India Processed Cashew Market Size (2024 - 2029)

The processed cashew market in India is experiencing growth, driven by a shift in consumer preferences towards flavored assorted cashew products, which are gaining a larger portion of the retail market. This trend is fueled by an increasing health-consciousness among consumers who are opting for healthier snack options. Despite this growth, the market size is somewhat constrained by the local population's preference for lighter, more affordable snacks for on-the-go consumption.

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Market Size of India Processed Cashew Industry

India Processed Cashew Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.33 %
Market Concentration Medium

Major Players

India Processed Cashew Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Processed Cashew Market Analysis

The Indian processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025).

  • The cashew kernel market has witnessed a rapid shift in the consumption pattern, across India, in recent years, primarily due to the flavored assorted cashew products occupying an increased share in the retail market space.
  • With rising health-consciousness, consumers are preferring to snack healthy, due to which the demand for flavored cashews is rising in India.
  • However, the cashew market in the country is expected to be hindered, as the local population prefers other lighter snacks, available at cheaper prices, for on-the-go snacking.

India Processed Cashew Industry Segmentation

The Indian processed cashew market is segmented by product type into plain/salted cashews and flavored cashews. Based on the distribution channel, the market is segmented as supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels.

By Product Type
Plain/Salted Cashews
Flavored Cashews
Black Pepper
Other Flavored Cashews
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail Stores
Other Distribution Channels
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India Processed Cashew Market Size Summary

The processed cashew market in India is experiencing significant growth, driven by a shift in consumer preferences towards flavored cashew products. This change is largely attributed to the increasing health consciousness among consumers, who are seeking healthier snacking options. Despite this trend, the market faces challenges due to the local preference for more affordable, lighter snacks for on-the-go consumption. The Indian cashew industry is predominantly export-oriented, with a substantial number of processing units operating under both organized and unorganized sectors. The plain and salted cashew segment holds a major share of the market, as these products are widely consumed for their nutritional value and versatility in food and beverage applications, particularly in Indian cuisine.

The retail landscape for processed cashews is evolving, with consumers in urban areas favoring supermarkets and hypermarkets for their purchases. These retail channels are expanding into Tier 1 and Tier 2 cities, enhancing brand visibility and offering attractive discounts on bulk purchases. Competition among manufacturers is primarily focused on quality, with a growing demand for organically-grown nuts prompting processors to source from organic farms. Packaging innovation is also a key strategy, as manufacturers aim to attract consumers through appealing designs and convenient packaging options. The introduction of flavored cashews is another tactic used to capture a larger share of the snack market in India.

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India Processed Cashew Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Plain/Salted Cashews

      2. 2.1.2 Flavored Cashews

        1. 2.1.2.1 Black Pepper

        2. 2.1.2.2 Other Flavored Cashews

    2. 2.2 By Distribution Channel

      1. 2.2.1 Supermarkets/Hypermarkets

      2. 2.2.2 Convenience Stores

      3. 2.2.3 Specialty Stores

      4. 2.2.4 Online Retail Stores

      5. 2.2.5 Other Distribution Channels

India Processed Cashew Market Size FAQs

The India Processed Cashew Market is projected to register a CAGR of 9.33% during the forecast period (2024-2029)

Delicious Cashew Co., Wonderland Foods, Greendot Health Foods Pvt. Ltd and Royal Dry Fruits Pvt Ltd. are the major companies operating in the India Processed Cashew Market.

India Processed Cashew Market Report Snapshots

Processed Cashew Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)