Cashew nuts are rich in protein and antioxidants such as polyphenols. Cashew nuts offer a variety of health benefits. Cashew nuts help to lower down the rate of cholesterol. Due to their high magnesium content, they help to prevent heart disease and the risk of stroke. Cashew nuts are widely used as a snack. Additionally, cashew nuts are also used as the main ingredient in preparing various sweet and savory dishes.
MARKET SCOPE
The "Global Cashew Nuts Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cashew nuts market with detailed market segmentation by type, category, nature, distribution channel and geography. The report provides key statistics on the market status of the cashew nuts market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global cashew nuts market is segmented into whole, halves, and others.
- Based on category, the market is bifurcated into raw and processed
- Based on nature, the market is bifurcated into organic and conventional
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others
MARKET DYNAMICS
Drivers:
- Market growth is driven by changes in the consumption patterns of consumers coupled with the rising demand for healthier snacking options and vegetable sources of protein.
- Growing demand for flavored cashews to fuel consumption of cashew nuts.
Restraints:
- Many African countries are major producers of cashew nuts, however, the lack of processing industries may create an impact on the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cashew nuts market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cashew nuts in these regions.
IMPACT OF COVID-19 ON CASHEW NUTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cashew nuts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cashew nuts market are anticipated to witness lucrative growth opportunities in the future with the rising demand for cashew nuts in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cashew nuts market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aryan International
- Delphi Organic GmbH
- Bata Food
- Grau Nuts
- Frito-Lay North America, Inc.
- CBL NATURAL FOODS (PVT) LTD
- DIVINE FOODS, LLC.
- Hormel Foods, LLC
- Geewin Exim
- Achal Group
- JIVAORGANIC FOODS
- Jaybee's Nuts
- K. Subraya Anantha Kamath and Sons
- Shimlahills
- Terrasoul Superfoods
- Oh! Nuts.
- Anna and Sarah
- Sincerely Nuts
- John B. Sanfilippo & Son, Inc.
- Mavuno Harvest
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.