms of Value (USD) and Volume (metric Tons) for all the Above Segments.

This statistic shows the production of cashew nuts (in shell) worldwide from 2010 to 2023. In 2023, approximately 3.93 million metric tons of in shell basis cashew nuts were produced worldwide, an increase from 2020 production values.

After three years of growth, overseas shipments of cashew nuts decreased by -36.1% to 205 tons in 2023.

89 Global import shipment records of Cashew,nut with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

51 Global import shipment records of Raw Cashew Nuts with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

64 Global import shipment records of Cashew with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

36450 Global exporters importers export import shipment records of Cashew nut w320 with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Learn about the factors that influence the world market price of cashew nuts, including supply and demand dynamics, weather conditions, global trade policies, and currency exchange rates. Discover how increasing consumer demand, weather fluctuations, and trade restrictions can lead to fluctuations in prices, and the impact of the COVID-19 pandemic on the cashew market.

4328 Global import shipment records of Raw Cashew with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Learn about the various factors that influence the price of cashews in the international market, such as supply and demand, quality, global trade policies, and economic conditions. Stay informed to make informed decisions regarding pricing, procurement, and market strategies.

The global cashew nutshell liquid market was valued at USD 371.1 million in 2021 and is expected to grow at a CAGR of 7.5% during the forecast period.

4666 Global export shipment records of Cashew Nut with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.