Processed Cashew Market Share Analysis Outlook From 2025 to 2035
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.
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Market Overview
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.
Key Growth Drivers
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.
Company Performance
| 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% |
Market Concentration 2025 Assessment
Segmented Analysis
By Product Type
- Flour: The largest share in the market is taken by the flour segment with about 30% market share. Cashew flour is well-known in gluten-free baking and as a base for dairy-free products. This trend is also about plant-based and allergen-free foods that are in growing demand.
- Paste: The paste segment constitutes 25%. Cashew paste is mostly used as a base for sauces, salads, and dips and is growing in popularity as an ingredient for cashew cheese and yogurt which are dairy alternatives.
- Protein Powder: Protein powder segment amounting to 20% in the market share. Cashew protein powder that is being used more often in the making of protein bars, smoothies, and dietary supplements which is due to its higher protein content and smooth texture.
- Oil: Oil holds 10% of the market share. Cashew oil is used in food and cosmetic products because it adds richness to the nutritional profile.
- Butter: Cashew butter is a 5% player in the butter segment with it being a popular alt to peanut butter for plant-based and vegan diets respectively.
- Coated/Flavored: The coated/flavored segment accounts for 5% of the market share. Flavored cashews (sweet and savory coatings among them) are becoming one of the best-selling snacks around the world.
By Nature
- Conventional: The Conventional segment alone has a 70% share in the market. Especially, conventional processed cashews are mostly available and remain one of the most cost-effective options for food manufacturers and other types of consumers.
- Organic: The organic segment holds 30% of the market share, and the rising demand is primarily driven by health-conscious consumers who prefer organic ingredients free from pesticides and synthetic additives.
By End-Use Application
- Protein Bars and Powder: The segment of protein bars and powder has the biggest piece of the cake with a share of 35% owing to the rise in demand for plant-based, high-protein snack options and meal replacements.
- Cereals and Muesli: This segment works as the 20% market share holder which is a good reason for cashews to be prevalent in cereals and granola because of their healthy crunchy and nutrition factors.
- Dairy Products: The dairy products segment holds 15% of the market share that is increasing through cashew-based products including cashew cheese, yogurt, and milk.
- Beverages: The beverages segment contributes 10% to the market share. Cashews are used in plant-based beverages like cashew smooth and milk for their creamy texture while providing high nutrition.
- Bakery & Confectionery: The bakery and confectionery segment grabs 10% of the market share with cashews being one of the ingredients used in the production of these items because of their flavor and texture.
- Others: The others segment, including applications in pet food and other specialty products, holds 10% of the market share.
By Sales Channel
- Offline Sales Channel: The offline sales channel takes the biggest piece of the pie, covering 65% of the market share. Supermarkets and convenience stores remain as the key retail outlets for processed cashew products mainly in packaged and bulk styles.
- Online Sales Channel: The online sales channel which is 35% of the market is progressing quite rapidly with e-commerce platforms offering a simple way for customers to get the cashew based products needed.
Who Shaped the Year?
- Shivam Cashew Industry: By launching organic cashew flour and cashew protein powder, Shivam Cashew Industry expanded its product range of functional foods and plant-based food ingredients. It thus catered to the increasing demand for clean-label, plant-based food ingredients.
- Grau Nuts: Grau Nuts has also launched its newest series of coated cashews with innovative flavors for greater accessibility to the snacking sector.
Key Highlights from the Forecast
- Growth in Demand for Plant-Based Products: With the greater use of plant-based diets, it is likely that the demand for cashew-based products like cashew milk, butter, and protein powders will also increase.
- Increasing Popularity of Clean-Label and Organic Foods: The demand for organic and clean-label processed cashews is increasing because of the need for healthy, sustainable options by consumers.
- Expansion of E-Commerce: Overall, the online shopping route for including niche markets such as organic and special cashew varieties, will be one of the reasons for the rise in E-commerce sales channel through cashew food market growth.
Tier-Wise Company Classification 2025
| 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. |
Key Company Initiatives
- Naturex S.A.: Naturex S.A. has come up with its new line of cashew butter to the increasing demand for plant-based spreads and snacks.
- Ingredion Incorporated: Ingredion has emerged as the first brand to ever launch cashew-based functional ingredients in the market, clean-label solutions for bakery and confectionery applications being their focal point.
Recommendations for Brands
- Invest in Clean-Label and Organic Products: With the market being flooded by ethical and clean-labelled cashew products, thereby becoming a must for the production, it is undoubted that the consumers are becoming aware of the health and environmental benefits of the food.
- Capitalize on E-Commerce: Companies must not settle simply for online growth but should also seek synergies with E-commerce platforms in their quest to offer easy and specialty food products.
- Diversify Product Offerings: Cashew companies can introduce their range of products by making almond milk without dairy, protein bars, and gluten-free baking mixes that appeal to the new consumer demand.
Future Roadmap
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.
Frequently Asked Questions
Which companies hold the largest market share in the Processed Cashew industry?
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.
What is the market share of regional brands in the Processed Cashew sector?
Emerging and regional brands, such as BoYo and Proventus Agrocom Group, hold approximately 20% of the Processed Cashew market share.
How much market share do startups and artisanal brands hold?
Startups and artisanal brands contribute to around 25% of the market share, reflecting a growing interest in niche and specialty products.
What percentage of the market is controlled by private labels in the Processed Cashew sector?
Private labels currently control about 5% of the market, as consumers often prefer established brands for quality assurance.
How is market concentration assessed in the Processed Cashew industry for the year 2025?
Market concentration is assessed as medium, with top players holding 40-60% of the market share, indicating a competitive landscape.
What are the key growth drivers for the Processed Cashew Market?
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.
