Cashew nut butter is a type of nut butter that is made by grinding cashews into a paste and can be applied as a food. Nut butter is a food that caters to various tastes and dietary needs, with the most common including peanut butter, almond butter, cashew nut butter, walnut butter, and hazelnut butter, each with its unique flavor and nutritional value. Cashew nut butter, as a type of nut butter, also has a high fat content and can be applied and used like real butter. ‌

Overview of Market Development

Cashew nut butter, as a nutritionally balanced, protein rich, fiber rich, and vitamin rich food, has been widely favored by consumers. Its diverse consumption methods and application fields have further promoted the development of the market. With the continuous increase in global cashew consumption, the market supply has also correspondingly increased. At the same time, the increasing demand for healthy food and balanced nutrition among consumers provides greater development space for the cashew nut butter market. In the future, the cashew nut butter market is expected to continue to maintain rapid growth and become an important sub sector of the food industry. ‌

According to our research data, the global consumption of cashew nut butter is expected to reach 22395 tons in 2024, with an estimated market size of $602 million, an increase of 5.29% compared to 2023. It is expected that the market size will continue to increase to $767 million by 2029. The CAGR for 2024-2029 is estimated to be 4.96%.

Distribution Market Analysis

From the perspective of distribution channels, cashew nut butter is mainly distributed through supermarkets/hypermarkets, convenience stores, and e-commerce channels. Among them, the supermarket/hypermarket sub channel occupies the highest share, estimated to be 34.99% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions/Countries

From a regional perspective, the global cashew nut butter market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest consumer market. Data shows that the consumption of cashew nut butter in North America is expected to reach 7904 tons in 2024, accounting for an estimated 35.29% of the global total consumption. The European market is expected to rank second with a share of 29.78%. From a national perspective, Asian countries such as China, Japan, and India are important components of the global cashew nut butter market, accounting for over 5%.

Regions/Countries	Consumption (Tons)	Proportion
North America	7904	35.29%
Europe	6669	29.78%
China	1726	7.71%
Japan	1576	7.04%
India	1266	5.65%
South America	914	4.08%
Middle East & Africa	977	4.36%

Source: www.globalmarketmonitor.com