Global Cashew Processing Machine Market 2023 Growth, COVID Impact, Trends Analysis Report 2023

 The global cashew processing machine market is valued at US$ 5203.10 million as on 2023. The market is projected to grow at a CAGR of 7.4% during the forecast period, and is expected to reach a valuation of US$ 10624.41 million by 2023.

Being a rich source of fibre, calcium, copper, antioxidants, and useful fatty acids, the doctors and health experts across the world are prescribing their patients to have cashew nuts in case of certain conditions. This represents huge opportunity for the cashew processing machine market.

Moreover, based on research conducted by FMI, the processed cashew market is expected to grow at a CAGR of around 5.8% during the forecast period. This figure certainly suggests that the market of cashew nut processing machine definitely holds huge prospects.

Moreover, there are a few regions like Middle East and Europe, which are huge dry fruits market. Based on a survey conducted, it was found that Europe is a burgeoning dry fruits market. This is well expected to increase the demand for cashew machine during the forecast period.

One of the biggest benefits related to the usage of cashew processing machine is that the fixed labour costs drastically come down.

Apart from that, the manufacturers are particularly impressed by the increase in yield and improvement in the sorting and grading efficiencies that is obtained because of the implementation of cashew processing machine.

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Moreover, the adoption of certain technologies like TOMRA 5B, which is a smart view camera technology and the NIMBUS BSI+ technology, which is implemented for the purpose of scanning is attracting a lot of potential investors towards the cashew processing machine market.

The cashew processing machines come with an amazing ability of processing cashews worth 200 kg/hr to 350 kg/hr, which shows the potential of this machine.

Thus, from the insights provided by FMI, it is quite clear that “burgeoning cashew market, coupled with benefits offered like increase in yield, and implementation of latest technology to improve the efficiency is expected to increase the sales of cashew processing machine during the forecast period.”

Key Takeaways:

  • The cashew processing machine market is valued at US$ 5203.10 million as on 2023.
  • By 2033, the market is expected to reach a valuation of US$ 10624.41 million.
  • The market is expected to grow at a CAGR of 7.4% during the period 2023–2033.
  • The US cashew processing machine market is valued at US$ 1873.12 million as on 2023, and is expected to grow at a CAGR of 6.8% during the forecast period.
  • The UK market is valued at US$ 338.20 million as on 2023, and is forecasted to grow at a CAGR of 6.2% during the forecast period.
  • The China cashew processing machine market is valued at US$ 473.48 million as on 2023, and is expected to grow at a CAGR of 8.9% during the forecast period.
  • The Japan market holds a valuation of US$ 286.17 million as on 2023, and is projected to expand at a robust CAGR of 9.7% through 2033.
  • The South Korea cashew processing machine market is expected to grow at a CAGR of 10.4% through 2033, and by 2033, the market is expected to be valued at US$ 167.93 million.
  • Based on the type, the drying equipment segment has the highest market share, and is expected to grow at a CAGR of 7.5% during the forecast period.
  • Based on the application, the cashew kernels segment has the highest market share, and is expected to grow at a CAGR of 7.1% during the forecast period.

Competitive Landscape

The key players in the market are implementing latest technologies to develop best quality machines. Apart from that, the focus has also been into entering into strategic partnership with cashew manufacturers, and in some cases, help them in forward integration as well.

Some of the recent developments in the cashew processing machine market are:

  • AC Horn appoints Michael Douglas Horn Jr. as the new president of AC Horn manufacturing.
  • In May 2022, TOMRA celebrated New South Wales container deposit scheme agreement extension.

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