Africa Cashew Market Size and Share

Africa Cashew Market Summary
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Africa Cashew Market Analysis by Mordor Intelligence

The Africa Cashew market size is estimated at USD 3.3 billion in 2025 and is expected to reach USD 5.1 billion by 2030, growing at a CAGR of 7.8% during 2025-2030. The market growth is driven by a transition from raw-nut exports to value-added kernel processing, supported by government incentives and European sustainability requirements. Increased farm-gate prices, traceability systems yielding 8-10% retail premiums, and climate-resilient cultivars encourage processors to enhance capacity and obtain certifications for premium market access. Ivory Coast (Côte d'Ivoire) is Africa's largest cashew-producing country and the global leader in raw cashew nut production and exports. According to the Food and Agriculture Organization (FAO), Côte d'Ivoire's cashew nut production increased from 1,028,172 metric tons in 2022 to 1,044,449.95 metric tons in 2023[1]Source: Food and Agriculture Organization of the United Nations, “FAOSTAT Crops and Livestock Products Database – Cashew Nuts, Côte d’Ivoire,” fao.org. Cashew plants begin fruit production four to five years after planting and maintain optimal productivity for approximately 15 years. In Côte d'Ivoire, more than 10% of cashew trees are less than ten years old, resulting in higher yields. The country continues to expand its cashew acreage annually with improved varieties, strengthening its position as Africa's primary cashew exporter.

Key Report Takeaways

  • By country, Côte d’Ivoire led with 35.8% revenue share of the Africa Cashew market size in 2024, while Nigeria is projected to grow the fastest at a 9.2% CAGR through 2030.
  • By form, in-shell cashews accounted for 64% of the Africa Cashew market size in 2024, shelled kernels are anticipated to advance at an 11.4% CAGR to 2030.

Segment Analysis

By Form: Processing Shift Accelerates Kernel Growth

In-shell cashews dominated with a 64.0% share in 2024, mirroring the historic emphasis on raw-nut exports to Asia, where kernel splitting is concentrated. The segment is slowly ceding ground as African factories gain scale. The Africa Cashew market size for in-shell nuts is likely to plateau as more volume is diverted to domestic processors. 

Shelled kernels represent the fastest-growing form at an 11.4% CAGR through 2030, spurred by domestic incentives, concessional financing, and sustainability-linked premiums. New facilities, such as Burkina Faso’s USD 11.5 million plant in Péni that processes 5,000 metric tons annually and creates 1,000 jobs, exemplify the shift. Kernel processors increasingly seek organic and BRCGS (Brand Reputation through Compliance Global Standards) certification, enabling direct sales into European snack channels that prize traceable supply chains. The African Cashew Alliance’s Quality and Sustainability Seal further reduces buyer risk and accelerates contract commitments. Growing kernel output is therefore set to capture a larger slice of the African cashew market share over the outlook period.

Africa Cashew Market: Market Share by Form
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Geography Analysis

West Africa commanded 84% of the Africa Cashew market in 2024 and is poised to expand at an 8.3% CAGR to 2030. The region benefits from favorable agro-ecological conditions and harmonized policy frameworks that collectively aim to process a higher proportion of the crop locally. Côte d’Ivoire’s output exceeds 1.25 million metric tons, while Benin and Nigeria are pushing ministry-level roadmaps to align export restrictions with factory expansion projects. Regional bodies promote shared shell-oil extraction and apple fermentation facilities to unlock ancillary revenue streams, further deepening the Africa Cashew market.

East Africa holds a 10% share, led by Tanzania’s 7.2% contribution and USD 340 million export receipts, but processing ratios remain below 15% of production. Policy makers are revisiting tax concessions and power-reliability incentives to attract kernel investors. Kenya’s coastal orchards offer growth potential provided farmers adopt disease-resistant varieties that combat powdery mildew. The ComCashew initiative demonstrates the gains possible when donor and government programs coordinate inputs, credit, and training, yielding rapid income uplift for participating households

Central and Southern African producers remain minor contributors but represent long-run upside. Burundi and Mozambique are experimenting with climate-resilient cultivars suited to their latitudes, while Angola is piloting intercropped cashew-maize systems that stabilize farmer revenue. Although their current combined share is below 5%, improvements in logistics infrastructure and regional trade agreements could integrate these countries more deeply into the Africa Cashew market over the next decade.

Recent Industry Developments

  • April 2024: The European Union (EU) and the Organization of African, Caribbean, and Pacific States (OACPS) jointly funded the regional Cashew Master Training Program (MTP), led by the African Cashew Alliance (ACA), GIZ/MOVE, and their partners. This initiative, aimed at bolstering the African cashew industry, is set to benefit more than 500 stakeholders and enhance the sector's expertise over the next two years.
  • February 2024: The Swiss government, facilitated by the Swiss State Secretariat for Economic Affairs (SECO), pledged a USD 10.5 million grant. This funding is specifically earmarked to bolster Ghana's cashew and oil palm industries. This investment aims to elevate domestic processing levels of cashews, regulatory streamlining, and value chain enhancement.
  • December 2023: Mirae Green Chemical Company, a Korean firm, finalized a USD 5 million investment for a cashew nut processing and cashew nut shell liquid (CNSL) factory in Tanzania. The upcoming facility, set to handle 3,000 to 4,000 metric tons of raw cashews, underlines the Tanzanian government's push to enhance its processed cashew nut exports.

Table of Contents for Africa Cashew Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Higher demand for African cashews from European healthy-snack brands
    • 4.2.2 Rising farm-gate prices spurring farmland expansion
    • 4.2.3 Government processing incentives across West Africa
    • 4.2.4 Climate-resilient cashew cultivars boosting yields
    • 4.2.5 Blockchain-based traceability commanding price premiums
    • 4.2.6 European Union and United States sustainability sourcing mandates
  • 4.3 Market Restraints
    • 4.3.1 Limited domestic processing capacity
    • 4.3.2 Persistent price disparity from farm-gate to retail
    • 4.3.3 Quality losses from inadequate post-harvest handling
    • 4.3.4 Port-side logistics bottlenecks and container shortages
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Value / Supply-Chain Analysis
  • 4.7 PESTLE Analysis

5. Market Size and Growth Forecasts

  • 5.1 By Country (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
    • 5.1.1 Nigeria
    • 5.1.2 Côte d'Ivoire
    • 5.1.3 Benin
    • 5.1.4 Tanzania
    • 5.1.5 Burundi
    • 5.1.6 Ghana
    • 5.1.7 Guinea-Bissau
    • 5.1.8 Burkina Faso
  • 5.2 By Form (Value)
    • 5.2.1 In-shell
    • 5.2.2 Shelled (Kernels)

6. Competitive Landscape

  • 6.1 List of Key Stakeholders
    • 6.1.1 African Cashew Alliance (ACA)
    • 6.1.2 Olam International
    • 6.1.3 Export Trading Group (ETG)
    • 6.1.4 Tolaro Global
    • 6.1.5 Mim Cashew and Agricultural Products
    • 6.1.6 Cashew Coast
    • 6.1.7 Societe Ivoirienne de Traitement d’Anacarde (SITA)
    • 6.1.8 Fludor Benin (TGI Group)
    • 6.1.9 Red River Foods
    • 6.1.10 Valency International (Valency Agro)
    • 6.1.11 Conseil du Coton et de l’Anacarde (CCA)
    • 6.1.12 National Cashew Association of Nigeria (NCAN)
    • 6.1.13 Cashew Board of Tanzania (CBT)
    • 6.1.14 National Council of Benin Cashew (CNFA)
    • 6.1.15 MOVE-ComCashew (GIZ)

7. Market Opportunities and Future Outlook

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Africa Cashew Market Report Scope

Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, which are roasted and shelled before being eaten. The study focused on raw cashew nuts in their shells.

The African cashew market is segmented by geography into Nigeria, Côte d'Ivoire, Benin, Tanzania, and Burundi. The study covers production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.

The report offers market estimation and forecasts in value (USD) and volume (metric tons).

By Country (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
Nigeria
Côte d'Ivoire
Benin
Tanzania
Burundi
Ghana
Guinea-Bissau
Burkina Faso
By Form (Value)
In-shell
Shelled (Kernels)
By Country (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) Nigeria
Côte d'Ivoire
Benin
Tanzania
Burundi
Ghana
Guinea-Bissau
Burkina Faso
By Form (Value) In-shell
Shelled (Kernels)
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Key Questions Answered in the Report

How large will Africa's cashew sector be by 2030?

The Africa Cashew market is forecast to reach USD 5.1 billion by 2030, growing at a 7.8% CAGR from 2025

Which African country processes the most cashews today?

Côte d'Ivoire leads with 35.8% share and has surpassed India in processed-kernel exports

What is driving premium pricing for African kernels in Europe?

Blockchain-based traceability and sustainability certifications command 8-10% retail premiums in European healthy-snack channels

Why is Nigeria considered the fastest-growing producer?

Afrexim banks USD 20.8 million financing and expanding factory base underpin Nigeria's 9.2% forecast CAGR.

What limits Africa's processing capacity?

High equipment financing costs, unreliable power supply, and quality-control gaps restrict factories to treating only 15-20% of the crop locally

How are governments encouraging local value addition?

Policies such as five-year tax holidays, export bans on raw nuts, and duty-free imports of machinery are designed to shift value capture toward domestic processing

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