How big is the cashew industry?

Cashew milk, like other plant-based products, will experience immense growth thanks to government initiatives. Therefore, the increasing use of edible nuts in functional foods and beverages to boost immunity and have a healthy body is driving the growth of the processed cashew nut market. Key players aim to expand their market presence in several countries to capitalize on the growing market demand for processed cashew nuts. The cashew tree is large and evergreen, growing to 14 meters (46 feet) tall, with a short trunk, often irregularly shaped.

According to the study, sales of processed cashew nuts are expected to have a market share of around 63% in the cashew market. In Indonesia, roasted and salted cashew nuts are called kacang mete or kacang mede, while cashew nuts are called jambu monyet (lit. Discarded cashew nuts not fit for human consumption, along with oil extraction waste from cashew nuts, can be used to feed livestock. Grafts and other modern tree management technologies are used to further improve and maintain cashew nut yields in commercial orchards.

Liquid cashew shell oil (CNSL) or cashew shell oil (CAS registration number 8007-24) is a natural resin with a yellowish sheen found in the honeycomb structure of the cashew shell and is a by-product of cashew nut processing. Since the domestic demand and exports of the cashew industry are largely dependent on the import of raw cashew nuts, the Government of India has taken several measures to support efficient supply. Depending on the type of product, coated or flavored cashew nuts are expected to be the leading product type in the global processed cashew nut market. Cashew nuts are commonly used in South Asian cuisine, whole to garnish candies or curries, or ground into a paste that forms a base of curry sauces (e.g., the culinary uses of cashew seeds for chopping and cooking are similar to those of all tree seeds called nuts).

In fact, the word cashew derives from the Tupian languages of South America, where acaju means “nut that reproduces”. The United States cashew nut market report analyzes production (volume), consumption (value and volume) and trade in terms of import (value and volume), export (value and volume) and analysis of price trends in the country. Due to the closure of cashew nut factories, value-added activities were negatively affected, leading to an increase in cashew nut prices.