Market Size of Cashew Value Chain Analysis
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.78 Billion |
| Market Size (2029) | USD 10.98 Billion |
| CAGR (2024 - 2029) | 4.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
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Cashew Market Analysis
The Cashew Market size is estimated at USD 8.78 billion in 2024, and is expected to reach USD 10.98 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
- Cashews are expensive because there is just one nut per fruit. Cashews trees must be farmed, harvested, separated from the false fruit, roasted, cooled, cracked open, peeled, sundried, and sorted - and only then can they be sold as raw nuts. The amount of value added is incommensurate with the amount of labor that goes into it. The Cashew Value chain comprises Individual growers and grower cooperatives, Collectors, Local traders, and Exporters.
- Individual growers and grower cooperatives are the stakeholders who produce cashew nuts. Local Middlemen, also known as Pisteurs, are the critical intermediary engaged in collecting raw cashew nuts from the farms and selling them to various buyers, including the buyers under contract, processing units, and traders. The local trader in the distribution of raw cashew nuts involves individual buyers and buyers under contract, who further sell the products to the processing units and the exporters for domestic consumption and exports, and the exporters of raw or processed cashew nuts consist of the export cooperatives and export companies. The export cooperatives purchase the raw cashew primarily from the grower cooperatives and occasionally from the individual growers to meet their export quota.
- Recently, there has been a growing inclination toward using cashew nuts in daily diets and healthy ready-to-eat snacks. The increasing number of cashew-infused product manufacturers has taken young and geriatric consumers by stride with the launch of innovative products, such as cashew-butter yogurt in the United States and roasted, spice-coated cashew nuts in India. Thus, over the long term, the high penetration rate of cashew-based retail manufacturers in the developed and emerging markets and the successful implementation of cashew production and processing initiatives in Africa are expected to drive the cashew market during the forecast period.
