India Cashew Market Analysis and growth Forecast Report 2024-2032

India Cashew Market Size

The India Cashew Market was valued at US$2,186.7 million in 2023 and is projected to reach US$3,150.2 million by 2032, with a compound annual growth rate (CAGR) of 4.14% from 2024 to 2032. The demand for plain or salted cashews is being driven by the wide range of beverage applications in which they can be used, making them popular worldwide. One of the main factors contributing to the market growth is the increasing use of plain cashews in Indian cuisine, especially in sweets.

India Cashew Market Overview

Cashew is a popular nut derived from the cashew tree, native to Brazil but widely cultivated in tropical regions, including India. The cashew nut is a kidney-shaped seed that grows outside the cashew apple, a fruit the tree produces. Known for its rich flavor and nutritional benefits, cashews are consumed worldwide as snacks, cooking, and as an ingredient in various food products, including desserts, confectioneries, and sauces.

Request a free sample copy of the report: https://www.renub.com/india-cashew-market-p.php

India is one of the largest producers and exporters of cashew nuts globally, with the market playing a crucial role in the country’s agricultural economy. The cashew industry in India is primarily concentrated in states like Kerala, Karnataka, Maharashtra, and Andhra Pradesh. Indian cashews are renowned for their quality and are highly sought after in international markets.

The domestic cashew market is also strong, driven by rising health consciousness, increasing disposable incomes, and the growing popularity of nuts as a healthy snack. Cashews are also used extensively in Indian cuisine, especially in sweets and savory dishes. With expanding demand both domestically and internationally, the Indian cashew market continues to thrive, contributing significantly to the country’s export earnings.

Growth Factors in the India Cashew Industry

Increasing Domestic Consumption

The growing health awareness and shifting consumer preferences toward nutritious snacks drive domestic demand for cashews in India. As more Indians adopt healthier eating habits, nuts like cashews are becoming a staple in households, recognized for their high protein, healthy fats, and vitamins. Cashews are also integral to traditional Indian cuisine, particularly in sweets, curries, and festive dishes, which boosts their consumption during festivals and special occasions. Additionally, the rising middle class with higher disposable incomes is more willing to purchase premium products like cashews, further driving growth in the domestic market.

Expanding Export Market

India is one of the world’s largest cashew nuts exporters, with a significant portion of production being exported to major markets such as the United States, Europe, and the Middle East. The high-quality Indian cashew is in demand internationally, contributing to the industry’s growth. With increasing global demand for healthy snacks and plant-based proteins, Indian exporters are capitalizing on this trend by expanding their reach to new markets. Government support through export incentives and promoting Indian cashews in international trade fairs also plays a crucial role in driving export growth.

Technological Advancements in Processing

Adopting advanced processing technologies is enhancing the efficiency and quality of cashew production in India. Modern processing techniques, such as mechanized shelling and improved roasting methods, reduce labor costs and minimize wastage, leading to higher yields and better-quality nuts. These advancements improve profitability for cashew processors and enable them to meet the stringent quality standards required for export markets. Additionally, innovations in packaging and storage help extend the shelf life of cashews, making them more competitive in the global market. As the industry continues to modernize, it is poised for sustained domestic and international growth.

India Regional Cashew Market Overview:

The cashew market in India is a key pillar of the country’s agricultural economy, with a rich history and a promising future. India is one of the world’s largest producers and consumers of cashew nuts, and its regional cashew market plays a significant role in the global cashew industry. The major cashew producing states in India include Maharashtra, Andhra Pradesh, Orissa, Kerala, Karnataka, and Tamil Nadu. The market is characterized by a diverse range of cashew varieties and products, catering to both domestic and international demand.

The regional cashew market in India is influenced by various factors such as climate conditions, government policies, and global market trends. The industry faces challenges such as fluctuating prices, competition from other cashew-producing countries, and the need for technological advancements in processing and production. However, the market also presents numerous opportunities for growth, including increasing demand for healthy snacks, rising exports, and innovation in value-added cashew products.

India Cashew Market Company Overview

Some of the industry leaders seen in the India Cashew Market Includes Wonderland Foods, Kalbavi Cashews, Britannia Industries Limited, Haldirams.

India Cashew Market News

In January 2024, New Delhi-based engineers and specialists in agriculture created a novel device that makes cashew kernel extraction easier. This will save labor costs and greatly increase their total cashew output by speeding up and lowering the cost of kernel extraction.

In October 2022, to encourage cashew planting in the state and work toward Goa becoming self-sufficient in cash crop production within the next five to ten years, the Goa Forest Development Corporation suggested a cashew festival to take place in April and May of 2023.

In March 2022, The Indian Council of Agricultural Research (ICAR)-Directorate of Cashew Research, located in Puttur, Karnataka, has recently constructed a Silver Jubilee building. This building is seen as a new chapter in the Council’s vision to empower and benefit the agricultural community while also advancing research on the cashew crop.

Related Reports:

India Frozen Paratha Market: https://www.renub.com/india-frozen-paratha-market-p.php

India Frozen Food Market: https://www.renub.com/india-frozen-food-market-p.php

India Spice Market: https://www.renub.com/india-spice-market-p.php

Cashew Production by States – Market breakup in 7 viewpoints:

Maharashtra
Andhra Pradesh
Orissa
Karnataka
Tamil Nadu
Kerala
Others

Cashew Export by Countries – Market breakup in 6 viewpoints:

UAE
Netherland
Japan
Saudi Arabia
Vietnam
Others

All the Key players have been covered from 4 Viewpoints:

Key Person
Overview
Revenue Analysis
Recent development & Strategy

Company Analysis:

Wonderland Foods
Kalbavi Cashews
Britannia Industries Limited
Haldirams

Key Questions Answered in This Report:

How big is the India Cashew industry?
What is the India Cashew industry growth rate?
Who are the key players in India Cashew industry?
What are the factors driving the India Cashew industry?
Which Region held the largest market share in the India Cashew industry?
What segments are covered in the India Cashew Market report?

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.