What is Cashew Nuts?
The kidney-shaped edible Nuts are termed kernels and are obtained from the fruit or the raw nut after removal of the outer leathery covering which surrounds it, using different processing methods such as dried well, steaming, shelled, peeled, grading, roasted, quality inspection, quality control, and packing. Cashew processing includes the various steps and the processing methodology used varies from region to region. In Brazil, mechanical processing is done, while in India, the processing is highly labor-oriented. Even inside India, there are differences in the processing methods used in different regions. The consumption of cashew nuts reduces the risk of heart diseases, prevents blood diseases, protects the eyes, and offers dietary fibers, among other nutrients.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aryan International (India), Agrocel Industries (India), CBL Natural Foods (Pvt) Ltd (Shri Lanka), Delphi Organic GmbH (Germany), Ajanta Industries (India), Bata Food (Turkey), Aurora Products, Inc. (United States), Divine Foods (India), Achal Cashew nuts (India) and Multiple Organics, Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Dairy Products, Bakery Products, Snacks & Bars, Confectionaries, Cereals, Desserts, Beverages, Cosmetic Products and Others) and major geographies. Research Analyst at AMA predicts that United States and Indian Vendors will contribute to the maximum growth of Global Cashew Nuts market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Cashew Nuts market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Aryan International (India), Agrocel Industries (India), CBL Natural Foods (Pvt) Ltd (Shri Lanka), Delphi Organic GmbH (Germany), Ajanta Industries (India), Bata Food (Turkey), Aurora Products, Inc. (United States), Divine Foods (India), Achal Cashew nuts (India) and Multiple Organics, Inc. (United States).
Market Overview:
On 8 Oct 2018, CBL Natural Foods (Pvt) Ltd. has recently been awarded the ‘Presidential Export Award’ by the Export Development Board of Sri Lanka for being the highest foreign exchange earner’ of organic foods in 2017/18. This award is a prodigious milestone of CBL Natural Foods as it shows the local government is recognizing their efforts and progress in exporting organic foods.
The Cashew Nuts market is highly competitive and fragmented, owing to the presence of many regional and domestic players. Emphasis is given to the companies' mergers, expansion, acquisitions, partnerships, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
Influencing Trend:
A Consumer Trend towards Healthier Living
Market Growth Drivers:
The Rise in Veganism, The Growing Popularity of Cashew Nuts among the People Owing to Health Benefits, The Increasing Disposable Income & Changing Lifestyle and Surging Application of Cashew Nuts among the Various Food Products
Challenges:
Cashew nut prices are subject to significant fluctuations due to factors such as weather conditions, global supply and demand dynamics, and currency fluctuations
Restraints:
Processing of Cashews is Highly Labor Intensive Process and The Cashew Industry Is Highly Unorganized and Scattered
Opportunities:
Growing Cashew Nuts Exporting Opportunities and The Surging Demand from European Regions
Key highlights of the Global Cashew Nuts market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Cashew Nuts market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Cashew Nuts market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Cashew Nuts Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cashew Nuts market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Cashew Nuts market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Cashew Nuts Producers, Cashew Nuts Processors, Traders/Distributors, Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.