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Cashew Nut Processing Equipment Market Expansion Continues, with Forecast Valuation of $8.51 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Cashew Nut Processing Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant increase in the size of the cashew nut processing equipment market in the past few years. Its growth forecasts suggest it will expand from $5.78 billion in 2024 to $6.15 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. Factors such as rising cashew nut consumption, stringent quality and safety regulations, global trade expansion, heightened consumer awareness, and integrated supply chain management are credited for the growth seen in the historical period.
Cashew Nut Processing Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience sturdy growth in the coming years, the cashew nut processing equipment market is forecasted to expand to $8.51 billion by 2029, progressing at a compound annual growth rate (CAGR) of 8.4%. The expansion in this predicted period can be traced back to increasing demand from emerging markets, industrial automation and the onset of Industry 4.0, implementation of sustainable practices, customization and adaptability, as well as e-commerce surge. Key trends projected for this duration encompass technological evolution, amalgamation of automation and tech, energy-conserving processing, adherence to sanitary processing norms and customization catering to small and medium businesses (SMEs).
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What Are the Drivers Transforming the Cashew Nut Processing Equipment Market?
The cashew nut processing equipment market expansion is expected to be fueled by the rising trend of veganism. Veganism, a lifestyle and nutritional choice, completely avoids utilizing products derived from animals, dairy, and goods possibly derived from animals. Cashew nut processing equipment helps to remove the thin skin encompassing the kernel, which can then be utilized in a variety of food items. As per a report by Food Manufacture, a UK-based internet publishing company specializing in food and drink processing, a new study showed a growth of 1.1 million vegans in the UK between 2023 and 2024. Research by Finder has indicated that the vegan community in the UK has grown to 2.5 million over the past year, accounting for 4.7% of the adult population. Hence, the growing trend of veganism is a significant factor propelling the growth of the cashew nut processing equipment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Cashew Nut Processing Equipment Market?
Leading firms in the cashew nut processing equipment market are striving to gain a competitive advantage by creating innovative cashew processing facilities, such as automatic cashew processing plants. These automatic plants utilize machinery to minimize the manual labor required to transform raw cashews into final cashew kernels. For example, in April 2022, WKL Company, a cashew and macadamia processing business from the Netherlands, partnered with Abhay Engineers, a cashew processing machine producer from India, to successfully launch an automated cashew processing plant in Kenya. The factory is outfitted with automated equipment that simplifies different aspects of cashew processing, like shelling, peeling, and grading. This automation aids in reducing manual labor and enhancing overall productivity.
Which Segments in the Cashew Nut Processing Equipment Market Offer the Most Profit Potential?
The cashew nut processing equipmentmarket 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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Which Firms Dominate the Cashew Nut Processing Equipment Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Cashew Nut Processing Equipment Market?
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
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