Press release
Cashew Market Report 2023-2028 | Industry Size, Share, Growth, Forecast
Cashew 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 referred to as Anacardium Occidentale, is a highly versatile and sought-after tree nut, well-known for its distinctive kidney-shaped appearance and delightful taste. Encased within a tough shell, it requires careful removal of urushiol, a caustic substance, before being consumed. This nut can be savored in multiple ways, such as a standalone snack, a culinary ingredient, a component in confectionery, or a source of cashew oil. Cashews are gaining increasing global attention due to their nutritional value, boasting essential minerals and healthy fats. They are widely appreciated for their delicious taste and adaptability.
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Global Cashew Market Trends and Drivers:
The global market for cashews is experiencing substantial growth due to the increasing recognition of their nutritional advantages, including minerals, vitamins, magnesium, phosphorus, copper, and monounsaturated fats. Another significant factor driving this growth is the surging popularity of plant-based diets and lifestyles, leading to a heightened demand for cashews as they offer a valuable protein-rich option for vegans and vegetarians. Additionally, the expanding utilization of cashews in the food and beverage (F&B) industry to enhance the creaminess and taste of a diverse array of dishes, ranging from curries and pasta to smoothies, soups, ice cream, and shakes, is contributing positively to the market.
Global Cashew Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Agrocel Industries Pvt. Ltd.
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
Wonderland Foods
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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 Regions:
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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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.
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