Asia-Pacific cashew nuts market is estimated to grow at a CAGR of 5.2% during the forecast period. Rising consumption of cashew nuts is a major factor contributing to the growth of the market. As per the International Nut & Dried Fruit Council (INC), India, Vietnam, and Indonesia accounted for 22%, 8%, and 3%, of cashew production globally. Additionally, the estimated consumption of cashew in India increased from 253,768 metric tons in 2017 to 329,427 metric tons in 2018. In Japan, it has increased from 10,245 metric tons in 2017 to 10,401 metric tons in 2018.
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It is being significantly consumed as a raw or roasted form in the region, owing to the significant presence of major nuts brands offered by Haldiram Foods and PepsiCo, Inc. and increasing demand for newly flavored roasted nuts in the region. Additionally, the millennials population in the region is increasingly consuming cashew nuts owing to stheir potential health benefits, which makes it suitable for people following a healthier lifestyle. for energy and is especially important to rebuild muscle tissue and developing new cellular compounds.
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Scope of the Asia-Pacific Cashew Nuts Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Form and Distribution Channel
- Countries Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- Haldiram Foods International Pvt Ltd., PepsiCo, Inc., Three Squirrels, the Kraft Heinz Co., and Olam International
Recent Strategic Initiatives in the Asia-Pacific 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 November 2019, Haldiram’s has ventured into the US e-commerce market with Amazon’s Global Selling Program. This initiative will support Haldiram’s to expand and enhance its penetration into the US market. As some Indians settled globally, there is an emerging demand for snacks that remind them of India. This collaboration with Amazon’s Global Selling Program will enable Haldiram’s to direct access to the American market.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Asia-Pacific Cashew Nuts Market-Segmentation
By Form
- Raw
- Roasted
By Distribution Channel
- Offline
- Online
Asia-Pacific Cashew Nuts Market– Segment by Country
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Haldiram Foods International Pvt. Ltd.
- Lian Hwa Foods Corp.
- Mae-Ruay Snack Food Factory Co., Ltd.
- Nilon’s Enterprises Pvt. Ltd.
- Olam International
- PepsiCo, Inc.
- Rajguru Foods (Delight Nuts)
- The Kraft Heinz Co.
- Three Squirrels
- Yummy Snack Foods Pty Ltd.
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