The consumption of cashew in India is 1.6 million metric ton and is projected to register a CAGR of 4.0 % during the forecast period (2021-2026).Covid-19 has taken the lowest prices in the last 10 to 12 years of global raw cashew nut. The value addition activities were affected negatively as a disrupted distribution channel tends to lower the end-products of cashew nuts in the market. The extended lockdown has hit consumption in India as well as demand which is the biggest cashew consumer. The Cashew Export Promotion Council of India (CEPCI) has urged the Union government to allocate sufficient funds and put forward a few schemes to increase the production of cashews in the country, this initiative is expected to drive the cashew market. The production of in-shell raw cashew in India was 743,000 metric ton in 2019. India is the major cashew growing country in the Asia-Pacific, positioned as the largest producer of raw cashew nut (RCN) globally with 550,000 metric ton per annum. In India, cashew is grown in the peninsular areas of Kerala, Karnataka, Goa and Maharashtra, Tamil Nadu, Andhra Pradesh, Orissa, and West Bengal. Among these Kerala is the largest producing state.

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Key Market Trends

Increasing Exports of Shelled Cashew

India has been the top exporter in the global shelled cashew trade, accounting for more than 15% of the export in the last 4 years. Indian rice caters to the United Arab Emirates, Japan, the Netherlands, Saudi Arabia, and others. With the increasing demand for cashew globally, exports are increasing from India and The Cashew Export Promotion Council of India (CEPCI) has urged the Union government to allocate sufficient funds and put forward a few schemes to increase the production of cashews. This factor is helping to enhance the production capacities of cashew in India. As the cashew market in India is export-oriented, there is an immense opportunity for the growth of the market.

Increase in Production Capacities

In India, cashew is grown in an area of 1.02 million hectares, with a productivity of 706 kg/ha as of 2018. The major cashew growing Indian states are Maharashtra, Andhra Pradesh, Orissa, Kerala, and Karnataka. The approximate raw cashew nut requirement of the country is estimated to be at 4-5 million metric ton or more by 2050. In order to keep up with the rise in the domestic and export demand for cashew (the country is the largest cashew consumer worldwide, and second-largest exporter of cashew kernels), Indian companies have recently invested into the purchase of large plantations and financing and management of processing facilities in Africa.

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