Australia Cashew Market Report and Forecast 2025-2034

Australia Cashew Market Outlook

The Australia cashew market size is projected to grow at a CAGR of 3.7% between 2025 and 2034.

Key Takeaways

• Australian imports various forms of cashews, including whole cashews, roasted cashews, and cashew butter.

• Notable players in the market are Scalzo Trading Co Pty Ltd, Charlesworth Nuts Pty Ltd, Patons Macadamia Plantations Pty Ltd, and Royal Nuts Company.

• Cashews are rich in nutrients and healthy fats, making them a popular choice among consumers.

The Australia cashew market growth is being fuelled by various factors such as increasing health consciousness among consumers, rising disposable incomes, demand for plant-based protein sources, culinary applications in the food industry, and the expanding retail sector. Consumers' awareness of the health benefits of cashews and their versatility in culinary applications are driving the demand for cashew products.

Additionally, economic growth and higher purchasing power enable consumers to include cashews in their regular diets, while the retail sector's growth makes cashew products more accessible. These factors collectively contribute to the growth and expansion of the cashew market in Australia.

Manufacturers in the market are innovating with flavoured cashews, organic variants, and value-added products to meet changing consumer preferences and expand their market share. These offerings, such as honey-roasted or spicy flavours and value-added products like cashew butters and cashew-infused chocolates, cater to diverse tastes and health-conscious consumers. By embracing these trends, manufacturers can enhance product variety, attract a wider consumer base, and drive Australia cashew market development.

Cashews are integrated across various applications within the Australian market landscape. In cereals, cashews are used to add flavour, texture, and nutritional value, enhancing the appeal of breakfast cereals and muesli products. In desserts like cakes, cookies, ice creams, and pastries, cashews provide a rich nutty flavour and crunchy texture that elevate the taste profile. Cashews are popular ingredients in confectioneries like chocolates, fudges, and pralines due to their creamy texture and mild sweetness.

Cashews also find applications in cosmetic products for their skin-nourishing properties, contributing to formulations like creams and oils. Cashews are used in dairy alternatives like cashew milk or cheese due to their creamy consistency and mild flavour profile. Cashews are utilised in beverages like plant-based milk alternatives or smoothies for their nutritional content and creamy texture. Cashews are a common ingredient in energy bars, snack mixes, trail mixes, and granola bars due to their nutritional benefits and satisfying crunch.

Market Segmentation

Australia Cashew Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Form 

• Roasted

• Paste

• Splits

• Whole

• Powder

Market Breakup by Application 

• Cereals

• Desserts

• Bakery Products

• Confectionaries

• Cosmetic Products

• Dairy Products

• Beverages

• Snacks and Bars

• Others

Market Breakup by Distribution Channel

• Supermarkets/Hypermarkets

• Convenience Stores

• Online Channels  

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players are expanding their market presence and product portfolios to capitalise on the growing demand for cashews.

• Scalzo Trading Co Pty Ltd.

• Charlesworth Nuts Pty Ltd.

• Patons Macadamia Plantations Pty Ltd.

• Royal Nut Company

• Valency International Pte Ltd.

• Others

Key Highlights of the Report