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    Cashew Kernel Market

    ID: MRFR/AGR/39744-HCR
    100 Pages
    Snehal Singh
    October 2025

    Cashew Kernel Market Research Report: By Product Type (Whole Cashew Kernels, Broken Cashew Kernels, Roasted Cashew Kernels, Salted Cashew Kernels), By Application (Food Industry, Beverage Industry, Confectionery, Culinary), By Distribution Channel (Online Retail, Supermarkets/Hypermarkets, Specialty Stores, Wholesale), By End Use (Household, Commercial, Food Processing) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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    Cashew Kernel Market
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    Cashew Kernel Market Summary

    The global cashew kernel market is projected to grow from 6.16 USD billion in 2024 to 10.2 USD billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    Cashew Kernel Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.69 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 10.2 USD billion, indicating substantial growth potential.
    • In 2024, the market is valued at 6.16 USD billion, highlighting its current economic significance.
    • Growing adoption of healthy snacking options due to increasing health consciousness is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.16 (USD Billion)
    2035 Market Size 10.2 (USD Billion)
    CAGR (2025-2035) 4.69%

    Major Players

    Viet Foods, S.V. Agro Industries, Anhui Origin Group Co, Sunrise Nuts, Tropical Foods, Ruchi Soya Industries, NutraFruit, Golden Star, Shree Ramkrishna Exports, Bhatia Brothers, Olam International, Crown Nut Company, Kanegrade, Vietnam Cashew Nuts Association

    Cashew Kernel Market Trends

    Due to growing consumer knowledge of cashew nuts' health benefits, the Cashew Kernel Market is expanding significantly. Demand from consumers who are health-conscious has increased as a result of this nut's nutritious composition, which comprises proteins, good fats, and vital vitamins.Furthermore, the growing popularity of plant-based diets has increased interest in cashews as a flexible component for a range of recipes, such as dairy substitutes, snacks, and desserts.

    Market growth is further aided by the trend toward natural and organic food goods as more customers look for less processed options. The market for cashew kernels offers a wide range of options for participants.As access to healthy snack options increases due to changing lifestyles and increased affluence, emerging nations offer unrealized development opportunity. Product development innovations, including flavored or value-added cashew products, might also draw in customers seeking out unusual dining experiences.

    Moreover, the expansion of e-commerce platforms facilitates greater accessibility of cashew products to consumers across regions, fostering market growth.Companies can explore partnerships with health and wellness brands to further enhance their market presence and reach a broader audience. In recent times, sustainability has become an essential trend in the cashew kernel market.Consumers are increasingly concerned about the environmental impact of their food choices and are leaning toward brands that practice ethical sourcing. This focus on sustainability encourages producers to adopt environmentally friendly practices in cultivation and sourcing.

    As a result, the market is likely to see a shift towards certifications and transparency in supply chains. Overall, the interplay of health consciousness, sustainability, and innovations in the cashew kernel market presents a landscape ripe with potential for growth and expansion.

    The global cashew kernel market appears to be experiencing a steady increase in demand, driven by rising consumer preferences for healthy snacks and the growing trend of plant-based diets.

    Food and Agriculture Organization of the United Nations (FAO)

    Cashew Kernel Market Drivers

    Rising Health Consciousness

    The increasing awareness of health benefits associated with cashew kernels is driving demand in the Global Cashew Kernel Market Industry. Cashews are rich in essential nutrients, including healthy fats, proteins, and vitamins, which appeal to health-conscious consumers. This trend is particularly evident in regions with rising disposable incomes, where consumers are more inclined to invest in healthier snack options. As a result, the market is projected to reach 6.16 USD Billion in 2024, reflecting a growing preference for nutritious food alternatives. The shift towards plant-based diets further supports this trend, suggesting that the Global Cashew Kernel Market Industry will continue to expand as consumers prioritize health and wellness.

    Market Segment Insights

    Cashew Kernel Market Segment Insights

    Cashew Kernel Market Segment Insights

    Cashew Kernel Market Product Type Insights

    Cashew Kernel Market Product Type Insights

    The Product Type segment of the Cashew Kernel Market revealed some insightful trends and market dynamics. In 2024, Whole Cashew Kernels held a significant position, valued at 2.5 USD Billion, reflecting their popularity as a high-quality snacking option and an ingredient in various dishes, indicating a majority holding within the overall market structure. By 2035, the valuation is expected to rise to 4.2 USD Billion, underlining the growing consumer demand for nutritious and convenient snack foods.

    Additionally, Broken Cashew Kernels, valued at 1.5 USD Billion in 2024, served as another prominent segment, primarily utilized in cooking and baking applications, attracting the attention of manufacturers due to their cost-effectiveness while still providing substantial flavor and nutritional value.This segment is anticipated to reach a valuation of 2.5 USD Billion by 2035, offering opportunities for growth as more food industries incorporate these into their products.

    Roasted Cashew Kernels, reaching a value of 1.7 USD Billion in 2024, represented a significant market category as consumers increasingly seek out roasted snacks for their enhanced flavor and crunch. By 2035, the market value is projected to increase to 2.7 USD Billion, driven by the rising inclination towards roasted variants and the health consciousness among consumers looking for wholesome snack options.

    Meanwhile, Salted Cashew Kernels, although valued at a smaller 0.46 USD Billion in 2024, are gradually gaining traction and are expected to grow to 0.8 USD Billion by 2035, appealing to snack lovers for their savory flavor profile, although they represent the least dominant segment within the market.

    Cashew Kernel Market Application Insights

    Cashew Kernel Market Application Insights

    The Cashew Kernel Market showcases a diverse application segment that plays a crucial role in various industries. Among these, the Food Industry utilizes cashew kernels for their nutritional benefits and versatility in recipes, thus driving significant demand.The Beverage Industry increasingly incorporates cashew-based products, capitalizing on health trends and the popularity of plant-based diets, while the Confectionery sector benefits from the natural sweetness and texture of cashew kernels, often using them in premium products.

    Culinary applications further emphasize the importance of cashew kernels, as they are favored for their rich flavor and ability to enhance dishes. As the market evolves, growth drivers include rising health consciousness, expansion of snack options, and innovative uses of cashew kernels, reflecting positive trends in the Cashew Kernel Market revenue and Key Market Statistics. Additionally, challenges such as supply chain disruptions and competition from alternative nuts may impact growth, while opportunities lie in expanding product offerings and tapping into emerging markets within the Cashew Kernel Market.

    Cashew Kernel Market Distribution Channel Insights

    Cashew Kernel Market Distribution Channel Insights

    The Distribution Channel segment of the Cashew Kernel Market showcases a robust array of channels facilitating consumer access to these products. The Online Retail channel has gained traction as more consumers prefer the convenience of shopping from home, significantly transforming purchasing behaviors. Supermarkets and Hypermarkets dominate the sector, providing a wide selection that appeals to bulk buyers, and thus, they play a crucial role in the distribution framework.

    Specialty Stores, while smaller in scale, cater to niche markets by offering high-quality and diverse cashew selections, further enriching the consumer experience. Wholesale channels are essential as they ensure efficient distribution to various retailers and smaller outlets, supporting the growth of the overall market. The interplay between these channels emphasizes the importance of adaptability in a competitive landscape, making them key contributors to the Cashew Kernel Market revenue. As consumer preferences evolve, understanding this segmentation will help stakeholders navigate growth opportunities while addressing challenges related to supply chain complexities.

    Cashew Kernel Market End Use Insights

    Cashew Kernel Market End Use Insights

    The Cashew Kernel Market is expected to witness substantial growth. This growth trajectory is influenced significantly by the market's various end-use applications, which include the Household, Commercial, and Food Processing sectors. The Household segment often represents a major share of the market, driven by the increasing awareness of health benefits associated with cashew consumption. The Commercial segment plays a vital role in delivering products to restaurants and snack manufacturers, thereby boosting demand.

    The Food Processing sector also dominates, as cashew kernels are widely used as ingredients in numerous food products, ranging from gourmet dishes to snacks. Overall, the dynamics of these segments create a diverse landscape in the Cashew Kernel Market, underpinned by evolving consumer preferences and healthy eating trends.The market's growth is also supported by opportunities arising from new product innovations and expansion into emerging markets despite challenges such as fluctuating raw material prices and competition.

    Get more detailed insights about Cashew Kernel Market Research Report - Global Forecast till 2035

    Regional Insights

    The Cashew Kernel Market demonstrated robust growth across various regional markets. North America was valued at 1.23 USD Billion in 2024, with a steady increase to 2.17 USD Billion by 2035, reflecting its significant position due to consumer demand for healthy snack options. Europe followed closely with a valuation of 1.54 USD Billion in 2024, projected to rise to 2.58 USD Billion, as the market here increasingly focuses on premium and organic cashew products.

    The Asia-Pacific (APAC) region dominated the market significantly with a valuation of 2.11 USD Billion in 2024, which is expected to grow to 3.48 USD Billion by 2035, underscoring the region's major role in both production and consumption.

    South America, while having a smaller footprint at 0.74 USD Billion in 2024, is predicted to reach 1.23 USD Billion by 2035, showcasing emerging opportunities amid increasing health consciousness. The Middle East and Africa (MEA) demonstrated the least valuation at 0.54 USD Billion in 2024, anticipated to grow to 0.74 USD Billion, highlighting its nascent market presence. Overall, the diverse market dynamics reflected varying consumer preferences and economic conditions, underscoring opportunities for growth within the Cashew Kernel Market segmentation.

    Cashew Kernel Market Regional Insights

    Key Players and Competitive Insights

    The Cashew Kernel Market has witnessed significant growth, driven by the increasing demand for healthy snacks and the flexibility of cashew nuts as an ingredient in various culinary applications. This market is characterized by a competitive landscape featuring both established players and new entrants striving to capture market share through innovative product offerings and strategic partnerships. The landscape is shaped by regional variations in supply and demand dynamics, with key producing countries dictating market trends. The ongoing efforts to enhance sustainability practices and the development of organic offerings further intensify competition.

    Key players are focusing on expanding their distribution channels and leveraging technological advancements to gain a competitive edge.

    Viet Foods has positioned itself as a strong player within the Cashew Kernel Market. The company's emphasis on high-quality products that meet international standards has bolstered its market presence. Viet Foods leverages its extensive sourcing network in key cashew-producing regions, enabling it to maintain consistent supply while ensuring the quality of its cashew kernels.The company's commitment to sustainable practices aligns with the growing consumer preference for ethically sourced products, thus enhancing its appeal in the market. Additionally, Viet Foods has invested in marketing and brand recognition, which has contributed to its competitive advantage and customer loyalty.

    S.V. Agro Industries is another prominent competitor in the Cashew Kernel Market, strengthening its position through various strategic initiatives. The company has developed a reputation for producing premium quality cashew kernels, which has been pivotal in attracting a loyal customer base. S.V. Agro Industries focuses on operational efficiency and effective supply chain management that allows for better pricing strategies without compromising on quality. By establishing partnerships with local farmers and promoting fair trade practices, the company enhances its brand image and fosters positive relationships within the industry. Moreover, S.V.

    Agro Industries' commitment to innovation and product diversification has enabled it to cater to a wider audience, thereby maintaining relevance in an evolving market space.

    Key Companies in the Cashew Kernel Market market include

    Industry Developments

    • Q2 2025: Côte d'Ivoire Emerges as a Production Leader Côte d'Ivoire has become the world's leading cashew producer, surpassing 1.25 million tons in annual output, following significant investments in infrastructure and processing capabilities.
    • Q2 2025: Vietnam and Cambodia: Navigating Climatic Challenges Vietnam's cashew production is expected to decline by 10-15% in 2025 due to unseasonal rains and flowering delays, while Cambodia maintains strong output despite weather-related challenges.
    • Q2 2025: Tanzania Hits Record Levels Tanzania achieved a record high of 425,000 tons in cashew production for the 2025/26 season, contributing to stability in the southern hemisphere’s supply.

    Future Outlook

    Cashew Kernel Market Future Outlook

    The Global Cashew Kernel Market is projected to grow at a 4.69% CAGR from 2024 to 2035, driven by rising health consciousness and increasing demand for plant-based proteins.

    New opportunities lie in:

    • Expand product lines to include organic and specialty cashew kernels.
    • Leverage e-commerce platforms for direct-to-consumer sales.
    • Invest in sustainable farming practices to enhance brand reputation.

    By 2035, the market is poised to achieve robust growth, reflecting evolving consumer preferences and sustainable practices.

    Market Segmentation

    Cashew Kernel Market End Use Outlook

    • Household
    • Commercial
    • Food Processing
    • Cashew Kernel Market Regional Outlook

    Cashew Kernel Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Cashew Kernel Market Application Outlook

    • Food Industry
    • Beverage Industry
    • Confectionery
    • Culinary
    • Cashew Kernel Market Distribution Channel Outlook

    Cashew Kernel Market Product Type Outlook

    • Whole Cashew Kernels
    • Broken Cashew Kernels
    • Roasted Cashew Kernels
    • Salted Cashew Kernels
    • Cashew Kernel Market Application Outlook

    Cashew Kernel Market Distribution Channel Outlook

    • Online Retail
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Wholesale
    • Cashew Kernel Market End Use Outlook

    Report Scope

    Cashew Kernel Market Report Scope
    Report Attribute/Metric Details
    Market Size 2023 5.89(USD Billion)
    Market Size 2024 6.16(USD Billion)
    Market Size 2035 10.2(USD Billion)
    Compound Annual Growth Rate (CAGR) 4.69% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Viet Foods, S.V. Agro Industries, Anhui Origin Group Co, Sunrise Nuts, Tropical Foods, Ruchi Soya Industries, NutraFruit, Golden Star, Shree Ramkrishna Exports, Bhatia Brothers, Olam International, Crown Nut Company, Kanegrade, Vietnam Cashew Nuts Association
    Segments Covered Product Type, Application, Distribution Channel, End Use, Regional
    Key Market Opportunities Growing health consciousness, Increasing snack food demand, Expansion in emerging markets, Innovative product formulations, Sustainable sourcing practices
    Key Market Dynamics increased health consciousness, rising demand from the food industry, fluctuating raw material prices, competitive pricing strategies, growing export opportunities
    Countries Covered North America, Europe, APAC, South America, MEA
     

    FAQs

    What was the market size of the Cashew Kernel Market in 2024?

    The Cashew Kernel Market was valued at 6.16 USD Billion in 2024.

    What is the projected market size of the Cashew Kernel Market by 2035?

    By 2035, the Cashew Kernel Market is projected to reach a valuation of 10.2 USD Billion.

    What is the expected CAGR for the Cashew Kernel Market from 2025 to 2035?

    The expected CAGR for the Cashew Kernel Market from 2025 to 2035 is 4.69%.

    Which region held the largest market share in 2024?

    In 2024, the APAC region held the largest market share, valued at 2.11 USD Billion.

    What was the market size for Whole Cashew Kernels in 2024?

    The market size for Whole Cashew Kernels was valued at 2.5 USD Billion in 2024.

    Who are the key players in the Cashew Kernel Market?

    Key players in the market include Viet Foods, S.V. Agro Industries, and Olam International, among others.

    What is the market value for Broken Cashew Kernels in 2035?

    The market value for Broken Cashew Kernels is projected to be 2.5 USD Billion in 2035.

    What is the expected market growth for North America from 2024 to 2035?

    The North American market is expected to grow from 1.23 USD Billion in 2024 to 2.17 USD Billion by 2035.

    What is driving the growth of the Cashew Kernel Market?

    Growing health awareness and demand for nut-based snacks are driving the market's growth.

    What was the market size for Salted Cashew Kernels in 2024?

    The market size for Salted Cashew Kernels was 0.46 USD Billion in 2024.

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