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.
Africa Cashew Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Higher demand for African cashews from European healthy-snack brands | +1.2% | Europe, and West Africa | Medium term (2-4 years) |
| Rising farm-gate prices spurring farmland expansion | +1.0% | West Africa, and East Africa | Short term (≤ 2 years) |
| Government processing incentives across West Africa | +1.5% | West Africa | Medium term (2-4 years) |
| Climate-resilient cashew cultivars boosting yields | +0.8% | Sahel, and East Africa | Long term (≥ 4 years) |
| Blockchain-based traceability commanding price premiums | +0.6% | Global premium markets | Medium term (2-4 years) |
| European Union and United States sustainability sourcing mandates | +1.1% | Global export regions | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Higher Demand For African Cashews from European Healthy-Snack Brands
European healthy-snack brands are turning to African cashews to supply plant-based, low-sugar product lines that attract consumers seeking sustainable ingredients. Import volumes have surged in Nordic markets and Germany, where traceable organic kernels sell at sizable premiums, motivating African processors to secure certifications and direct-trade agreements that bypass commodity intermediaries [2].Source: CBI, “Entering the European Market for Cashew Nuts,” cbi.eu Processing firms now tailor safety protocols to BRCGS (British Retail Consortium Global Standards) standards, enabling consistent quality that satisfies European retailers. Investment priorities across West African plants increasingly favor HACCP (Hazard Analysis and Critical Control Points) programs and allergen-control systems that support premium positioning. These upgrades consolidate long-term contracts that stabilize processor cash flows and underpin continued expansion of the Africa Cashew market.
Government Processing Incentives Across West Africa
West African governments are launching five-year tax holidays, duty-free machinery imports, and preferential land leases to spur domestic kernel production. The Cotton and Cashew Council in Côte d’Ivoire orchestrates sector policies that taper export levies on processed nuts, while Sierra Leone’s Finance Act 2025 exempts qualifying processors from corporate income tax and customs duties. Burkina Faso’s outright export ban on raw nuts redirects 200,000 metric tons to domestic factories, providing reliable throughput that justifies further plant investments[3]Source: United Nations Conference on Trade and Development, “Sierra Leone – The Finance Act 2025 Introduces New Investment Incentives,” Investment Policy Monitor, investmentpolicy.unctad.org. These coordinated measures reduce reliance on Asian processing centers, keeping more value inside Africa and reinforcing the growth trajectory of the African cashew market.
Climate-Resilient Cashew Cultivars Boosting Yields
Research alliances have released drought-tolerant varieties that yield 20% more in semi-arid zones, shielding farmers from rainfall volatility that once limited acreage expansion. Field trials in Benin show survival advantages during prolonged dry spells, and adoption rates are climbing as extension services supply elite seedlings. Complementary water-management and mulching practices, already used by 71.8% of growers, amplify cultivar gains, strengthening production growth that underpins future Africa Cashew market supply.
Blockchain-Based Traceability Commanding Price Premiums
Quick Response (QR)-enabled blockchain ledgers nowadays trace kernels from plot coordinates to retail shelves, meeting European Union Deforestation Regulation requirements and earning processors 8-10% higher shelf prices. Firms like Tolaro Global embed lot-level data in smart contracts that cannot be altered, satisfying retailer audits and consumer transparency expectations. Over 5,400 Ghanaian farmers receive mobile payments through Olam’s direct-purchase app, cutting intermediaries and lifting household earnings. These digital systems elevate Africa’s reputation for reliably sourced cashews, fortifying the premium tier of the Africa Cashew market.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Limited domestic processing capacity | -1.8% | West and East Africa | Medium term (2-4 years) |
| Persistent price disparity from farm-gate to retail | -1.2% | Smallholder regions | Long term (≥ 4 years) |
| Quality losses from inadequate post-harvest handling | -0.9% | Rural production areas | Short term (≤ 2 years) |
| Port-side logistics bottlenecks and container shortages | -0.7% | Coastal export hubs | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Limited Domestic Processing Capacity
Africa still processes only 15-20% of its crop, forfeiting kernel-level margins to Asian plants. Tanzania illustrates the shortfall: despite an annual production of roughly 200,000-250,000 metric tons, domestic factories treat as little as 5-15%, forcing exporters to ship raw nuts that attract lower prices. Ghana exports more than 80% of its 180,000 metric tons of unprocessed, even though kernels would earn multiple times the raw-nut price. High interest rates and unreliable electricity raise operating costs, while scale disadvantages keep per-unit costs above those of mature Asian competitors. Such constraints slow the transition toward value-added activities that would otherwise accelerate the Africa Cashew market.
Quality Losses From Inadequate Post-Harvest Handling
Improper drying, storage, and sorting expose nuts to mold and moisture that trigger EU border rejections and damage supplier reputations. Studies in coastal Kenya found that 22.22% of Aspergillus isolates from cashew samples were aflatoxigenic, confirming widespread contamination risks. Without adequate warehouses or moisture meters, smallholders struggle to achieve reliable kernel grades, eroding processor throughput and increasing quality-related losses. Tackling this issue requires joint investments in village-level drying racks, hermetic bags, and farmer training, a capital-intensive fix that many fragmented supply chains cannot fund, restraining overall Africa Cashew market growth.
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.
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.
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).
| Nigeria |
| Côte d'Ivoire |
| Benin |
| Tanzania |
| Burundi |
| Ghana |
| Guinea-Bissau |
| Burkina Faso |
| 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) |
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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