Market Research Report
Global Cashew Nuts Market 2020-2026
|Global Cashew Nuts Market 2020-2026|
Published: January 20, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Cashew Nuts Market Size, Share & Trends Analysis Report, By Form (Raw and Roasted), By Distribution Channel (Online and Offline) and Forecast, 2020-2026
The global cashew nuts market is estimated to grow significantly during the forecast period. Rising demand for branded cashew nuts is primarily leading to increasing growth of the market. The demand for branded cashew nuts has increased dramatically, owing to the increasing popularity among the millennial population and rising launches of new innovative cashew nuts. As per the Organization for Economic Cooperation and Development (OECD), the working-age population (15-64) in the US, France, Germany, UK, and Canada were 65.4%, 62.1%, 65.0%, 63.8%, and 66.7%, respectively. The millennial population highly prefers healthier snacks with an adequate nutritional profile. Roasted cashews are a healthier option while eaten in moderation as they are cholesterol-free and can reduce cholesterol levels owing to their dietary fiber and phytosterols. Additionally, cashews are a good source of minerals and proteins. This, in turn, is contributing to the increasing demand for cashew nuts.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2019, Asia-Pacific is anticipated to hold a potential share in the market owing to the rising production and consumption of cashew nuts in the region. As per the International Nut and Dried Fruit Council, the estimated consumption of cashews in India and China were 253,768 metric tons and 47,549 metric tons, respectively in 2017. Cashew nuts are increasingly consumed as snacks owing to its protein-rich source that supports to maintain energy levels all over the day.
Some prominent players in the market include PepsiCo, Inc., Blue Diamond Growers, Haldiram Foods International Pvt Ltd., the Kraft Heinz Co., and Olam International. These players have been implemented some potential strategies to increase their competitiveness in the market. For instance, in May 2020, PepsiCo, Inc. launched two direct-to-consumer websites, including Snacks.com and PantryShop.com. These websites allow shoppers to order a range of food and beverage brands of PepsiCo. With the increasing consumers' inclination towards online platforms for their food and beverage requirements during the COVID-19 pandemic, these websites will offer shoppers easy and fast access to PepsiCo's products.
The market study of the global cashew nuts market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity to our reports.
Secondary Sources Include::
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
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