India Cashew Market Report and Forecast 2025-2034

India Cashew Market Size

The India cashew market reached approximately USD 2.56 billion in 2023. The market is projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of around USD 3.70 billion by 2032.

India Cashew Market Outlook

• India continues to hold the title of the world's largest consumer of cashews, processing close to half of the global cashew kernels and consuming 40% of the worldwide output.

• The annual consumption of cashews by Indians is estimated to be worth USD 2.5 billion.

• The production of cashew nuts in India rose from 0.70 million tonnes (MT) to 0.77 million tonnes (MT) during 2021-2022.

India Cashew Market Growth

India stands as one of the leading countries in the world in terms of cashew production. Cashew cultivation in India spans across 0.7 million hectares of land, with an annual production exceeding 0.8 million tonnes (MT). In 2021-22, India's cashew nut production increased to 0.77 million tonnes (MT). The coastal regions of the peninsula are the primary areas where cashew cultivation is concentrated in India, particularly in states like Maharashtra, Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Goa, Orissa, West Bengal, and parts of the North-Eastern region. According to data from the National Horticulture Board (NHB), Maharashtra led the annual cashew nut production in 2021-22 with 0.20 million tonnes (MT), up from 0.19 million tonnes in 2020-21. In addition to its significant cashew production, India is renowned for its pioneering efforts in cashew processing and exporting cashew kernels worldwide.

Cashews are a staple ingredient in many food products, including dairy, baked goods, and confections, and the flourishing food processing sector. The rising demand for cashews is being fuelled by the growing popularity of cashew-based products like cashew butter, cashew milk, and cashew cheese. These items are meeting the needs of the expanding vegan and lactose-intolerant consumer groups. The increasing preference for plant-based diets is also driving the demand for nuts, including cashews, as a source of plant-based protein and healthy fats. Cashews are increasingly becoming a dietary staple among vegans and vegetarians.

India Cashew Industry Segmentation

“India Cashew Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• White

• Scorched

• Dessert

Market Breakup by Form

• Whole

• Pieces

Market Breakup by Region

• East India

• West and Central India

• North India

• South India

India Cashew Market Share

Based on type, the market is segmented into white, scorched, and dessert. White cashews are projected to grow at a CAGR of 4.7% during the forecast period of 2024-2032.  Such cashews provide a wide range of advantages, attracting health-conscious individuals and culinary enthusiasts alike. They contain high levels of monounsaturated and polyunsaturated fats, which are known to promote heart health.

Leading Companies in the India Cashew Market

The market players are focusing on the adoption of sustainable and organic farming practices to gain a competitive edge in the market.

• Kalbavi Consumer Foods Private Limited.

• Achal Group

• Bismi cashew company

• MANGALORE CASHEW INDUSTRIES

• SKP Cashews Pvt. Ltd.

• Others

Key Highlights of the Report