Market Size of Brazil Cashew Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Brazil Cashew Market Analysis
The cashew market in Brazil is estimated to register a 3.8% CAGR during the forecast period.
- Cashew is a perennial tree with origins in Brazil. Brazil is one of the major producers and exporters of cashew nuts in the world. Although cashew farms are distributed over several states, the Northeast region accounts for over 95% of the Brazilian production, with the largest orchards located in coastal and transition zones of Ceará, Rio Grande do Norte, and Piauí states. Being very sensitive to the increase in price, which is directly passed on to consumers, the consumption of cashew is affected by the consumers' purchasing power. When cashew prices are too high, consumers switch to other nuts or types of snacks. Most cashew kernels are consumed as roasted and salted in snacks, and as ingredients in chocolate and ice cream products.
- Brazil is amongst the largest producers of cashew gum, reaching 50 tons per year. Cashew gum is a complex heteropolysaccharide obtained from Anacardium occidentale L., a plant native to Venezuela and Brazil (North and Northeast). Cashew gum can be used in manufacture of pharmaceuticals, food stuff, cosmetics, adhesive and more recently in nano-technology.
- Consumption is actively promoted by scientific research and frequent reports on the health value of nut consumption. Considerable amounts of cashew apples are also consumed fresh or processed. Brazil produces between 300-330,000MT of raw cashew nuts (equivalent to about 2.7 million MT cashew apples) per year, because the demand for cashew in Brazil is high, thus boosting the market growth. Also Brazil is the largest exporter of cahsew nut. The export volume of cashew in 2021 was 14,912 metric ton. Brazil's production and export of cashew due to rise in demand is going to drive the cashew market during the forecast year.
Brazil Cashew Industry Segmentation
Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before eaten. Brazil Cashew Market Report Offers an Analysis of Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), Price Trend Analysis and Value Chain Analysis. The report offers market estimation and forecasts in value (USD million) and volume(metric ton) for the above-mentioned segments.
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Brazil Cashew Market Size Summary
The Brazilian cashew market is a significant player in the global landscape, with Brazil being one of the leading producers and exporters of cashew nuts worldwide. The majority of cashew production in Brazil is concentrated in the Northeast region, particularly in states like Ceará, Rio Grande do Norte, and Piauí. The cashew tree, native to Brazil, thrives in poor soils and dry climates, making it an environmentally friendly crop. The demand for cashew nuts is driven by their popularity as a snack and their use in various food products, including chocolates and ice creams. The market is also bolstered by the health benefits associated with nut consumption, which are frequently highlighted in scientific research. Additionally, Brazil is a major producer of cashew gum, a versatile biopolymer used in pharmaceuticals, food, cosmetics, and nanotechnology.
The Brazilian cashew market is poised for growth, supported by a strong domestic demand and increasing export opportunities. The country's production of raw cashew nuts and cashew apples is substantial, with a significant portion of the apples being processed into products like juice, jams, and wines. The export of cashew nuts is driven by the rising global demand for healthy and sustainably-produced foods. The United States, Canada, Argentina, and the Netherlands are among the key importers of Brazilian cashew nuts. The market's expansion is further supported by infrastructure projects in the Northeast region, which aim to enhance water supply and agricultural productivity. As the market continues to evolve, the price competitiveness of Brazilian cashew exports will depend on the sector's performance and its ability to meet consumer demands.
Brazil Cashew Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 Brazil
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Value
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2.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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Brazil Cashew Market Size FAQs
What is the current Brazil Cashew Market size?
The Brazil Cashew Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
What years does this Brazil Cashew Market cover?
The report covers the Brazil Cashew Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Cashew Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
