India Cashew Market : Trends, Analysis & Forecast (2025-2033)

India Cashew Market Analysis

Market Overview The India Cashew Market was valued at US$ 2,186.7 million in 2023 and is projected to grow to US$ 3,150.2 million by 2032, registering a CAGR of 4.14% from 2024 to 2032. The increasing demand for plain or salted cashews, driven by their versatile use in various beverage applications and Indian cuisine, particularly in sweets, has significantly contributed to the market’s expansion.

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Cashew Market Overview

Cashew nuts, which are kidney-shaped and rich in protein and oil, undergo shelling and roasting before consumption. They serve not only as a popular snack but also as a crucial ingredient in several food products such as energy bars, pastries, chocolates, and ice creams. Additionally, cashews are a major component of Indian cooking, particularly in sweets and curries. Cashew oil, extracted from shells, is also used in industrial applications, such as the manufacturing of plastics and lubricants.

One of the key nutritional benefits of cashews is their high copper content, with one ounce containing 622 micrograms of copper, an essential nutrient for bone health. Moreover, cashews contain more fiber than peanuts, aiding digestion and weight management. The emergence of cashew-based snacks and dairy alternatives like ready-to-drink cashew milk has further propelled the market.

Market Growth Factors

1. Rising Health Awareness

One of the primary factors driving the Indian cashew market is the increasing health consciousness among consumers. Cashews are widely recognized for their high nutritional value, including heart-healthy fats, essential vitamins, and minerals. Their consumption is associated with enhanced immunity, cardiovascular health, and overall well-being. The growing shift towards plant-based diets and healthy snacking has further fueled demand for cashews as a healthier alternative to processed snacks.

Additionally, concerns over lifestyle-related diseases like obesity, diabetes, and cardiovascular illnesses have encouraged consumers to opt for nutritious food options. Cashews, with their high protein and fiber content, align well with these dietary trends. Furthermore, the increasing preference for organic and natural food products has driven demand for premium cashew varieties.

2. Agricultural Advancements

Technological advancements in cashew cultivation have significantly boosted production in India. Modern agricultural practices such as precision agriculture, integrated pest management, and the use of disease-resistant seeds have led to higher yields and improved nut quality. Efficient irrigation techniques like drip and sprinkler systems have further enhanced water conservation, making cashew farming more sustainable.

These advancements have resulted in improved production efficiency, ensuring a steady supply to meet the growing domestic and international demand for cashews.

Regional Cashew Market Insights

India is one of the world’s largest producers of cashews, with an annual production exceeding 0.8 million metric tons (MT) and approximately 0.7 million hectares of land under cultivation. According to the India Brand Equity Foundation (IBEF) in 2024, India’s cashew industry generates around USD 0.47 billion in foreign exchange and provides employment to over 1.5 million people in agriculture and processing.

Key Cashew-Producing States:

• Maharashtra
• Andhra Pradesh
• Odisha
• Karnataka
• Tamil Nadu
• Kerala
• Other regions (including the Andaman & Nicobar Islands, Northeastern states, and Chhattisgarh)

In recent years, there has been a significant shift in consumption patterns, with flavored and value-added cashew products gaining popularity. These include roasted, salted, honey-coated, and spice-flavored cashews, along with cashew butter, powder, and cashew-based beverages.

Cashew Export Market

India exports cashews to multiple international markets, with major destinations including:

• United Arab Emirates (UAE)
• Netherlands
• Japan
• Saudi Arabia
• Vietnam
• Other regions

The rising demand for Indian cashews in global markets is fueled by their superior quality, competitive pricing, and increased adoption of Indian cashew-based food products in international cuisine.

Key Companies in the India Cashew Market

Several major players dominate the Indian cashew market, focusing on product innovation, market expansion, and quality enhancement. Notable companies include:

1. Wonderland Foods
2. Kalbavi Cashews
3. Britannia Industries Limited
4. Haldiram’s

These companies leverage strong distribution networks, strategic partnerships, and advanced processing technologies to maintain their market positions.

Company Analysis – Key Metrics:

• Key Personnel
• Company Overview
• Recent Developments
• Revenue Analysis

Recent Industry Developments

• January 2024: Engineers and agricultural specialists in New Delhi developed an innovative cashew kernel extraction device to improve processing efficiency, reducing labor costs and increasing productivity.
• October 2022: The Goa Forest Development Corporation proposed hosting a cashew festival to promote cashew cultivation and achieve self-sufficiency in cashew production.
• March 2022: The Indian Council of Agricultural Research (ICAR)-Directorate of Cashew Research, Puttur, Karnataka, inaugurated a Silver Jubilee building, marking a new era in cashew research and agricultural innovation.

Conclusion

The India Cashew Market is poised for sustained growth over the next decade, driven by rising health consciousness, advancements in agriculture, and increasing demand for cashew-based products. With India’s strong production capacity and expanding export market, the cashew industry is set to play a crucial role in the global nut and snack food sector. Continued investment in research, processing technologies, and market diversification will further bolster India’s position as a leading cashew producer and exporter.