North America Cashew Market

North America Cashew Market Overview:

The North America cashew market size reached USD 12.39 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.94 Billion by 2033, exhibiting a growth rate (CAGR) of 4.20% during 2025-2033. The North America cashew market share is expanding due to rising consumer demand for healthy snacks, increasing adoption of plant-based diets, growing use in dairy alternatives and confectionery, expanding retail distribution, product innovation, and heightened awareness of cashew's nutritional benefits, driving market growth across multiple segments.

North America Cashew Market Trends:

Rising Demand for Plant-Based and Healthy Snacks 

The increasing consumer preference for plant-based diets and healthy snacking options is driving the North America cashew market growth. For instance, according to a recent study on July 30, 2024, the dollar sales of plant-based snacks and sweets increased by about 20% between 2022 and 2023. Notably, sales of granola bars and snacks increased by a noteworthy 32.8% year over year, while sales of plant-based popcorn increased by 6.6%, indicating consumers' desire for convenient and natural snack options. This pattern highlights the rising demand from consumers for plant-based snack substitutes. Cashews are being widely adopted as a nutritious alternative to traditional snacks due to their high protein, healthy fats, and essential nutrients. Additionally, the growing popularity of dairy-free alternatives, such as cashew milk and cashew-based cheeses, is further fueling demand. The rise of veganism and flexitarian diets, coupled with increasing awareness of the health benefits of nuts, is pushing cashew consumption across retail and foodservice sectors. 

 Expanding Applications in Food Processing and Confectionery 

Cashews are gaining prominence in the food processing industry, especially in bakery, confectionery, and dairy alternatives. Their creamy texture and mild flavor make them a preferred ingredient in premium chocolates, desserts, and plant-based food products. Additionally, the growing trend of gourmet and organic food products is boosting demand for high-quality cashews. Notably, according to a 2024 research report, 77% of younger consumers, compared to 55% of older consumers, believe that organic claims are important, indicating that Millennials and Generation Z are having a large impact on the organic sector. Value-based buying is becoming more popular, which is indicative of younger generations' increased focus on sustainability and health. By matching its goods to the beliefs and interests of these conscientious consumers, the organic business is well-positioned to meet this growing demand.  Manufacturers are also investing in innovative product formulations, including flavored and roasted cashews, to cater to evolving consumer tastes, which in turn is creating a positive impact on North America cashew market outlook.

North America Cashew Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on client type, distribution channel, application, and country.

Client Type Insights:

• Whole
• Roasted
• Powder
• Paste
• Splits

The report has provided a detailed breakup and analysis of the market based on the client type. This includes whole, roasted, powder, paste and splits.

Distribution Channel Insights:

• Supermarkets
• Retailers
• Online Stores
• Others

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets, retailers, online stores and others.

Application Insights:

• Dairy Products
• Bakery Products
• Snacks and Bars
• Confectionaries
• Cereals
• Desserts
• Beverages
• Cosmetic Products
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes dairy products, bakery products, snacks and bars, confectionaries, cereals, desserts, beverages, cosmetic products and others.

Country Insights:

• United States
• Canada

The report has also provided a comprehensive analysis of all the major regional markets, which include United States and Canada.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

North America Cashew Market News:

• On May 1, 2024, the PLANTERS® brand debuted their newest flavored cashews, salt and vinegar. Their current collection, which includes flavors like dill pickle, cinnamon brown sugar, and sea salt and rosemary, gets a tart touch with this new addition. The salt and vinegar cashews come in 5-ounce resealable packages and are now sold at Walmart and Amazon. By introducing this variety, PLANTERS® continues to innovate in the snack market, appealing to both health-conscious and flavor-seeking consumers. The product aims to satisfy consumer demand for bold and distinctive snack flavors, expanding the brand's flavored nut portfolio.

North America Cashew Market Report Coverage:

Key Questions Answered in This Report:

• How has the North America cashew market performed so far and how will it perform in the coming years?
• What is the breakup of the North America cashew market on the basis of client type?
• What is the breakup of the North America cashew market on the basis of distribution channel?
• What is the breakup of the North America cashew market on the basis of application?
• What are the various stages in the value chain of the North America cashew market? 
• What are the key driving factors and challenges in the North America cashew?
• What is the structure of the North America cashew market and who are the key players?
• What is the degree of competition in the North America cashew market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the North America cashew market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the North America cashew market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the North America cashew industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.