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.

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.

In the marketing year of 2024, the wholesale price per kilogram for cashew nuts in India was about **** U.S. dollars. The average price in Australia was almost ** 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 *** 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 *** 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 **** pounds of tree nuts in 2018. A spike could be seen in 2016, when consumption of tree nuts grew by almost *** pound compared to the previous year.

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.

According to Cognitive Market Research, the Cashew Nuts Market Size was 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 digest ...

According to Cognitive Market Research, the global raw cashew nuts market size was USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The pharmaceuticals category is the fastest growing segment of the raw cashew nuts industry

Market Dynamics of Raw Cashew Nuts Market

Key Drivers for Raw Cashew Nuts Market

Increased Interest in Health Awareness to Boost Market Growth

The industry demand for cashew nuts has been greatly boosted by increasing recognition of their positive health effects, including the substantial quantities of nutrients such as antioxidants and vitamins. The cardiovascular-friendly monounsaturated fats found in cashew nuts are reported to help reduce levels of harmful cholesterol. They're also associated with a number of other health advantages, including as better bone health, less obesity, and a lower chance of developing chronic illnesses. The need for nutrient-dense items has increased due to the popularity of plant-based nutrition and healthy nutrition. The increasing trend of people choosing natural and healthful foods has led to cashew nuts becoming a popular option for those who are concerned about their health. For instance, MEKONG TECH GROUP is the manufacturer and builder of cashew kernel roasted instruments. It is used in the confectionery business for melon seeds, peanuts, cashews, almonds, mixed asparagus, broad beans, nuts, chestnuts, and chickpeas. Uniquely designed for cashew nut extraction.

Moreover, there is an increasing demand for bakery products that contain cashew nuts due to consumers’ changing lifestyles in terms of health and wellness. These nuts are versatile and the benefits are multifaceted. It enhances the texture, flavor, and consistency of the baked products, according to the form in which it is incorporated, by grinding the nuts for fat content or using it as a vegan flour or as topping or filling. For instance, in Christmas plum cake, dried fruits such as raisins, currants, prunes, dates, cherries, and orange peels and nuts such as cashews, almonds, or walnuts are generously added while baking these cakes as they make the cake tastier and improves the texture of the cake.

Growing Acceptance of Vegetarianism to Drive Market Growth

The raw cashew nuts market has witnessed steady growth due to the growing acceptance of vegetarianism. Veganism is a way of existence and nutritional choice that excludes milk and dairy products, items that are solely produced from livestock, and any combination of these.

The veganism trend is becoming increasingly popular among millennials and Gen Z demographics. Moreover, the emergence of plant-based foods is also due to rising awareness about plant-based protein and plant-based nutrition. For instance, in May 2021, a survey by The Vegan Society found that one in four Brits conveyed that they had decreased the consumption of animal products since the start of the Covid-19 pandemic. 20 % of people said they reduced their meat consumption while 12% said they had lowered their eggs and dairy intake.

Raw cashew nuts are energy-dense foods packed with vitamins and minerals therefore, adding them in the plant-based or vegan diet provides the nutritional boost required. They are also high in good fats which is found to be beneficial for health as they are a good source of plant-based protein. Technology to prepare cashew nuts is employed to eliminate the minimal am...

The Global Cashew Market Report is Segmented by Form (In-Shell and Shelled) and by Geography (North America, Europe, Asia-Pacific, South America, and More). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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Cashew Market Size 2023-2027

The global cashew market size is projected to increase by 1,123.96 thousand tons, growing at a CAGR of 5.3% from 2022 to 2027. Market growth is driven by rising lactose intolerance and allergies to soy, hazelnut, and almond milk. The demand for lactose-free and alternative milk options like cashew milk is expanding, particularly in European countries.

Global Cashew Market Overview

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Global Cashew Market Segmentation

This market forecast report extensively covers market segmentation by type (conventional or regular and organic), distribution channel (offline and online), and geography (North America, APAC, Europe, Middle East and Africa, and South America). This cashew market research and growth report also includes an in-depth analysis of drivers, trends, and challenges.

By Type

The market share growth by the conventional segment will be significant during the forecast period. Conventional cashews are produced with the application of pesticides and fertilizers on the nuts.

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The conventional or regular segment was valued at 2,305.22 tons in 2017 and continued to grow until 2021. Conventional farming is usually done on a large scale. In 2022, the low price of conventional compared with that of organic cashews is one of the major factors that drove the growth of the segment during the forecast period. The demand for the former is expected to increase during the forecast period owing to the rising awareness among consumers about the health benefits. Being rich in certain essential proteins and minerals, consumption in appropriate quantities helps in lowering the amount of bad cholesterol low-density lipoprotein (LDL) cholesterol in the body and, thereby, reducing the risk of cardiovascular diseases. They also help in healthy muscle development and maintaining healthy bones and teeth, along with boosting the immune system and reducing the risk of diabetes. Hence, such health benefits of conventional cashews at lower cost will drive the growth of the segment during the forecast period.

By Distribution Channel

In 2022, offline distribution channels such as supermarkets, hypermarkets, and convenience stores accounted for the largest market share. Supermarkets and hypermarkets are the most effective distribution channels. An increasing number of hypermarkets and supermarkets are promoting the sale through offline channels. These stores have a large amount of shelf space and storage space to accommodate different types offered by local and international suppliers, allowing consumers to select products based on their preferred flavors and brands, including dairy alternatives. These providers offer their products in supermarkets and hypermarkets such as B. (Reliance Fresh), Spar International, and Spencer`s Retail Ltd. Other Retail Pvt. To grow offline sales, players manage sales through store expansion in local and regional markets. Providers are increasing their offline sales through market expansion plans and offering their products in different regions.

Key Regions

Get a glance at the market share of various regions View PDF Sample

North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In 2022, North America was one of the largest producers of cashews in volume. The increasing production is meeting the rising requirements of consumers in the region. Thus, the significant growth in production and consumption in North America is expected to fuel the market growth during the forecast period.

They are a potential resource of vitamins, particularly vitamin E, and minerals, including magnesium and zinc. As a result, These are a popular snack and are also used in various cuisines and confectioneries. Furthermore, due to the increasing vegan population and growing health concerns over the consumption of dairy-based products, consumers in this region prefer to purchase dairy-free alternatives, including cashew milk. Thus, in recent years, there has been an increase in the consumption of this milk in countries including the US and Canada. Companies are therefore offering this milk that is free from preservatives and contains no artificial colors. Therefore, the above-mentioned factors are estimated to boost the expansion of the regional market during the forecast period.

Global Cashew Market Dynamics and Customer Landscape

The market operates within a dynamic framework, influenced by various factors such as suppliers, prices, exports, and industry trends. With a significant global trade presence, cashews are cultivated in various regions worldwide, with Vietnam emerging as a key player in cashew processing

The world market price of raw cashew nuts fluctuates based on several factors such as supply and demand, global trade policies, weather conditions, and currency exchange rates. Cashew nuts are primarily produced in countries like India, Vietnam, Nigeria, Ivory Coast, and Brazil. These countries account for the majority of the global cashew nut production. India is the largest producer and exporter of cashew nuts, followed by Vietnam. The world market price of cashew nuts is influenced largely by the product

The global Processed Cashew market is poised to reach a value of USD 5,925.7 Million by 2025 and it is projected to reach a value of USD 10,413.5 Million by 2035, reflecting a compound annual growth rate of 5.8% over the assessment period 2025 to 2035.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 5,925.7 million
Projected Global Industry Value (2035F)	USD 10,413.5 million
Value-based CAGR (2025 to 2035)	5.8%

Semi Annual Market Update

Particular	Value CAGR
H1 2024	5.5% (2024 to 2034)
H2 2024	5.8% (2024 to 2034)
H1 2025	5.7% (2025 to 2035)
H2 2025	5.9% (2025 to 2035)

Country wise Insights

Countries	CAGR, 2025 to 2035
United States	3.9%
Germany	4.7%
India	6.1%

Category-wise Insights

Segment	Value Share (2024)
Sliced and Diced (Product types)	32.1%

Segment	Value Share (2024)
Protein Bars and Powders (End Use Applications)	35.2%

Cashew Nuts Market size was valued at USD 7.3 Billion in 2023 and is projected to reach USD 10.5 Billion by 2031, growing at a CAGR of 4.2% during the forecast period 2024-2031.

Global Cashew Nuts Market Drivers

The market drivers for the Cashew Nuts Market can be influenced by various factors. These may include: Health Consciousness: The rising awareness of the health benefits of cashew nuts, such as their high levels of vitamins, minerals, and antioxidants, has significantly driven market demand. Cashew nuts are recognized for their heart-healthy monounsaturated fats, which help lower bad cholesterol levels. Additionally, they're linked to various health benefits, including improved bone health, weight management, and reduced risk of chronic diseases. The trend towards plant-based diets and clean eating has further propelled this demand as consumers seek nutritious snacks. The growing inclination towards natural and wholesome foods has consequently made cashew nuts a preferred choice among health-conscious individuals.

Global Snacking Trend: The increasing trend of snacking, especially among millennials and Gen Z, has positively influenced the cashew nuts market. These demographic groups prioritize convenient, healthy snack options and often seek out nutrient-dense foods that align with their fast-paced lifestyles. Cashew nuts are not only portable and easy to consume, but they also provide a satisfying crunch and nutritional value that appeals to snackers. This demand is further buoyed by innovative product offerings, such as flavored varieties and ready-to-eat packaging. As more consumers gravitate towards snacking as a regular practice, the market for cashew nuts continues to expand.

Global Cashew Nuts Market Restraints

Several factors can act as restraints or challenges for the Cashew Nuts Market. These may include:

Price Volatility: The cashew nuts market is notably affected by price volatility driven by fluctuating supply levels and varying production costs. Seasonal variations, climatic conditions, and pest outbreaks can lead to unpredictable harvests, creating imbalances between supply and demand. As a result, end consumers may face erratic pricing, which can deter potential buyers and impact retailers' profit margins. Moreover, fluctuating agricultural commodity prices can adversely affect farmers' income, potentially leading to reduced investment in future crops and worsening the supply deficit. Ultimately, these price uncertainties may hinder market growth and make it difficult for stakeholders to plan and budget effectively. Quality Concerns: Quality assurance is a significant restraint in the cashew nuts market, as consumers increasingly demand high-quality products. Factors affecting quality include improper processing, contamination, and inadequate storage. Poor-quality cashew nuts can lead to undesirable flavors, textures, and nutritional deficiencies. These quality concerns can result in increased product returns and consumer dissatisfaction, potentially damaging brand reputations. To maintain market competitiveness, producers must adhere to stringent quality control standards, which require investment in facilities and training. If not adequately addressed, these challenges can limit the market's appeal and dissuade retailers from stocking certain brands or varieties.

Discover the booming global cashew nut market! This comprehensive analysis reveals key trends, growth drivers, regional market shares, and leading companies shaping the industry's future from 2025 to 2033. Learn about market size, CAGR, and emerging opportunities in cashew production and consumption.

2978 Global import shipment records of Cashew Nut with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

According to Cognitive Market Research, the global cashew nut shell liquid CNSL market size was USD 415.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 124.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 95.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 20.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The epoxy curing agents held the highest cashew nut shell liquid CNSL market revenue share in 2024.

Market Dynamics of Cashew Nut Shell Liquid CNSL Market

Key Drivers for Cashew Nut Shell Liquid CNSL Market

Increased Investment in CNSL Extraction Technologies Propels Market Growth

Increased investment in CNSL extraction technologies is a significant driver of market growth in the Cashew Nut Shell Liquid (CNSL) market. Advancements in extraction methods have improved the efficiency and yield of CNSL production, making it more cost-effective and environmentally friendly. These innovations are enabling manufacturers to meet the rising demand for CNSL in various industries, such as automotive, adhesives, and coatings. Furthermore, enhanced extraction technologies are helping to reduce waste and lower the overall carbon footprint, aligning with global sustainability goals. This trend is expected to continue driving the growth of the CNSL market.

Sustainable and Eco-Friendly Products are Driving Demand For CNSL

The growing emphasis on sustainable and eco-friendly products is significantly driving demand for Cashew Nut Shell Liquid (CNSL) in various industries. CNSL, a bio-based raw material, is increasingly preferred for its renewable nature and lower environmental impact compared to synthetic alternatives. Industries such as automotive, adhesives, coatings, and polymers are incorporating CNSL into their products to meet consumer demand for greener solutions. Additionally, CNSL's versatility in applications like friction materials and green chemistry further boosts its appeal. As the push for sustainability intensifies, CNSL is expected to gain even more traction in the global market.

Restraint Factor for the Cashew Nut Shell Liquid CNSL Market

Competition From Alternative Products Affecting CNSL Market Growth

Competition from alternative products is a significant challenge for the Cashew Nut Shell Liquid (CNSL) market. Synthetic resins and chemicals often offer lower costs and more consistent performance compared to CNSL. These alternatives can impact market growth by reducing the demand for CNSL, particularly in industries where cost and efficiency are prioritized. Despite CNSL's eco-friendly and renewable nature, its higher production costs and variable quality compared to synthetic options can limit its adoption. To address this, ongoing innovations and advancements in extraction technologies are essential to enhance CNSL's competitiveness and appeal in various applications.

Limited Raw Material Availability Due to Cashew Processing Concentration

The availability of Cashew Nut Shell Liquid (CNSL) is directly tied to the processing of raw cashew nuts, which is geographically concentrated in a few countries such as India, Vietnam, and some African nations. This dependence creates a supply bottleneck, especially when cashew production fluctuates due to weather conditions, farming practices, or geopolitical issues. Moreover, a significant portion of cashew processing still occurs in unorganized or small-scale sectors with limited infrastructure for efficient CNSL extraction. These supply chain vulnerabilities result in inconsistent raw material availability, which affects production stab...

Global cashew nut market analysis: consumption, production, trade, and price trends from 2013-2024, with forecasts to 2035. Key insights on leading countries, growth rates, and market dynamics.

1819 Global export shipment records of Raw Cashew Nuts with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

57627 Global import shipment records of Raw Cashew Nuts In Shell with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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

32432 Global import shipment records of Raw Cashew Nuts with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.