Global Cashew Market to Reach US$ 10.5 Billion by 2032, Propelled by the Increasing Health Consciousness Among Individuals

March 15, 2023 | Food & Beverages

The latest report by IMARC, titled “Cashew Market Report by Form (Whole, Roasted, Powder, Paste, Splits), Distribution Channel (Supermarkets, Retailers, Online Stores, and Others), Application (Dairy Products, Bakery Products, Snacks and Bars, Confectionaries, Cereals, Desserts, Beverages, Cosmetic Products, and Others), and Region 2024-2032”, finds that the global cashew market size reached US$ 7.5 Billion in 2023. Cashew refers to a kidney-shaped nut rich in vitamin K, protein, healthy fat, antioxidants, magnesium, zinc, copper and oil. It is roasted and the shell is removed before consumption. It grows near the sea areas and is harvested at the end of summer. Cashew offers numerous health benefits, such as it reduces the risk of cardiovascular diseases and blood cholesterol level, prevents gallstones and cancer, and helps in healthy brain function. In recent years, cashew has gained traction, as it is widely used as snacks, ingredients in restaurants, and desserts like ice creams in the food and beverage (F&B) industry.

Global Cashew Market Trends:

One of the primary factors driving the market is the increasing health consciousness among individuals and the augmenting demand for healthy snacking options. Additionally, the transition in eating habits, and change in lifestyle of the masses globally is creating a positive market outlook. Other than this, the increasing number of individuals diagnosed with lactose intolerance is leading to a rise in the demand for cashew nut milk, thus positively influencing the market growth. Besides this, cashews are extensively employed in the personal and beauty care industry as an active ingredient in hair oils, as they contain unsaturated fats, magnesium, zinc, and vitamin E. In line with this, the growing popularity of veganism and rising number of individuals adopting a plant-based vegan diet is increasing the demand for nuts and nut-infused foods. Along with this, the introduction of flavored cashews, including chili lime, sweet, and spicy cashew nuts, is creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 10.5 Billion by 2032, expanding at a CAGR of 3.85% during the forecast period (2024-2032).

Market Summary:

On the basis of the form, the market has been divided into whole, roasted, powder, paste and splits.
Based on the distribution channel, the market has been segmented into supermarkets, retailers, online stores, and others.
On the basis of the application, the market has been categorized into dairy products, bakery products, snacks and bars, confectionaries, cereals, desserts, beverages, cosmetic products, and others.
Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being Agrocel Industries Pvt. Ltd., Aryan International, Aurora Products Inc., Bata Food Group, 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Form, Distribution Channel, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Cashew Market to Reach US$ 10.5 Billion by 2032, Propelled by the Increasing Health Consciousness Among Individuals

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.