The Latin America, Middle East and Africa Cashew Nut Kernel Market is expected to witness market growth of 7.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cashew Nut Kernel Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $182.2 million by 2031. The Argentina market is registering a CAGR of 7.9% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 6.2% during 2024-2031.
Cashew apple, the fleshy fruit attached to the cashew nut, is gaining commercial value in the food and beverage industry, particularly in juices, alcoholic beverages, and fermented products. Rich in vitamin C, antioxidants, and dietary fiber, it is now processed into fresh and packaged juices sold in India, Brazil, and Mozambique by companies like Olam and Agrinut. The juice blends well with pineapple, mango, and passion fruit, increasing its appeal in tropical juice sectors.
Additionally, In the alcoholic beverage sector, the cashew apple is used to make wine and spirits, such as "Cajuína" in Brazil, "Cashew Feni" in Goa, India, and "Suma" in Guinea-Bissau. The fruit’s natural sugars and fermentation properties make it an excellent raw material for producing fruit-based alcoholic drinks, attracting interest from small-scale distillers and commercial breweries.
Raw nut exports have long dominated Tanzania’s cashew industry, but recent government interventions aim to boost local processing and empower smallholder farmers. The Tanzania Agricultural Development Bank (TADB) has launched specialized loan schemes for cashew farmers, allowing them to invest in modern processing units rather than selling raw nuts at lower prices. Additionally, the Cashew Board of Tanzania (CBT) has been working to establish farmer cooperatives, giving growers greater control over pricing and supply chain negotiations. With these efforts, Tanzania gradually shifts from a bulk exporter to a high-value cashew processor, ensuring higher earnings for local producers.
The Brazil market dominated the LAMEA Cashew Nut Kernel Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $182.2 million by 2031. The Argentina market is registering a CAGR of 7.9% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 6.2% during 2024-2031.
Cashew apple, the fleshy fruit attached to the cashew nut, is gaining commercial value in the food and beverage industry, particularly in juices, alcoholic beverages, and fermented products. Rich in vitamin C, antioxidants, and dietary fiber, it is now processed into fresh and packaged juices sold in India, Brazil, and Mozambique by companies like Olam and Agrinut. The juice blends well with pineapple, mango, and passion fruit, increasing its appeal in tropical juice sectors.
Additionally, In the alcoholic beverage sector, the cashew apple is used to make wine and spirits, such as "Cajuína" in Brazil, "Cashew Feni" in Goa, India, and "Suma" in Guinea-Bissau. The fruit’s natural sugars and fermentation properties make it an excellent raw material for producing fruit-based alcoholic drinks, attracting interest from small-scale distillers and commercial breweries.
Raw nut exports have long dominated Tanzania’s cashew industry, but recent government interventions aim to boost local processing and empower smallholder farmers. The Tanzania Agricultural Development Bank (TADB) has launched specialized loan schemes for cashew farmers, allowing them to invest in modern processing units rather than selling raw nuts at lower prices. Additionally, the Cashew Board of Tanzania (CBT) has been working to establish farmer cooperatives, giving growers greater control over pricing and supply chain negotiations. With these efforts, Tanzania gradually shifts from a bulk exporter to a high-value cashew processor, ensuring higher earnings for local producers.
List of Key Companies Profiled
- The Hershey Company
- Kellogg Company
- PepsiCo, Inc.
- John B. Sanfilippo & Son, Inc.
- Blue Diamond Growers, Inc.
- Hines Nut Company
- Germack Roasting Company, LLC
- Hampton Farms
- Diamond Cashew Products Pvt. Ltd.
- Kingfoods
Market Report Segmentation
By Type- Conventional
- Organic
- White Wholes
- Scorched Wholes
- Dessert Wholes
- White Pieces
- Other Product
- Supermarkets & Hypermarkets
- Convenience Stores
- Grocery Stores
- Online Retailers
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Cashew Nut Kernel Market by Type
Chapter 5. LAMEA Cashew Nut Kernel Market by Product
Chapter 6. LAMEA Cashew Nut Kernel Market by Distribution
Chapter 7. LAMEA Cashew Nut Kernel Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- The Hershey Company
- Kellogg Company
- PepsiCo, Inc.
- John B. Sanfilippo & Son, Inc.
- Blue Diamond Growers, Inc.
- Hines Nut Company
- Germack Roasting Company, LLC
- Hampton Farms
- Diamond Cashew Products Pvt. Ltd.
- Kingfoods
Methodology
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