Global Raw Cashew Nut Market – Industry Trends and Forecast to 2031

The Raw Cashew Nut market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2031, demonstrating a consistent year-over-year growth rate of 3.32%. Raw Cashew Nut Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Cashew Kernels, Broken & Whole, Raw Cashew Nuts, Roasted Cashew Nuts, Cashew Nut Shell Liquid), by applications (Commercial, Household) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2031

The worldwide market for raw cashew nuts consists of farming strategies, processing techniques, and trading options for the harvested raw cashew nuts. These nuts are obtained from cashew fruits and are a widely eaten food product throughout the world, in both raw and processed forms. Raw cashew nuts are harvested from cashew nut trees, which are mainly grown in warmer and hot regions, i.e., tropics and subtropics. The consumption of raw cashew nuts market is affected by several components, like healthy raw nuts and seeds consumption on region, changing consumers, and health economic factors. As more and more people become aware of the nutritional advantages of cashew nuts, the demand for raw cashew nuts will rise. Moreover, increasing plant-based food adoption and healthy snacking trends are also aiding in the growth of the market.

Raw Cashew Nut Report Highlights

Report Metrics	Details
Forecast period	2019-2031
Base Year Of Estimation	2023
Growth Rate	CAGR of 3.32%
By Product Type	Cashew Kernels, Broken & Whole, Raw Cashew Nuts, Roasted Cashew Nuts, Cashew Nut Shell Liquid
Key Market Players	BATA FOOD Tierra Farm Cascade Agroindustrial S.A. Agrocel Industries Ajanta Industries Aryan International Achal Cashew nuts CBL Natural Foods (PVT) LTD. Aryan International Shivam Cashew Industry Delphi Organic ALIEN GREEN DIVINE FOODS
By Region	North America(United States.Canada.Mexico) South America(Brazil.Argentina.Chile.Rest of South America) Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe) Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific) MEA(Middle East.Africa)

Raw Cashew Nut Market Trends

The market space for raw cashew nuts has also been expanding at a steady rate owing to more people becoming health conscious and the growing popularity of snacks with plant-based constituents. There is an increasing demand for cashew nuts as more and more people recognise the importance of the nut as a source of healthy food, full of nutrition and healthy oils and used in several diets. This is mainly because of the increased adoption of vegans and vegetarians who use cashew nuts mainly for protein and healthy oils and also as dairy-free products such as cashew cheese and milk. There is also another major trend that is the increasing attention to sustainability and ethical sourcing along the cashew supply chain. Consumers are more aware of the effects of their food choices on the environment, which influences cashew growers to implement ecologically sound agricultural methods and provide reasonable work conditions. For example, fair trade and organic certifications are becoming very common with consumers and tend to affect the choices made by buyers.

Raw Cashew Nut Market Leading Players

The key players profiled in the report are BATA FOOD, Tierra Farm, Cascade Agroindustrial S.A., Agrocel Industries, Ajanta Industries, Aryan International, Achal Cashew nuts, CBL Natural Foods (PVT) LTD., Aryan International, Shivam Cashew Industry, Delphi Organic, ALIEN GREEN, DIVINE FOODS

Growth Accelerators

The market for raw cashew nuts is mainly buoyed by the health food trend as well as the consumption of protein from plant-based sources. With increasing health consciousness among consumers, the demand for healthy snacking options rather than conventional foods is rising. It is noted that raw cashew nut diets tend to balance such nutrients as healthy fats and other vitamins and minerals, which are perfect for health-conscious people. Besides, the influence of vegetarianism and veganism has created an increasing demand for vegan-friendly products, including raw cashew nuts that can be used in many dishes, smoothies, salads, and plant milk. The growth of the food processing industry, which makes use of cashew nuts in a number of applications, including confectionery and baked goods, is another factor that contributes to the growing raw cashew nuts market. Moreover, globalization and enhancement of the logistics system have aided in the availability of raw cashew nuts in foreign countries, ensuring that many producers do not have to struggle to work within narrow markets. Moreover, since more people have come to appreciate the nutritional value of nuts and there has been active marketing of cashew nuts for health use, the rising trend is expected to continue.

Raw Cashew Nut Market Segmentation analysis

The Global Raw Cashew Nut is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Cashew Kernels, Broken & Whole, Raw Cashew Nuts, Roasted Cashew Nuts, Cashew Nut Shell Liquid . The Application segment categorizes the market based on its usage such as Commercial, Household. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

Economically, the global raw cashew nuts competition is one where various old and new market players abound, an effect that is expected to rise in the few coming years. Players dominating the market include Vietnam Cashew Processing Company, Alphonsa Cashew Industries, and Ajanta Industries, among others, who have large and efficient supply chains and processing to handle the growing demand across the world. In addition, protecting the local market through supportive government policies aimed at boosting cashew cultivation and processing is likely to boost the market even further. Taking a look at the other developments, there is an improving trend in the market and appreciation of cashew-based goods, e.g., substitutes to dairy products, and healthy snacking, which also accounts for some level of consumption increase. It is expected that the development will be fastest in the Asia Pacific region because of its high production capabilities and a rapidly growing market for cashew-based goods.

Challenges In Raw Cashew Nut Market

The raw cashew nuts market has its hurdles, especially when it comes to supply chain and agricultural practices. One of such challenges is the concentration of production activities in a few countries, such as India, Vietnam, and Africa, as the case may be, where any adverse weather or pest and disease occurrence may lead to supply shortages. Such factors disturb the supply and demand for raw cashew nuts in the market, and therefore it becomes difficult or even impossible to ascertain the prices. The other challenge is that raw cashew nuts are facing stiff competition from other snack varieties and nut products, which may reduce the demand for cashew nuts. Consumers’ health awareness has increased significantly, and more people have started snacking; hence, the cashew nuts raw market does not have other options but to change the way things are done and adopt new ways. All of these issues have potential solutions that entail better agricultural practices, sustainable sourcing, and marketing, which will help keep up with the changes in the target market.

Risks & Prospects in Raw Cashew Nut Market

In recent years, the market for raw cashew nuts has been driven by increasing consumer preferences for healthy snacks and plant-based food preferences. One such craze is the rising consumption of nuts, especially raw cashew nuts, among health-conscious individuals due to their healthy fats, protein, vitamins, and minerals. In addition, the raw cashew nuts market can tap into the growing availability of the product in the developing business regions, primarily in North America and Europe, where there is a large cashew nuts consumer base. High-quality raw cashew nuts are increasingly being sought after in these regions as they try to widen their nut sources and promote the health food bite trend. In addition to that, the growth of electronic commerce is improving market reach, allowing end-users and companies to order raw cashew nuts easier than ever before. This also opens ways for local producers to internationalise and create their brand image, thus enhancing the growth potential of the raw cashew nuts market.

Key Target Audience

The raw cashew nuts market is mainly directed towards food manufacturers and processors who utilise cashew nuts in several products, including but not limited to, snacks, confectioneries, and plant-based foods. These companies appreciate raw cashew nuts for their various uses and health and taste properties. Since the upsurge of consumer’s inclination towards healthy and more natural snacks, the raw cashew nuts market has been expanded because many food producers have included cashew nuts in their products.,, Moreover, the growing trend of plant-based diets has enhanced the craving for cashew nuts even more among manufacturers and consumers alike, considering the protein and healthy fats offered by the nuts. Another crucial target group consists of merchants and wholesale distributors aimed at selling nuts and dried fruits in bulk. Health food shops, hypermarkets, and e-grocers are important for marketing raw cashew nuts because they focus on the health-armed individuals who wish to have healthy treats. On top of that, the food service sector, more specifically, restaurants and cafes that offer dishes or desserts made of or containing cashews, are also a target market.

Merger and acquisition

The raw cashew nuts market has also seen a number of M&A activities, which suggest that the key players are taking steps to consolidate and grow. In April 2023, for instance, Monchy Food Company, a food trading company based in the Netherlands, bought Amama Farms, a Tanzanian company with expertise in growing and processing cashew nuts. This allows Monchy Food to gain access to large processing plants and increases its foothold in the market of dried fruits, especially cashew nuts. This is coupled with efforts by most firms that have invested in supply chains or processed them since there is a lot of anticipated demand on the cashew market, which is projected to be worth USD 10.7 billion by 2028. Furthermore, the market dynamics are shifting as many of the players are becoming aggressive towards technological investment and sustainable development. This includes installing state-of-the art automated processing plants and changing traditional agricultural methods to improve efficiency and quality of the output. The demand for cashew nuts is also increasing due to changing dietary patterns in favour of plant-based diets and rising health awareness of the general population, thus forcing companies to look for merger and acquisition options in order to enhance their product portfolios and reach more markets.