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.

Plain or salted cashews can be consumed in a variety of ways in the home through beverage applications, which drives the demand for plain or salted cashews across the world. One of the main factors driving the market is the increased use of plain cashew in Indian cuisine, especially in desserts. In addition, the rapidly growing groups of vegans, and vegetarians have prioritized plant-based diets and alternative sources of protein, instead of those derived from animals, resulting in the soaring demand for nuts and nut-infused food, thereby increasing the consumption of cashews driving the India Cashew Market. The India Cashew Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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