Cashews Market

Cashews Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Analysis of Cashews Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cashews Market Forecast and CAGR

According to latest research by Fact.MR., cashews market is set to witness steady growth during 2021 to 2031. Demand for cashews will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Increased demand from healthcare industry will mean optimistic growth opportunities in near future, moreover, sales of cashews in food and beverages will provide momentum to market growth.

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What is Driving Demand for Cashews?

The ever-evolving end-user demand for food supplements that cater their health more is driving the demand for cashews in various industries. Food & beverages industry applications still at the pinnacle for cashew nut utilization and revenue generation making it a lucrative business.

Medical industry also utilizing cashew nuts for heart disease control, eye protection, blood disease prevention and weight loss. The skincare and cosmetics industry using cashews for manufacturing skin protection creams and hair shiners. Supplements industry utilizing it as flavor and dietary fiber.

The increasing awareness among modern consumers about the benefits of nuts intake to supplement body regularly accounting for high demand. The food service industry is another demand driver for cashew nut utilization in various preparations and as snacks by various beverage providers.

Snacks Industry Likely to Augment Cashew Nut Sales

The increasing demand for a healthy snack range among modern consumers and the need for a snack type that is harmless even on regular consumption are some potent factors that are impressing the snack manufacturers to add more nut-based snacks in their product range. This has casted an optimistic footprinton the overall market growth for cashews.

The snack range is versatile in itself providing a number of flavors to choose from resulting in providing customers with freedom of choice. Cashew’s utilization in food service industry especially as a drink supporter in bars and pubs is also aiding to its market expansion.

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India Cashew Market Outlook

India other than being the world’s largest cashew nut producer is also the biggest consumer and a leading importer. The demand for cashew nut in Indian market is likely to increase at a steady pace owing to an increase in the cashew nut processing capacity. Still the consumption is more than its production.

The demand for cashew nut is lead by the food and beverages industry. The rising numbers of manufacturers constantly subsidizing research and development in the product range to make it suitable for the ever-evolving taste choices of its consumers is targeting consumers of all age groups. For example, cashew nuts in roasted, fried, salty, sweet, spice coated etc. varieties were introduced by key companies keeping in mind the local palate.

The increased utilization is also a result of increased imports of shelled cashews in the Indian region. Moreover, the use of cashew nuts for dietary and medical purposes is boosting its market growth in India. The product innovation and development resulted in new cashew-based beverages like ready-to-drink lactose-free milk substitute. This momentum will result in optimistic marketplace growth for cashew market.

Europe Demand Outlook for Cashews

The European market is observing a steady increase on the consumption of cashew nut over time. The market in recent time has been flooded with products containing cashews be it bread spreads or snacks, which has resulted in an overall increase in the consumption of cashews. The regional import increased by 5% in 2019 and the market trends suggests optimistic increase in the forecast period of 2021 to 2031.

The impact of Covid-19 pandemic on the growth of European cashew market was very subtle. As even in the last 6 months of 2020, the imports and consumption were almost twice that observed in the previous year. The demand is projected to be stable but some hindrances in the supply by producing nations may cast some fluctuations in import quantities.

The high imports also result in reduction of prices and cheaper prices attract more consumers. Even during the pandemic, the consumption of cashew nut in the food manufacturing and food service industries have seen a decline but the household consumption was also increased at the same time. The European marketplace is a lucrative one for cashew nut business.

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Who are the Key Manufacturers and Suppliers of Cashew?

Some of the leading manufacturers and suppliers of cashew nuts includes

  • Hormel Foods Corporation
  • Sahale Snacks Inc.
  • Sunshine Nut Co.
  • Snyder's-Lance Inc.
  • Food to Live
  • Glenda’s Farmhouse
  • Feridies
  • Rancrisp
  • Woodstock Farms Manufacturing
  • Tong Garden Co.
  • Others

Many key manufacturers and suppliers have switched to new marketing strategies as a result of falling export rates with potential markets. For instance, in 2019 India owing to its worst fall of exports planned to implement new branding exercise in the U.S., the biggest marketplace for Indian cashew nuts. A much-needed effort by Indian exporters as the U.S. market place started utilizing cheap cashews over quality Indian ones.

Cashew Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Key Segments

  • By Raw Material :

    • Cashew nut
    • Cashew fruit

  • By Form :

    • Roasted
    • Raw/ Dry
    • Fried
    • Whole
    • Halves
    • Crushed/ Powdered
    • Emulsion

  • By End-use Industry :

    • Food & Beverages
      • Snacks
      • Convenience Food
      • Bakery/ Confectionery
      • Others
    • Foodservice
    • Household/ Retail
    • Others

  • By Distribution Channel :

    • Business to Business
    • Business to Consumers
      • Supermarkets/ Hypermarkets
      • Convenience Stores
      • Departmental Stores
      • Specialty Stores
      • Online Retails

  • By Region :

    • North America
      • US & Canada
    • Latin America
      • Brazil, Mexico, Others
    • Western Europe
      • EU5
      • Nordics
      • Benelux
    • Eastern Europe
    • Asia Pacific
      • Australia and New Zealand (ANZ)
      • Greater China
      • India
      • ASEAN
      • Rest of Asia Pacific
    • Japan
    • Middle East and Africa
      • GCC Countries
      • Other Middle East
      • North Africa
      • South Africa
      • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Table of Content

  • 1. Executive Summary
  • 2. Industry Introduction, including Taxonomy and Market Definition
  • 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
  • 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
  • 5. Pricing Analysis
  • 6. Global Market Analysis and Forecast
  • 7. Global Market Analysis and Forecast, By Raw Material
    • 7.1. Cashew Nut
    • 7.2. Cashew Fruit
  • 8. Global Market Analysis and Forecast, By Form
    • 8.1. Roasted
    • 8.2. Raw/ Dry
    • 8.3. Fried
    • 8.4. Whole
    • 8.5. Halves
    • 8.6. Crushed/ Powdered
    • 8.7. Emulsion
  • 9. Global Market Analysis and Forecast, By End-Use Industry
    • 9.1. Food & Beverages
    • 9.2. Foodservice
    • 9.3. Household/ Retail
    • 9.4. Others
  • 10. Global Market Analysis and Forecast, By Distribution Channel
    • 10.1. Business to Business
    • 10.2. Business to Consumers
  • 11. Global Market Analysis and Forecast, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Western Europe
    • 11.4. Eastern Europe
    • 11.5. East Asia
    • 11.6. South Asia & Pacific
    • 11.7. MEA
  • 12. North America Sales Analysis and Forecast, by Key Segments and Countries
  • 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
  • 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
  • 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
  • 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
  • 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
  • 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
  • 19. Sales Forecast by Raw Material, Form, End-Use Industry, and Distribution Channel for 30 Countries
  • 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
  • 21. Company Profile
    • 21.1. Hormel Foods Corporation
    • 21.2. Sahale Snacks Inc.
    • 21.3. Sunshine Nut Co.
    • 21.4. Snyder's-Lance Inc.
    • 21.5. Food to Live
    • 21.6. Glenda’s Farmhouse
    • 21.7. Feridies
    • 21.8. Rancrisp
    • 21.9. Woodstock Farms Manufacturing
    • 21.10. Tong Garden Co.

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List Of Table

Table 1: Global Market US$ Mn Forecast by Region

Table 2: Global Market US$ Mn Forecast by Raw Material

Table 3: Global Market US$ Mn Forecast by Form

Table 4: Global Market US$ Mn Forecast by End-Use Industry

Table 5: Global Market US$ Mn Forecast by Distribution Channel

Table 6: North America Market US$ Mn Forecast by Country

Table 7: North America Market US$ Mn Forecast by Raw Material

Table 8: North America Market US$ Mn Forecast by Form

Table 9: North America Market US$ Mn Forecast by End-Use Industry

Table 10: North America Market US$ Mn Forecast by Distribution Channel

Table 11: Latin America Market US$ Mn Forecast by Country

Table 12: Latin America Market US$ Mn Forecast by Raw Material

Table 13: Latin America Market US$ Mn Forecast by Form

Table 14: Latin America Market US$ Mn Forecast by End-Use Industry

Table 15: Latin America Market US$ Mn Forecast by Distribution Channel

Table 16: Western Europe Market US$ Mn Forecast by Country

Table 17: Western Europe Market US$ Mn Forecast by Raw Material

Table 18: Western Europe Market US$ Mn Forecast by Form

Table 19: Western Europe Market US$ Mn Forecast by End-Use Industry

Table 20: Western Europe Market US$ Mn Forecast by Distribution Channel

Table 21: Eastern Europe Market US$ Mn Forecast by Country

Table 22: Eastern Europe Market US$ Mn Forecast by Raw Material

Table 23: Eastern Europe Market US$ Mn Forecast by Form

Table 24: Eastern Europe Market US$ Mn Forecast by End-Use Industry

Table 25: Eastern Europe Market US$ Mn Forecast by Distribution Channel

Table 26: East Asia Market US$ Mn Forecast by Country

Table 27: East Asia Market US$ Mn Forecast by Raw Material

Table 28: East Asia Market US$ Mn Forecast by Form

Table 29: East Asia Market US$ Mn Forecast by End-Use Industry

Table 30: East Asia Market US$ Mn Forecast by Distribution Channel

Table 31: South Asia & Pacific Market US$ Mn Forecast by Country

Table 32: South Asia & Pacific Market US$ Mn Forecast by Raw Material

Table 33: South Asia & Pacific Market US$ Mn Forecast by Form

Table 34: South Asia & Pacific Market US$ Mn Forecast by End-Use Industry

Table 35: South Asia & Pacific Market US$ Mn Forecast by Distribution Channel

Table 36: MEA Market US$ Mn Forecast by Country

Table 37: MEA Market US$ Mn Forecast by Raw Material

Table 38: MEA Market US$ Mn Forecast by Form

Table 39: MEA Market US$ Mn Forecast by End-Use Industry

Table 40: MEA Market US$ Mn Forecast by Distribution Channel

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List Of Figures

Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region

Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Raw Material

Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel

Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How much is the Cashews Market likely to be Worth in 2022?

The cashews market is likely to be worth US$ 452 Million in 2022.

Why Cashew Market has High Growth potential?

The cashew market has high growth potential due to the rising preference for cashew-infused products by consumers.

Where will Manufacturers find the Most Opportunities in the Cashew Industry?

The manufacturers in the cashew industry are likely to find the most opportunities in the Asia Pacific region.

Cashews Market

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