China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Million by the year 2030 trailing a CAGR of 9.3% over the analysis period 2022 to 2030. is estimated at US$2.9 Million in the year 2022. Market is Estimated at $2.9 Million, While China is Forecast to Grow at 9.3% CAGR In the changed post COVID-19 business landscape, the global market for Cashews estimated at US$10.8 Million in the year 2022, is projected to reach a revised size of US$16.3 Million by 2030, growing at a CAGR of 5.3% over the period 2022-2030. Ltd., Aryan International, Aurora Products Inc., Bata Food (BARDAKCIGROUP), CBL Natural Foods (Pvt) Ltd., Delicious Cashew Co.Global Cashews Market to Reach $16.3 Million by 2030 United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, MexicoĪgrocel Industries Pvt. Report Coverage: Report Featuresįorm, Distribution Channel, Application, RegionĪsia Pacific, Europe, North America, Latin America, Middle East and Africa 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. The competitive landscape of the industry has also been examined along with the profiles of the key players being Agrocel Industries Pvt. Our report has categorized the market based on form, distribution channel and application. IMARC Group provides an analysis of the key trends in each sub-segment of the global cashew market report, along with forecasts at the global, regional and country level from 2023-2028. Apart from this, changing lifestyles and rising disposable income are anticipated to drive the market growth. Additionally, the increasing product demand in the cosmetic industry to manufacture creams and oils to prevent hair loss, enhance skin glow, and promote the growth of new skin cells is positively impacting the market growth. Moreover, the introduction of various product variants, such as the launch of flavors, including chili lime, sweet, and spicy cashew nuts, are providing a considerable boost to the market growth. In line with this, the rising consumption of healthy snacks is favoring the market growth as cashews are extensively used in energy bars, mussels, spreads, and organic bars for their high nutritional level. Cashews are widely used in the preparation of cheesecake, cookies, salads, chicken, noodles, and soup. Significant growth in the food and beverage industry across the globe is creating a positive outlook for the market. As a result, cashew finds extensive application as snacks and desserts in the food and beverage industry. Cashews also provide various health benefits, such as decreasing blood cholesterol levels, preventing cardiovascular diseases, cancer, and gallstones. They assist in boosting immunity, lowering blood pressure, controlling weight, enhancing brain functions, bone density, and eyesight. They are obtained from fruit-producing trees and grow near the sea areas and are widely used in beverages, dairy products, cereals, bars, cosmetics, and bakery products. Cashews are commonly available in powder, paste, whole, roasted, and split form. They are low in sugar and rich in oil, fiber, protein, healthy fats, antioxidants, magnesium, zinc, copper, and phosphorus. 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.Ĭashews are kidney-shaped nuts that are a good source of protein and minerals. The global cashew market size reached US$ 7.2 Billion in 2022.
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