Cashew Nuts Market Size, Share, and Industry Analysis By Form (Whole and Pieces), By End-use (Retail (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), Food Processing, and Food Service), and Regional Forecast, 2026-2034

The global cashew nuts market size was valued at USD 3.42 billion in 2025. The market is projected to grow from USD 3.57 billion in 2026 to USD 4.98 billion by 2034, exhibiting a CAGR of 4.25% during the forecast period.

The global cashew nuts market is experiencing remarkable growth due to increased awareness of the health benefits of tree nuts. Tastes very yummy and very delicious. Its seeds are kidney-shaped and consumed for the whole protein and healthy fats, and minerals, which are essential for it to be incorporated into snacks or dairy alternatives and have culinary applications.

• The value of the US cashew nut market in 2021 was estimated to exceed 1.5 billion dollars, given the increasing internal consumption demand for this product, as indicated by the US Department of Agriculture.

Cashews are incorporated into sweet and savory preparations such as energy bars, nut butters, vegan cheeses, and sauces, and find their place in both circles of cuisines. There's also a trend contributing to global market growth, the ever-increasing demand of consumers for phenomenally produced plant-based functional foods.

Cashew Nuts Market Driver

Cashew Nut Market Growth Driven By Health-Conscious Consumers

The environmental sustainability of cashew nuts goes even further into new forms of healthy eating. The enlightened consumer now perceives nuts as hefty in heart-healthy fats and antioxidants: a good snacking option. Thus, increasing popularity for plant diets pushes demand for cashew products such as dairy alternatives and nut-based snacks. The Office for National Statistics states that the UK market for cashew nuts grew 8% in 2022, thus proving the growth of healthier snacking trends in Europe.

Cashew Nuts Market Restraint

Supply Chain Issues And Allergies Hinder Market Growth

The cashew nuts market faces various restraining factors that could hamper its growth path. On the one hand, supply chain disruption, all too often wrought by climate change or political instability in major producing areas, has turned into a significant threat. It adds to the cost unpredictability of raw cashew sourcing, thus lessening the margins for the manufacturers. There exists, however, another real challenge in the form of consumer nutritional allergies and rising competition from alternative nuts such as almonds and walnuts that could hinder the greater appeal of cashew nuts in the market.

Cashew Nuts Market Opportunity

Cashew Nuts Market Growth Driven By Innovation

The cashew nuts market represents, however, a compelling opportunity for growth through processing and expansion. New product lines such as flavored cashew snacks and plant-based spreads target different consumer segments. Market players are extending their distribution reach and taking advantage of the growing demand in emerging regions. Eco-friendly processing methods and a boom in e-commerce platforms are creating additional entry points, increasing consumer engagement, and improving market access.

Segmentation

Key Insights

The report covers the following key insights:

• Per Capita Nut Consumption and Cashew Production Statistics, By Key Countries
• Drivers, Restraints, Trends, and Opportunities
• Micro and Macro Economic Indicators Impacting Global Nut Trade
• Consolidated SWOT Analysis of Key Players
• Key Industry Developments (Product Launches, Investments, Collaborations – 2023–2024)
• Overview: Regulatory Scenario Related to Nut Safety and Food Standards

Analysis by Form

By form, the market is divided into whole and pieces.

The whole cashew sector is anticipated to dominate the market for cashew nuts owing to their noble use in premium snack products and gifting packs. The beautiful appearance and healthy positioning of cashew nuts really help in demand across retail channels.

The pieces segment is expected to witness significant growth in the coming years and will be driven by faster consumption in food processing industries. Broken cashew nuts are usually cheaper and can be used more constructively in recipes, so they find application in many confectioneries, bakeries, and savory food items.

Analysis by End-use

By end-use, the market is divided into retail (supermarkets and hypermarkets, convenience stores, online stores, others), food processing, and food service.

The retail segment is, of course, supermarkets and hypermarkets, which projects a dominating market growth with the heightened trend of consumers buying nuts in retail stores, along with flexibility through a wide variety of cashew products made available. Besides this, online retail is also projected to grow since it offers the special convenience of home delivery and growing consumer preference for the health-conscious style of snacks.

Significant growth for the food processing segment is expected due to the flourishing incorporation of cashew nuts into dairy alternatives, ready-to-eat snacks, and desserts. Plus, the versatility of cashew nuts as plant-based products has elicited more demand from innovative manufacturers currently venturing into vegan and health-conscious food lines.

Food service is also expected to witness a considerable growth trend, along with an increasing use of cashew nuts in restaurant cuisines, hotels, and institutional catering. The popularity of global dishes and nuts with fusion and traditional menus directly contributes to the expansion of this segment.

Regional Analysis

Based on geography, the market has been studied across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

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In the years to come, most likely, the Asia-Pacific region will dominate the cashew nuts market in the world by relying on its mass production and exports. It is countries such as Vietnam and India, play an important production and domestic consumption role. The region is endowed with strong export linkages with increasing demand for cashews as a staple and value addition.

The North America region still witnesses substantial growth for cashew nuts due to high per capita consumption of healthy snacks. The increasing preference for plant-based and functional food products adds to the acknowledgment of cashew dairy alternatives and snacks. With the prevailing dietary trends, the region is expected to continuously hold a major share in the global market.

More than ever, due to health consciousness trends and a growing inclination for premium and organic nut offerings, Europe is likely to become a lucrative cashew nut market. Consumers are moving toward snacks that adhere to the clean label and wellness agenda. Consequently, these changes will be major catalysts for steady growth in the key markets of Germany, the U.K., and France.

Key Players Covered

The report includes the profiles of the following key players:

• Alphonsa Cashew Industries (India)
• Ajanta Industries (India)
• OFI (Singapore)
• Mudra Global (India)
• Valency International (Singapore)
• Sahyadri Cashew Processors (India)
• Bismi Cashew Company (India)
• Vietnam Cashew Processing Company (Vietnam)
• Nutsco Inc. (U.S.)
• Dorado (Vietnam)

Key Industry Developments

• In June 2023, the two companies made a pact for Alphonsa Cashew Industries to invite SNI into the fold within the processes of promotion given by the state government towards cashew production. The partnership awards Alphonsa as one of the few food producers in India and the first for Kerala when it comes to conferring the recognition of SNI. This aims to take the partnership forward in achieving goals such as promoting a transparent and sustainable cashew supply chain.
• In August 2023, Sahyadri Farms announced an investment of ₹30 crores towards the construction of its cashew processing plant in Mohadi, Nashik, India. Tentatively, the largest such plant in the state claims a capacity to process about 100 metric tons of cashew nuts daily. This reflects the continued investment by the company towards building processing infrastructure while creating local cashew farmers a sustainable ecosystem.
• In February 2024, Hormel Foods has made plans to introduce several flavored cashews under the Planters brand; Cinnamon & Brown Sugar, Dill Pickle, and Rosemary & Sea Salt are some of the new flavors added to the list. The move responds to increasing consumer demand for exciting and wholesome snacking options. The launch imitates the company's agenda to diversify its product range to snatch a potentially larger segment of the consumer base.