Press release
Cashew Nut Processing Equipment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
"Which drivers are expected to have the greatest impact on the over the cashew nut processing equipment market's growth?The surge in veganism is poised to boost the cashew nut processing equipment market. Veganism, a lifestyle and dietary choice that avoids all animal-derived products, including dairy and any items potentially sourced from animals, encourages the use of cashew nut processing equipment. This equipment is utilized to remove the thin layer surrounding the kernel, which is then used in multiple food items. In January 2023, Food Manufacture, a UK-based web publishing firm specializing in food and beverage processing, reported a study revealing a growth of 1.1 million vegans in the UK between 2023 and 2024. Research by Finder shows that the UK vegan population has expanded to 2.5 million over the previous year, accounting for 4.7% of adults. These trends suggest that rising veganism is fueling the expansion of the cashew nut processing equipment market. Market Driver for Cashew Nut Processing Equipment: Nutritious Food Products Spark Market Boost
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What is the future CAGR of the cashew nut processing equipment market, and how will it impact industry expansion?
In recent times, the market size for cashew nut processing equipment has seen a robust growth. The market is projected to swell from $5.78 billion in 2024, to $6.24 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%. The historical growth can be linked to factors such as an increase in cashew nut consumption, enhanced quality and safety standards, globalization of trade, heightened consumer awareness, and supply chain integration.
The market for cashew nut processing equipment is anticipated to experience significant expansion in the coming years. It's projected to reach a value of $8.72 billion in 2029, with an 8.7% Compound Annual Growth Rate (CAGR). The heightened growth during the forecast period can be credited to factors such as demand from emerging markets, automation, Industry 4.0, sustainable operations, flexibility and customization, and the rise of e-commerce. Key trends to watch out for during this period are developments in technology, the meld of automation and technology, energy-saving processing methods, hygienic processing norms, and tailored solutions for Small and Medium Enterprises (SMEs).
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How are the latest trends influencing the growth of the cashew nut processing equipment market?
Key players in the cashew nut processing equipment market are focusing on the creation of advanced cashew processing plants, such as those that operate automatically, in order to secure a competitive advantage. These automatic plants utilize machinery to decrease the necessary manual work involved in transforming raw cashews into final cashew kernels. To illustrate, in April 2022, WKL Company (based in the Netherlands and operating in the cashew and macadamia processing sector) collaborated with India's Abhay Engineers, a producer of cashew processing machinery. They successfully built an automated cashew processing plant in Kenya. The factory is outfitted with automated equipment that simplifies various phases of cashew processing, such as shelling, peeling, and grading, thus reducing the need for manual labor and increasing overall efficiency.
Which key market segments comprise the cashew nut processing equipment market and drive its revenue growth?
The cashew nut processing equipment market covered in this report is segmented -
1) By Type: Roasting Equipment, Peeling Equipment, Drying Equipment, Shelling Equipment, Sorting And Grading Equipment, Other Types
2) By Operation: Automatic, Semi-Automatic
3) By End-Use: Cashew Nut Processing Plants, Commercial Kitchens
Subsegments:
1) By Roasting Equipment: Batch Roasters, Continuous Roasters
2) By Peeling Equipment: Manual Peeling Machines, Automatic Peeling Machines
3) By Drying Equipment: Hot Air Dryers, Solar Dryers
4) By Shelling Equipment: Manual Shelling Machines, Automatic Shelling Machines
5) By Sorting And Grading Equipment: Vibratory Sorters, Optical Sorters
6) By Other Types: Packaging Equipment, Conveyors And Feeders
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What regions are at the forefront of cashew nut processing equipment market expansion?
Asia-Pacific was the largest region in the cashew nut processing equipment market in 2024. The regions covered in the cashew nut processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the cashew nut processing equipment market?
Major companies operating in the cashew nut processing equipment market report are Tomra Systems ASA, Rotex Manufacturers & Engineers Pvt. Ltd., A/S Cimbria, GELGOOG Machinery Inc., Ss Engineering Works Limited, Abhay Engineering Private Limited, APS Industries Limited, Italiya International Food Machinery, Jem Equipment Corp., Krishna Industries Private Limited, Oltremare S.R.L., Oscar Cashew Tech Private Limited, Rami International Limited, Sree Rama Technology Industries (P) Ltd., AC Horn Manufacturing Company, Chirag Gopalbhai Chhatrala, CNSL Privet Limited, Divyesh Vyas & Co., Gayathri Industrial Products Limited Liability Partnership, GI Technology Private Limited, Locus Exim Private Limited, Mastana Jogi International Private Limited, MK Tech Engineering Pte. Ltd., Muskan Equipments Co., Parivartan Kaju House, Thai Cashew International Co. Ltd.
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What Is Covered In The Cashew Nut Processing Equipment Global Market Report?
• Market Size Forecast: Examine the cashew nut processing equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cashew nut processing equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the cashew nut processing equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cashew nut processing equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cashew nut processing equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cashew nut processing equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the cashew nut processing equipment market.
• Competitive Landscape: Review strategic developments in the cashew nut processing equipment market, including expansions, agreements, and new product launches.
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