![]() ![]() Such high-value nutrition has prompted snack manufacturers to launch several cashew-based snacks to meet the demand, such as ready-to-drink cashew milk, which acts as a lactose-free milk substitute. Cashews are relatively high in fiber compared to peanuts, and they help gain a healthy weight by improving digestive function.Nevertheless, cashews have an inflation-driven consumption pattern, as reported by the International Nut and Dried Fruit Council. Cashews are known to be high in nutrients, such as copper, which improve bone health, as one ounce of cashew contains 622 micrograms of copper. Moreover, cashews are used in mueslis, energy bars, cookies, chocolates, and ice creams. Cashews are also used as one of the main ingredients in preparing various sweet and savory dishes, especially in Asian cuisine. Edible cashews have been used as a snack for a long time.Report scope can be customized per your requirements. Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) The report offers the market sizing in terms of volume in metric tons and value in USD thousand. The global cashew market is segmented by grade (white wholes, scorched wholes, dessert wholes, white pieces, scorched pieces, and dessert pieces) and geography (North America, Europe, Asia-Pacific, South America, and Africa). Raw cashew nuts (in-shell) have been considered while collecting data for production. However, the Competitive Cashew Initiative, formerly known as the African Cashew Initiative, has been playing a vital role in the marketing of high-quality raw cashew kernels in Benin, Côte d'Ivoire, Mozambique, and Ghana, which further enhanced the production and processing efficiencies in these countries in various ways, such as the promotion of SAP software in the cashew value chain in West Ghana.Ĭashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before being eaten. The consumption of cashew kernels, whole or pieces, has had limited exposition to the consumers in West and East Africa, which is attributed to the untapped retail market for ready-to-eat cashews for the consumers in the region. Increasing demand for flavored cashews and favorable government initiatives are further fueling the consumption of cashew nuts in the African region.The resurgence in the Brazilian economy has been troubled by the mounting fiscal deficit, and thus, it is leading the consumption of cashews to depend heavily on the inflation rates. Brazil, on the other hand, has always been a price-sensitive consumer of cashew kernels. However, the application of cashew kernels in consumers' diets has been steady in South America, with multinational manufacturers penetrating the market with assorted cashew products, suiting the healthier diet regime across the country. An increasing number of cashew-infused product manufacturers have attracted young and old consumers with the launch of new and innovative products, such as cashew-butter yogurt in the United States and roasted spice-coated cashew kernels in India. People who embrace a plant-based vegan diet prioritize alternative sources of protein instead of those derived from animals, resulting in the soaring demand for nuts and nut-infused foods. In recent years, there has been a global trend that looks favorably at vegan and plant-based diets. ![]() The Cashew Market size is estimated at USD 7.57 billion in 2023, and is expected to reach USD 8.91 billion by 2028, growing at a CAGR of 3.31% during the forecast period (2023-2028). ![]()
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