The global processed cashew market is set for substantial expansion, with a projected valuation exceeding USD 8,793.0 Million by 2032, according to a recent study by Future Market Insights (FMI). This anticipated growth, driven by increasing demand for superfoods and sustainable diets, presents lucrative opportunities for investors seeking to capitalize on the burgeoning food and beverage industry.
The processed cashew market has witnessed significant growth in recent years, fueled by the rising consumption of plant-based food products and the increasing preference for sustainable and healthy diets among consumers. Cashew nuts, known for their nutritional characteristics and health benefits, have emerged as popular choices for health-conscious individuals worldwide.
As consumers prioritize health and wellness, there is a growing demand for functional ingredients in the food and beverage industry. Processed cashew nuts, rich in dietary fiber and Omega-3 fatty acids, are increasingly being recognized for their digestive health benefits, cholesterol-lowering properties, and metabolism-boosting effects. This growing preference for health-conscious food choices is expected to drive the market for processed cashew over the forecasted period.
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Key Factors for Processed Cashew Market
- Processed cashew nuts offer a range of health benefits, including aiding digestion, lowering cholesterol, and boosting metabolism, driving consumer demand for these products.
- The processed cashew market is projected to witness significant growth, with a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032, reaching a valuation exceeding US$ 10 billion.
- Increasing consumer preference for clean-label, organic, and plant-based food products is driving the demand for processed cashew, presenting opportunities for manufacturers and investors alike.
Key Takeaways from Market Study
- The processed cashew market is estimated to expand at CAGR of 5.8% over the forecast period (2022-2032)
- In terms of nature, conventional segment of processed cashew is likely to be leading form through 2022.
- Organic processed cashew segment will witness highest growth during the assessment period
- Based on application, bakery & confectionery holds a dominant market share in this segment as processed cashews are widely used in cookies and biscuits.
- South Asia is expected to dominate the processed cashew market, with India spearheading the growth during the projection period.
“With hectic lifestyle, demand for quick, healthy, and convenient food options is surging. To capitalize on this growing demand for healthy snacks, key companies are introducing products such as nut butters, milks, roasted and coated cashews, cheeses, etc. This is likely to augment the sales in the market.”, says a Future Market Insights analyst.
Competitive Landscape.
- In 2020, Milled announced the launch of organic cashew which are Vegan, Gluten-Free, Paleo, Keto.
- Superior confectionery brand Chocolat Madagascar stated that they are ready to launch newest line of bars aiming the vegan sector particularly developed using fresh cashew chocolate.
Key Players:
- Shivam Cashew Industry
- Grau Nuts
- Mineral & General Co. Ltd.
- Beyond
- Favourite Cashews
- Petrow Food Group
- BoYo
- Proventus Agrocom Group
- Sweet & Delicious nut co.
Processed Cashew Market By Category
By Product Type:
- Cashew Flour
- Cashew Paste
- Cashew Protein Powder
- Cashew Oil
- Cashew Butter
- Coated/Flavored Cashews
- Sliced and Diced Cashews
- Others
By Nature:
- Conventional
- Organic
By End-Use Application:
- Protein Bars and Powder
- Cereals and Muesli
- Dairy Products
- Milk
- Yogurt
- Ice Creams
- Beverages
- Energy Drinks
- Shakes/Smoothies
- Coffee
- Bakery & Confectionery
- Biscuits/Cookies
- Bread/Muffins
- Cakes
- Chocolates
Country-wise Analysis for Processed Cashew Market:
USA Processed Cashew Market: The processed cashew market in the USA is experiencing significant growth, driven by the rising demand for healthy snacks. With consumers increasingly seeking convenient and nutritious snack options, the demand for almond and cashew products is on the rise. This trend is expected to propel the processed cashew market in the USA, with a projected valuation of US$ 840.6 million in 2022 and a CAGR of 4.1% through 2032.
Germany Processed Cashew Market: Germany presents a lucrative opportunity for the processed cashew market, fueled by the surging consumption of plant-based food products. As consumers embrace plant-based diets for health and sustainability reasons, the demand for processed cashew as snacks is expected to rise significantly. With a notable CAGR and a market share exceeding 21.5% in 2022, Germany is poised to drive growth in the processed cashew market.
India Processed Cashew Market: India, as the top producer and consumer of cashew globally, holds immense potential for the processed cashew market. Government initiatives promoting plant-based diets and favorable programs for farmers are contributing to the growth of the market in India. With increasing awareness of the health benefits of cashew products and government support, the market for processed cashew in India is expected to thrive.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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