Global Cashew Kernel Market Analysis and Forecast 2019-2029

July 2020
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
Global Cashew Kernel Market: Industry,
Size, Share, Growth, Trends and Forecast,
2019–2029

Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved 2
Source: Prophecy Market Insights
Market Segmentation
Global Cashew Kernel Market
By Grade By Region
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East &
Africa
 White Wholes
 Scorched Wholes
 Dessert Wholes
 White Pieces
 Scorched Pieces
 Dessert Pieces
 Food
 Medical
 Lubricants
 Paints
 Wildlife
 Other
By Application

Executive Summary (1/9)
3
Overview
 Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before eaten. Oil extracted from the
shells is used as a lubricant, in the production of plastics.
 Increasing demand for healthy snacks, swelling demand from European countries, and increase in the number of primary processing
units in Africa are some of the factors driving the market. However, factors, like weather-related uncertainties, increasing food safety
issues, and the prevalence of small-scale primary processing infrastructure are restraining the market to an extent.
 There are a number of issues going on in the cashew value chain, which need to be addressed, including processing capacity
constrictions, lack of maintenance and management of cashew plants, lower availability of funds, and storage and transportation
related issues, among others. Since majority of the cashews, globally, comes from Africa, the inefficiencies in the value chains of the
African countries are the ones which get percolated down to the global value chains; most of these inefficiencies in the traditional
processing methods add to the high prices passed on to the final cashew consumers.
 Whole cashew kernels account for 80% of the market, while cashew kernels available in pieces account for the remaining 20%.
 Côte d’Ivoire is the largest producer of cashew kernels, with a production of 180,694 metric ton in 2017, which is expected to go up to
284,406 metric ton by 2023, witnessing a CAGR of 7.7% during the forecast period.

4
Impact of COVID-19 on the market
 Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed
high demand for household staples, healthy food items, and consumables with longer shelf lives.
 The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable
increase during the early stages of the crisis.
 Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The
companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an
attempt to adapt to the present business environment.
 The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious
implications on the near future growth of the industry.
 This report will quantify the impact of this pandemic on the cashew kernel market

5
Table 2.1: Global Cashew Kernel Market Overview
Parameters 2019 (E) 2029 (F)
Global Cashew Kernel Market Value (US$ Mn) XXX.X XXX.X
By Grade Segment with Largest Value (US$ Mn) XX: XXX.X XX: XXX.X
By Grade Segment with Highest CAGR (%)-2019-2029 XX: CAGR- XX.X
By Application Segment with Largest Value (US$ Mn) XX: XXX.X XX: XXX.X
By Application Segment with Highest CAGR (%)-2019-2029 XX: CAGR- XX.X
To be Continued …

6
Table 2.2: Global Cashew Kernel Market Overview
Parameters 2019 (E) 2029 (F)
By Region with Largest Value (US$ Mn) North America: XXX.X North America: XXX.X
By Region with Highest CAGR (%)-2019-2029 North America: CAGR- XX.X
Key Market Players:
Al-Aziz and Company
Anzar Cashew Co.
Associated Cashew Industries
Choice Cashew Industries
John's Cashew Company
Kerala Nut Food Co.
Shafi Cashew Industries
Wender's Foods Pvt Ltd.
Tasty Nut Industries
Sunfood Corporation

7
Description Figure 2.1: Global Cashew Kernel Market Value Share (%), By Grade – 2019 (E)
 By grade, the white wholes segment accounts for the
largest revenue share as compared to other segments in
2020.
Analysis
White Wholes Scorched Wholes
Dessert Wholes White Pieces
Scorched Pieces Dessert Pieces
 The global Cashew Kernel market size was valued at USD
XXX.X billion in 2019 and is expected to register a CAGR of
XX.X% from 2019 to 2029.
 Increasing demand for healthy snacks among individuals
globally is the major factor driving the growth of the global
cashew kernel market. Cashews have become popular all
over the world, for their number of health benefits and
subtle flavour. Consumers these days prefer products which
contain high nutritional value.
 According to the data published in British Journal of
Nutrition, people who consume nuts more than four times a
week has a lower risk of coronary heart disease up to only
37% as compared to people who never or seldom consume
nuts.
 Further, it is anticipated that more cashew may be used in
the production of snack bars, which are a healthy alternative
to high-calorie chocolate bars which in turn boosts the
growth of the target market.
XX.X%

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Global Cashew Kernel Market Analysis and Forecast 2019-2029

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