India Cashew Market Size By Product Type (Plain/Salted Cashews, Flavored Cashews), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores) And Forecast

India Cashew Market Size And Forecast

India Cashew Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2023 to 2030.

You can enjoy plain or salted cashews in so many ways at home, especially in drinks! This is really fueling the demand for them worldwide. One big reason for their popularity is how much plain cashew is used in Indian cooking, particularly in delicious desserts. Plus, with more and more people going vegan or vegetarian, they're looking for plant-based protein instead of meat, which means they're snapping up nuts and nut-filled foods. And that's why we're seeing such a jump in cashew consumption, driving the whole India Cashew Market. Want to know more? The India Cashew Market report gives you a complete look at everything going on. It breaks down the key parts, trends, what's helping and hurting the market, who's competing, and all the important things making a difference.

India Cashew Market Definition

Cashew nuts are edible kidney-shaped nuts that are high in oil and protein and are roasted and shelled before consumption. The oil extracted from the shells is used in the manufacture of plastics as a lubricant. Cashews are also used as the main ingredient in a variety of sweet and savory dishes, especially in Asian cuisine. Furthermore, cashews are now used in mueslis, energy bars, cookies, chocolates, and ice creams. Cashews are known to be high in nutrients such as copper, which improves bone health, with one ounce of cashew containing 622 micrograms of copper.

When compared to peanuts, cashews have higher fiber content and aid in weight gain by enhancing digestive function. To meet the demand for such high-value nutrition, snack manufacturers have launched many cashew-based snacks, such as ready-to-drink cashew milk, which serves as a lactose-free milk alternative.

India Cashew Market Overview

Asia-Pacific is the world’s main producer of cashew nuts. In recent years, there has been an increase in the use of cashew nuts in regular diets and nutritious ready-to-eat snacks. The growing number of cashew-infused food manufacturers have taken young and geriatric consumers by stride with creative products, such as roasted, spice-coated cashew nuts in India. In recent years, the Cashew Market in India has seen a rapid change in consumption patterns, owing primarily to flavored assorted cashew products occupying a larger share of the retail market room.

With rising health consciousness, consumers tend to snack on healthy foods, which is driving up demand for flavored cashews in India. The Cashew Market in the country is expected to suffer as the local population prefers lighter snacks with lower prices for on-the-go snacking and therefore restrain the market growth.

India Cashew Market Segmentation Analysis

The India Cashew Market is segmented based on Product Type and Distribution Channel.

India Cashew Market, By Product Type

• Plain/Salted Cashews
• Flavored Cashews

Based on Product Type, the market is segmented into Plain/Salted Cashews and Flavored Cashews. The plain/salted cashews segment accounts for the majority of the processed cashew industry, as the majority of Indian consumers eat cashews in their natural state for nutrition.

India Cashew Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail Stores
• Others

Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels. The largest market share was held by supermarkets/hypermarkets because consumers in major cities and towns tend to buy their regular necessities at supermarkets and hypermarkets. This channel is expected to contribute to brand awareness through marketing plain and flavored cashews.

Key Players

The “India Cashew Market” study report will provide valuable insight with an emphasis on the Indian market. The major players in the market are Delicious Cashew Co., Wonderland Foods, Greendot Health Foods Pvt. Ltd (Cornitos), Royal Dry Fruits Pvt. Ltd (Rostaa), Nutty Yogi, Haldirams, Kalbavi Cashews, A.A. Nutts, Achal Cashew Private Limited, and Acme Commodities Private Limited. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Report Scope

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Reasons to Purchase this Report

We'll take a good look at the market, breaking it down into different groups based on things like money and other stuff too. We'll give you the market value (in USD Billion!) for each of those groups and subgroups. We'll also point out which region and segment is likely to grow the fastest and be the biggest. Expect an analysis by geography showing how much of the product/service each region uses and the things influencing the market there. We'll include a competitive landscape, with rankings of the big players, their new stuff, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles with an overview, insights, product comparisons, and a SWOT analysis for the major players. We'll give you the current and future outlook, including growth opportunities, drivers, challenges, and restraints in both new and established regions. We'll even dig deep with a Porter's five forces analysis. Plus, you'll get an inside look at the Value Chain and market dynamics, with growth opportunities coming down the line. And to top it off, we offer 6 months of analyst support after the sale!

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