Cashews Anyone?

The global cashew market is estimated to be worth around $7.82 billion in 2024. It is expected to reach $9.20 billion by 2029, growing at a CAGR of 3.31% during the forecast period. This growth is driven by several factors, including:

·         Increasing demand for healthy snacks. Cashews are a good source of protein, fiber, healthy fats, vitamins and minerals, which makes them a popular choice for health-conscious consumers.

·         Rising disposable incomes. As disposable incomes rise in developing countries, consumers are spending more on food and beverages, including nuts and seeds.

·         Growing popularity of plant-based diets. Cashews are a good source of plant-based protein, which is driving demand among vegans and vegetarians.

·         Expanding applications in the food industry. Cashews are used in a wide variety of food products, such as snacks, dips, spreads, dairy alternatives, and baked goods.

Working in conjunction with our processing partners, Hoover Ingredients would welcome the opportunity to assist with your cashew requirements. Whether you are looking for cashew pieces or wholes, we can find the right product for your application. Let’s chat!