The global processed
cashew market is set to witness growth at a CAGR of 5.8%,
surpassing US$ 8,793.0 Mn by 2032, finds Future Market Insights
(FMI). Growth is driven
by rising demands for superfood with nutritional properties.
Consumers
are increasingly interested in diets that are both sustainable and healthy. Hence,
adoption of sustainable food products such as plant-based is increasing. With
growing awareness of the importance of living a healthy lifestyle, preference
for a natural diet is expected to propel.
With
increased competition among companies producing functional ingredients as the
food and beverage industry, companies are constantly innovating to design novel
products in order to maintain market leadership.
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.
Ø In 2020,
Milled announced the launch of organic cashew which are Vegan, Gluten-Free,
Paleo, Keto.
Ø
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.
Explore More Valuable Insights
Future
Market Insights, in its new report, offers an unbiased analysis of the global processed
cashew market, presenting historical data (2017-2021) and estimation statistics
for the forecast period of 2022-2032.
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
- Breads/Muffins
- Cakes
- Chocolates
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
east and Africa
Access Full Report:https://www.futuremarketinsights.com/reports/processed-cashew-market