Cashew Kernel Market
Cashew Kernel Market Forecasts to 2032 - Global Analysis By Type (White Whole Cashew Kernels (WW), Scorched Whole Cashew Kernels (SW), Dessert Whole Cashew Kernels and Broken Cashew Kernels), Form, Grade, Packaging Type, Distribution Channel, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $7.4 BN |
|
Projected Year Value (2030) |
US $13.3 BN |
|
CAGR (2024 - 2030) |
8.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Cashew Kernel Market is accounted for $7.4 billion in 2025 and is expected to reach $13.3 billion by 2032 growing at a CAGR of 8.7% during the forecast period. The cashew kernel, which comes from the cashew tree (Anacardium occidentale), is the edible seed that is found inside the cashew nut. After the poisonous testa layer and hard outer shell are removed, the creamy, kidney-shaped portion is removed. Cashew kernels are valued for their nutritional content, which includes proteins, healthy fats, vitamins, and minerals, as well as their rich, buttery flavour and crunchy texture. Cashew kernels are widely eaten as a snack or used in baking, cooking, and confections. They are also processed to make cashew butter, oil, and other products, which makes them an important agricultural product all over the world.
According to the International Nuts and Dried Fruit Council, Germany had the highest per capita consumption globally, with an estimated 1.7 kg/year in 2017.
Market Dynamics:
Driver:
Rising global demand for healthy snacks and plant-based protein
Cashew kernels are rich in essential nutrients, including healthy fats, plant-based protein, and antioxidants, making them a favored choice among health-conscious consumers. As vegetarian and vegan lifestyles gain momentum, cashews serve as a protein-rich alternative to animal products. Food manufacturers are incorporating cashew kernels into a wide array of plant-based snacks, protein bars, and dairy alternatives. This surge in innovative product applications is expanding market reach and consumption rates. Additionally, growing awareness of the health benefits associated with nuts further reinforces their global demand.
Restraint:
High susceptibility to price fluctuations
Price volatility for raw cashew nuts makes it difficult for processors and exporters to estimate their costs. Procurement methods are impacted by abrupt changes in global supply brought on by bad weather or unstable political conditions. Currency risks increase cost instability in import-dependent nations. These swings inhibit long-term investment in the sector and lower profit margins. As a result, buyers and manufacturers could be reluctant to enter new markets or expand their operations.
Opportunity:
Growing awareness about the health benefits of cashew kernels
A popular option for consumers who are concerned about their health, cashew kernels are high in vital elements like protein, healthy fats, vitamins, and minerals. Demand has increased as a result of consumers looking for better snack options due to the rising incidence of lifestyle diseases like obesity, diabetes, and cardiovascular disorders. Consumer tastes are also influenced by increased media attention and marketing initiatives emphasising cashews' nutritional benefits. Additionally, eating cashews is becoming more and more advised by dieticians and fitness enthusiasts as part of a balanced diet. The global cashew kernel market is still growing as a result of this change in consumer behaviour.
Threat:
Competition from alternative nuts
Cost-conscious customers are drawn to these alternatives because they frequently provide comparable nutritional advantages at cheaper costs. Additionally, producers of alternate nuts increase their exposure and attractiveness through vigorous marketing. The competitive scene is becoming more intense as the demand for a variety of nut options is further fuelled by the growing popularity of plant-based diets. Customers may choose less expensive options in areas with high cashew production prices. Consequently, price sensitivity and changing preferences may impede the expansion of cashew kernel sales.
Covid-19 Impact
The COVID-19 pandemic significantly disrupted the global cashew kernel market, affecting both supply and demand dynamics. Lockdowns and travel restrictions led to a decline in raw cashew nut (RCN) prices due to reduced processing activities in major hubs like India and Vietnam. In India, the cashew industry faced labour shortages, factory closures, and logistical challenges, leading to a 26.8% drop in exports. Conversely, domestic consumption increased as consumers turned to healthy snacks, partially offsetting export losses. In Africa, particularly Ghana and Côte d'Ivoire, border closures and limited processing capacity resulted in a 50% reduction in producer incomes. Despite these challenges, the pandemic underscored the importance of local processing and value addition in the cashew industry.
The white whole cashew kernels (WW) segment is expected to be the largest during the forecast period
The white whole cashew kernels (WW) segment is expected to account for the largest market share during the forecast period, due to its high visual appeal and premium quality. These kernels are widely preferred in retail and gourmet snack applications, driving strong consumer demand. Their uniform size, pristine appearance, and minimal breakage make them ideal for high-end packaging and international export. Food processors and confectionery manufacturers also favor WW kernels for their consistent texture and flavor. The rising health-conscious population is boosting demand for nutritious, ready-to-eat snacks like WW cashews. As a result, this segment commands higher prices and contributes substantially to overall market growth.
The food industry segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the food industry segment is predicted to witness the highest growth rate, due to consistent demand for cashew-based ingredients in snacks, confectionery, and bakery products. Cashew kernels are increasingly used in health-conscious recipes and plant-based food alternatives. Their rich nutritional profile makes them popular in energy bars, dairy substitutes, and vegan dishes. Food manufacturers value cashews for their versatility, flavor, and texture, enhancing the appeal of processed and gourmet foods. Rising consumer preferences for clean-label and protein-rich products further fuel this trend. As a result, the food industry remains a key growth engine for the global cashew kernel market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to abundant local production, rising disposable incomes, and evolving dietary preferences. Countries like India and Vietnam lead in both cultivation and export, with strong domestic consumption adding to demand. Cashew kernels are increasingly used in snacks, confectionery, and traditional cuisines. Government support for agro-processing industries and rising health consciousness among urban consumers further propel market growth. The presence of large processing clusters makes this region a pivotal hub in the global cashew value chain.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to rising consumer demand for plant-based snacks and healthy protein alternatives. Increasing awareness about heart health and clean-label food products has boosted the popularity of cashews in retail and foodservice sectors. The U.S. dominates regional demand, supported by strong distribution networks and innovation in nut-based products. Additionally, the growing vegan and flexitarian population is accelerating market expansion. However, high import dependence may pose supply chain challenges.
Key players in the market
Some of the key players profiled in the Cashew Kernel Market include Nestlé S.A., Archer Daniels Midland Company (ADM), Bunge Limited, The Kraft Heinz Company, John B. Sanfilippo & Son Inc., Olam International, Cargill, Inc., Vietnam Cashew Corporation, Lien Anh Co. Ltd, Haldiram Foods International Pvt. Ltd., Alphonsa Cashew Industries, Diamond Foods LLC, Emerald Nuts LLC, Aurora Products Inc., Aryan Food Ingredients Limited, CBL Natural Foods Private Limited, and Bismi Cashew Company.
Key Developments:
In March 2025, Cargill inaugurated a new corn milling plant in Gwalior, Madhya Pradesh, in collaboration with Saatvik Agro Processors. This facility, with an initial capacity of 500 tons per day, aims to produce starch derivatives for the confectionery, infant formula, and dairy industries, enhancing supply chain efficiencies in North and West India.
In March 2024, Nestlé India entered into a joint venture with Dr. Reddy’s Laboratories to develop innovative nutraceutical brands. This collaboration focuses on areas such as metabolic health, hospital nutrition, general wellness, women's health, and child nutrition, potentially incorporating cashew-based ingredients due to their nutritional benefits.
In September 2023, Nestlé acquired a majority stake in Grupo CRM, a premium chocolate manufacturer based in Minas Gerais, Brazil. This acquisition aligns with Nestlé's strategy to enhance its presence in the premium chocolate segment, which may include products utilizing cashew kernels.
Types Covered:
• White Whole Cashew Kernels (WW)
• Scorched Whole Cashew Kernels (SW)
• Dessert Whole Cashew Kernels
• Broken Cashew Kernels
Forms Covered:
• Raw
• Roasted
• Salted
• Flavored
Grades Covered:
• W180
• W210
• W240
• W320
• W450
• SW240, SW320
Packaging Types Covered:
• Pouches
• Jars
• Cans
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores
• Direct
End Users Covered:
• Households
• Food Industry
• Exporters
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cashew Kernel Market, By Type
5.1 Introduction
5.2 White Whole Cashew Kernels (WW)
5.3 Scorched Whole Cashew Kernels (SW)
5.4 Dessert Whole Cashew Kernels
5.5 Broken Cashew Kernels
6 Global Cashew Kernel Market, By Form
6.1 Introduction
6.2 Raw
6.3 Roasted
6.4 Salted
6.5 Flavored
7 Global Cashew Kernel Market, By Grade
7.1 Introduction
7.2 W180
7.3 W210
7.4 W240
7.5 W320
7.6 W450
7.7 SW240, SW320
8 Global Cashew Kernel Market, By Packaging Type
8.1 Introduction
8.2 Pouches
8.3 Jars
8.4 Cans
9 Global Cashew Kernel Market, By Distribution Channel
9.1 Introduction
9.2 Supermarkets/Hypermarkets
9.3 Convenience Stores
9.4 Online Retail
9.5 Specialty Stores
9.6 Direct
10 Global Cashew Kernel Market, By End User
10.1 Introduction
10.2 Households
10.3 Food Industry
10.4 Exporters
10.5 Other End Users
11 Global Cashew Kernel Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Nestlé S.A.
13.2 Archer Daniels Midland Company (ADM)
13.3 Bunge Limited
13.4 The Kraft Heinz Company
13.5 John B. Sanfilippo & Son Inc.
13.6 Olam International
13.7 Cargill, Inc.
13.8 Vietnam Cashew Corporation
13.9 Lien Anh Co. Ltd
13.10 Haldiram Foods International Pvt. Ltd.
13.11 Alphonsa Cashew Industries
13.12 Diamond Foods LLC
13.13 Emerald Nuts LLC
13.14 Aurora Products Inc.
13.15 Aryan Food Ingredients Limited
13.16 CBL Natural Foods Private Limited
13.17 Bismi Cashew Company
List of Tables
1 Global Cashew Kernel Market Outlook, By Region (2024-2032) ($MN)
2 Global Cashew Kernel Market Outlook, By Type (2024-2032) ($MN)
3 Global Cashew Kernel Market Outlook, By White Whole Cashew Kernels (WW) (2024-2032) ($MN)
4 Global Cashew Kernel Market Outlook, By Scorched Whole Cashew Kernels (SW) (2024-2032) ($MN)
5 Global Cashew Kernel Market Outlook, By Dessert Whole Cashew Kernels (2024-2032) ($MN)
6 Global Cashew Kernel Market Outlook, By Broken Cashew Kernels (2024-2032) ($MN)
7 Global Cashew Kernel Market Outlook, By Form (2024-2032) ($MN)
8 Global Cashew Kernel Market Outlook, By Raw (2024-2032) ($MN)
9 Global Cashew Kernel Market Outlook, By Roasted (2024-2032) ($MN)
10 Global Cashew Kernel Market Outlook, By Salted (2024-2032) ($MN)
11 Global Cashew Kernel Market Outlook, By Flavored (2024-2032) ($MN)
12 Global Cashew Kernel Market Outlook, By Grade (2024-2032) ($MN)
13 Global Cashew Kernel Market Outlook, By W180 (2024-2032) ($MN)
14 Global Cashew Kernel Market Outlook, By W210 (2024-2032) ($MN)
15 Global Cashew Kernel Market Outlook, By W240 (2024-2032) ($MN)
16 Global Cashew Kernel Market Outlook, By W320 (2024-2032) ($MN)
17 Global Cashew Kernel Market Outlook, By W450 (2024-2032) ($MN)
18 Global Cashew Kernel Market Outlook, By SW240, SW320 (2024-2032) ($MN)
19 Global Cashew Kernel Market Outlook, By Packaging Type (2024-2032) ($MN)
20 Global Cashew Kernel Market Outlook, By Pouches (2024-2032) ($MN)
21 Global Cashew Kernel Market Outlook, By Jars (2024-2032) ($MN)
22 Global Cashew Kernel Market Outlook, By Cans (2024-2032) ($MN)
23 Global Cashew Kernel Market Outlook, By Distribution Channel (2024-2032) ($MN)
24 Global Cashew Kernel Market Outlook, By Supermarkets/Hypermarkets (2024-2032) ($MN)
25 Global Cashew Kernel Market Outlook, By Convenience Stores (2024-2032) ($MN)
26 Global Cashew Kernel Market Outlook, By Online Retail (2024-2032) ($MN)
27 Global Cashew Kernel Market Outlook, By Specialty Stores (2024-2032) ($MN)
28 Global Cashew Kernel Market Outlook, By Direct (2024-2032) ($MN)
29 Global Cashew Kernel Market Outlook, By End User (2024-2032) ($MN)
30 Global Cashew Kernel Market Outlook, By Households (2024-2032) ($MN)
31 Global Cashew Kernel Market Outlook, By Food Industry (2024-2032) ($MN)
32 Global Cashew Kernel Market Outlook, By Exporters (2024-2032) ($MN)
33 Global Cashew Kernel Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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