Global Cashew Market Overview 2023-2028
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.
Cashew, scientifically known as Anacardium Occidentale, is a versatile and highly sought-after tree nut and is renowned for its unique kidney-shaped appearance and delightful flavor profile. It is encased in a hard shell, within which a urushiol caustic substance must be carefully removed before consumption. It can be enjoyed in various forms, including as a standalone snack, in culinary dishes, as ingredients in confectionery, and as a source of cashew oil. Cashew is gaining global recognition for their nutritional value, rich in essential minerals and healthy fats, and is widely consumed for their delectable taste and versatility.
Global Cashew Market Trends and Drivers:
The increasing awareness about the nutritional benefits of cashews, such as minerals, vitamins, magnesium, phosphorus, copper, and monounsaturated fats, represents one of the primary factors bolstering the market growth around the world. In addition, the rising popularity of plant-based diets and lifestyles is catalyzing the demand for cashews as they are a valuable addition to vegan and vegetarian diets, which serve as a protein-rich alternative to animal-based sources. Apart from this, the growing use of cashews in the food and beverage (F&B) sector to add creaminess and flavor to a wide range of dishes, such as curries, pasta, smoothies, soups, ice cream, and shakes, is influencing the market positively.
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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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