Cashew Market Size, Global Share, Report And Industry Forecast 2022-2027

The latest research study “Cashew Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cashew market size reached US$ 6.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.89 Billion by 2027, exhibiting a CAGR of 4.42% during 2022-2027.

Cashews are a type of kidney-shaped nut that offers a range of nutritional benefits. They are an excellent source of protein and minerals, contain low amounts of sugar, and are rich in oil, fiber, healthy fats, antioxidants, magnesium, zinc, copper, and phosphorus. They come from fruit-bearing trees and are typically grown in coastal areas. They are commonly used in various products, including beverages, dairy items, cereals, bars, cosmetics, and bakery goods. They help boost immunity, control blood pressure, support healthy brain function, improve bone density, and promote healthy eyesight. They are also beneficial in preventing numerous health issues, such as high cholesterol, cardiovascular diseases, cancer, and gallstones. As a result, cashews find extensive applications as a healthy snack or dessert in the food and beverage industry.

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Cashew Market Trends:

The global cashew market is primarily driven by rapid expansion in the food and beverage (F&B) sector. Additionally, the rising product utilization in various dishes, including cheesecake, cookies, salads, chicken, noodles, and soups, has catalyzed market growth. Moreover, the surging adoption of cashews in energy bars, muesli, spreads, and organic bars due to their high nutritional value is positively influencing the market growth.

Besides this, the introduction of new product variants, such as cashew nuts in exotic flavors like chili lime, sweet, and spicy, is another major growth-inducing factor. Furthermore, the increasing use of cashews in the cosmetic industry for manufacturing creams and oils that can help prevent hair loss, enhance skin glow, and promote new skin cells is contributing to the market growth. Other factors, including the rising trend of consuming healthy snacks, changing lifestyles, and inflating consumer disposable incomes, are also anticipated to drive the market further.

Cashew Market Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

Agrocel Industries Pvt. Ltd.
Aryan International
Aurora Products Inc.
Bata Food (BARDAKCIGROUP)
Divine Foods LLC
Haldiram’s
Kalbavi Cashews
Lafooco (PAN Group)
CBL Natural Foods (Pvt) Ltd.Delicious
Cashew Co.
Delphi Organic GmbH
Nutty Yogi
Royal Dry Fruits
Wonderland Foods.

Key Market Segmentation:

The report has 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 Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022-2027)

• 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.

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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