Global Cashew Nut Butters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cashew Nut Butters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Cashew Nut Butters market finds that the global Cashew Nut Butters market reached a value of USD 542.08 million in 2022. It’s expected that the market will achieve USD 802.33 million by 2028, exhibiting a CAGR of 6.75% during the forecast period.

Opportunities

As one of the creamiest nut butters, cashew butter makes for an excellent dairy replacement in vegan desserts and recipes. At the same time, according to the statistics of the American Vegetarian Association, the number of vegetarians in the United States is between 2% and 8%, the number of vegetarians in Germany is 7.4 million, accounting for 8.4% of the national population, and the proportion of vegetarians in the UK is also high. %, the Netherlands and France are 4.4% and 0.9% respectively, while the proportion of vegetarians in some parts of Italy has reached 10% to 18%. India is the country with the largest population of vegetarians in the world. There are about 40% of the country's population and nearly 400 million people. The gradual popularization and development of vegetarianism has greatly promoted the cashew nut butters market.
Internet marketing is the most representative and low-cost, high-efficiency new business form in the 21st century. The development and maturity of network marketing has shortened the distance between producers and customers, less marketing costs, and promoted product sales. The development of logistics and transportation has shortened the product life cycle, and modern warehousing logistics services have reduced costs for enterprises.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Justin's is one of the major players operating in the Cashew Nut Butters market, holding a share of 3.77% in 2018.

Justin's is an American brand of natural and organic nut butter and peanut butter cups. Justin's manufactures and sells canned and single-squeezed nut butter packs, as well as a variety of organic peanut butter cups.

Wild Friends is an innovative, clean-label food brand, specializing in non-GMO nut and seed butters and nut butter-based breakfast items.

Segmentation Overview:

Among different product types, Roasted segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Supermarkets/Hypermarkets segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cashew Nut Butters market covered in Chapter 3:

Justin's
Bliss Nut Butters
Krema
Artisana Organics
East Wind
The Butternut Co
Once Again
Wild Friends
Meridian
Pic's Peanut Butter
Superior Nut Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Cashew Nut Butters market from 2018 to 2029 is primarily split into:

Raw
Roasted

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cashew Nut Butters market from 2018 to 2029 covers:

Supermarkets/Hypermarkets
Convenience Stores
E-Commerce
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)