Organic Cashew Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

Organic Cashew Industry Prospective:

The global organic cashew market size was evaluated at $12 billion in 2022 and is slated to hit $16 billion by the end of 2030 with a CAGR of nearly 5.23% between 2023 and 2030.

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Organic Cashew Market: Overview

Organic cashew is rich in nutrients and minerals and is added to a large number of dishes. For the record, these products are associated with improving the health of individuals, loss of weight, controlling sugar in blood, and offering various health benefits. Reportedly, these products constitute antioxidants, proteins, monounsaturated fats, and dietary fibers.                  

Key Insights

• As per the analysis shared by our research analyst, the global organic cashew market is projected to expand annually at the annual growth rate of around 5.23% over the forecast timespan (2023-2030)
• In terms of revenue, the global organic cashew market size was evaluated at nearly $12 billion in 2022 and is expected to reach $16 billion by 2030.
• The global organic cashew market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for convenient diets and ready-to-eat food.
• In terms of product type, the whole segment is slated to register the highest CAGR over the forecast period.
• Based on the application, the bakery products segment is expected to dominate the segmental growth in the period from 2023 to 2030.
• Based on the distribution channel, the supermarkets & hypermarkets segment is expected to lead the segmental surge in the coming eight years.
• Region-wise, the Asia-Pacific organic cashew industry is projected to register the fastest CAGR during the assessment timeline.

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Organic Cashew Market: Growth Factors

Huge consumption of ready-to-eat foods to boost the global market expansion by 2030

Escalating demand for convenient diets and ready-to-eat food is likely to propel the expansion of the global organic cashew market. Moreover, a growing intake of salted and butter-flavored organic cashew nuts will steer the growth of the market across the globe. A rise in the preference for a vegan lifestyle and healthy alternatives for meat as well as dairy products has driven the demand for organic cashews in recent years. Citing an instance, as per Veganz, in 2020, nearly 4% of the population in Germany was found consuming a vegan diet. Reportedly, consumers are shifting from red meat and plant-based food consumption towards the intake of a diet rich in proteins such as cashew nuts.

A prominent increase in spending on healthcare activities and a huge demand for organic foods rich in protein will drive the global market trends. Mergers & acquisitions and product launches will contribute notably towards the growth of the market across the globe. For instance, in the first half of 2021, LT Foods, a key player in the rice milling sector, acquired nearly one-third of the share in leev. nu. and is anticipated to acquire more than a 20% stake in the coming five years.

Organic Cashew Market: Restraints

Less knowledge of product benefits to impede the global industry expansion over the forecast period

Lack of know-how about the benefits offered by organic cashew nuts among the population of developing nations is likely to create impediments in the expansion of the global organic cashew industry in the coming decade.  

Organic Cashew Market: Opportunities

Easy product access in supermarket & hypermarket stores to create new avenues of growth for the global market over 2023-2030

With consumers willing to pay more for organic cashews owing to their high nutritive constituents and superior quality, the market for organic cashews is anticipated to expand by leaps and bounds in the coming years. Easy availability of products in supermarkets and retail stores is likely to open a slew of growth opportunities for the global market.  

Organic Cashew Market: Challenges

A surge in the price of cashew nuts can lead to lesser product penetration in emerging economies and prove a big challenge for the industry globally

A rise in the product costs along with less arable land available for its cultivation can pose a huge challenge for the global organic cashew industry expansion. Moreover, an increase in the import duties of the product along with disruptions in the supply chain as well as the unaffordability of customers in purchasing cashew nuts in developing countries can pose a huge challenge for the global industry.  

Organic Cashew Market: Segmentation

The organic cashew market is sectored into product type, application, distribution channel, and region.                                  

In product type terms, the global organic cashew market is divided into splits, whole, roasted, powder, paste, and other segments. Furthermore, the whole segment, which amassed about 58% of the global market proceeds in 2022, is anticipated to register the highest CAGR over the period from 2023 to 2030. The expansion of the segment during 2023-2030 can be a result of the growing demand for whole cashew nuts in a plethora of food products.

Based on the application, the global organic cashew industry is sectored into dairy products, beverages, desserts, confectionery products, bakery products, and other segments. Additionally, the bakery products segment, which garnered a major chunk of the global industry share in 2022, is projected to lead the industry expansion over the forecast timeframe. The segmental expansion over the coming eight years can be attributed to the rising use of organic cashews in various types of bakery items.  

Based on the distribution channel, the global organic cashew market is separated into convenience stores, e-commerce, specialty stores, supermarkets & hypermarkets, and other segments. Furthermore, the supermarkets & hypermarkets segment, which acquired nearly half of the global market share in 2022, is predicted to lead a segmental surge over the period from 2023 to 2030. The expansion of the segment during 2023-2030 can be a result of a large-scale availability of products in supermarkets & hypermarket stores in both developed as well as emerging countries.        

Organic Cashew Market: Report Scope

Organic Cashew Market: Regional Insights

North America is predicted to retain its leading position in the global organic cashew market over the forecast period

North America, which contributed about 58% of the global organic cashew market revenue in 2022, will be a leading region over the forecast interval. Moreover, the regional market growth over the period from 2023 to 2030 can be subject to the presence of a strong farming sector in countries including the U.S. Apart from this, an increase in the sale of organic cashew nuts in the U.S. will proliferate the regional market size. Moreover, the countries such as Canada and the U.S. are projected to be the key regional revenue pockets.  

The Asia-Pacific organic cashew industry is set to record the fastest CAGR in the next eight years owing to a prominent increment in organic farming activities in countries such as China. Additionally, a rise in the demand for healthy and nutritious diets in the countries such as China, Taiwan, India Indonesia, Japan, and Singapore will embellish the growth of the regional industry.  

Key Developments

• In the first half of 2023, Forager Project, a family-owned creamery making dairy-free products, launched Cashew milk Yogurt in new packages. The move will prop up the expansion of the organic cashew business across the globe.
• In September 2022, Z Natural Foods, a key producer of high-quality natural food products, introduced Organic Matcha Green Tea Cashew Milk, thereby augmenting the growth of the organic cashew market across the globe.

Organic Cashew Market: Competitive Space

The global organic cashew market profiles key players such as:

• ACHAL
• Aryan International
• Profil Mitra Abadi
• Ajanta Industries
• Delphi Organic GmbH
• Tierra Farm
• Samruddhi Organic Farm Private Limited
• Divine Foods
• SAHYADRI CASHEW PROCESSORS
• Nature Bio-Foods Limited
• Tierra Farm

The global organic cashew market is segmented as follows:

By Product Type

• Splits
• Whole
• Roasted
• Powder
• Paste
• Others

By Application

• Dairy Products
• Bakery Products
• Desserts
• Confectionery Products
• Beverages
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• E-Commerce
• Convenience Stores
• Specialty Stores
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa