Latest News- Cashew Market: Conventional or regular is expected to lead the Type segment during 2023-2027

The Cashew Market is being driven by Rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk

The Cashew Market is expected to grow at a CAGR of 5.3% during 2022 and 2027. During this period, the market is also expected to show a growth of 1123.96 th t. In the global food and beverages sector, there is a growing demand for products with "clean labels," which consumers perceive as recognizable and ethically sourced. This trend is particularly relevant to the cashew market in India, where producers, both large and small, are adopting fair trade practices. For instance, the TSS Totagar's Co-Operative Sale Society (TSS) in Karnataka, India, has led the way in promoting ethical standards. Even prior to the implementation of a formal regulatory framework, significant improvements have been observed in trade practices among private traders and commission agents. This shift towards fair trade is a response to the increasing consumer preference for ethically sourced cashews. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising cases of lactose intolerance and allergies associated with soy, hazelnut, and almond milk
• Strong distribution networks and omnichannel presence of vendors
• Several health benefits of consuming cashews

However, the market also witnesses some limitations, which are as follows:

• Potential source of allergens
• High production cost associated with cashews
• Stringent food safety regulations

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Market Scope in Cashew Market Research Report

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Research Analysis Overview

The Cashew Initiative highlights the health advantages of Cashews, a nut-bearing fruit-producing tree. Rich in Protein, Minerals, Fiber, Healthy Fats, Antioxidants, Magnesium, Zinc, Copper, and Phosphorus, Cashews are a popular choice for those seeking immunity boost and blood pressure regulation. The Cashew nut market thrives due to its use in snacks, heavy cream, and oil production. However, concerns over Aflatoxin contamination and its impact on Coronary heart disease persist. Cashews offer various health benefits, making them a valuable addition to the National Health Policy.

Market Research Overview

The global cashew market, classified under the packaged foods and meats segment of the food products industry in Technavio's global food, beverage, and tobacco market research, generates revenue for vendors involved in the processing and packaging of cashews. These vendors focus on eliminating microorganisms and extending shelf life to cater to health-conscious consumers seeking protein, minerals, fiber, healthy fats, and sugar from cashews. The market size is determined by the combined revenue generated by these vendors, excluding manufacturers of food processing equipment, packaged alcoholic and non-alcoholic beverages, and mineral waters.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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