Latin America Cashew Nuts Market is expected to be worth USD 0.73 billion in 2024 and is estimated to be growing at a CAGR of 3.5%, USD 0.91 billion by 2029.
The cashew nut which is often simply called 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 yields derivatives that 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 an 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. The driving factors of Latin America 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 include an increasing number of working women, a rise in per-capita health expenditure, rapid urbanization, and growth in the 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.
This Research Report on Latin America Cashew Nuts Market is segmented, and sub segmented into following categories.
Latin America Cashew Nuts Market By Form
Latin America Cashew Nuts Market By Usage
Latin America Cashew Nuts Market By Distribution Channels
Latin America Cashew Nuts Market By Region
The Latin America Cashew Nuts market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as growing demand for convenience foods and rising awareness about its health benefits are expected to drive market growth in the region.
KEY PLAYERS IN LATIN AMERICA CASHEW NUTS MARKET
Key Players In Latin America Cashew Nuts 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.
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