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 report, 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.
The cashew, scientifically labeled as Anacardium Occidentale, stands out as a versatile and highly sought-after tree nut, celebrated for its distinct kidney-shaped appearance and delightful flavor profile. It is encased in a tough shell that contains a caustic urushiol substance, which must be carefully removed before consumption. Cashews can be enjoyed in various ways, whether as a standalone snack, a culinary ingredient, a component in confectionery, or as a source of cashew oil. Cashews are gaining global recognition for their nutritional value, offering a rich source of essential minerals and healthy fats, and are widely consumed not only for their delectable taste but also for their remarkable versatility.
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Global Cashew Market Trends and Drivers:
The increasing recognition of cashews’ nutritional advantages, including minerals, vitamins, magnesium, phosphorus, copper, and monounsaturated fats, stands as a primary driver behind the global market’s growth. 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, offering a protein-rich alternative to animal-based sources. Additionally, the expanding utilization of cashews in the food and beverage (F&B) industry to impart creaminess and enhance the flavor of a wide array of dishes, such as curries, pasta, smoothies, soups, ice cream, and shakes, is exerting a positive influence on the market.
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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