Asia Pacific Cashew Nuts Market

Asia Pacific Cashew Nuts Market Introduction:

Asia Pacific Cashew Nuts Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.

The cashew nut which is often simply called a cashew, is a widely consumed dry fruit. It is eaten on its own, processed into cashew butter or cashew cheese or is used in recipes. The shell of the cashew seeds yield derivatives which can be used in many applications such as paints, lubricants, waterproofing, and arms production. The cashew apple is a yellow to light reddish fruit, whose pulp can be processed into a astringent, sweet fruit drink or distilled into a liquor.

Cashew nuts are rich in protein, dietary fibre, and antioxidants and moderate amounts of polyunsaturated fats and heart-healthy monounsaturated fat, these essential fatty acids rise the levels of good high-density lipoprotein cholesterol and lower harmful low-density lipoprotein cholesterol in the blood composition. They are rich in various essential minerals like magnesium, potassium, calcium, copper, iron, zinc and phosphorus. Cashew nuts are also rich in vitamins such as vitamin C, vitamin E, vitamin B1, vitamin B2, vitamin B3, vitamin B6, and vitamin K.

Asia Pacific Cashew Nuts Market Drivers:

The driving factors of Asia Pacific 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.

Asia Pacific Cashew Nuts Market Segmentation:

Asia Pacific Cashew Nuts Market is segmented based on form into a whole, powder, paste, splits and roasted. The 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 categorized into hypermarkets and supermarkets, specialist stores, convenience stores, and retailers.

The Asia Pacific Cashew Nuts market is divided based on geography into India, China, Japan, Australia, and other parts of the region. The Asia Pacific has the third leading market for Cashew Nuts in the world, and it is also the fastest-growing region in the world owing to factors such as rising disposable incomes and a huge population base. Factors such as growing demand for convenience foods and rising awareness about its health benefits are expected to drive the market growth in the region.

Major Key Players covered in Asia Pacific Cashew Nuts Market:

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.