MARKET OVERVIEW:
The global cashew market reached USD 7.7 billion in 2024, and is projected to grow to USD 10.7 billion by 2033, with a steady CAGR of 3.7% during 2025–2033. Rising health consciousness and consumer preference for nutritious, plant-based snacks and ingredients—alongside the incorporation of cashew into foods, beverages, and cosmetics—are fuelling this expansion. Product innovation and growing retail distribution are also driving global demand.
STUDY ASSUMPTION YEARS:
- BASE YEAR: 2024
- HISTORICAL YEAR: 2019–2024
- FORECAST YEAR: 2025–2033
CASHEW MARKET KEY TAKEAWAYS:
- Market size growth: Worth USD 7.7 billion in 2024, expected to reach USD 10.7 billion by 2033, at a CAGR of 3.7% .
- Health‑oriented demand: Driven by rising awareness of cashew’s nutritional profile—protein, healthy fats, antioxidants, and minerals—boosting consumption across categories.
- Plant‑based shift: Growing vegan and dairy‑free diets increase uptake in cashew milk, cheeses, and snacks.
- Product innovation: Flavored cashews, novel forms like powder, paste, splits, and expanding applications in cosmetics and bakery.
- Distribution channels: Supermarkets, retailers, online stores and others enabling easier access globally.
MARKET GROWTH FACTORS
Health-conscious and plant-based consumption
Consumers worldwide are embracing more nutritious and plant-based diets, elevating cashew consumption. Cashews provide an appealing alternative to traditional snacks due to their high protein, fiber, healthy fat, vitamins, zinc, magnesium, and antioxidants—all supporting heart health, immunity, and weight management. As lifestyles shift toward wellness, cashew‑based items—from snack bars and trail mixes to dairy alternatives like cashew milk—are soaring in popularity. This dietary shift is a core driver of the global market’s projected 3.7% CAGR.
Technological advances product diversification
Technological innovation in processing is enabling new product forms—such as roasted whole nuts, pastes, powder, and splits—with refined flavor profiles and extended shelf life. Manufacturers are also experimenting with flavored variants like chili lime, sweet and spicy offerings to meet evolving consumer palates. Improved infrastructure, cold chain, and packaging methods enable global distribution. These advancements are enhancing production efficiency and opening new application avenues, from dairy‑free products to cosmetics.
Expanding distribution multi‑industry applications
Cashews are no longer limited to snacks—they are now integral in bakery, confectionery, beverages, cereals, desserts, cosmetic and personal care products. Supermarkets, online platforms, and specialty retailers have increased shelf space for cashew‑based items across regions . This broad distribution network supports consistent availability and market reach. Regulatory support for healthy food labeling and vegan certification also encourages innovation and consumer trust across food and cosmetics sectors worldwide.
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MARKET SEGMENTATION
Breakup by Form:
- Whole: edible kernel in natural form.
- Roasted: pre‑cooked, flavored or plain nuts.
- Powder: ground cashew into fine form.
- Paste: creamy nut paste used in spreads or dairy alternatives.
- Splits: kernel halves used in snacks or ingredients.
Breakup by Distribution Channel:
- Supermarkets
- Retailers
- Online Stores
- Others
Breakup by Application:
- Dairy Products
- Bakery Products
- Snacks and Bars
- Confectionaries
- Cereals
- Desserts
- Beverages
- Cosmetic Products
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
REGIONAL INSIGHTS
North America leads the global cashew market, with strong performance driven by rising demand among health‑conscious consumers and growing plant‑based diets. In 2024, the region contributed significantly to the USD 7.7 billion global market and supports projected expansion to USD 10.7 billion by 2033 . Adoption of cashew‑based snacks, dairy‑free alternatives, and their widespread retail distribution are key growth enablers.
RECENT DEVELOPMENTS NEWS
Recent innovations center on flavored cashews and expanding application in vegan and health‑focused product lines. Manufacturers are introducing chili‑lime, sweet, and spicy cashew variants to appeal to varied taste preferences.Growth in plant‑based dairy alternatives such as cashew milk and cheese continues, targeting lactose‑intolerant and vegan consumers. Meanwhile, the cosmetics sector increasingly uses cashew oil and extracts in skin‑care and hair‑care formulations due to its nutrient richness and moisturizing properties .
KEY PLAYERS
- Agrocel Industries Pvt. Ltd.
- Aryan International
- Aurora Products Inc.
- Bata Food (BARDAKCIGROUP)
- CBL Natural Foods (Pvt) Ltd.
- Delicious Cashew Co.
- Delphi Organic GmbH
- Divine Foods LLC
- Haldiram's
- Kalbavi Cashews
- Lafooco (PAN Group)
- Nutty Yogi
- Royal Dry Fruits
- Wonderland Foods
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