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 size, share, 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.
Cashews are edible tree nuts that are harvested from the cashew tree, also known as Anacardium occidentale. They are versatile and renowned for their creamy texture and mild flavor. They are used in various culinary applications, ranging from snacks and desserts to savory dishes. They are rich in healthy fats, magnesium, vitamin E, antioxidants, copper, and protein, which makes them a valuable ingredient for health-conscious consumers. They have a relatively low glycemic index, making them a suitable snack option for individuals with diabetes. They can protect cells from oxidative damage caused by free radicals and lower the chances of chronic diseases while contributing to the overall health. They play a crucial role in maintaining healthy bones and nerves and the production of red blood cells (RBCs). They help reduce low-density lipoprotein (LDL) cholesterol levels and increase high-density lipoprotein (HDL) cholesterol levels while reducing the risk of various heart diseases. They maintain a healthy digestive system and promote a feeling of fullness, which can be beneficial for individuals seeking weight management dietary solutions. They support the production of melanin, that can help maintain the health of skin and hair. They assist in regulating blood pressure and minimizing the risk of hypertension among people. Besides this, they aid in ensuring proper muscle function and enhancing the nervous system. As they are beneficial in curbing hunger and reducing overall calorie intake and overeating, the demand for cashews is increasing across the globe.
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Global Cashew Market Trends and Drivers:
Presently, rising preferences for plant-based protein options among eco-conscious consumers represent one of the significant factors contributing to the growth of the market. Apart from this, the increasing focus on consuming healthy and nutritious food products is supporting the market growth. Additionally, there is a rise in the demand for clean-label and natural ingredients among the masses. This, coupled with the increasing awareness among consumers about the health benefits of cashews, such as maintaining skin, bone, and heart-health, is offering lucrative growth opportunities to industry investors. In line with this, the growing demand for cashews in desserts, such as chocolate bars, ice cream, brownies, granola, trail mix, cheesecake, and cookies, to enhance their flavor, texture and color, along with the rising consumption of cashews to ensure proper muscle contraction and relaxation, is positively influencing the market. Moreover, the introduction of flavored cashew nuts and cashew-based dairy alternatives, along with the improved processing techniques and equipment that enhanced the efficiency and quality of cashew processing, are strengthening the growth of the market. Besides this, the wide availability of cashews through various distribution channels, such as supermarkets, hypermarkets, and convenience and online stores, around the world is bolstering the market growth. In addition, the escalating demand for cashews to prevent the chances of severe diseases among the masses is offering a positive market outlook.
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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