Cashew Nut Oil Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12.1% from 2024 to 2030.
The cashew nut oil market has witnessed steady growth between 2018 and 2022, driven by rising demand for healthy oils and the increasing popularity of natural products. In particular, the oil’s use in cosmetic and pharmaceutical applications has fueled a surge in interest, particularly in markets such as North America and Europe. Cashew nut oil is known for its rich nutrient profile, including high levels of antioxidants, vitamins, and minerals, making it an attractive option for health-conscious consumers. In 2022, the market valuation was estimated at approximately USD 1.2 billion, with a projected compound annual growth rate (CAGR) of 5% during the forecast period of 2023 to 2033.
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Between 2023 and 2033, the demand for cashew nut oil is expected to rise substantially, with projections indicating the market could exceed USD 2.3 billion by the end of the forecast period. This is primarily due to shifts in consumer preferences toward plant-based and organic products. Additionally, the continued expansion of the health and wellness trend, alongside increased awareness of the oil’s nutritional benefits, will continue to drive demand. The rise in disposable incomes, especially in emerging markets such as Asia-Pacific, is also anticipated to support market growth. Manufacturers are increasingly focusing on production technologies that enhance the oil’s purity and quality, further boosting its appeal in the food, personal care, and pharmaceutical industries.
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CASHEW CHEM INDIA
Adarsh Industrial Chemicals
Beijing Wasdon Fruit Group
Cat Loi
Golden Cashew Products
K2P Chemicals
Kanco Southwest Enterprises
Paranjape Agro Products (India)
Satya Cashew Chemicals Pvt (SCCP)
Shivam Cashew Industry
Sri Devi Group
Subraya
Vasantham Agro Intaes
VietDelta Goods
XUZHOU ZHONGYAN TECHNOLOGY
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cashew Nut Oil Market
Coating
Rubber
Surfactant
Medicine
Biocomposite
Antibacterial
Others
Based on Types the Market is categorized into Below types that held the largest Cashew Nut Oil market share In 2023.
Purity:92%–95%
Purity:95%–97%
Purity: Above 97%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cashew Nut Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cashew Nut Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cashew Nut Oil Market, By Type
6. Global Cashew Nut Oil Market, By Application
7. Global Cashew Nut Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cashew Nut Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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