? India Cashew Market Overview
India Cashew Market is projected to reach US$ 3.31 billion by 2033, up from US$ 2.28 billion in 2024, growing at a CAGR of 4.25% during the forecast period (2025-2033). The market is driven by increased health consciousness, expanding domestic consumption, and favorable export opportunities.
Cashew consumption in India is no longer limited to festive offerings. Urban dietary shifts, convenience-oriented packaged snacks, and increased demand for plant-based and nutrient-dense products are reshaping the cashew industry. India is also a major exporter to the United States, United Arab Emirates, Netherlands, Japan, and Vietnam—making it a critical player in the global cashew value chain.
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? Key Growth Drivers
? Changing Consumption Patterns
Cashews are shifting from being festive treats to everyday pantry essentials in urban India. Modern retail formats, e-commerce growth, and consumer inclination towards premium, ready-to-eat snacks are fostering consistent demand. Flavored, roasted, and spiced variants further enhance cashew’s appeal.
? Product Innovation
Manufacturers are introducing value-added cashew products—from cashew butter and milk to organic, masala-coated, and honey-roasted snacks—in response to growing demand for both taste and health benefits. Innovation is enabling penetration into vegan, lactose-intolerant, and wellness-focused consumer segments.
? Health and Wellness Trends
Cashews are rich in monounsaturated fats, copper, zinc, magnesium, and antioxidants, which align with rising consumer interest in clean-label, heart-healthy, and plant-based foods. Cashew-derived products such as non-dairy cheese and energy bars are gaining popularity in both domestic and international wellness markets.
⚠️ Key Challenges
? Outdated Processing Technology
Traditional, labor-intensive shelling and grading methods still dominate in small and medium cashew processing units. This limits scalability, consistency, and efficiency. Countries like Vietnam, with automated technology, outpace Indian processors in global competitiveness.
?? Labor Shortages and Skill Gaps
Manual shelling and peeling jobs face declining interest due to difficult working conditions, potential health risks (e.g., skin irritation), and lack of career appeal for younger generations. The resulting labor shortages and skill deficits are inflating costs and limiting production.
? Regional Cashew Markets
? Maharashtra
- Contribution: ~25% of India’s cashew output
- Key districts: Ratnagiri, Sindhudurg, Kolhapur
- Challenges: Climate instability, pest outbreaks, dependence on imported raw nuts
- Initiatives: Expansion of cashew cultivation by 12,000 hectares in 3 years; focus on high-density and organic farming
- Value-addition goals: Promotion of cashew wine and juice to boost farmer incomes by 20%
? Kerala
- Status: Previously a global leader; now ranked 5th in production
- Production vs Demand: 83,000 MT vs 600,000 MT
- Workforce: 95% women in the sector
- Challenges: Declining area under cultivation, high operational costs
- Solutions: Import of raw nuts from Africa, partial mechanization to retain labor and boost productivity
? Global Outlook: Vietnam's Dominance
Vietnam continues to be the largest processor and exporter of cashew kernels, processing over 80% of global cashew supplies. In 2024, it exported over 730,000 tons, generating $4.37 billion. High levels of automation and efficient logistics infrastructure keep Vietnam ahead, despite rising freight costs and tightening raw material supplies.
? India Cashew Export Market (by Country)
Country | Key Insights |
UAE | Major re-export hub; high demand for premium cashew snacks |
Netherlands | Entry point to Europe; strict quality and organic standards |
Japan | Focus on clean-label and wellness-oriented consumption |
Saudi Arabia | High per capita nut consumption; festive demand |
Vietnam | Imports raw nuts from India for reprocessing and re-export |
Others | Includes US, Germany, and South Korea |
? Cashew Production by Indian States
State | Highlights |
Maharashtra | Largest producer; emphasis on high-yield and organic types |
Andhra Pradesh | Expanding processing units in Visakhapatnam belt |
Odisha | Focus on tribal empowerment and cashew cooperatives |
Karnataka | Innovation in pest-resistant varieties |
Tamil Nadu | Supports high-density plantations and export clusters |
Kerala | Mechanization and raw nut import strategy |
Others | Goa, West Bengal, and Jharkhand on rise |
? Key Companies – Competitive Landscape
Company Name | Key Highlights |
Wonderland Foods | Expanding presence in e-commerce; flavored cashew range is popular |
Kalbavi Cashews | Strong South India network; focus on export-ready packaging |
Britannia Industries | Uses cashews in biscuits, dairy-free spreads, and snack bars |
Haldiram’s | Cashew snacks and sweets dominate retail chains across India and the Middle East |
Each company is analyzed in terms of:
- Key Person
- Overview
- Revenue Analysis
- Recent Developments & Strategy
? India Cashew Market – Table of Contents (TOC)
- Introduction
- Market Size (2024–2033)
- Growth Drivers and Trends
- Challenges and Restraints
- Regional Analysis
- Maharashtra
- Kerala
- Other States
- Export Market Analysis
- By Country
- Competitive Landscape
- Company Profiles
- Market Forecast & Future Opportunities
- Policy and Government Support
- Investment and Innovation Landscape
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? Press Release Summary
India Cashew Market Set to Reach US$ 3.31 Billion by 2033, Driven by Health Trends and Global Demand
New Delhi, June 2025 – According to a new report by Renub Research, the India Cashew Market is expected to grow at a CAGR of 4.25%, reaching US$ 3.31 billion by 2033. This growth is attributed to rising health consciousness, increased domestic and export consumption, and innovative product launches.
India's cashew sector is undergoing a transformation with modernization efforts, increasing use in health-conscious foods, and strong export channels to the UAE, Japan, Netherlands, and Vietnam. Despite challenges such as outdated processing technology and labor shortages, states like Maharashtra and Kerala are ramping up cultivation and processing efforts.
Product innovation in the form of cashew milk, butter, and flavored snacks continues to open new revenue streams. With support from initiatives like MIDH and RKVY, India is poised to strengthen its leadership in the global cashew market.
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