Cashew Nuts Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Outlook

The new report published by The Business Research Company, titled ""Cashew Nuts Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the cashew nuts market size has grown strongly in recent years. It will grow from $8.05 billion in 2023 to $8.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The cashew nuts market size is expected to see strong growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

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Impact Of Thriving Retail And E-Commerce Sectors On The Cashew Nut Market
The thriving retail and e-commerce sectors are expected to propel the growth of the cashew nut market going forward. Retail involves businesses selling goods and services directly to consumers, typically through physical stores. E-commerce refers to the buying and selling goods and services over the internet. The growth of the retail and e-commerce sectors is attributed to several factors, such as advancements in internet infrastructure, accessibility offered by online shopping, changing consumer preferences, and increasing adoption of digital platforms. Retail stores and e-commerce platforms make cashew nuts readily available to consumers, allowing them to purchase them easily from local stores or online retailers. This accessibility expands the market reach of cashew nuts, making them available to a broader consumer base. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, e-commerce sales witnessed a notable surge of 7.5% in the fourth quarter of 2023 compared to the corresponding period in 2022. Therefore, thriving retail and e-commerce sectors are driving the growth of the cashew nut market.

Introducing Automatic And Modern Cashew Processing Plants
Major companies operating in the cashew nuts market are focused on developing innovative cashew processing plants, such as automatic cashew processing plants, to gain a competitive edge in the market. An automatic cashew processing plant uses machines to reduce the amount of manual labor required to process raw cashew nuts into finished cashew kernels. For instance, in October 2021, Mekong Tech Group, a Vietnam-based manufacturer of whole-kind cashew machines, launched VN-2022, a new modern automatic cashew processing plant. It is operated automatically from the cleaning process through shelling and separating to tray filling in preparation for filling the tray. The labor required to shell cashews is reduced by 60-70%. It has a modern automatic control system that connects machine systems through SCADA (supervisory control and data acquisition) control systems or ERP (enterprise resource planning) management software. The main elements of the cashew processing factory, such as the cashew steaming and chilling system and the cashew shelling and separating system, are created using the most recent technology available in Vietnam.

The cashew nuts market covered in this report is segmented -
1) By Form: Whole, Roasted, Splits, Paste
2) By Usage: Dairy Products, Cereals, Confectionaries, Beverages, Snacks And Bars, Bakery Items
3) By Distribution Channel: Convenience Stores, Hypermarkets And Supermarkets, Retailers, Specialist Stores

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Major companies operating in the cashew nuts market report are Nestlé S.A., Archer Daniels Midland Company, Bunge Limited, The Kraft Heinz Company, John B. Sanfilippo & Son Inc., Vietnam Cashew Corporation (VINACAS), Lien Anh Co. Ltd, Haldiram Foods International Private Limited, Alphonsa Cashew Industries, Diamond Foods LLC, Emerald Nuts LLC, Aurora Products Inc., Arya*n Food Ingredients Limited, CBL Natural Foods Private Limited, Nutsco Inc., Delicious Cashew Company, Nutty Yogi, Wonderland Foods, Bismi Cashew Company, Divine Foods, Achal Cashew Nuts, Delphi Organic, Bata Food, Kalbavi Cashews, Royal Dry Fruits

Contents of the report:
1. Executive Summary
2. Cashew Nuts Market Report Structure
3. Cashew Nuts Market Trends And Strategies
4. Cashew Nuts Market - Macro Economic Scenario
5. Cashew Nuts Market Size And Growth
…..
27. Cashew Nuts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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