Cashew Nut Processing Equipment Market Size, Growth, Analysis, Demand And Forecast 2033
Global cashew nut processing equipment market size is expected to reach $7.94 Bn by 2028 at a rate of 8.3%, segmented as by type, roasting equipment, peeling equipment, drying equipment, shelling equipment, sorting and grading equipment, other types
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Overview and Scope
Cashew nut processing equipment refers to machinery and tools that process raw cashew nuts into edible cashew kernels by removing the highest possible weight of kernels from the nut in-shell, unbroken. It processes the cashew nuts, turning them from raw to peeled and roasted. This equipment streamline the production process, enhancing efficiency and quality.
Sizing and Forecast
The cashew nut processing equipment market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growing cashew nut consumption, quality and safety standards, globalization of trade, rising consumer awareness, supply chain integration.
The cashew nut processing equipment market size is expected to see strong growth in the next few years. It will grow to $7.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to emerging markets demand, automation and industry 4.0, sustainability practices, customization and flexibility, e-commerce growth. Major trends in the forecast period include technological advancements, automation and technology integration, energy-efficient processing, hygienic processing standards, customization for small and medium enterprises (smes).
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Segmentation & Regional Insights
The cashew nut processing equipment market covered in this report is segmented –
1) By Type: Roasting Equipment, Peeling Equipment, Drying Equipment, Shelling Equipment, Sorting And Grading Equipment, Other Types
2) By Operation: Automatic, Semi-Automatic
3) By End-Use: Cashew Nut Processing Plants, Commercial Kitchens
Asia-Pacific was the largest region in the cashew nut processing equipment market in 2023. The regions covered in the cashew nut processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing popularity of veganism is expected to propel the growth of the cashew nut processing equipment market going forward. Veganism is both a lifestyle and a dietary selection that refrains from utilizing wholly animal-derived products, dairy products, and the products that might be derived from the animals. Cashew nut processing equipment is used to peel the thin skin layer that covers the kernel, which can be further used into various food products. For instance, in March 2022, according to the Plant Based Foods Association, a US-based trade association representing the nation's plant-based food companies, retail sales of plant-based meals in the United States increased by 6.2% in 2021 compared to a record year of growth in 2020, bringing the market value of all plant-based products to an all-time high of $7.4 billion. Currently, 79 million households in the United States, or 62%, buy products made from plants, which is a 61% increase from 2020 (77 million in 2020). Therefore, the increasing popularity of veganism is driving the growth of the cashew nut processing equipment market.
Key Industry Players
Major companies operating in the cashew nut processing equipment market report are Tomra Systems ASA, Rotex Manufacturers & Engineers Pvt. Ltd., A/S Cimbria, GELGOOG Machinery Inc., Ss Engineering Works Limited, Abhay Engineering Private Limited, APS Industries Limited, Italiya International Food Machinery, Jem Equipment Corp., Krishna Industries Private Limited, Oltremare S.R.L., Oscar Cashew Tech Private Limited, Rami International Limited, Sree Rama Technology Industries (P) Ltd., AC Horn Manufacturing Company, Chirag Gopalbhai Chhatrala, CNSL Privet Limited, Divyesh Vyas & Co., Gayathri Industrial Products Limited Liability Partnership, GI Technology Private Limited, Locus Exim Private Limited, Mastana Jogi International Private Limited, MK Tech Engineering Pte. Ltd., Muskan Equipments Co., Parivartan Kaju House, Thai Cashew International Co. Ltd.
The cashew nut processing equipment market report table of contents includes:
1. Executive Summary
2. Cashew Nut Processing Equipment Market Characteristics
3. Cashew Nut Processing Equipment Market Trends And Strategies
4. Cashew Nut Processing Equipment Market - Macro Economic Scenario
5. Global Cashew Nut Processing Equipment Market Size and Growth
………
33. Global Cashew Nut Processing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cashew Nut Processing Equipment Market
35. Cashew Nut Processing Equipment Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cashew Nut Processing Equipment Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cashew Nut Processing Equipment Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cashew Nut Processing Equipment Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 74: Tomra Systems ASA Financial Performance
Table 75: Rotex Manufacturers & Engineers Pvt. Ltd. Financial Performance
Table 76: A/S Cimbria Financial Performance
Table 77: GELGOOG Machinery Inc. Financial Performance
Table 78: Ss Engineering Works Limited Financial Performance
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