Description
Cashew nuts, super-rich in oil and protein, are edible kidney-shaped nuts and cooked and shelled before eating. As a lubricant, the oil obtained from the shells is used in plastics manufacturing. The research analyses the cashew market’s global position.
Global cashew nuts market: Overview
In 2018, the cashew market was valued at USD 9.9 million and is expected to achieve USD 12.7 million by 2024, with an impressive CAGR. African countries contributed more than 55 per cent of worldwide manufacturing among all cashew-producing nations, while Asian countries contributed 44 per cent of global production in 2018. Vietnam has widened its export presence to over 85 nations over the past eight years and continues to remain the sole largest supplier of the cashew nuts to the countries like China, US., Canada, New Zealand, and Australia.
Request for Sample Report @ https://www.wiseguyreports.com/sample-request/3543138-global-cashew-nuts-market-insights-forecast-to-2025
Global cashew nuts market: Growth propellers
To guarantee high returns, countries like Vietnam are implementing high-density planting, commercial farming, and seed programs. They are also invested strongly in mechanizing the entire processing of cashew to save on labour and bringing competitive consistency to the price.
The United States continues to be the world market’s biggest importer of cashew kernel, with 2018 exports worth USD 1.6 million. Because cashew farming needs a frost-free tropical climate, cultivation is restricted to extreme southern Florida, Hawaii, and Puerto Rico in the United States. No commercial cashew nuts are being manufactured in the U.S. Imports are done from the nations such as Vietnam, and India.
Global cashew nuts market: Segmental Analysis
Global cashew nuts market is segmented based on grades WW-180, WW-210, WW-240, and WW-320, which are widely accepted. Up till now, however, there are no automated systems available on the market for grading the section of white wholes and estimating standard features such as colour and geometry.
White kernels are mainly exported from Côte d’Ivoire to Europe, U.S., and Canada. Cashews under this grade should be completely free of infestation, insect damage and mold to achieve the global market price. Standard acceptable grades are SW-180,SW-210,SW-240,SW-320, and SW-450.
Additionally, EU buyers usually decide their scorched wholesale grade cashew rates based on online auctions, as prices are not accessible on public domains.
In the European market, they are generally considered as the replacement for almonds, hazelnuts, or in trail mixes. Small white parts are sometimes used in pesto sauce and ice cream coating in Italy.
Global cashew nuts market: Regional Analysis
Based on the region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and the Middle East & Africa, who are the major consumers of cashew.
North America is expected lead the consumer race during the forecasted period, followed closely by Europe.
Continued…
Buy Now @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=3543138
Contact Us: Sales@Wiseguyreports.Com Ph: +1-646-845-9349 (Us) Ph: +44 208 133 9349 (Uk)
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: https://www.wiseguyreports.com/sample-request/3543138-global-cashew-nuts-market-insights-forecast-to-2025