During the forecast period, the global market for cashew roasting machine is expected to expand at a moderate rate of 3.9%. In 2023, the market will be worth US$ 169.7 million. The cashew roasting machine market is expected to reach a high of US$ 248.3 million by 2033. Future Market Insights experts calculated a historical market valuation of US$ 163.3 million for the relevant market for the base year.
This expansion is encouraged by:
- The growth of the market for the subject product is projected to be fueled by an increase in the number of health-conscious customers worldwide and their growing awareness of the health benefits offered by roasted nuts.
- Due to the necessity to remove the acids and proteins that give nuts their flavour, cashew roasting machines improve the taste of the nuts so that a larger number of people will like eating them.
- The market for cashew roasting equipment is driven by the demand for converting the physical and chemical qualities of raw cashews into roasted cashew products with modifications in flavour, colour, density, and fragrance.
- The main factor driving the demand for cashew roasting equipment is the ability to get varied flavours of cashew.
- The various roast levels of cashews, such as light roast and medium roast
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Some of the key players proliferating in the market are
- Roaster And Roaster
- San Franciscan Roaster Co. Inc.
- Scolari Engineering S.p.A.
- Toper Roaster
- US Roaster Corp
- Mill City Roasters, LLC.
- Genio Roasters
- Bühler Holding AG
Start-up Ecosystem FMI Provides Insight into How New Businesses Change Market Dynamics
Utilizing technological breakthroughs, the new players in the cashew roasting machine market are launching new products and gaining a competitive edge. To stay abreast of shifting consumer preferences and end-use industry demands, these businesses consistently spend in research and development operations. An effort is being made to increase their forum presence and support the development of the cashew roasting machine market.
Key Segments in the Cashew Roasting Machine Market
By Machine Type:
- Automatic
- Semi-automatic
By Roasting Machine Type:
- Batch Type Roasting Machine
- Continuous Tunnel Type Roasting Machine
By Capacity:
- Up to 100kg/hour
- 100-2022kg/hour
- 200-300 kg/hour
- Above 300 kg/hour
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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