Cashew Nuts Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges

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 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)

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 ways

• 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.
• 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
• 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
• 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
• 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.