Growing Market of Cashew Value Added Products
Cashew apples and value-added products are the main by-products of the cashew nut industry. The 573,000 MT cashew apple, discarded after ingesting walnuts, is far more nutritious than many fruits and is a cashew jam using apple juice cashew, cashew jelly, and osmotic dehydration. This work will meet the apparent social health benefits, growing global demand of farmers, entrepreneurs, and consumers, maintain market share, and be economically viable ahead of the rapidly emerging competition in the worldwide market.
Increase Cashew Nut Consumption as a Healthy Snack
Edible cashew nuts have been used as snacks for many years and are also used as one of the main ingredients in sweets and dishes, especially Asian dishes. Cashew nuts have a relatively high fiber content than peanuts and help improve digestive function to gain healthy weight. This high-value nutrition has led snack makers to launch various cashew-based snacks to meet demand, including ready-to-drink cashew milk that acts as a lactose-free milk replacer.
Despite large cashew-producing countries such as India and Vietnam, the Asia Pacific region is a consistent importer of cashew seeds. Vietnam is one of the world's leading cashew nut consumers.
The Market of the Cashew
Currently, it is widely cultivated in Vietnam, Nigeria, and India as major producing countries. It was introduced to India in the second half of the 16th century for tree planting and soil conservation. Cashew nuts, along with tea and coffee, have become significant sources of foreign exchange since their humble beginnings as a crop aimed at controlling soil erosion. Cashew nuts sometimes referred to as "natural vitamins," produced £ 4.1 billion in 2002 and are now the number one nut crop in the world, promoting health for centuries.
In India, it is cultivated in 9.91 lakh, producing 6.92 lakh raw walnuts annually. It is mainly grown in Maharashtra, Goa, Karnataka, Kerala on the west coast, Tamil Nadu on the east coast, Andhra Pradesh, Orissa, and West Bengal. It is also cultivated in a limited area in non-traditional areas such as the Bastar region of Chhattisgarh, Karnataka, Gujarat, the Chorale region of Jharkhand mountainous regions of the northeast. It will be 25.0 lakh by 2030 and reach the 45.0 lakh mark of raw cashew nuts by 2050.
It has direct or indirectly 100,000 rupees on farms and factories, most of whom are women in the underdeveloped socio-economic community. The economy of many rural and suburban Indian villages depends on this industry. On average, the industry earns Rs 5.2 billion worth of foreign exchange annually in the country.
The most Notable Features of the Industry are:
• India accounts for about 25% of the world's total raw cashew production between 2016-17, our raw cashew production was estimated at Rs 78,000.
• Cashew cultivation is carried out in 17 provinces of India with an area of Rs 1041, 000.Hectare.
• India is the world's largest cashew processor (processing about 160,000 rupees of cashew nuts).
• Export of cashew nuts and related products made from roasted and salted cashew nuts, Cashew Seed, Cashew Shell Liquid (CNSL), and Cardanol (Purified CNSL). India has reached the rupee. 5213Cr for 2016-17. (The US $ 778).
• The export value of cashew nuts in 2016-17 is rupees. 5169 Cr. (the US $ 771) and India accounts for about 21 percent of the world's total cashew exports.
• Average cashew nut export prices tripled during the last Ten years from 200 rupees per kg in 2007-08 to 628 rupees per kg per year 2016-17.
• India exports Cashew nuts directly to more than 80 major markets. United Arab Emirates, United States, Saudi Arabia, Japan, Netherlands, Germany, Belgium, Members of South Korea, Spain, France, Great Britain, Kuwait, and Singapore. The domestic consumption of cashew nuts in India is estimated to be the largest in the world. In 2016-17, it will be about 27,000 rupees. Domestic consumption 70% in the last ten years.
• Unlike the rest of the world, consumption in India is primarily "broken" grade. It is used as a material for food.