-- Introduction
Cashews are seeds that are consumed globally in either raw or cooked form. The shells of these seeds are used in other non-edible applications like lubrication, waterproofing and even in arms production. In 2017, countries like India, Vietnam and the Ivory Coast were major producers of this seed. Depending on the size of the kernels, there are different grades of nuts available. The bigger the size of the nut, the more expensive it is. Many Asian recipes demand the usage of cashew kernels. One of the biggest uses of cashew nut (as kernels) is in the snacking industry. Fried, roasted and flavored cashews are loved for their crunchy taste and health benefits. Unlike other snacks, cashew kernels are considered a healthy and nutritious snacking option globally.
Cashews are rich with monounsaturated fatty acids and are known to keep the body healthy and prevent lifestyle diseases like blood pressure. Cashew milk that is extracted from raw kernels is also a good culinary ingredient. This report analyzes the current market growth and revenue of this industry and forecasts the same during the periods 2018 to 2025. The CAGR of the industry during these periods is also estimated and mentioned. The global, regional and the individual company level restraints and advantages of this market are discussed in detail in this report.
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Key Players
A glimpse of the competition prevailing in the global cashew nut (as kernels) market can be arrived at through the report. This part of the study has used SWOT analysis tools to narrow down the strengths, weaknesses, opportunities, and threats of each market player
India
Ivory Coast
Vietnam
Brazil
China
Mozambique
Tanzania
Market Segmentation
Depending on the end user or application, there are different industries that cashew nut (as kernels) are being used. While Food is the major application of this nut, medical, lubricants, paints, wildlife and other minor areas of usage are also discussed in the report. The study also splits the market into type I and type II kinds of cashew kernels. The common grades of cashews accepted over the world are W-180, W-210, W-240, W-320, and W-450.
The major manufacturing countries that this report covers are India, Ivory Coast, Brazil, Vietnam, China, Tanzania, and Mozambique. The demand and supply of cashew kernels in these regions along with the distribution channels, the individual market drivers and the significant trends that affect the growth of the market are all a few factors considered in this report.
Regional Analysis
Cashew kernels are in demand all over the world. Geographically, this report covers areas like North America, Asia-Pacific, Europe, South America and the Middle East and Africa for analysis. The different sub-markets in these regions are also identified and their scope for growth is discussed. This report also picks up stakeholders and high growth segments in these regions and identifies them clearly through primary and secondary research.
Industry News
In a recent concern expressed by the Cashew Export Promotion Council of India, the council has mentioned that illegal import of cashew kernels into the country has affected the economy. Bad quality, sub-standard cashew kernels from other countries are being brought into India illegally and this has resulted in the closure of many of the local cashew factories, affecting about 10 lakh employments.
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