According to industry estimates, the Indian cashew market is valued at USD 2.28 billion in 2024 and is forecast to grow at an average rate of 4.25% per year over the next decade. By 2026, the industry's scale could reach approximately USD 2.46 billion, reflecting a steady growth trend as domestic and international demand continues to expand. Shift towards health and daily consumption One of the main drivers of growth is the changing role of cashews in the consumer diet. From a seasonal food item, cashews are increasingly seen as a daily nutritious food. Demand for plant-based products such as cashew milk, cashew cheese, and other high-protein snacks is growing markedly, thereby boosting consumption. Forecasts suggest that domestic consumption could account for nearly 40% of the total market share by 2027, indicating a strong shift towards the domestic market. Government support and strategic direction Government support continues to drive the industry. In the 2026 Federal budget, ...