Nuts About Growth: Cashew Processing Machine Market to Surge to US$ 10624.41 Million by 2033

The global cashew processing machine market is anticipated to generate US$ 5203.10 million by the end of 2023. Over the course of the forecast period, the market is expected to grow at a CAGR of 7.4% and reach US$ 10624.41 million in value by 2023.

A great source of fibre, calcium, copper, antioxidants, and healthy fatty acids, cashew nuts are recommended to patients with specific conditions by medical professionals all over the world. For the market for cashew processing equipment, this opens up a huge opportunity.

Additionally, according to research by FMI, the processed cashew market is anticipated to expand at a CAGR of roughly 5.8% over the course of the forecast period. This number unmistakably indicates that the market for cashew nut processing equipment has enormous potential.

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Additionally, there are a few areas with significant dry fruit markets, such as the Middle East and Europe. According to a survey, the market for dry fruits is expanding in Europe. This is well expected to increase the demand for cashew machine during the forecast period.

One of the biggest benefits related to the usage of cashew processing machine is that the fixed labour costs drastically come down.

Apart from that, the manufacturers are particularly impressed by the increase in yield and improvement in the sorting and grading efficiencies that is obtained because of the implementation of cashew processing machine.

Moreover, the adoption of certain technologies like TOMRA 5B, which is a smart view camera technology and the NIMBUS BSI+ technology, which is implemented for the purpose of scanning is attracting a lot of potential investors towards the cashew processing machine market.

The cashew processing machines come with an amazing ability of processing cashews worth 200 kg/hr to 350 kg/hr, which shows the potential of this machine.

Key Takeaways:

• The cashew processing machine market is valued at US$ 5203.10 million as on 2023.
• By 2033, the market is expected to reach a valuation of US$ 10624.41 million.
• The market is expected to grow at a CAGR of 7.4% during the period 2023 to 2033.
• The US cashew processing machine market is valued at US$ 1873.12 million as on 2023, and is expected to grow at a CAGR of 6.8% during the forecast period.
• The UK market is valued at US$ 338.20 million as on 2023, and is forecasted to grow at a CAGR of 6.2% during the forecast period.
• The China cashew processing machine market is valued at US$ 473.48 million as on 2023, and is expected to grow at a CAGR of 8.9% during the forecast period.
• The Japan market holds a valuation of US$ 286.17 million as on 2023, and is projected to expand at a robust CAGR of 9.7% through 2033.
• The South Korea cashew processing machine market is expected to grow at a CAGR of 10.4% through 2033, and by 2033, the market is expected to be valued at US$ 167.93 million.
• Based on the type, the drying equipment segment has the highest market share, and is expected to grow at a CAGR of 7.5% during the forecast period.
• Based on the application, the cashew kernels segment has the highest market share, and is expected to grow at a CAGR of 7.1% during the forecast period.

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Competitive Landscape:

The key players in the market are implementing latest technologies to develop best quality machines. Apart from that, the focus has also been into entering into strategic partnership with cashew manufacturers, and in some cases, help them in forward integration as well.

Some of the recent developments in the cashew processing machine market are:

• AC Horn appoints Michael Douglas Horn Jr. as the new president of AC Horn manufacturing.
• In May 2022, TOMRA celebrated New South Wales container deposit scheme agreement extension.

Key Companies Profiled in the Cashew Processing Machine Market

• Machinery
• Shri Avdhut Industries
• TOMRA
• Alidhra Cashew Industries
• Suraj Engineering
• Rotex Transmission
• Rami International
• nuttech.eu
• JEM Equipment
• AC Horn Manufacturing
• Savage Equipment.

Global cashew processing machine market segmentation by category

By Product type:

• Roasting Equipment
• Peeling Equipment
• Drying Equipment
• Shelling Equipment
• Sorting and Grading Equipment
• Others

By Application:

• Cashew Kernels
• Cashew Nutshell Liquid
• Others

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific
• MEA
• Japan