Cashew Kernel Market Size

Cashew Kernel Market Analysis

The Cashew Kernel Market size is estimated at USD 3.77 billion in 2024, and is expected to reach USD 4.72 billion by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).

• Cashews are relatively high in fiber when compared with peanuts, which help in gaining a healthy weight by improving digestive function. The rising trend of healthy cashew snacks with high usage of edible cashew kernels as one of the main ingredients in sweets and cooking, especially in Asian cuisine, and a key ingredient in muesli, energy bars, cookies, chocolate, and ice creams that improves bone health. 
• According to the Global Cashew Council, in the year 2020/2021, Cote D'Ivoire was the top producer of Raw Cashew Nut (RCN) accounting for 900,000 metric ton, followed by India with 691,000 metric ton, Vietnam with 450,000 metric ton, Nigeria with 260,000 metric ton, Cambodia with 190,000 metric ton, and many others. Additionally, according to a study published in the British Journal of Nutrition, the risk of coronary heart disease can be reduced by 37% in people who consume nuts more than four times a week. With such results, it is expected that more cashew may be used in the manufacture of snack bars, which are a healthy alternative to high-calorie chocolate bars, thus further influencing the consumption of cashew in the developed and developing countries and driving the cashew kernel market, globally. Furthermore, rising number of processing units in African countries of the raw cahew nuts is futher incline to propel demand of the maret studied in coming yeras.
• The cashew kernel market witnessed a rapid shift in the consumption pattern across North America and Asia-Pacific in recent years, primarily due to assorted cashew products occupying an increased share in the retail market space. Asia-Pacific is the largest consumer with the growing consumption inclining toward the use of cashew kernels in daily diets and healthy ready-to-eat snacks.