Cashew Kernel Market

By Form;

Wholes, Brokens, Butts, Pieces and Splits

By Cultivation Type;

Organic and Conventional

By Processed Type;

Raw, Dried, Flavoured and Others

By Packaging Type;

Bags, Boxes, Cartons and Others

By Shell;

In-Shell and Shelled

By Distribution Channel;

Online and Offline

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn939023745 Published Date: September, 2025 Updated Date: October, 2025

Cashew Kernel Market Overview

Cashew Kernel Market (USD Million)

Cashew Kernel Market was valued at USD 6,131.88 million in the year 2024. The size of this market is expected to increase to USD 8,266.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.


Cashew Kernel Market

*Market size in USD million

CAGR 4.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.4 %
Market Size (2024)USD 6,131.88 Million
Market Size (2031)USD 8,266.70 Million
Market ConcentrationHigh
Report Pages337
6,131.88
2024
8,266.70
2031

Major Players

  • Nutsco Inc.
  • Alphonsa Cashew Industries
  • DVK Group
  • Prime Nuts FZE
  • Vietnam Cashew Processing Co.
  • Olam International Limited
  • Bismi Cashew Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cashew Kernel Market

Fragmented - Highly competitive market without dominant players


The Cashew Kernel Market is gaining prominence due to its rising demand in food processing, snacking, and confectionery applications. Consumers are increasingly drawn to nutrient-rich cashews, which contain healthy fats, proteins, and minerals. Approximately 45% of global consumers now prefer cashews as a healthy snacking option, making them one of the fastest-growing categories in the nut industry.

Key Drivers Enhancing Demand
Health consciousness and the trend of plant-based nutrition are fueling growth in this market. Around 30% of consumers incorporate cashew kernels into their diets for heart health, weight management, and improved immunity. Their versatility in bakery items, vegan cheese, and dairy alternatives further accelerates adoption across food sectors.

Innovations Supporting Market Expansion
Food manufacturers are embracing value-added cashew products such as flavored, roasted, and coated kernels to attract younger demographics. Nearly 25% of new nut product launches include cashew-based innovations. This reflects the growing emphasis on product differentiation and premium offerings to meet evolving consumer expectations.

Strategic Developments and Collaborations
Industry stakeholders are focusing on partnerships, collaborations, and supply chain strengthening to ensure consistent availability and quality. Approximately 40% of companies have invested in sustainable sourcing initiatives to align with rising consumer demand for ethical and eco-friendly food products.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Nature
    3. Market Snapshot, By Processing Method
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Cashew Kernel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise in snacking habits globally
        2. Health-conscious consumer trends
        3. Product diversification in food industry
        4. High nutritional value of cashew kernels
      2. Restraints
        1. Trade tariffs and import/export regulations
        2. Infrastructure constraints in rural areas
        3. Consumer awareness of allergen risks
      3. Opportunities
        1. Strategic partnerships for distribution
        2. Value-added product development
        3. Emerging markets with rising incomes
        4. Technological advancements in processing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cashew Kernel Market, By Grade, 2021 - 2031 (USD Million)
      1. White Wholes
      2. Scorched Wholes
      3. Dessert Wholes
      4. White Pieces
      5. Scorched Pieces
      6. Dessert Pieces
    2. Cashew Kernel Market, By Nature, 2021 - 2031 (USD Million)

      1. Organic

      2. Conventional

    3. Cashew Kernel Market, By Processing Method, 2021 - 2031 (USD Million)

      1. Raw

      2. Roasted

    4. Cashew Kernel Market, By Distribution Channel, 2021 - 2031 (USD Million)

      1. Online

      2. Offline

    5. Cashew Kernel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Côte d’Ivoire
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market