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Cashew is an edible kidney-shaped curved nut that grows on an evergreen shrub or tree of the sumac family. It contains nutrients, including sodium, potassium, proteins, vitamin B6, magnesium, iron, calcium, and phosphorus. It consists of monounsaturated and polyunsaturated fatty acids, which decrease low-density lipoprotein (LD) cholesterol and triglyceride levels in the body. It also facilitates enhanced bone growth and prevents the occurrence of arthritis, osteoporosis, and joint pain. It is widely utilized in preparing various desserts, baked products, and confectionery items. It is also employed in preparing various dishes and incorporated into smoothies and shakes to thicken the consistency.
How Big is the Global Cashew Market?
The global cashew market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.
Global Cashew Market Trends:
At present, the increasing awareness about the beneficial aspects of healthy snacking among the masses represents one of the primary factors propelling the growth of the market. Besides this, the rising availability of nut milk and nut-infused food for vegan consumers and lactose-intolerant individuals is contributing to the growth of the market. In addition, the growing consumption of nutritious food due to the rising health consciousness is offering a favorable market outlook. Apart from this, the increasing utilization of cashews in preparing curries and various other savory dishes is supporting the growth of the market. Additionally, the rising consumption of healthy diets to prevent the occurrence of various chronic disorders is bolstering the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
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:
Who are the key players operating in the industry?
The report covers the major market players including:
Agrocel Industries Pvt. Ltd., Aryan International, Aurora Products Inc., Bata Food (BARDAKCIGROUP), CBL Natural Foods (Pvt) Ltd., Delicious Cashew Co., Delphi Organic GmbH, Divine Foods LLC, Haldiram’s, Kalbavi Cashews, Lafooco (PAN Group), Nutty Yogi, Royal Dry Fruits and Wonderland Foods.
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