Brazil Cashew Market Size

Brazil Cashew Market Analysis

The cashew market in Brazil is estimated to register a 3.8% CAGR during the forecast period.

• Cashew is a perennial tree with origins in Brazil. Brazil is one of the major producers and exporters of cashew nuts in the world. Although cashew farms are distributed over several states, the Northeast region accounts for over 95% of the Brazilian production, with the largest orchards located in coastal and transition zones of Ceará, Rio Grande do Norte, and Piauí states. Being very sensitive to the increase in price, which is directly passed on to consumers, the consumption of cashew is affected by the consumers' purchasing power. When cashew prices are too high, consumers switch to other nuts or types of snacks. Most cashew kernels are consumed as roasted and salted in snacks, and as ingredients in chocolate and ice cream products.
• Brazil is amongst the largest producers of cashew gum, reaching 50 tons per year. Cashew gum is a complex heteropolysaccharide obtained from Anacardium occidentale L., a plant native to Venezuela and Brazil (North and Northeast). Cashew gum can be used in manufacture of pharmaceuticals, food stuff, cosmetics, adhesive and more recently in nano-technology.
• Consumption is actively promoted by scientific research and frequent reports on the health value of nut consumption. Considerable amounts of cashew apples are also consumed fresh or processed. Brazil produces between 300-330,000MT of raw cashew nuts (equivalent to about 2.7 million MT cashew apples) per year, because the demand for cashew in Brazil is high, thus boosting the market growth. Also Brazil is the largest exporter of cahsew nut. The export volume of cashew in 2021 was 14,912 metric ton. Brazil's production and export of cashew due to rise in demand is going to drive the cashew market during the forecast year.