Global Cashew Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Cashew Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cashew market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global cashew market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.
The cashew, scientifically labeled as Anacardium Occidentale, stands out as a remarkably versatile and highly coveted tree nut, celebrated for its distinctive kidney-shaped appearance and delightful flavor profile. Encased in a tough shell, it requires the careful removal of a caustic substance known as urushiol before consumption. Cashews can be savored in various ways, whether as a standalone snack, a culinary ingredient, a component in confectionery, or as a source of cashew oil. These nuts are gaining global recognition due to their nutritional value, boasting a wealth of essential minerals and healthy fats, and are widely enjoyed for their exquisite taste and adaptability.
Global Cashew Market Trends and Drivers:
The global market for cashews is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing recognition of the nutritional advantages offered by cashews, including essential minerals, vitamins, magnesium, phosphorus, copper, and heart-healthy monounsaturated fats. Furthermore, the surging popularity of plant-based diets and lifestyles is fueling the demand for cashews, as they serve as a valuable addition to vegan and vegetarian diets, providing a protein-rich alternative to animal-based sources. In addition to this, the expanding utilization of cashews in the food and beverage (F&B) sector to enhance the creaminess and flavor of a diverse array of dishes, such as curries, pasta, smoothies, soups, ice cream, and shakes, is exerting a positive influence on the market’s growth trajectory.
Global Cashew Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Agrocel Industries Pvt. Ltd., Aryan International, Aurora Products Inc., Bata Food (BARDAKCIGROUP), CBL Natural Foods (Pvt) Ltd., Delicious Cashew Co., Delphi Organic GmbH, Divine Foods LLC, Haldiram’s, Kalbavi Cashews, Lafooco (PAN Group), Nutty Yogi, Royal Dry Fruits and Wonderland Foods
The report segmented the market on the basis of region, form, distribution channel and application.
Breakup by Form:
- Whole
- Roasted
- Powder
- Paste
- Splits
Breakup by Distribution Channel:
- Supermarkets
- Retailers
- Online Stores
- Others
Breakup by Application:
- Dairy Products
- Bakery Products
- Snacks and Bars
- Confectionaries
- Cereals
- Desserts
- Beverages
- Cosmetic Products
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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