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.
In case of specific conditions, doctors and health experts around the world are advising their patients to consume cashew nuts because they are a rich source of fibre, calcium, copper, antioxidants, and beneficial fatty acids. The market for cashew processing equipment has a tremendous opportunity as a result.
Additionally, according to research by FMI, the processed cashew market is anticipated to expand at a CAGR of roughly 5.8% over the course of the forecast period. This number unmistakably indicates that the market for cashew nut processing equipment has enormous potential.
Additionally, there are a few areas with significant dry fruit markets, such as the Middle East and Europe. According to a survey, the market for dry fruits is expanding in Europe. 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.
Request A Sample PDF: https://www.futuremarketinsights.com/reports/sample/rep-gb-16052
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.
Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-16052
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.
Key Companies Profiled in the Cashew Processing Machine Market
- Machinery
- Shri Avdhut Industries
- TOMRA
- Alidhra Cashew Industries
- Suraj Engineering
- Rotex Transmission
- Rami International
- nuttech.eu
- JEM Equipment
- AC Horn Manufacturing
- Savage Equipment.
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
LinkedIn| Twitter| Blogs