
Africa Cashew Market Report and Forecast 2025-2034
Description
The Africa cashew market size reached approximately USD 823.28 Million in 2024. The market is further projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching a value of USD 1242.30 Million by 2034.
Key Trends in the Market
Cashews refer to nuts that are a rich source of minerals and proteins, oil, healthy fats, fibres, antioxidants, zinc, phosphorus, copper, and magnesium. They are commonly used in baked goods, dairy products, and beverages, among others, and can also be consumed as such.
The EMR’s report titled “Africa Cashew Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
White cashews are expected to account for a significant Africa cashew market share over the forecast period. These cashews have a higher nutritional content as opposed to their scorched counterparts and are often snacked upon after they are roasted and salted. These cashews are also used in biscuit and chocolate factories. Increasing demand from countries including China and the United States, among others, due to rising incorporation of cashews in sweet and savoury food products is further aiding the segment growth.
Market Share by Country
Tanzania is anticipated to account for a significant share of the market in the coming years. The diverse agro-climatic conditions of the country are most suitable for cashew cultivation. Due to the social effects and economic benefits offered by cashew cultivation, the activity has become immensely popular in the country. The increased consumption of cashews and cashew-based products due to growing awareness about the high polyphenol and carotenoid content, the antioxidants that aid in fighting oxidative cell damage is boosting the Africa cashew market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa cashew market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Olam International Limited
Olam International Limited. is a leading agri-business that supplies ingredients, food, and feed to consumers around the globe. The company sources, stores, distributes, and transports coffee, cocoa, and cashews, among others.
ECOM Agroindustrial Corp. Limited
ECOM Agroindustrial Corp. Limited, headquartered in Switzerland, is a processing and commodity trading company that specialises in the production of cocoa, cotton, and coffee, among others. They are also the supplier and supply chain manager of semi-processed and raw agricultural commodities.
Tan Mondial Pte Ltd.
Tan Mondial Pte Ltd., headquartered in Singapore, is a soft agriculture commodity company that is operating across the continents of Asia and Africa and is known for providing cashews, shea nuts, timber, sesame, and coffee, among others.
Other market players include ETC Group, Driffield Trading Company Limited, Africa Negoce Industries, Gombella Integrated Services Limited, Still Morris Consults Ltd., Welli Farms Limited, Malvaceae Limited, Vainqueur Agro SARL, and Enkay Indo Nigerian Ind. Ltd, among others.
Key Trends in the Market
Cashews refer to nuts that are a rich source of minerals and proteins, oil, healthy fats, fibres, antioxidants, zinc, phosphorus, copper, and magnesium. They are commonly used in baked goods, dairy products, and beverages, among others, and can also be consumed as such.
- The increased consumption of cashews due to increased adoption of plant-based diets is a key trend fuelling the Africa cashew market growth. The changing eating patterns can be attributed to the growing awareness about the various health benefits associated with plant-based products including reduced inflammation, maintenance of healthy weight, and high fibre content, among others.
- Introduction of various government policies to support the production, processing, and export of cashews is another major factor aiding the market expansion in Africa. Some of the policies also aim to ensure that farmers have access to quality seedings and technologies and infrastructure for cultivating high quality cashews.
- Increased consumption of cashew butter due to its thick and creamy texture is another major factor aiding the market expansion. Due to its creamy nature, cashew butter is used as a key ingredient in various sauces, soups, and dips and as spreads on crackers or as dressings on salads.
The EMR’s report titled “Africa Cashew Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- White
- Scorched
- Dessert
- Wholes
- Pieces
- South Africa
- Egypt
- Nigeria
- Tanzania
- Others
White cashews are expected to account for a significant Africa cashew market share over the forecast period. These cashews have a higher nutritional content as opposed to their scorched counterparts and are often snacked upon after they are roasted and salted. These cashews are also used in biscuit and chocolate factories. Increasing demand from countries including China and the United States, among others, due to rising incorporation of cashews in sweet and savoury food products is further aiding the segment growth.
Market Share by Country
Tanzania is anticipated to account for a significant share of the market in the coming years. The diverse agro-climatic conditions of the country are most suitable for cashew cultivation. Due to the social effects and economic benefits offered by cashew cultivation, the activity has become immensely popular in the country. The increased consumption of cashews and cashew-based products due to growing awareness about the high polyphenol and carotenoid content, the antioxidants that aid in fighting oxidative cell damage is boosting the Africa cashew market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa cashew market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Olam International Limited
Olam International Limited. is a leading agri-business that supplies ingredients, food, and feed to consumers around the globe. The company sources, stores, distributes, and transports coffee, cocoa, and cashews, among others.
ECOM Agroindustrial Corp. Limited
ECOM Agroindustrial Corp. Limited, headquartered in Switzerland, is a processing and commodity trading company that specialises in the production of cocoa, cotton, and coffee, among others. They are also the supplier and supply chain manager of semi-processed and raw agricultural commodities.
Tan Mondial Pte Ltd.
Tan Mondial Pte Ltd., headquartered in Singapore, is a soft agriculture commodity company that is operating across the continents of Asia and Africa and is known for providing cashews, shea nuts, timber, sesame, and coffee, among others.
Other market players include ETC Group, Driffield Trading Company Limited, Africa Negoce Industries, Gombella Integrated Services Limited, Still Morris Consults Ltd., Welli Farms Limited, Malvaceae Limited, Vainqueur Agro SARL, and Enkay Indo Nigerian Ind. Ltd, among others.
Table of Contents
100 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Cashew Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Cashew Historical Market (2018-2024)
- 5.3 Global Cashew Market Forecast (2025-2034)
- 5.4 Global Cashew Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Africa Cashew Market Overview
- 6.1 Key Industry Highlights
- 6.2 Africa Cashew Historical Market (2018-2024)
- 6.3 Africa Cashew Market Forecast (2025-2034)
- 7 Africa Cashew Market by Type
- 7.1 White
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Scorched
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Dessert
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Africa Cashew Market by Form
- 8.1 Wholes
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Pieces
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Africa Cashew Market by Country
- 9.1 South Africa
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Egypt
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Nigeria
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Tanzania
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 11 Trade Data Analysis (HS Code - 80132)
- 11.1 Major Importing Countries
- 11.1.1 By Volume
- 11.1.2 By Value
- 11.2 Major Exporting Countries
- 11.2.1 By Volume
- 11.2.2 By Value
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Olam International Limited.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 ECOM Agroindustrial Corp. Limited
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Tan Mondial Pte Ltd.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 ETC Group
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Driffield Trading Company Limited
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Africa Negoce Industries
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Gombella Integrated Services Limited
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Still Morris Consults Ltd.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Welli Farms Limited
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Malvaceae Limited
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Vainqueur Agro SARL
- 13.5.11.1 Company Overview
- 13.5.11.2 Product Portfolio
- 13.5.11.3 Demographic Reach and Achievements
- 13.5.11.4 Certifications
- 13.5.12 Enkay Indo Nigerian Ind. Ltd.
- 13.5.12.1 Company Overview
- 13.5.12.2 Product Portfolio
- 13.5.12.3 Demographic Reach and Achievements
- 13.5.12.4 Certifications
- 13.5.13 Others
Pricing
Currency Rates
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