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Global Cashew Kernel Market Size, Share, Trends, Forecast: By Grade: White Wholes, Scorched Wholes, Dessert Wholes, White Pieces, Scorched Pieces, Dessert Pieces; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Cashew Kernel Market Outlook
The global cashew kernel market attained a value of about USD 5.93 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.9% to reach nearly USD 9.10 billion by 2032.
Rising Adoption of Healthy Diets is Providing Impetus to the Market Growth of Cashew Kernel
The global market for cashew kernel is being driven by the ongoing trends promoting healthier diets. As a result of increasing disposable incomes and growing awareness, the demand for clean label and healthy snacks are boosting the market growth of cashew kernels. Cashew kernels are a rich source of copper, which is essential for energy production, healthy brain development, and a strong immune system. Thus, the health benefits of cashew are positively influencing the growth of the market.
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In addition to this, the surge in the market can be attributed to the fast-paced lifestyle, owing to which the demand for ready-to-eat, healthy, and packed snacks are significantly aiding the growth of the market. Apart from this, the rising trends of veganism and vegetarianism are pressing the demand for plant-based nutrition, which is more natural, eco-friendly, and healthy, thereby furthering the market growth of cashew kernel.
Cashew Kernel: Market Segmentation
Cashew kernels can be defined as the processed form of raw cashew. These kernels are graded into white/scorched wholes, pieces, and splits, among others.
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On the basis of grade, the market can be divided into:
- White Wholes
- Scorched Wholes
- Dessert Wholes
- White Pieces
- Scorched Pieces
- Dessert Pieces
The EMR report looks into the regional markets of cashew kernel like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Applications of Cashew Kernels in End-Use Industries to Boost the Market Growth
The growth in the global market for cashew kernel can be ascribed to its several health benefits and multiple applications. Cashew nuts have been increasingly used as a confectionary ingredient in chocolates and desserts due to an array of nutritional benefits. In addition, cashew nuts are popularly used as an active ingredient in many gravy-based dishes, thus further propelling the demand from the food and beverage industry. Additionally, cashew-based dairy products are proactively gaining popularity as an alternative to conventional dairy products among vegans. These are some of the factors pushing the demand for the product from the food and beverage industry, thereby boosting the market growth.
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Furthermore, as a result of the developing cosmetic industry, cashew kernels are increasingly finding their way in many personal care products as a key sustainable product. In line with this, inflating per capita incomes and the surging demand for natural and plant-based ingredients in cosmetic products are some of the factors favouring the applications of cashews in the cosmetic industry, consequently propelling the market growth.
Key Industry Players in the Global Cashew Kernel Market
The report presents a detailed analysis of the following key players in the global cashew kernel market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Alphonsa Cashew Industries
- Nutsco Inc.
- DVK Group
- Olam International Limited
- Prime Nuts FZE
- Vietnam Cashew Processing Co.
- Bismi Cashew Company
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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 Grade |
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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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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cashew Kernel Market Analysis
8.1 Key Industry Highlights
8.2 Global Cashew Kernel Historical Market (2018-2023)
8.3 Global Cashew Kernel Market Forecast (2024-2032)
8.4 Global Cashew Kernel Market by Grade
8.4.1 White Wholes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Scorched Wholes
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Dessert Wholes
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 White Pieces
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Scorched Pieces
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Dessert Pieces
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Cashew Kernel Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Cashew Kernel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cashew Kernel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cashew Kernel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cashew Kernel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cashew Kernel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alphonsa Cashew Industries
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 Nutsco Inc.
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 DVK Group
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 Olam International Limited
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 Prime Nuts FZE
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 Vietnam Cashew Processing Co.
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 Bismi Cashew Company
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 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cashew Kernel Market: Key Industry Highlights, 2018 and 2032
2. Global Cashew Kernel Historical Market: Breakup by Grade (USD Billion), 2018-2023
3. Global Cashew Kernel Market Forecast: Breakup by Grade (USD Billion), 2024-2032
4. Global Cashew Kernel Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Cashew Kernel Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Cashew Kernel Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Cashew Kernel Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Cashew Kernel Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Cashew Kernel Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Cashew Kernel Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Cashew Kernel Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Cashew Kernel Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Cashew Kernel Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Cashew Kernel Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Cashew Kernel Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Cashew Kernel Market Structure
Key Questions Answered in the Report
In 2023, the global cashew kernel market attained a value of nearly USD 5.93 billion.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.10 billion by 2032.
The market growth can be associated with the various health benefits of cashew kernels and the rising applications of the nut in the cosmetic and food and beverage industries.
Trends surrounding the surging demand for healthy, plant-based, and clean-label products are augmenting the market growth of cashew kernels.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant grades of cashew kernel include white wholes, scorched wholes, dessert wholes, white pieces, scorched pieces, and dessert pieces.
The major players in the industry are Alphonsa Cashew Industries, Nutsco Inc., DVK Group, Olam International Limited, Prime Nuts FZE, Vietnam Cashew Processing Co., and Bismi Cashew Company, among others.
Analyst Review
The global cashew kernel market attained a value of nearly USD 5.93 billion in 2023, driven by the growing demand for healthier diets. Aided by applications in varied end-use sectors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.9%. The market is projected to reach about USD 9.10 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market can be segmented into white wholes, scorched wholes, dessert wholes, white pieces, scorched pieces, and dessert pieces. The major regional markets for cashew kernel are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alphonsa Cashew Industries, Nutsco Inc., DVK Group, Olam International Limited, Prime Nuts FZE, Vietnam Cashew Processing Co., and Bismi Cashew Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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