The Asia-Pacific Cashew Nut Kernel Market is expected to witness market growth of 5.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia-Pacific 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 $1.09 billion by 2031. The Japan market is showcasing a CAGR of 4.8% during 2024-2031. Additionally, the India market would register a CAGR of 6.1% during 2024-2031.
The market for cashew nut kernels has experienced significant growth over the past several decades, propelled by rising consumer demand, technological innovations, and the expansion of trade. Cashew nuts, scientifically known as Anacardium occidentale, are widely consumed as a nutritious snack and an essential ingredient in various food products.
Moreover, native to Brazil, cashew cultivation has expanded across tropical regions, particularly in India, Vietnam, Ivory Coast, Nigeria, and Indonesia, among the leading producers and exporters of cashew kernels. The growing recognition of the nutritional advantages of cashew nuts, their varied applications within the food and beverage sector, and the escalating embrace of plant-based diets have substantially driven market growth.
China's demand for cashew nuts has surged significantly, propelled by the expansion of its middle class, urbanization, and a rising inclination towards healthy, imported treats. The Chinese government’s Healthy China 2030 policy emphasizes balanced diets, indirectly boosting nut consumption. Additionally, the General Administration of Customs of China (GACC) has streamlined import procedures for high-quality cashews, making them more accessible to consumers.
The China market dominated the Asia-Pacific 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 $1.09 billion by 2031. The Japan market is showcasing a CAGR of 4.8% during 2024-2031. Additionally, the India market would register a CAGR of 6.1% during 2024-2031.
The market for cashew nut kernels has experienced significant growth over the past several decades, propelled by rising consumer demand, technological innovations, and the expansion of trade. Cashew nuts, scientifically known as Anacardium occidentale, are widely consumed as a nutritious snack and an essential ingredient in various food products.
Moreover, native to Brazil, cashew cultivation has expanded across tropical regions, particularly in India, Vietnam, Ivory Coast, Nigeria, and Indonesia, among the leading producers and exporters of cashew kernels. The growing recognition of the nutritional advantages of cashew nuts, their varied applications within the food and beverage sector, and the escalating embrace of plant-based diets have substantially driven market growth.
China's demand for cashew nuts has surged significantly, propelled by the expansion of its middle class, urbanization, and a rising inclination towards healthy, imported treats. The Chinese government’s Healthy China 2030 policy emphasizes balanced diets, indirectly boosting nut consumption. Additionally, the General Administration of Customs of China (GACC) has streamlined import procedures for high-quality cashews, making them more accessible to consumers.
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
- China
- Japan
- India
- South Korea
- Australia & New Zealand
- Malaysia
- Rest of Asia-Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia-Pacific Cashew Nut Kernel Market by Type
Chapter 5. Asia-Pacific Cashew Nut Kernel Market by Product
Chapter 6. Asia-Pacific Cashew Nut Kernel Market by Distribution
Chapter 7. Asia-Pacific 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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