The North America Cashew Nut Kernel Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cashew Nut Kernel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,519.5 million by 2031. The Canada market is experiencing a CAGR of 5.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5% during (2024 - 2031).
The cosmetic and pharmaceutical industries are increasingly utilizing cashew nuts and their by-products due to their antioxidant, anti-inflammatory, and anti-aging properties. Cashew nut oil, rich in essential fatty acids and vitamins, is now a key ingredient in skincare and haircare products, offering deep hydration, reducing wrinkles, and preventing scalp irritation.
Moreover, many brands are incorporating cashew-based extracts in anti-aging creams, serums, and sun-protective formulations, capitalizing on their natural nourishing benefits. In oral care, cashew-infused toothpaste and mouthwashes are gaining popularity due to their antimicrobial and plaque-fighting properties, providing a natural alternative for maintaining dental hygiene.
The region's increasing focus on health-conscious eating, plant-based diets, and premium snack foods has driven consumer interest in cashew nuts. In the United States, the cashew nut kernel market thrives due to a surge in health-conscious consumers and the popularity of plant-based diets. The U.S. Dietary Guidelines for Americans, regularly updated by the U.S. Department of Agriculture (USDA) and the Department of Health and Human Services (HHS), recommend incorporating nuts like cashews into daily diets for their healthy fats, protein, and essential micronutrients.
Free Valuable Insights: The Cashew Nut Kernel Market is Predict to reach USD 8.42 Billion by 2031, at a CAGR of 5.0%
Based on Type, the market is segmented into Conventional, and Organic. Based on Product, the market is segmented into White Wholes, Scorched Wholes, Dessert Wholes, White Pieces, and Other Product. Based on Distribution, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, and Online Retailers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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