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Africa Cashew Market Size, Share, Trends, Growth, Analysis, Forecast: By Type: White, Scorched, Dessert; By Form: Wholes, Pieces; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Trade Data Analysis; Price Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Africa Cashew Market Outlook
The Africa cashew market size reached approximately USD 823.28 million in 2023. The market is further projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of USD 1189.65 million by 2032.
Key Trends in the Market
Cashews refer to nuts that are a rich source of minerals and proteins, oil, healthy fats, fibres, antioxidants, zinc, phosphorus, copper, and magnesium. They are commonly used in baked goods, dairy products, and beverages, among others, and can also be consumed as such.
- The increased consumption of cashews due to increased adoption of plant-based diets is a key trend fuelling the Africa cashew market growth. The changing eating patterns can be attributed to the growing awareness about the various health benefits associated with plant-based products including reduced inflammation, maintenance of healthy weight, and high fibre content, among others.
- Introduction of various government policies to support the production, processing, and export of cashews is another major factor aiding the market expansion in Africa. Some of the policies also aim to ensure that farmers have access to quality seedings and technologies and infrastructure for cultivating high quality cashews.
- Increased consumption of cashew butter due to its thick and creamy texture is another major factor aiding the market expansion. Due to its creamy nature, cashew butter is used as a key ingredient in various sauces, soups, and dips and as spreads on crackers or as dressings on salads.
Africa Cashew Market Analysis
Based on type, the market is divided into white, scorched, and dessert. On the basis of form, the market is bifurcated into wholes and pieces. Based on country, the market is segmented into South Africa, Egypt, Nigeria, and Tanzania, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa cashew market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Olam International Limited.
- ECOM Agroindustrial Corp. Limited
- Tan Mondial Pte Ltd.
- ETC Group
- Driffield Trading Company Limited
- Africa Negoce Industries
- Gombella Integrated Services Limited
- Still Morris Consults Ltd.
- Welli Farms Limited
- Malvaceae Limited
- Vainqueur Agro SARL
- Enkay Indo Nigerian Ind. Ltd
- Others
Market Share by Type
White cashews are expected to account for a significant Africa cashew market share over the forecast period. These cashews have a higher nutritional content as opposed to their scorched counterparts and are often snacked upon after they are roasted and salted. These cashews are also used in biscuit and chocolate factories. Increasing demand from countries including China and the United States, among others, due to rising incorporation of cashews in sweet and savoury food products is further aiding the segment growth.
Market Share by Country
Tanzania is anticipated to account for a significant share of the market in the coming years. The diverse agro-climatic conditions of the country are most suitable for cashew cultivation. Due to the social effects and economic benefits offered by cashew cultivation, the activity has become immensely popular in the country. The increased consumption of cashews and cashew-based products due to growing awareness about the high polyphenol and carotenoid content, the antioxidants that aid in fighting oxidative cell damage is boosting the Africa cashew market demand.
Competitive Landscape
Olam International Limited. is a leading agri-business that supplies ingredients, food, and feed to consumers around the globe. The company sources, stores, distributes, and transports coffee, cocoa, and cashews, among others.
ECOM Agroindustrial Corp. Limited, headquartered in Switzerland, is a processing and commodity trading company that specialises in the production of cocoa, cotton, and coffee, among others. They are also the supplier and supply chain manager of semi-processed and raw agricultural commodities.
Tan Mondial Pte Ltd., headquartered in Singapore, is a soft agriculture commodity company that is operating across the continents of Asia and Africa and is known for providing cashews, shea nuts, timber, sesame, and coffee, among others.
Other market players include ETC Group, Driffield Trading Company Limited, Africa Negoce Industries, Gombella Integrated Services Limited, Still Morris Consults Ltd., Welli Farms Limited, Malvaceae Limited, Vainqueur Agro SARL, and Enkay Indo Nigerian Ind. Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Cashew Market Overview
8.1 Key Industry Highlights
8.2 Global Cashew Historical Market (2018-2023)
8.3 Global Cashew Market Forecast (2024-2032)
8.4 Global Cashew Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Cashew Market Overview
9.1 Key Industry Highlights
9.2 Africa Cashew Historical Market (2018-2023)
9.3 Africa Cashew Market Forecast (2024-2032)
10 Africa Cashew Market by Type
10.1 White
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Scorched
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Dessert
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Africa Cashew Market by Form
11.1 Wholes
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Pieces
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Africa Cashew Market by Country
12.1 South Africa
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Egypt
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Nigeria
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Tanzania
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
14 Trade Data Analysis (HS Code - 080132)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Olam International Limited.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ECOM Agroindustrial Corp. Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Tan Mondial Pte Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ETC Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Driffield Trading Company Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Africa Negoce Industries
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Gombella Integrated Services Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Still Morris Consults Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Welli Farms Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Malvaceae Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Vainqueur Agro SARL
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Enkay Indo Nigerian Ind. Ltd.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Africa Cashew Market: Key Industry Highlights, 2018 and 2032
2. Africa Cashew Historical Market: Breakup by Type (USD Million), 2018-2023
3. Africa Cashew Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Africa Cashew Historical Market: Breakup by Form (USD Million), 2018-2023
5. Africa Cashew Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Africa Cashew Historical Market: Breakup by Country (USD Million), 2018-2023
7. Africa Cashew Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Major Importing Countries by Volume
9. Major Exporting Countries by Volume
10. Major Importing Countries by Value
11. Major Exporting Countries by Value
12. Africa Cashew Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 823.28 million in 2023.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1189.65 million by 2032.
The major market drivers include increasing government efforts to support cashew production and rising demand from food and beverage sectors.
The key trends fuelling the growth of the market include increased consumption of cashew-based products due to rapid adoption of vegan diets and growing awareness about the high polyphenol and carotenoid content of cashews.
The major countries in the market are South Africa, Egypt, Nigeria, and Tanzania, among others.
The significant types of cashews include white, scorched, and dessert.
The key players in the market are Olam International Limited., ECOM Agroindustrial Corp. Limited, Tan Mondial Pte Ltd., ETC Group, Driffield Trading Company Limited, Africa Negoce Industries, Gombella Integrated Services Limited, Still Morris Consults Ltd., Welli Farms Limited, Malvaceae Limited, Vainqueur Agro SARL, and Enkay Indo Nigerian Ind. Ltd, among others.
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