The North American Cashew Nuts Market size was valued at USD 1.43 billion in 2023, and the market size is expected to be valued at USD 1.5 billion in 2024 and reach USD 2.15 billion by 2032. The market's promising CAGR for the predicted period is 4.6%.
The cashew nut, often called a cashew, is a widely consumed dry fruit. It is eaten on its own, processed into cashew butter or cashew cheese, or is used in recipes. The shell of the cashew seeds yields derivatives that can be used in many applications, such as paints, lubricants, waterproofing, and arms production. The cashew apple is a yellow to light reddish fruit whose pulp can be processed into an astringent, sweet fruit drink or distilled into a liquor. Cashew nuts are rich in protein, dietary fiber, and antioxidants and moderate amounts of polyunsaturated fats and heart-healthy monounsaturated fat, these essential fatty acids raise the levels of good high-density lipoprotein cholesterol and lower harmful low-density lipoprotein cholesterol in the blood composition. They are rich in various essential minerals like magnesium, potassium, calcium, copper, iron, zinc, and phosphorus. Cashew nuts are also rich in vitamins such as vitamin C, vitamin E, vitamin B1, vitamin B2, vitamin B3, vitamin B6, and vitamin K.
The driving factors of the North American cashew nuts market are the growing demand for convenience foods and ready-to-eat snacks. Availability of various flavors, including butter, pepper, smoky, and salted, has driven the sales of organic cashew nuts. Consumers are increasingly adopting a vegan lifestyle and opting for healthy substitutes for meat and dairy. Other factors attributable to the high growth include the increasing number of working women, a rise in per-capita health expenditure, rapid urbanization and growth in the middle-class population. The presence of several natural ingredients in cashew nuts, along with rising awareness regarding health benefits, is expected to contribute significantly to the growth of this market in the forecast period.
North America is the leading market for cashew nuts in the world, followed by Europe and the Asia-Pacific region. The United States has the largest share of cashew nuts in the North American region. Factors such as growing demand for convenience foods and rising awareness about their health benefits are expected to drive market growth in the region.
Ajanta Industries, Achal Cashew nuts, Agrocel Industries, ALIEN GREEN, BATA FOOD, Cascade Agroindustrial S.A., CBL Natural Foods (PVT) LTD., DIVINE FOODS, Delphi Organic, Aryan International and Tierra Farm are some of the major players in the North America cashew nuts market.
Frequently Asked Questions
Cashew nuts are kidney-shaped nuts harvested from the cashew tree, native to Brazil but now cultivated in various tropical regions worldwide. They are commonly consumed as a snack, used in culinary applications, or processed into cashew butter, milk, or oil
Cashew nuts are nutrient-dense and contain healthy fats, protein, vitamins, and minerals such as magnesium, phosphorus, and zinc. They are associated with various health benefits, including heart health support, improved bone and joint health, and enhanced immune function due to their antioxidant properties.
In North America, cashew nuts are primarily consumed as a snack, either roasted and salted or incorporated into trail mixes and snack bars. They are also used as a topping for salads, oatmeal, and yogurt or as an ingredient in savory dishes, desserts, and baked goods.
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