The Cashew Nuts Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Cashew Nuts Market is estimated to be USD xx billion in 2017 and predicted to rise to USD xx billion by 2022 with a CAGR of xx%. The market is divided by Form (Whole, Powder, Paste, Splits and Roasted), by Usage (Dairy Products, Confectionaries, Bakery Products, Snacks and Bars, Cereals, Desserts and Beverages), by Distribution Channel (Hypermarkets and Supermarkets, Specialist Stores, Convenience Stores and Retailers). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The driving factors of global Cashew Nuts market are growing demand for convenience foods, and ready-to-eat snacks. Availability of various flavours including butter, pepper, smoky, salted, has driven the sales of organic cashew nuts. Consumers are increasingly adopting to vegan lifestyle and opting for healthy substitutes for meat and dairy. Other factors attributable to the high growth includes increasing number of working women, a rise in per-capita health expenditure, rapid urbanization and growth in middle-class population. The presence of several natural ingredients in cashew nuts with rising awareness regarding health benefits is expected to contribute significantly to the growth of this market in the forecast period.
The global Cashew Nuts market is segmented based on form into whole, powder, paste, splits and roasted. Whole segment has the largest share in the segment. By usage, the market is divided into dairy products, confectionaries, bakery products, snacks and bars, cereals, desserts and beverages. By distribution channels, the market is categorised into hypermarkets and supermarkets, specialist stores, convenience stores and retailers.
The Global Cashew Nuts market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Cashew Nuts in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to huge population base and rising disposable incomes.
Some of the major players in the market are Ajanta Industries, Achal Cashew nuts, Agrocel Industries, ALIEN GREEN, BATA FOOD, Cascade Agroindustrial S.A., CBL Natural Foods (PVT) LTD., DIVINE FOODS, Delphi Organic, Aryan International, Tierra Farm and others.
Browse through the full report at https://www.marketdataforecast.com/market-reports/cashew-nuts-market-6077/ and checkout our recent reports in the Processed Food at https://www.marketdataforecast.com/subcategory/processed-food-15/ For more insights and up-to-date industry news don’t forget subscribing to our newsletters.