Industrial Outlook of Cashew Kernel Market by Knowledge
Cashew kernel market is expected to grow at a compound annual growth rate of 4.27%
over the forecast period to reach a market size of US$6.932 billion in 2025 from
US$5.394 billion in 2019. The USA (152591 tons), Germany (47646 tons), Netherlands
(45889 tons), United Arab Emirates (21482 tons), United Kingdom (20917 tons) were among
the top importing countries of the world based on the Import quantity of shelled cashew nuts
imported as of 2018. However, these figures are relatively lower than what was registered
against each of the importing nations in 2017 mentioned above, Viz. the USA registered an
import of 153448 tons and Germany registered an import of 53922 tons [Source: USDA].
According to Ministerie van Landbouw, Natuur en Voedselkwaliteit which is the Dutch
Ministry responsible for agricultural policy, animal welfare, fisheries, food policy, food safety,
forestry and natural conservation, prices of cashew nuts collapsed in 2018 resulting in the
decrease in import value.
Imports of cashew nuts reportedly reached a zenith during 2017 but with supply
outperforming demand to a certain extent and sales from 2017 stock being enough to meet
demand in the forts half of 2018 collectively led to the drop in import value. Nevertheless, in
Europe Germany is the largest European importer and market of cashew nuts. The
Netherlands is also the leading European re-exporter with cashew nuts, among others being
the top re-exported products. In Italy, the production of pesto requires the consumption of
pine nuts to be substituted by comparatively cheaper alternatives and cashew nuts is one of
them. In view of above, and based on the increasing consumer inclination to consume
healthy food the European cashew kernel market is expected to be driven by robust growth.
Moreover, the use of cashew nuts as snacks, in breakfast cereals and for production of
various functional food is expected