According to the research report titled ‘Global Cashews Market, 2021-2027’, available with MarketStudyReport, global cashews market is anticipated to witness 4.2% CAGR between 2021-2027.
 

Rising adoption of vegan & plant-based diets, growing demand for flavored cashews, and increasing production due to favorable government initiatives are the key factors driving global cashews market expansion.
 

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For the unversed, cashews are edible kidney shaped nuts which are rich in protein and oil. They are usually roasted and shelled before eating, and the oil extracted from the shells is used as a lubricant in plastic production.
 

Increasing consumption of cashews as snacks, and their growing use in making sweet & dishes, cookies, chocolates, muesli and other food items will aid revenue inflow.
 

While high nutrient & fiber content of the product with benefits like enhancement in bone health and digestive functioning will aid industry growth, reduced supply and disruption in distribution channels due to the pandemic will act as challenges for businesses in this domain.
 

Based on product gamut, global cashews market is divided into natural, and flavored. Speaking of application scope, the business sphere is split into snacks, and cooking.
 

North America, South America, Europe, Asia Pacific, and Middle East & Africa are the key regional contributors to the market share. U.S., Mexico, Canada, Germany, U.K., France, Italy, India, China, Japan, South Korea, South Africa, Saudi Arabia, Turkey, Argentina, and Brazil are the countries analyzed thoroughly to understand the industry trends.
 

The research document entails detailed information pertaining to sales amassed, market share, revenue garnered, and growth rate of each segment over the forecast timeframe.
 

Leading players formulating the competitive landscape of worldwide cashews industry are Bestore Co. Ltd., YankerShop Food Co. Ltd., Frito-Lay Inc., Three Squirrels Inc., Olam International Limited, Shanghai LaiYiFen Co. Ltd., and Sahale Snacks Inc.
 

These companies are undertaking strategic decisions such as mergers & acquisitions, partnerships, alliances, investments in research & development, and launch of new products to enlarge profit margins and strengthen their foothold in the business sphere.