The global cashew market is driven by strong demand from various industries, including food processing, confectionery, and health-focused snack manufacturing. Nigeria, one of the top producers of raw cashew nuts (RCN), plays a vital role in supplying high-quality nuts to key global markets, particularly India and Vietnam, which are major processing hubs.

Global Demand and Export Trends

The cashew industry has witnessed exponential growth in the past decade, with demand fueled by rising consumer awareness of health benefits. The majority of Nigeria’s raw cashew exports are directed towards Asia, where they undergo further processing into cashew kernels before being shipped to markets in Europe and North America.
• India & Vietnam: These two nations dominate cashew processing, with Vietnam accounting for over 50% of global cashew kernel exports. Nigerian RCN is preferred due to its favorable kernel yield and high nut count per kilogram.
• Europe & North America: These regions exhibit strong demand for processed cashew kernels, consumed as snacks and used in various food applications. The U.S. and European Union enforce strict quality standards, making sourcing from reputable suppliers essential.

Nigeria’s Competitive Advantage

Nigeria’s cashew industry benefits from factors such as:
• Ideal Climate Conditions: Favorable weather supports high yields and quality nuts.
• Strong Farming Base: Thousands of small-scale farmers contribute to the sector’s growth.
• Government Support: Incentives and export policies promote increased production and global competitiveness.
As global cashew consumption rises, Nigeria’s position as a leading supplier remains strong, ensuring sustainable growth and lucrative opportunities for exporters and stakeholders.