Market Size of South America Cashew Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 582.24 Billion |
| Market Size (2029) | USD 750.20 Billion |
| CAGR (2024 - 2029) | 5.20 % |
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South America Cashew Market Analysis
The South America Cashew Market size is estimated at USD 582.24 billion in 2024, and is expected to reach USD 750.20 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
Covid-19 has a direct and negative impact on the cashew market. The lockdown restrictions in the country have disrupted the demand for cashew nuts due to the lack of purchasing power resulting from reduced income. The value chain of the cashew market is affected negatively as a result of a disrupted distribution channel that tends to lower the end-products of cashew nuts in the market. This demand for cashew is expected to continue increasing as it is stimulated by the continuing trend towards healthier nutrition and a strong preference for sustainably-produced foods and fueled by the rapidly increasing request for snack products is driving the market. South America is globally regarded as the place of origin of cashews. Major cashew growing countries in the region are Brazil, Chile, Colombia, and Bolivia, amongst others. The United States and the other North American countries are the major cashew trade partners of South America. The largest importing countries in terms of value are Vietnam, India, and the United States.
