The India cashew market reached approximately USD 2.56 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching a value of around USD 3.86 Billion by 2034.
Cashews are a staple ingredient in many food products, including dairy, baked goods, and confections, and the flourishing food processing sector. The rising demand for cashews is being fuelled by the growing popularity of cashew-based products like cashew butter, cashew milk, and cashew cheese. These items are meeting the needs of the expanding vegan and lactose-intolerant consumer groups. The increasing preference for plant-based diets is also driving the demand for nuts, including cashews, as a source of plant-based protein and healthy fats. Cashews are increasingly becoming a dietary staple among vegans and vegetarians.
India Cashew Market Outlook
- India continues to hold the title of the world's largest consumer of cashews, processing close to half of the global cashew kernels and consuming 40% of the worldwide output.
- The annual consumption of cashews by Indians is estimated to be worth USD 2.5 billion.
- The production of cashew nuts in India rose from 0.70 million tonnes (MT) to 0.77 million tonnes (MT) during 2021-2022.
India Cashew Market Growth
India stands as one of the leading countries in the world in terms of cashew production. Cashew cultivation in India spans across 0.7 million hectares of land, with an annual production exceeding 0.8 million tonnes (MT). In 2021-22, India's cashew nut production increased to 0.77 million tonnes (MT). The coastal regions of the peninsula are the primary areas where cashew cultivation is concentrated in India, particularly in states like Maharashtra, Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Goa, Orissa, West Bengal, and parts of the North-Eastern region. According to data from the National Horticulture Board (NHB), Maharashtra led the annual cashew nut production in 2021-22 with 0.20 million tonnes (MT), up from 0.19 million tonnes in 2020-21. In addition to its significant cashew production, India is renowned for its pioneering efforts in cashew processing and exporting cashew kernels worldwide.Cashews are a staple ingredient in many food products, including dairy, baked goods, and confections, and the flourishing food processing sector. The rising demand for cashews is being fuelled by the growing popularity of cashew-based products like cashew butter, cashew milk, and cashew cheese. These items are meeting the needs of the expanding vegan and lactose-intolerant consumer groups. The increasing preference for plant-based diets is also driving the demand for nuts, including cashews, as a source of plant-based protein and healthy fats. Cashews are increasingly becoming a dietary staple among vegans and vegetarians.
India Cashew Industry Segmentation
“India Cashew Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Type:
- White
- Scorched
- Dessert
Market Breakup by Form:
- Whole
- Pieces
Market Breakup by Region:
- East India
- West and Central India
- North India
- South India
India Cashew Market Share
Based on type, the market is segmented into white, scorched, and dessert. White cashews are projected to grow at a CAGR of 4.7% during the forecast period of 2025-2034. Such cashews provide a wide range of advantages, attracting health-conscious individuals and culinary enthusiasts alike. They contain high levels of monounsaturated and polyunsaturated fats, which are known to promote heart health.Leading Companies in the India Cashew Market
The market players are focusing on the adoption of sustainable and organic farming practices to gain a competitive edge in the market.- Kalbavi Consumer Foods Private Limited.
- Achal Group
- Bismi cashew company
- MANGALORE CASHEW INDUSTRIES
- SKP Cashews Pvt. Ltd.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Asia Pacific Cashew Market Overview
6 India Cashew Market Overview
7 India Cashew Market by Type
8 India Cashew Market by Form
9 India Cashew Market by Region
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- Kalbavi Consumer Foods Private Limited.
- Achal Group
- Bismi cashew company
- MANGALORE CASHEW INDUSTRIES
- SKP Cashews Pvt. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 2.56 Billion |
| Forecasted Market Value ( USD | $ 3.86 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | India |
| No. of Companies Mentioned | 5 |
