North American cashew nuts market is estimated to grow at a CAGR of 4.5% during the forecast period. Significant consumption of cashew nuts is one of the crucial factors accelerating the market growth. As per the International Nut and Dried Fruit Council, in 2018, cashew imports in the US reported were 154,155 metric tons, witnessed a growth of 41,355 metric tons during the period 2008-2018. It is being significantly consumed as raw or roasted cashew nuts owing to the potential health benefits associated with these nuts. 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. Cashew nuts contain heart-healthy monounsaturated fats, which include palmitoleic and oleic acids. These are regarded as essential fatty acids linked with reduced levels of unhealthy low-density lipoproteins (LDL) cholesterol and higher levels of healthy high-density lipoprotein (HDL) cholesterol.
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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. Online distribution channel to witness potential growth in the market owing to the rising online sales and increasing online food delivery market in the region. Some of the potential food delivery apps in Canada include DoorDash, GrubHub, SkipTheDishes, and Tim Hortons. Owing to the busy schedule, an increasing demand for snacks through online distribution channel has been witnessed, which is supporting the growth of the market.
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The market study of the North American 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.
North American Cashew Nuts Market – Segmentation
by Form
Raw
Roasted
by Distribution Channel
Offline
Online
North American Cashew Nuts Market – Segmentation by Region
United States
Canada
Company Profiles
Aliments Krispy Kernels, Inc.
Bassé Nuts
Blue Diamond Growers
Napa Nuts
PepsiCo, Inc.
Snak King Corp.
Star Snacks, Co. LLC
The Kraft Heinz Co.
Tropical Foods
Prana Snacks
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