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:
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
- 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:
Breakup by Distribution Channel:
- Online Stores
Breakup by Application:
- Dairy Products
- Bakery Products
- Snacks and Bars
- Cosmetic Products
Breakup by Region:
- North America
- Asia Pacific
- 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.
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