South Korea Cashew Kernel Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The South Korean cashew kernel market is experiencing robust growth, fueled by increasing demand from a variety of industries. Cashew kernels, the edible part of the cashew nut, are not only consumed as a snack but also play a crucial role in various food and beverage, pharmaceutical, and cosmetic sectors. South Korea, being a major consumer of cashews, has seen a surge in the market’s popularity, driven by evolving consumer preferences for healthy and nutritious food options.
In South Korea, the primary requirement for cashew kernels comes from the food industry. The demand is growing due to the rising consumption of nuts as part of a health-conscious diet. Cashews are used in a range of products, from snack mixes to bakery goods and confectioneries. The preference for cashews, compared to other nuts, is attributed to their rich flavor, crunchy texture, and high nutritional value. Industry experts suggest that cashew kernels are becoming a staple in South Korean households due to their versatility and health benefits, such as their high protein content, healthy fats, and antioxidants.
Pharmaceutical companies also heavily rely on cashew kernels for the production of supplements and health products. Cashew nuts contain essential vitamins and minerals such as magnesium, zinc, and copper, which are crucial for the human body. The pharmaceutical industry’s need for cashew kernels is expected to continue growing as more people turn to natural health supplements for immunity and overall wellness.
Additionally, the cosmetic industry is another significant consumer of cashew kernels in South Korea. Cashew oil, derived from the kernels, is used in various skin care products for its moisturizing and anti-inflammatory properties. As consumers demand natural and organic beauty solutions, the cosmetic industry’s reliance on cashew kernel oil is likely to increase, thus bolstering the market further.
The South Korean cashew kernel market is also supported by imports from countries like Vietnam and India, where large-scale cultivation and processing of cashews are taking place. The consistent supply of high-quality cashew kernels from these countries helps meet the local demand, ensuring that industries across South Korea can access a reliable source of this valuable commodity.
As the demand for healthy and natural food products continues to rise, the South Korean cashew kernel market is poised for further expansion. The diverse requirements from industries such as food, pharmaceuticals, and cosmetics highlight the growing versatility and importance of cashews in modern consumer markets.
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Basse Nuts
Blue Diamond Growers
Napa Nuts
PepsiCo
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Snak King Corp.
Star Snacks
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Tropical Foods
Prana Snacks
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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 South Korea Cashew Kernel Market
Whole Cashew Kernels
Broken Cashew Kernels
Cashew Pieces
Organic
Conventional
Food & Beverage
Cosmetics & Personal Care
Pharmaceuticals
Online
Offline
Raw
Roasted
Salted
Flavored
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cashew Kernel 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. South Korea Cashew Kernel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cashew Kernel Market, By Type
6. South Korea Cashew Kernel Market, By Application
7. South Korea Cashew Kernel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cashew Kernel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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