Cashew Market Growth (2023-2027):Trends and Key Insights
The Global cashew market is projected to expand by 1,123.96 thousand tons, with a compound annual growth rate (CAGR) of 5.3% from 2022 to 2027. This growth is fueled by rising lactose intolerance and increasing consumer preference for dairy-free alternatives such as cashew milk. European countries are witnessing strong demand for cashew-based products, while North America continues to dominate production

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Cashew Market Segmentation
By Type:
- Conventional or Regular: Largest segment due to lower cost and high consumer preference.
- Organic: Gaining traction among health-conscious consumers.
By Distribution Channel:
- Offline: Supermarkets, hypermarkets, and convenience stores dominate sales.
- Online: Growing with increased digital penetration and direct-to-consumer sales.
Regional Market
North America
- The U.S.
- Canada
- The region contributes 45% of global market growth.
- Increasing production and consumption of cashews drive demand.
- Cashews are widely used in snacks, confectionery, and dairy-free milk alternatives.
Europe
- The U.K.
- Germany
- France
- Rest of Europe
- Rising demand for lactose-free products fuels growth.
- European consumers increasingly prefer cashew milk over traditional dairy.
APAC
- China
- India
- A major market for cashew cultivation and processing.
- Growing domestic demand supports market expansion.
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Increasing awareness of cashew’s health benefits boosts demand.
South America
- Chile
- Brazil
- Argentina
- Expanding cashew production and export activities.
Market Dynamics
Market Drivers:
- Rising Demand for Dairy Alternatives: Growing lactose intolerance and allergies to soy, almond, and hazelnut milk boost cashew milk sales.
- Health Benefits of Cashews: Rich in essential nutrients, cashews aid in lowering LDL cholesterol, supporting bone health, and boosting immunity.
Market Trends:
- Clean Labeling & Fair-Trade Practices: Producers increasingly adhere to ethical sourcing and transparency in production.
Key Market Challenges:
- Allergen Concerns: Cashews are a known allergen, affecting market growth.
- Price Fluctuations: Variability in raw cashew costs impacts industry profitability.
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Key Market Players
- Royal Dry Fruits Pvt. Ltd.
- Kalbavi Cashews
- Haldiram Foods International Pvt. Ltd.
- Achal Group of Industries
- Agrocel Industries Pvt. Ltd.
- ALPHONSA CASHEW INDUSTRIES
- Aryan International
- Bata Food
- Bismi Cashew Co.
- CBL NATURAL FOODS Pvt. Ltd.
- DCC Delicious
- Delphi Organic GmbH
- DVK Group
- NIRVAANIC LIFE FOODS Pvt. Ltd.
- NUTSCO Inc.
- Olam Group Ltd.
- Prime Nuts Online Store
- Shivam Cashew Industry
- Sunorganic Industries Pvt. Ltd.
- Vietnam Cashew Processing Joint Co.