Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8 Billion | USD 11 Billion | 4.5% | 2022 |
FrequentlyAsked Questions
Cashew nuts are rich in minerals and vitamins. Moreover, the need for a convenient diet is likely to steer the demand for cashew nuts across the globe.
The global cashew nuts market growth over forecast period can be owing to the rise in the intake of plant-based foods along with the growing trend of a vegan diet.
According to a study, the global cashew nuts industry size was $8 billion in 2022 and is projected to reach $11 billion by the end of 2030.
The global cashew nuts market is anticipated to record a CAGR of nearly 4.5% from 2023 to 2030.
The Asia-Pacific cashew nuts industry is set to register the fastest CAGR over the forecasting timeline owing to an increase in the use of the product in various cuisines in countries such as India, China, Japan, Thailand, Malaysia, and Indonesia.
The global cashew nuts market is led by players such as Vietnam Cashew Processing Company, Alphonsa Cashew Industries, Ajanta Industries, Divine Foods, Achal Cashew Nuts, Delphi Organic, Agrocel Industries, Bata Food, CBL Natural Foods Private Limited, Bismi Cashew Company, Aryan International, Alien Green, Nutsco Inc., and Cascade Agroindustrial S.A.
The global cashew nuts market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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