Cashew nut processing is the process of transforming raw cashew nuts into products ready for consumption, such as roasted and salted cashews. It involves several steps including sorting, shelling, roasting, and packing. This type of processing is a crucial part of the food production chain, as it ensures that the final product is safe to eat and of the highest quality.
The process starts with the selection of raw cashew nuts. The nuts are then shelled using a mechanical process to remove the shells. After the shells are removed, the cashew kernels are then cleaned, sorted and graded. The next step involves roasting the kernels to give them a unique flavour. Finally, the roasted kernels are either salted or flavoured, packaged, and sealed before being ready for sale.
Scope for Startups in the Cashew Nut Processing Industry
The cashew nut processing industry provides a range of business opportunities for entrepreneurs and startups. With the rising global demand for cashew nuts, the industry has seen rapid growth in recent years. Cashew nut processing involves the harvesting, cleaning, sorting, shelling, grading, and packaging of raw cashew nuts. It also includes the roasting, grinding, and salting of cashew nuts to make cashew butter and other products.
Startups can get involved in any stage of the process, from harvesting and cleaning to sorting, packaging and selling. There are also a number of smaller opportunities available such as product development, marketing, and distribution.
For those looking to start their own business in the cashew nut processing industry, there is a wide range of potential opportunities. From setting up a small-scale farm or processor to opening a large-scale commercial processing facility, there are plenty of options to explore.
Indian Market Outlook
India processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025). Plain/salted cashews can be consumed in several ways under food/beverage applications on a household basis, which is driving the market for plain/salted cashews across the country. Increased applications of plain cashew in Indian culinary, especially in desserts, is one of the key factors driving the market. The processed cashew industry in India has great potential for growth and can be a lucrative business opportunity for entrepreneurs. With the right strategy and resources, startups in this industry can carve out a niche for themselves and make a mark in the market. India accounts for around 30 percent of global production and more than 60 percent of global exports of cashew nuts. The Indian government has taken a number of initiatives to boost the processed cashew industry.
Global Market Outlook
The global processed cashew market size was valued at US$ 5,003.6 Mn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032. Cashew nuts are highly sought-after ingredients for a variety of food products and recipes, with India, Vietnam, Nigeria, Brazil, and Thailand being the leading producers. In terms of demand, the cashew nut processing industry is driven primarily by the rising consumption of snacks, bakery items, chocolates, and other confectionery products. The increasing number of vegan and vegetarian diets is also contributing to the demand for cashew nuts as an alternative source of protein. Furthermore, the growing trend of convenience snacking is also driving up demand for cashew nut-based products.
As far as markets are concerned, North America and Europe are two of the major markets for cashew nut products. India and Vietnam are also significant exporters of processed cashew nuts in these regions. Additionally, China, South Korea, Japan, Indonesia, and Malaysia are also key importers of cashew nut products from various countries. Overall, the global market outlook for the cashew nut processing industry looks promising. With rising demand and an increasingly health-conscious population, the industry is likely to continue to grow steadily in the years to come.
Conclusion
Cashew nut processing is a profitable and sustainable industry, with a growing demand for the nut around the world. With the right knowledge and resources, starting a cashew nut processing business can be a rewarding endeavor. The industry offers a variety of benefits, such as being able to provide jobs to local communities, helping to increase farmers’ incomes, and reducing wastage through efficient processing. In addition, it provides an opportunity to expand into other markets and create new products. If you are looking for a way to start a new business or diversify your existing operations, consider the potential of cashew nut processing.
Key Players
· Shivam Cashew Industry
· Grau Nuts
· Mineral & General Co. Ltd.
· Beyond
· Favourite Cashews
· Petrow Food Group
· BoYo
· Proventus Agrocom Group
· Sweet & Delicious nut co.
