Posted by 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 industry share, size, 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, is a highly versatile and sought-after tree nut known for its distinctive kidney-shaped form and delightful taste. It comes protected by a hard shell, requiring careful removal of the caustic urushiol substance before consumption. Cashews can be savored in various ways, such as a standalone snack, a culinary ingredient, a component in confectionery, and as a source of cashew oil. Their popularity is growing globally due to their nutritional richness, abundant in essential minerals and healthy fats, making them a popular choice for both their delicious flavor and adaptability.
Global Cashew Market Trends and Drivers:
The increasing understanding of the nutritional advantages provided by cashews, including essential minerals, vitamins, magnesium, phosphorus, copper, and healthy monounsaturated fats, is a significant driver for the expanding global market. Additionally, the surging embrace of plant-based diets and lifestyles is fueling the demand for cashews, given their value as a protein-rich alternative in vegan and vegetarian diets. Furthermore, the growing adoption of cashews in the food and beverage (F&B) industry to enhance creaminess and flavor across a diverse array of dishes such as curries, pasta, smoothies, soups, ice cream, and shakes, is contributing positively to the market’s growth.
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