The global cashew nut processing equipment market to grow at a CAGR of 5.31% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global cashew nut processing equipment market for 2018-2022. To calculate the market size, the global cashew nut processing equipment market is segmented on the basis of products, into roasting equipment, peeling equipment, drying equipment, shelling equipment, sorting and grading equipment, and others. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is rise in foreign investments for cashew nut processing. The cashew nut processing industry is one of the major industries in emerging economies such as India, Brazil, Cte d’Ivoire, Vietnam, Nigeria, Thailand, and others. There is an abundant availability of raw cashew nuts in countries such as Cte d’Ivoire, Nigeria, and Benin. In November 2016, the Government of Cte d’Ivoire exempted the locally processed nuts from export duties. The aim of this move was to improve the cashew nut processing industry in the country.
Owing to the enormous opportunities for…