How Big is the Cashew Market | Trends and Global Growth Forecast 2025

Q: How big is the cashew market?

The cashew market was estimated at USD 6.9 billion in 2024 and is projected to reach USD 12 billion by 2031.

Q: What is the growth rate of the cashew market?

The market is expected to grow at a CAGR of 6.7% between 2025 and 2031.

Q: What are the main drivers for the market?

Key drivers include rising demand for healthy snacks, vegan alternatives, and increased global consumption of nut-based products.

Q: Who are the leading players in the cashew industry?

Top players include Olam, Cashew Coast, Lafooco, MIM Cashew, and Wonderland Foods.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5742

Publication Date: Jul 2025

What is the size of Cashew market?

According to 6Wresearch internal database and industry insights, the Global Cashew Market was estimated at USD 6.9 billion in 2024 and is projected to reach USD 12 billion by 2031, growing at a CAGR of 6.9% during the forecast period 2025â€“2031.

Due to rising global demand for healthy snacks, plant-based proteins, and premium nut-based products across food, beverage, and confectionery segments, the market is predicted for the substantial growth in the coming years.

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Key Growth Drivers of the Cashew Market

Growing consumer preference for healthy, nutrient-dense snacks
Rising demand for plant-based and dairy-free alternatives
Growing use of cashews in confectionery, bakery, and vegan cheese products
Increasing cashew consumption in emerging economies like India, China, and Brazil
Support of government and investment in cashew processing infrastructure in key producing countries

Cashew Market Trends

The cashew market is moving forward with notable trends such as surge in demand for plant-based food products, especially vegan snacks, butters, and milk alternatives. Another trend is the growing value-added cashew products such as roasted, spiced, chocolate-coated, and organic cashews. At the other side, the exporters and processors are focusing on quality certification, traceability, and sustainable farming practices to meet international standards. The byproducts of cashew like cashew shell oil and broken kernels are gaining importance in industrial and food processing applications.

Emerging Developments in the Cashew Market

Cashew market is seeing developments such as cashew milk and yogurt are emerging as clean-label dairy alternatives in global markets. Also, the processing technologies are being upgraded to improve yield, reduce labour, and minimize waste. Others, sustainability certifications and fair-trade labelling are gaining importance among exporters. Research & Developments are exploring cashew apple utilization for beverages and biofuel applications.