Organic Cashew Market to Grow with a CAGR of 3.6% through 2029
Global Organic Cashew Market
is thriving due to the factors such as health-conscious consumer trends,
sustainability preferences, and enhanced market accessibility.
According to
TechSci Research report, “Organic Cashew Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, Global Organic Cashew Market was valued at USD 12.9 billion in 2023 and is expected to reach USD 15.9 billion by 2029 with a CAGR of 3.6% during the forecast period. The
global organic cashew market has experienced significant growth driven by a
surge in consumer demand for healthier, organic food options. Cashew nuts,
renowned for their nutritional benefits and versatile applications, have seen a
rise in organic production and consumption worldwide. This growth is attributed
to evolving consumer preferences, increased awareness of health benefits
associated with organic foods, and a shift toward sustainable and
environmentally friendly agricultural practices.
Growing
awareness of health and wellness has led consumers to seek organic
alternatives. Organic cashews, being free from synthetic pesticides and
chemicals, appeal to health-conscious consumers looking for natural,
nutrient-rich snacks and ingredients. The shift toward organic farming practices aligns with the global movement toward sustainability. Organic cashew cultivation emphasizes eco-friendly approaches, such as reduced chemical use, crop rotation, and biodiversity preservation, contributing to environmentally sustainable production. Increased consumer awareness and preference for organic foods have fueled the demand for organic cashews. This trend is not limited to affluent markets but also extends to emerging economies, reflecting a global inclination toward healthier and environmentally sustainable food choices. Countries like India, Vietnam, Indonesia, and the Philippines are significant players in the organic cashew market. These nations benefit from favorable climatic conditions and suitable terrains for cashew cultivation. Their organic farming practices and substantial production volumes contribute significantly to the global supply chain. African countries, including Nigeria, Tanzania, and Ivory Coast, are major contributors to the global cashew production. While organic farming is relatively nascent in some regions, initiatives to adopt organic practices are gaining traction, positioning Africa as a potential hub for organic cashew production. Obtaining and maintaining organic certifications can be a challenge for cashew farmers. Compliance with stringent organic standards requires substantial investments and adherence to specific guidelines, posing hurdles, especially for small-scale farmers. Accessing global markets and establishing robust distribution networks for organic cashews can be challenging. Developing efficient supply chains and meeting quality standards for exports are critical factors for market penetration.
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"Global Organic Cashew Market”
The global organic
cashew market is segmented into type, application, distribution channel, and
region.
Based on type, the whole segment has asserted its dominance in the global
organic cashew market. The whole cashew nut kernels serve as the primary
product driving the segment's dominance. Renowned for their nutritional
profile, rich flavor, and versatility in culinary applications, organic whole
cashew nuts are a popular choice among health-conscious consumers. They serve
as a premium snack and find extensive usage in a variety of cuisines, from
savory dishes to confectionery and bakery items. Apart from the nut kernels, the cashew segment includes other parts of
the cashew fruit, such as shells and by-products. Cashew shells, although not
suitable for consumption due to their toxic nature, have found utility in
various industries. The cashew industry uses shells for the extraction of
cashew nutshell liquid (CNSL), which finds applications in varnishes, resins,
friction linings, and even as an additive in some industries. The utilization
of cashew by-products, beyond just the nut kernels and shells, is gaining
traction in the market. Research and innovative practices are exploring ways to
extract value from cashew apples, turning them into juice, jams, or alcoholic
beverages. These efforts contribute to the segment's dominance by maximizing
the usage and value derived from the entire cashew fruit. The increasing demand for organic cashews presents an opportunity for innovation in processing and packaging. Investments in modern processing facilities and innovative packaging methods to ensure freshness and quality can enhance market competitiveness.
Major companies
operating in global Organic Cashew market are:
- Delphi Organic GmbH
- Divine Foods, LLC
- Tierra Farm
- BardakciGroup (Bata Food)
- Aryan Group
- CBL Natural Foods Pvt. Ltd.
- Olam Group Limited
- Agrocel Industries Pvt. Ltd.
- Cashew Coast
- Achal Cashews Pvt Ltd.
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“The global
organic cashew market exhibits promising growth prospects driven by evolving
consumer preferences, sustainable agricultural practices, and increasing demand
for organic products. Asia-Pacific and African regions hold significant
potential as key producers of organic cashews, while challenges such as
certification requirements and market access need to be addressed. As the trend
toward organic and healthier food choices continues, the organic cashew market
is poised for further expansion and innovation, contributing to the global
organic food industry's growth trajectory.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Organic Cashew Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Whole, Powder, Roasted, Paste, Splits, Others), By Application (Bakery
Products, Confectionery Products, Dairy Products, Desserts, Beverages, Others),
By Distribution Channel (Online and Offline), By Region & Competition,
2019-2029F", has evaluated the future growth potential of global organic
cashew market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global organic cashew market.
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