Global cashew nuts market is estimated to grow at a CAGR of 4.6% during the forecast period. The rising shift towards a healthier diet is the major factor accelerating market growth. The millennial population is highly shifting towards healthier diets to prevent several conditions such as obesity, CVD, and others. This, in turn, results in an increasing demand for healthier snacks to maintain the well-being of health. Cashew nuts are a rich source of protein and other nutrients, which in turn, is driving its consumption primarily among millennials. Cashew nuts contain healthy fat, which is associated with a healthy heart.
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Cashew nuts are free from cholesterol and offer essential nutrients to stimulate functioning of the heart. Additionally, cashew nuts lower cancer risk. Proanthocyanidins are a kind of flavonol which inhibits the growth of tumor cells. Cashew nuts are also filled with proanthocyanidins and copper which supports preventing cancer. As cashew nuts are a good source of antioxidants and copper, it supports in making skin look glowing and radiant. Antioxidants support to minimize the signs of aging, and copper in combination with other enzymes develops collagen which supports to augment the elasticity of the skin.
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Scope of the Global Cashew Nuts Market
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Form and Distribution Channel
- Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
- Competitive Landscape- PepsiCo, Inc., Blue Diamond Growers, Haldiram Foods International Pvt Ltd., the Kraft Heinz Co., and Olam International
Recent Strategic Initiatives in the Global Cashew Nuts Market
- In September 2019, the flagship brand of Greendot Health Foods Pvt Ltd, Cornitos, revealed flavored nuts and seeds within its Pop N Crunch range. This new range comprises Roasted Salted Pumpkin Seeds, Premium Cashews, California Almonds, Party Nut Mix, Sunflower seeds, Premium Salted Peanuts, and Coated Green Peas. These nuts and seeds are handpicked and processed with the use of advanced technology employing imported roasting lines that provide them a crunchy bite and a uniform roast. These nuts and seeds are packed in re-sealable nitrogen-filled pouches, which provide good shelf life.
- 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 from 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.
Global Cashew Nuts Market-Segmentation
By Distribution Channel
Global Cashew Nuts Market– Segment by Region
- United States
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
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