In the year 2025, the Processed Cashew Market valued at approximately USD 5,925.7 million and is expected to grow to USD 10,413.5 million by 2035, thereby experiencing an annual growth rate of 5.2%.
| Attribute | Details |
|---|---|
| Estimated Market Value (2025) | USD 5,925.7 million |
| Projected Market Value (2035) | USD 10,413.5 million |
| CAGR (2025 to 2035) | 5.2% |
The chief vector for the entry of the newly crafted cashew-based products in the food and beverage applications market is the rise in awareness concerning health issues among consumers pushing them to seek alternatives to such products containing animal proteins.
Further, the prevalence of vegetarianism and veganism with the associated growth of the knowledge regarding the health-related advantages of cashews also supports the market growth. The versatile cassava has been treated as a snack item which has various forms such as making, mixing, and using to enhance flavors with the production of protein bars, dairy products, and bakery goods which is the driving force of its growth in different sectors.
The market of processed cashew is tremendously growing because of the health-conscious consumers that are increasingly preferring nuts and the usage of cashews in multiple food products like protein bars, dairy alternatives, and bakery items. Cashews, which are recognized for their nutritional value such as healthy fats, protein, and essential vitamins, have become a must-have ingredient in many processed food products.
Market leaders including Shivam Cashew Industry, Grau Nuts, and Mineral & General Co. Ltd. govern the sector with a total of 10-20% of market share. These companies come first with their large production capacities, a strong global distribution network, and extensive ranges of cashew-based products such as flour, paste, and butter.
As more and more sectors are inclined towards introducing better and plant-based products, the processed cashew market is expected to have a steady growth in the future.
The increasing demand for plant-based and healthier food products
With the new trend for plant-based foods and diet's health-conscious people, cashews have gained recognition due to their good protein sources, high fiber content, healthy fats, and their application in various fields especially in dairy-free and protein bars.
The rise in the demand for Clean-Label and Organic products
As consumers increasingly prefer natural and organic products, the demand for organic processed cashews is rising. Companies offering organic cashews, free from synthetic additives, are positioning themselves to cater to the clean-label trend in food and beverage products.
Expansion of the Snacking and Convenience Food Market
The rise of the need for quick but nutritious snacks has boosted the industry for processed frictioned cashew nut. Cashew is more integrated into readymade food items like snacks, protein bars, and powdered drinks which follow the stay-fit narrative.
| Global Market Share 2025 | Industry Share (%) |
|---|---|
| Top 3 (Shivam Cashew Industry, Grau Nuts, Mineral & General Co. Ltd.) | 10% |
| Rest of Top 5 (Beyond, Favourite Cashews, Petrow Food Group) | 5% |
| Emerging & Regional Brands (BoYo , Proventus Agrocom Group, Sweet & Delicious Nut Co.) | 20% |
| Tier | Tier 1 |
|---|---|
| Market Share (%) | 35% |
| Key Companies | Shivam Cashew Industry, Grau Nuts, Mineral & General Co. Ltd. |
| Tier | Tier 2 |
|---|---|
| Market Share (%) | 40% |
| Key Companies | Beyond, Favourite Cashews, Petrow Food Group |
| Tier | Tier 3 |
|---|---|
| Market Share (%) | 25% |
| Key Companies | BoYo, Proventus Agrocom Group, Sweet & Delicious Nut Co. |
The growth of processed cashew products is anticipated to rise further with the continually increasing plant-based, healthy, and organic foodstuff quest by customers. North America and Europe are expected to remain the most powerful markets, but Asia-Pacific stands out with high development potential owing to its middle-class consumers' demand for more processed foods.
The growth of the brand should be ensured through the product extension by introducing new lines and through the focus on environmentally friendly practices. The future will demand e-commerce scalability and channel improvement to make a better impact for the business.
The largest market share is held by Shivam Cashew Industry, Grau Nuts, and Mineral & General Co. Ltd., collectively accounting for 10-20% of the market.
Emerging and regional brands, such as BoYo and Proventus Agrocom Group, hold approximately 20% of the Processed Cashew market share.
Startups and artisanal brands contribute to around 25% of the market share, reflecting a growing interest in niche and specialty products.
Private labels currently control about 5% of the market, as consumers often prefer established brands for quality assurance.
Market concentration is assessed as medium, with top players holding 40-60% of the market share, indicating a competitive landscape.
Key growth drivers include increasing demand for plant-based and healthier food products, rising demand for clean-label and organic products, and the expansion of the snacking and convenience food market.
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Processed Cashew Market Share Analysis
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