Global Cashew Market Overview 2024-2032
The global cashew market size reached US$ 7.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.85% during 2024-2032.
The rising adoption of nutritious food options among the masses across the globe is strengthening the growth of the market. Cashews are considered a healthy snack option, as they are a rich source of essential nutrients, such as vitamins, minerals, and healthy fats. In line with this, they are also cholesterol-free and contain antioxidants, making them an attractive choice for health-conscious consumers. Moreover, cashews find various culinary applications, ranging from salads and stir-fries. There is an increase in the demand for natural food products among individuals to maintain an active lifestyle.
Rising preferences for ready-to-eat (RTE) food products among people with hectic lifestyles and busy schedules is supporting the growth of the market. RTE products are pre-packaged and prepared foods that require little to no additional cooking or preparation by consumers. Besides this, these products offer enhanced convenience to consumers by providing a quick and hassle-free solution and eliminating the need for cooking, chopping, or meal planning. In addition, the wide availability of cashews in single-serving packaging options is attracting a larger consumer base, which is strengthening the market growth.
The rising consumption of cashews for heart health due to their heart-protective qualities is impelling the growth of the market. Cashews are a rich source of unsaturated fats, particularly monounsaturated and polyunsaturated fats, which are known to promote cardiovascular health. These healthy fats help reduce low-density lipoprotein (LDL) cholesterol levels while increasing high-density lipoprotein (HDL) cholesterol that assists in lowering the risk of heart disease. Additionally, cashews contain antioxidants like flavonoids, which have anti-inflammatory properties and contribute to improved heart function. Furthermore, they have high magnesium content that benefits in supporting blood pressure.
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Global Cashew Market Trends and Drivers:
The growing consumption of cashews due to the rising focus on healthy lifestyles and fitness among individuals is offering a positive market outlook. In line with this, cashews are considered a convenient and satiating option for individuals looking to maintain a balanced diet and manage their weight.
Innovations in packaging, such as resealable pouches and single-serving packs, are making cashews more accessible and appealing to consumers, which is impelling the growth of the market. Apart from this, these packaging solutions enhance convenience and freshness, which is supporting the market growth.
Global Cashew Market 2024-2032 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 (2018-2023)
- Market Outlook (2024- 2032)
- 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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