Asia-Pacific cashew nuts market is estimated to grow at a CAGR of 5.2% during the forecast period. Significant awareness regarding health benefits associated with cashew nuts is a major factor accelerating market growth. During the period, 2019-2020, India accounted for 22% of cashew production across the globe. Additionally, India imported 5,330 metric tons of cashew in 2018. Additionally, Japan and Australia imported 10,428 and 11,640 metric tons of cashew nuts in 2018. Cashew nuts are becoming significantly consumed as a raw and roasted form in Asian countries owing to the health benefits associated with these nuts. 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.
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The market is segmented based on form and distribution channel. Based on form, the market is classified into raw and roasted. Roasted cashew nuts have been witnessing an increasing demand owing to the rising consumption of innovative flavored nuts with health benefits in the region. Roasted nuts are available with improved taste, crunchiness, texture, flavor, and aroma. However, raw nuts are being significantly preferred in the region as they offer a natural flavor. Based on the distribution channel, the market is classified into online and offline.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Cashew Nuts Market by Form
- Raw
- Roasted
Asia-Pacific Cashew Nuts Market by Distribution Channel
- Offline
- Online
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Haldiram Foods International Pvt. Ltd.
- Overview
- Product Portfolio
- Recent Activities
- 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.
The Report covers:
- Comprehensive research methodology of the Asia-Pacific cashew nuts market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific cashew nuts market.
- Insights about market determinants that are stimulating the Asia-Pacific cashew nuts market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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