Brazil Cashew Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 165 Thousand |
| Market Size (2029) | USD 199 Thousand |
| CAGR (2024 - 2029) | 3.80 % |
Brazil Cashew Market Analysis
The Brazil Cashew Market size is estimated at USD 165 thousand in 2024, and is expected to reach USD 199 thousand by 2029, at a CAGR of 3.80% during the forecast period (2024-2029).
Cashew, a perennial tree native to Brazil, is a significant contributor to the global cashew nut market. Brazil ranks among the world's leading producers and exporters of cashew nuts. According to FAOSTAT data, global cashew nut production reached 3,313.4 thousand metric tons in 2022, with Brazil contributing 147.1 thousand metric tons, accounting for 3.82% of the world's total production. The country's favorable climate and geographical conditions support abundant cashew nut yields during the harvest season. Brazil's northeastern regions, including Ceara, Piaui, and Rio Grande do Norte, benefit from a tropical climate characterized by high temperatures and adequate rainfall, providing optimal conditions for cashew tree cultivation. This combination of sunlight and precipitation fosters the growth of healthy trees, resulting in consistent and bountiful cashew nut harvests annually.
Brazil produces high-quality cashew nuts known for their nutritional value. Careful cultivation and quality control processes contribute to the production of premium cashews. These nuts contain healthy fats, vitamins, minerals, and antioxidants, offering nutritional benefits. Cashew consumption is price-sensitive, with changes in cost directly affecting consumer demand. Cashew kernels are commonly consumed as roasted and salted snacks or used as ingredients in chocolate and ice cream products.
Brazil ranks among the world's leading producers of cashew gum, with an annual output of 50 tons. Cashew gum is a complex heteropolysaccharide derived from Anacardium occidentale L., a plant native to Venezuela and northeastern Brazil. This versatile substance finds applications in various industries, including pharmaceuticals, food production, cosmetics, adhesives, and more recently, nanotechnology. Thereby, further popularizing the cashew in the country.
Moreover, Brazil maintains its position as one of the major cashew nut exporter, with global demand for its product. According to the ITC Trade Map, Brazil exported 12,011.8 metric tons of cashew nuts in 2023, valued at USD 68,527 thousand. The United States served as the primary destination, accounting for 36.2% of the export value. The increasing demand for Brazilian cashew production and exports is projected to drive market growth during the forecast period.
Brazil Cashew Market Trends
Increasing Cashew Production owing to various Food Applications
Cashews play a significant role in Brazilian cuisine, valued for their versatility and nutritional benefits. Both raw and roasted varieties are popular snacks, offering a distinctive texture and flavor. They are also a key ingredient in various culinary applications, including baked goods, confectioneries, and traditional dishes. Cashews are prized for their high content of monounsaturated fats, vitamins, and minerals, which contribute to cardiovascular health and overall wellness. Beyond their nutritional value, cashews are essential in cultural foods such as Tijuana, a beverage made from cashew apple juice, and cashew wine, a traditional fermented drink. Due to their adaptability to various dishes and dietary requirements, cashews remain a fundamental component of Brazilian culinary culture.
In addition, Cashews serve as a significant ingredient in Brazilian confectionery, contributing a distinctive nutty flavor and textural element to various traditional sweets. Notable examples include Brigadeiro de Castanha de Caju, a variation of the classic brigadeiro that incorporates cashew nuts in place of chocolate sprinkles. Cajuzinho, another popular confection, is crafted to resemble small cashew apples and consists of a mixture of cashew nuts, sugar, and sweetened condensed milk, often finished with a sugar coating. Doce de Caju, a traditional sweet, features cashews simmered in sugar syrup until they achieve a soft, caramelized consistency. These desserts exemplify the versatility of cashews in Brazilian culinary traditions, demonstrating their capacity to enhance both flavor profiles and textural attributes. Cashew-based confections are prevalent in both celebratory events and everyday consumption throughout Brazil.
According to the Brazilian Institute of Geography and Statistics, Ceara was the leading cashew nut-producing state in 2022, with a production of nearly 95.7 thousand metric tons. Piaui ranked second, producing 21.6 thousand tons in the same year. The total production of cashew nuts in Brazil reached 147.1 thousand tons in 2022. The high demand for cashew nuts in Brazil is driven by the ongoing trend towards healthier nutrition and a strong preference for sustainably produced foods. This demand is further fueled by the rapidly increasing popularity of healthy snack products, which is anticipated to boost the Brazilian cashew market during the forecast period.
Brazil Leads in the Export of Cashew
Brazil stands as a leading global exporter of cashew nuts. The country's cashew exports are driven by increasing domestic demand, fueled by a growing focus on healthy nutrition and a preference for sustainably produced foods. Additionally, the rising global demand for snack products contributes to this trend. The competitiveness of Brazilian cashew exports in the international market is likely to depend on the sector's performance and its ability to adapt to consumer requirements, given the strong correlation between demand and prices. According to the ITC Trade Map, Brazil's cashew export volume increased from 10,026 metric tons in 2022 to 12,011.8 metric tons in 2023. The United States remains the largest importer of Brazilian cashews, importing 4,388 metric tons valued at USD 24,828 thousand in 2023. Other significant importers in 2023 included the Netherlands, Canada, Argentina, Germany, and Chile.
The export process primarily relies on sea transportation, with major ports such as Fortaleza, Natal, and Recife managing the majority of cashew shipments. Brazil's cashew industry has maintained its market position despite challenges including fungal diseases and labor shortages. This resilience is attributed to the implementation of advanced agricultural practices and innovations focused on enhancing yield and quality.
The Brazilian cashew industry receives substantial government support and infrastructure investment, which aids in mitigating challenges. Research and development programs, coupled with subsidies for small-scale farmers, are instrumental in sustaining and expanding the industry. The Brazilian government implements various initiatives to enhance productivity, ensure sustainability, and improve market access in the cashew sector. Notable programs include the Agricultural Activity Guarantee Program (Proagro), which provides financial assistance to farmers for mitigating climate risks and improving crop yields, and the Rural Insurance Premium (PSR) Subsidy Program, which facilitates farmers' access to rural credit for cashew cultivation.
Cashew trees are cultivated in numerous tropical regions worldwide, where both the nuts and peduncles are harvested, processed, and exported to various countries. The cashew has diverse applications, serving as a nutritious component in animal and human diets, while its valuable nut oil finds use in industrial processes. Although originating in Brazil, cashew is now extensively cultivated across tropical areas globally. More than 14% of domestic production is exported to major international markets, primarily as natural cashew kernels of various grades and sizes, including some organic varieties.
Brazil Cashew Market News
- July 2024: Cajuina Sao Geraldo, a beverage company from Ceara in northeastern Brazil, partnered with CANPACK to introduce its flagship cashew soda, Sao Geraldo, in 350ml recyclable aluminum cans for the first time. Cajuína Sao Geraldo, a soda containing 5 percent juice from native cashew fruits, is highly popular in Brazil's northeastern states. The distinctive flavor comes from the cashew fruit itself, rather than the more commonly known cashew nuts.
- July 2024: Suprema Caju, located in Pacajus, Ceara, has received support from Agro.BR, a project initiated by the Brazilian Confederation of Agriculture and Livestock (CNA) and the Brazilian Trade and Investment Promotion Agency (APEX-Brasil). Agro.BR's objective is to broaden Brazil's export portfolio by offering resources and assistance to rural entrepreneurs. This collaboration has enabled Suprema Caju to access new markets and opportunities, strengthening its position in the global cashew market.
Brazil Cashew Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Healthy Snacks
4.2.2 Technological Advancements in Cashew Cultivation
4.2.3 Rising Export Oppurtunities
4.3 Market Restraints
4.3.1 High Price Volatility
4.3.2 Climate related Constraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 Brazil
5.1.1.1 Production Analysis (Volume)
5.1.1.2 Consumption Analysis (Value and Volume)
5.1.1.3 Import Market Analysis (Value and Volume)
5.1.1.4 Export Market Analysis (Value and Volume)
5.1.1.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Cashew Industry Segmentation
Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before being eaten. Brazil cashew market report offers Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis. The report offers market estimation and forecasts in value in USD and volume (Metric Tons) for the above-mentioned segments.
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Brazil Cashew Market Research Faqs
How big is the Brazil Cashew Market?
The Brazil Cashew Market size is expected to reach USD 165 thousand in 2024 and grow at a CAGR of 3.80% to reach USD 199 thousand by 2029.
What is the current Brazil Cashew Market size?
In 2024, the Brazil Cashew Market size is expected to reach USD 165 thousand.
What years does this Brazil Cashew Market cover, and what was the market size in 2023?
In 2023, the Brazil Cashew Market size was estimated at USD 158.73 thousand. The report covers the Brazil Cashew Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Cashew Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Cashew Industry Report
Statistics for the 2024 Brazil Cashew market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Cashew analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Brazil Cashew Market Report Snapshots
