The production of inshell raw cashew in India was 758,410 metric ton in 2019 and is expected to register a CAGR of 2.1% during the forecast period, 2020-2025.India is the major cashew growing country in the Asia-Pacific, positioned as the largest producer of raw cashew nut (RCN) globally with 5.5 lakh metric tons 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.
Key Market Trends
Increasing Exports of Shelled Cashew
India has been the top exporter in global shelled cashew trade, accounting for more than 15% of the export in the last four years. Indian rice caters to UAE, Japan, Netherlands, Saudi Arabia, and others. With the increasing demand for cashew globally, exports are increasing from India. 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 tons 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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