North America Cashew Market Overview
Market Size in 2024: USD 12.39 Billion
Market Size in 2033: USD 17.94 Billion
Market Growth Rate 2025-2033: 4.20%
According to IMARC Group’s latest research publication, “North America Cashew Market Size, Share, Trends and Forecast by Client Type, Distribution Channel, Application, and Country, 2025-2033“, 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.
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Growth Factors in the North America Cashew Market
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Rising Health Consciousness:
Consumers in North America are more focused than ever on health and wellness, which is stimulating demand for healthful foods. Cashews are one of the nutrient-rich foods consumers are adding into their diet for a variety of reasons. First, cashews are full of protein, healthy fats, vitamins, and minerals such as magnesium and zinc. Cashews are often included in a plant-based diet because they are an excellent source of heart-healthy monounsaturated fat, which research has associated with lower cholesterol. As healthy, nut based snacks and items continue to grow in popularity in states such as California and New York, the demand for cashew based snacks has similarly increased. Fitness-related consumers adding cashews into their energy bars and smoothies has also stimulated demand for cashew based products growing the market for cashew-based products.
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Surge in Plant-Based Diets:
The transition to vegan and flexitarian diets is a huge growth opportunity for the North America cashew market. Cashews are highly ingredient in plant-based alternatives, including cashew milk, cashew cheese, and cashew butter, for those looking for dairy alternatives. For example, in 2023, Clean Juice launched an organic cashew milk product to take advantage of the demand for lactose-free products as consumers are increasing their preference for dairy alternatives. This trend is especially strong among younger consumers, such as Millennials and Gen Z, who are seeking sustainable and cruelty-free food choices, which is increasing the demand for cashew-based products throughout the United States and Canada.
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Expanding Retail and E-Commerce Channels:
The developing retail and e-commerce landscape enabled cashews to become more readily available and assisted market growth opportunity. Consumers can now purchase a wider variety of cashew products than ever before from supermarkets, hypermarkets and online shops. Retail grocery chains like Walmart and e-commerce giants like Amazon have increased their availability of organics and flavored cashews for retail consumers to conveniently purchase. Cashews are now available for online purchase, via subscription and bulk purchasing which has led to increased sales of cashews in general, and to urban areas of the US population such as Texas and Florida that purchase large amounts annually.
Key Trends in the North America Cashew Market
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Demand for Organic and Sustainable Cashews:
A growing trend in North America is the preference for organic and sustainably sourced cashews, driven by consumer awareness of environmental and ethical concerns. Younger generations, particularly Millennials, prioritize products with organic certifications and transparent supply chains. For instance, brands like Tierra Farm in the U.S. have gained popularity by offering organic cashews sourced from fair-trade suppliers. This trend aligns with the broader movement toward value-based buying, where consumers support brands that emphasize sustainability, boosting demand for premium cashew products in both retail and online markets.
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Innovative Product Formulations:
The cashew market is seeing a surge in innovative product formulations, such as flavored and value-added cashew products. Manufacturers are introducing varieties like chili lime, smoky, and salted cashews to cater to evolving consumer tastes. For example, in 2020, Z Natural Foods launched a dairy-free cashew milk powder, targeting vegan and lactose-intolerant consumers. These innovations are particularly popular in the snack sector, where cashews are used in trail mixes and nut bars, appealing to health-conscious consumers seeking convenient yet nutritious options, especially in urban centers like New Jersey and California.
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Increased Use in Culinary and Cosmetic Applications:
Cashews are increasingly used beyond traditional snacking, with growing applications in culinary dishes and cosmetics. In the food industry, cashews are a key ingredient in plant-based recipes, such as vegan sauces and desserts, particularly in Asian-inspired cuisines popular in North America. Additionally, the cosmetic industry is leveraging cashew oil for its hydrating and anti-aging properties, as seen in skincare products from brands like Burt’s Bees. This diversification of applications, from food to personal care, is expanding the market by attracting new consumer segments across the U.S., Canada, and Mexico.
We explore the factors propelling the north america cashew market growth, including technological advancements, consumer behaviors, and regulatory changes.
North America Cashew Industry Segmentation:
The report has segmented the market into the following categories:
Client Type Insights:
- Whole
- Roasted
- Powder
- Paste
- Splits
Distribution Channel Insights:
- Supermarkets
- Retailers
- Online Stores
- Others
Application Insights:
- Dairy Products
- Bakery Products
- Snacks and Bars
- Confectionaries
- Cereals
- Desserts
- Beverages
- Cosmetic Products
- Others
Country Insights:
- United States
- Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Future Outlook
The North America cashew market is poised for continued growth, driven by evolving consumer preferences and innovations in product offerings. As health-conscious eating and plant-based diets gain traction, cashews will remain a staple in snacks, dairy alternatives, and culinary applications. The rise of e-commerce and sustainable sourcing practices will further enhance market accessibility and appeal, particularly among younger consumers. Investments in local processing, such as those seen in partnerships with African cashew initiatives, will improve supply chain efficiency and quality. However, challenges like price volatility and competition from other nuts may require strategic adaptations to maintain growth momentum in the coming years.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
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