Indian cashew nuts market is estimated to grow at a CAGR of 6.2% during the forecast period. Significant availability of millennial population is one of the key factors accelerating the market growth. There is a large number of millennial population reported in the country, which highly focused on healthier diet. As a result, they consume snacks with adequate protein and other nutrients. Cashews are rich in fiber and low in sugar and contain plant protein and heart-healthy fats. Cashew nuts are also a potential source of some essential nutrients such as manganese, copper, and magnesium that are important for energy production, bone health, brain health, and immunity. Apart from these benefits, cashews are rich in polyphenols and carotenoids, which are two antioxidants categories that may support reduce inflammation and provide protection from conditions such as cancer and CVD. Owing to these health benefits, cashew nuts have been extensively consumed in the country, which in turn, is driving the market growth.
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The market is segmented based on form and distribution channel. Based on the form, the market is classified into raw and roasted. Based on the distribution channel, the market is classified into online and offline. Expansion of online distribution channel and increasing online food delivery services are some key factors that are anticipated to leverage the market growth in the country. As per the India Brand Equity Foundation (IBEF), online food delivery players such as Swiggy, FoodPanda, TinyOwl, and Zomato, establishing scale through partnerships. Therefore, the organised food business has an enormous potential and a promising future in the country.
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Indian Cashew Nuts Market Segmentation
By Form
- Raw
- Roasted
By Distribution Channel
- Offline
- Online
Company Profiles
- Bhavin Enterprise
- Overview
- Product Portfolio
- Recent Activities
- Diwakar Retail Ltd.
- DRB Foods Pvt Ltd.
- Haldiram Foods International Pvt Ltd.
- Nilon’s Enterprises Pvt. Ltd.
- PepsiCo, Inc.
- Rajguru Foods (Delight Nuts)
- The Kraft Heinz Co.
- R. Industries Pvt Ltd.
- Western Indian Cashew Company Pvt. Ltd.
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