Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Cashew Nuts Market Size is Expected to Grow from USD 7.75 Billion in 2023 to USD 11.56 Billion by 2033, Growing at a CAGR of 4.08%during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Cashew Nuts Market Size, Share, and COVID-19 Impact Analysis, By Form (Roasted, Whole, Splits, and Paste), By Application (Cereals, Confectionaries, Dairy Products, Snacks & Bars, Beverages, and Bakery Items), By Distribution Channel (Supermarkets & Hypermarkets, Retailers, Convenience Stores, and Specialist Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Cashew nuts are among the widely available edible nuts. Cashews are kidney-shaped nuts that are rich in fat, protein, oil, and vitamin K. Cashews are roasted and their shells removed before consumption. The cashew oil extracted from the nut is used to make plastic. The food processing sector utilizes extensive use of cashews to create snacks, confections, baked goods, and culinary recipes. The demand for convenience foods, urbanization, and shifting consumer lifestyles are all contributing factors to the food processing industry's expansion. Cashews offer several health benefits, including lowering blood cholesterol, lowering the risk of cardiovascular disease, preventing gallstones and cancer, and helping to promote healthy brain function. The cashew nut industry is expanding rapidly as customers pursue healthier diets and use cashew nuts more often in prepared food. However, a key barrier that drives cashew-producing units to export the nuts rather than process them domestically is high processing costs and a lack of shelling capacity.
The whole segment is expected to hold the largest market share of the global cashew nuts market through the projected timeframe.
Based on the form, the cashew nuts market is classified into roasted, whole, splits, and paste. Among these, the whole segment is expected to hold the largest market share of the global cashew nuts market through the projected timeframe. Whole cashews are in their natural state, with their original flavor and shape still present and still wrapped in their shells. Milk products, cereals, drinks, snacks, bars, and baked goods are just a few of the many products that use them. A variety of outlets, such as supermarkets, hypermarkets, convenience stores, specialty shops, and merchants, are used to distribute these goods.
The snacks & bars segment is predicted to hold a significant market share in the global cashew nuts market through the projected timeframe.
Based on the application, the cashew nuts market is classified into cereals, confectionaries, dairy products, snacks & bars, beverages, and bakery items. Among these, the snacks & bars segment is predicted to hold a significant market share in the global cashew nuts market through the projected timeframe. Since individuals are choosing easier and healthful snack options. The nutritional advantages of cashew nuts are well known and include a high protein level, good fats, and vital vitamins and minerals. They have become a common component of many snack goods, including bars, trail mixes, and flavored cashew snacks. Simultaneously the growing desire for on-the-go snack options that support busy lifestyles and the increased awareness of health and fitness are driving this trend.
The supermarkets & hypermarkets segment is anticipated to hold the highest market share of the global cashew nuts market through the projected period.
Based on the distribution channel, the cashew nuts market is divided into supermarkets & hypermarkets, retailers, convenience stores, and specialist stores. Among these, the supermarkets & hypermarkets segment is anticipated to hold the highest market share of the global cashew nuts market through the projected period. This expansion can be attributed to an increase in product advertising and the makers' distribution of shelf space in supermarkets and hypermarkets.
North America is expected to hold the largest share of the cashew nuts market through the forecast period.
North America is expected to hold the largest share of the cashew nuts market through the forecast period. The market value is anticipated to rise higher than the volume of consumption due to the high growth rate of imported cashew prices. A small number of states, including California, Florida, New York, Texas, and New Jersey, account for the majority of cashew consumption. Cashew nuts have become more and more popular in the nation's end-user food industry. Cashew butter, a substitute for peanut butter for people with peanut allergies, is likewise made from raw or roasted cashews. Bulk Nation USA, Once Again, Bassé Nuts, and Georgia Grinders are a few US-based companies that produce cashew butter. Therefore, the nation's consumption of cashew nuts is being further driven by the expanding consumer demand for cashew nuts among people as well as the growing demands of the processing industry.
Asia Pacific is predicted to grow at the fastest CAGR of the cashew nuts market over the forecast period. The rise in the product's use in different cuisines in nations such as India, China, Japan, Thailand, Malaysia, and Indonesia is responsible for the industry's expansion in the area over the projection period. Since taste, nutritional content, and health benefits are crucial, roasted nuts and seeds had the fastest sales rate in the Chinese snack food market. While dried fruits are primarily utilized as ingredients in food preparation in other countries, they are regarded as a kind of snack in China. It's a common myth among Chinese customers that dried fruit provides extra natural nutritional and health benefits. It is therefore anticipated that Chinese cashew consumption will rise sharply as a result of these indulgent causes. Additionally, the growth of the sector in the area may be aided by a greater use of roasted cashew nuts in baked goods such as biscuits.
Company Profiling
Major key players in the cashew nuts market include CBL Natural Foods Private Limited, Alphonsa Cashew Industries, Divine Foods, Achal Cashew Nuts, Delphi Organic, Agrocel Industries, Bata Food, Bismi Cashew Company, Aryan International, Alien Green, Nutsco Inc., Cascade Agroindustrial S.A., Ajanta Industries, and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cashew nuts market based on the below-mentioned segments:
Global Cashew Nuts Market, By Form
Global Cashew Nuts Market, By Application
Global Cashew Nuts Market, By Distribution Channel
Global Cashew Nuts Market, By Regional Analysis
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