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Cashew Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Cashew Market has been segmented by Geography. The Report covers the extensive study of Production, Consumption, Trade, and Price Trend Analysis of the Cashew Market, in addition to the Value Chain Analysis.

Market Snapshot

CASHEW
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

4.6 %

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Market Overview

The global cashew market is projected to register a CAGR of 4.6% during the forecast period (2021-2026).

COVID-19 had a direct and unfavorable impact on the cashew market, globally. Global lockdown to curb and contain the pandemic adversely affected the distribution channels. Value addition activities were affected as a disrupted distribution channel lowered the availability of end-products of cashew nuts in the market. Producers from West Africa suffered as they were unable to send cashew to Vietnam and India for processing due to the lockdown. The delays in collection and shipment will ultimately result in lower yields than normal, further reducing the overall kernel supplies.

On the other hand, there is a global trend that looks favorably at vegan and plant-based diets. People who embrace a plant-based vegan diet prioritize alternative sources of protein, instead of those derived from animals, resulting in the soaring demand for nuts and nut-infused foods.

Increasing demand for flavored cashews and favorable government initiatives are further fueling the consumption of cashew nuts in the African region. In 2018, among all the cashew producing nations, African countries contributed 56.5% to the global production, while Asian countries contributed 44%. In the last eight years, Vietnam has been the largest supplier of cashew to the United States, China, Australia, Canada, and New Zealand. Furthermore, cashew production is growing tremendously in Vietnam. The Vietnamese government commissioned a study of Oltremare’s machines when developing its own cashew industry.

Scope of the Report

Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before eaten. Oil extracted from the shells is used as a lubricant in the production of plastics. The study analyzes the global scenario of the cashew market. The report covers production, consumption, trade, and price trend analyses of cashew at a macro-level, in addition to value chain analysis. Raw cashew nuts (in-shell) have been considered while collecting data for production.

Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Europe
Germany
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
United Kingdom
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
France
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Vietnam
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Philippines
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Indonesia
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
South America
Brazil
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Argentina
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Africa
Côte d'Ivoire
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Vallue
Price Trend Analysis
Tanzania
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Guinea-Bissau
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Benin
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Mozambique
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Burkina Faso
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis
Nigeria
Production Analysis
Consumption Analysis and Market Value
Trade Analysis by Volume and Value
Price Trend Analysis

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Key Market Trends

Rising Consumption of Cashew as a Healthy Snack

Edible cashews have been used as a snack for a long time. Cashews are also used as one of the main ingredients in preparing various sweet and savory dishes, especially in Asian cuisine. Moreover, nowadays, cashews are used in mueslis, energy bars, cookies, chocolates, and ice creams. Cashews are known to be high in nutrients, such as copper, which improve bone health, as one ounce of cashew contains 622 micrograms of copper. Nevertheless, cashews have an inflation-driven consumption pattern, as reported by the International Nut and Dried Fruit Council.

Cashews are relatively high in fiber compared to peanuts, and they help gain healthy weight by improving digestive function. Such high-value nutrition has prompted snack manufacturers to launch several cashew-based snacks to meet the demand, such as the ready-to-drink cashew milk, which acts as a lactose-free milk substitute. Due to increasing health consciousness among consumers in the European region, there has been a growing trend of cashew nut consumption. Recently, cashew nuts are also increasingly being used as an ingredient in spreads and snack bars (especially organic), boosting cashews' consumption overall.

Cashew Market

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Asia-Pacific Dominates the Market

Asia-Pacific has been a consistent importer of cashew kernels despite the presence of large cashew-producing countries, such as India and Vietnam, in the region. In terms of consumption, Vietnam is the leading country in the world. In 2019, cashew consumption in Vietnam stood at 2.2 million metric ton. As Vietnam leads in the production of cashews worldwide, it is also a significant exporter of the same to other international markets.

Asia-Pacific is the largest consumer of cashew nuts in the world. In recent years, there has been an increasing interest in the use of cashew nuts in regular diet and healthy ready-to-eat snacks. The rising number of manufacturers producing innovative cashew-based consumables has taken both the young and geriatric consumers by stride; for example, roasted and spice-coated cashew nuts, that appeal to the local palate, were introduced in India. The demand for cashews in Asia has persistently increased as the imports for shelled cashews increased exponentially from 2,317 metric ton in 2016 to 10,771 metric ton in 2018 in China. China leads the region in cashew import, followed by Japan, Thailand, and India, respectively.

Nuts have become a primary component in the Chinese diet since the inception of the National Health Policy called “Dietary Guidelines for Chinese Residents”, which exphasizes daily nut consumption. The increased cashew nut imports may also be attributed to the new product campaign of selling “daily nuts”, including cashews, in ready-to-eat packages, by Chinese nut manufacturers, thus driving the cashew nut market in the country.

Cashew Market

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions & Market Definition

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

      1. 4.4.1 Value Chain Overview

      2. 4.4.2 Price Markups in the Value Chain

      3. 4.4.3 Stakeholders in the Value Chain

    5. 4.5 Commodity Grade Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Trade Analysis by Volume and Value

          4. 5.1.1.1.4 Price Trend Analysis

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Trade Analysis by Volume and Value

          4. 5.1.1.2.4 Price Trend Analysis

        3. 5.1.1.3 Mexico

          1. 5.1.1.3.1 Production Analysis

          2. 5.1.1.3.2 Consumption Analysis and Market Value

          3. 5.1.1.3.3 Trade Analysis by Volume and Value

          4. 5.1.1.3.4 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Trade Analysis by Volume and Value

          4. 5.1.2.1.4 Price Trend Analysis

        2. 5.1.2.2 United Kingdom

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Trade Analysis by Volume and Value

          4. 5.1.2.2.4 Price Trend Analysis

        3. 5.1.2.3 France

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis and Market Value

          3. 5.1.2.3.3 Trade Analysis by Volume and Value

          4. 5.1.2.3.4 Price Trend Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Trade Analysis by Volume and Value

          4. 5.1.3.1.4 Price Trend Analysis

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Trade Analysis by Volume and Value

          4. 5.1.3.2.4 Price Trend Analysis

        3. 5.1.3.3 Vietnam

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis and Market Value

          3. 5.1.3.3.3 Trade Analysis by Volume and Value

          4. 5.1.3.3.4 Price Trend Analysis

        4. 5.1.3.4 Philippines

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis and Market Value

          3. 5.1.3.4.3 Trade Analysis by Volume and Value

          4. 5.1.3.4.4 Price Trend Analysis

        5. 5.1.3.5 Indonesia

          1. 5.1.3.5.1 Production Analysis

          2. 5.1.3.5.2 Consumption Analysis and Market Value

          3. 5.1.3.5.3 Trade Analysis by Volume and Value

          4. 5.1.3.5.4 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Trade Analysis by Volume and Value

          4. 5.1.4.1.4 Price Trend Analysis

        2. 5.1.4.2 Argentina

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis and Market Value

          3. 5.1.4.2.3 Trade Analysis by Volume and Value

          4. 5.1.4.2.4 Price Trend Analysis

      5. 5.1.5 Africa

        1. 5.1.5.1 Côte d'Ivoire

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Trade Analysis by Volume and Vallue

          4. 5.1.5.1.4 Price Trend Analysis

        2. 5.1.5.2 Tanzania

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis and Market Value

          3. 5.1.5.2.3 Trade Analysis by Volume and Value

          4. 5.1.5.2.4 Price Trend Analysis

        3. 5.1.5.3 Guinea-Bissau

          1. 5.1.5.3.1 Production Analysis

          2. 5.1.5.3.2 Consumption Analysis and Market Value

          3. 5.1.5.3.3 Trade Analysis by Volume and Value

          4. 5.1.5.3.4 Price Trend Analysis

        4. 5.1.5.4 Benin

          1. 5.1.5.4.1 Production Analysis

          2. 5.1.5.4.2 Consumption Analysis and Market Value

          3. 5.1.5.4.3 Trade Analysis by Volume and Value

          4. 5.1.5.4.4 Price Trend Analysis

        5. 5.1.5.5 Mozambique

          1. 5.1.5.5.1 Production Analysis

          2. 5.1.5.5.2 Consumption Analysis and Market Value

          3. 5.1.5.5.3 Trade Analysis by Volume and Value

          4. 5.1.5.5.4 Price Trend Analysis

        6. 5.1.5.6 Burkina Faso

          1. 5.1.5.6.1 Production Analysis

          2. 5.1.5.6.2 Consumption Analysis and Market Value

          3. 5.1.5.6.3 Trade Analysis by Volume and Value

          4. 5.1.5.6.4 Price Trend Analysis

        7. 5.1.5.7 Nigeria

          1. 5.1.5.7.1 Production Analysis

          2. 5.1.5.7.2 Consumption Analysis and Market Value

          3. 5.1.5.7.3 Trade Analysis by Volume and Value

          4. 5.1.5.7.4 Price Trend Analysis

  6. 6. PROCUREMENT PREFERENCE MATRIX

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Global Cashew Market market is studied from 2016 - 2026.

The Global Cashew Market is growing at a CAGR of 4.6% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

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