Cashew Market Size, Share Analysis, Growth, Report 2023-2028

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.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

134 N 4th St. Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 

SHARE NOW

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *