The analysts forecast global cashew nut processing equipment market to grow at a CAGR of 5.31% during the period 2018-2022. The latest trend gaining momentum in the market is rise in foreign investments for cashew nut processing.
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The cashew nut processing industry is one of the major industries in emerging economies such as India, Brazil, Côte d’Ivoire, Vietnam, Nigeria, Thailand, and others.
There is an abundant availability of raw cashew nuts in countries such as Côte d’Ivoire, Nigeria, and Benin. In November 2016, the Government of Côte d’Ivoire exempted the locally processed nuts from export duties.
The aim of this move was to improve the cashew nut processing industry in the country. Owing to the enormous opportunities for the cashew industry in these countries, many foreign investors have been partnering with local entrepreneurs to set up plantations and processing factories in various countries.
For instance, in August 2017, many Vietnamese companies announced their plans to invest in new cashew nut processing companies to revive idle processors in Tanzania. Companies are aiming to boost cashew nut production in areas such as Tanga, Lindi, and Mtwara in Tanzania.
Major key players in the global cashew nut processing equipment market: Bühler, Cashew Machine, KHUÔN M�.Y VIỆT, MK Tech, Muskaan Group, and Oltremare
According to the cashew nut processing equipment market report, one of the major drivers for this market is Health benefits provided by cashew nuts. There has been an increase in the consumption of cashew nuts all over the world in processed as well as raw forms, owing to various health and nutritional benefits that they offer.
Cashew nuts contain proteins, dietary fibers, and carbohydrates. Cashews are rich in dietary minerals, including manganese, copper, phosphorous, and magnesium.
They also contain a significant amount of vitamins, iron, zinc, Increasing government support for cashew nut processing Health benefits provided by cashew nuts selenium, and potassium. Owing to these benefits, cashew nuts are consumed by many people in the form of snacks as well as used as an ingredient while cooking many dishes.
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Further, the cashew nut processing equipment market report states that one of the major factors hindering the growth of this market is High energy consumption. Increasing energy cost is one of the major concerns in the cashew nut processing industry.
There is a significant amount of energy used as thermal and electrical energy during cashew nut processing. The most energy-intensive operations in cashew nut processing are drying and roasting of cashew nuts.
These operations account for the major share of energy consumption. Drying of cashew nuts is carried out at temperatures of around 158�.�C-176°C in a tray dryer for around 6-8 hours.
Key questions answered in this cashew nut processing equipment market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Food Processing Equipment Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Cashew Nut Processing Equipment Market Market Size and Forecast 2017-2022 ($ Millions)
Exhibit 9: Global Cashew Nut Processing Equipment Market Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition Five Forces 2017
Exhibit 18: Product Market Share 2017-2022 (%)
Exhibit 19: Comparison by Product
Exhibit 20: Sorting and Grading Equipment Market Size and Forecast 2017-2022 ($ Millions)