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Global Cashew Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Cashew Market value is expected to reach $9.1 billion growing at a CAGR of 4.4% during 2022-2028.Cashew nuts are considered to be the most popular edible nuts available worldwide. The cashew, a nut with a kidney-like form, is rich in protein, vitamin K, fat, and oil. Cashews grow near to the shore and are often harvested around the end of the summer. In addition to decreasing blood cholesterol levels and lowering the risk of cardiovascular disease, cashews also prevent cancer and gallstones and promote healthy brain function. Cashews are often utilized in cooking and as a snack. It may also be mashed into a paste to serve as the base for curry sauces or used as a garnish for sweets or curries.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to persistently increased imports. In terms of volume, Vietnam is the world's top cashew exporter. The climate of the nation, which is humid and tropical, plus the abundance of fertile red soil make it ideal for cultivating cashews. Due to complete industrial automation and the adoption of modern technologies, Vietnam offers cashews of the highest quality at reasonable prices. Moreover, the initiatives by the government for carrying out high-density planting, commercial farming, and hybrid varieties of seed to ensure high yield makes are fuelling the market demand.
Some of the key players profiled in the Cashew Market include Haldiram's, Olam International Limited, Alphonsa Cashew Industries, Prime Nuts FZE, Nutsco Inc, Bismi Cashew Company, Agrocel Industries Pvt. Ltd, DVK Group, Aurora Products Inc, CBL Natural Foods (Pvt) Ltd, Delicious Cashew Co, Bata Food, Kalbavi Cashews, Delphi Organic GmbH, Vietnam Cashew Processing Co, Nutty Yogi, Royal Dry Fruits, Lafooco (PAN Group) and Wonderland Foods.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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