Press release
Cashew Market Report 2022-2027 | Outlook, Size, Share And Forecast Analysis
Market Overview:
The global cashew market size reached US$ 6.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.89 Billion by 2027, exhibiting a CAGR of 4.42% during 2022-2027.
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Year Considered to Estimate the Market Size:
• Base Year of the Analysis: 2021
• Historical Period: 2016-2021
• Forecast Period: 2022-2027
Cashews are a type of kidney-shaped nut that offers a range of nutritional benefits. They are an excellent source of protein and minerals, contain low amounts of sugar, and are rich in oil, fiber, healthy fats, antioxidants, magnesium, zinc, copper, and phosphorus. They come from fruit-bearing trees and are typically grown in coastal areas. They are commonly used in various products, including beverages, dairy items, cereals, bars, cosmetics, and bakery goods. They help boost immunity, control blood pressure, support healthy brain function, improve bone density, and promote healthy eyesight. They are also beneficial in preventing numerous health issues, such as high cholesterol, cardiovascular diseases, cancer, and gallstones. As a result, cashews find extensive applications as a healthy snack or dessert in the food and beverage industry.
Market Trends:
The global cashew market is primarily driven by rapid expansion in the food and beverage (F&B) sector. Additionally, the rising product utilization in various dishes, including cheesecake, cookies, salads, chicken, noodles, and soups, has catalyzed market growth. Moreover, the surging adoption of cashews in energy bars, muesli, spreads, and organic bars due to their high nutritional value is positively influencing the market growth. Besides this, the introduction of new product variants, such as cashew nuts in exotic flavors like chili lime, sweet, and spicy, is another major growth-inducing factor. Furthermore, the increasing use of cashews in the cosmetic industry for manufacturing creams and oils that can help prevent hair loss, enhance skin glow, and promote new skin cells is contributing to the market growth. Other factors, including the rising trend of consuming healthy snacks, changing lifestyles, and inflating consumer disposable incomes, are also anticipated to drive the market further.
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Cashew Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global cashew market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Agrocel Industries Pvt. Ltd.
• Delicious Cashew Co.
• Delphi Organic GmbH
• Divine Foods LLC
• Haldiram's
• Aurora Products Inc.
• Bata Food (BARDAKCIGROUP)
• CBL Natural Foods (Pvt) Ltd.
• Kalbavi Cashews
• Lafooco (PAN Group)
• Nutty Yogi
• Royal Dry Fruits
• Wonderland Foods.
Key Market Segmentation:
The report has segmented the global cashew market based on form, distribution channel, application and region.
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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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