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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The market study of the Asia-Pacific cashew nuts market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity to our reports.
Asia-Pacific Cashew Nuts Market – Segmentation
by Form
Raw
Roasted
by Distribution Channel
Offline
Online
Asia-Pacific Cashew Nuts Market – Segmentation by Region
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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