Cashew market size is estimated to grow at a CAGR of 5.3% by 2027; Growth led by Achal Group of Industries, Agrocel Industries Pvt. Ltd. among others - Technavio

NEW YORK, Feb. 21, 2023 /PRNewswire/ -- The cashew market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecasted to increase by 1,123.96 thousand tons during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at 3,017.79 thousand tons. The cashew market is segmented based on type, distribution channel, and geography.

In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a sample now!

 Global cashew market size & segmentation analysis

• Based on type, the cashew market is segmented into conventional or regular and organic.
• Based on distribution channel, the market is segmented into offline and online.
• Based on geography, the cashew market is segmented into North America, APAC, Europe, Middle East and Africa, and South America.
• For insights on the market contribution of each segment, buy the report!

Cashew market: Country-level analysis

The countries covered in the cashew market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (Asia); Saudi Arabia, South Africa, and Rest of the Middle East and Africa (Middle East and Africa); and Chile, Brazil, and Argentina (South America).

• North America is estimated to account for 45% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the market in the region is attributed to factors such as the substantial production of cashews in the region.
• The US and Canada are key countries in the North American market. The increasing vegan population and growing health concerns over the consumption of dairy-based products are increasing consumer preference for dairy-free alternatives such as cashew milk. This is one of the key factors driving the growth of the cashew market in North America.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!

Global cashew market: Dynamics & insights

Technavio's research report on the cashew market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The rising cases of lactose intolerance are notably driving the market growth. The number of lactose-intolerant individuals is increasing, especially in European countries such as Italy, Germany, Spain, Turkey, Poland, France, and the UK. This has spurred the demand for lactose-free products and products that do not contain dairy ingredients. Plant-based alternatives, including cashew milk, is a viable alternative to dairy. With the increasing number of lactose-intolerant people, the demand for cashew milk is increasing worldwide. All these factors are supporting the growth of the global cashew market.

The risk of allergies is a major challenge impeding the market. Cashews have several health benefits. However, some of the proteins present in cashews can cause serious health conditions such as allergies. This is expected to limit the consumption of cashews, which, in turn, will reduce the growth potential in the market.

Cashew market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the cashew market are Achal Group of Industries, Agrocel Industries Pvt. Ltd., ALPHONSA CASHEW INDUSTRIES, Aryan International, Bata Food, Bismi Cashew Co., CBL NATURAL FOODS Pvt. Ltd., DCC Delicious, Delphi Organic GmbH, DVK Group, Haldiram Foods International Pvt. Ltd, Kalbavi Cashews, NIRVAANIC LIFE FOODS Pvt. Ltd., NUTSCO Inc., Olam Group Ltd., Prime Nuts Online Store, Royal Dry Fruits Pvt. Ltd., Shivam Cashew Industry, Sunorganic Industries Pvt. Ltd., and Vietnam Cashew Processing Joint Co., among others. For insights on the vendor offerings, download a PDF sample!

Related reports:

• The tree nuts market is estimated to grow at a CAGR of 7.15% between 2022 and 2027. The size of the market is forecast to increase by USD 20,008.42 million. The rising popularity of vegan snacks among millennials is notably driving the market growth, although factors such as the potential source of allergens may impede the market growth.
• The cashew milk market size is expected to increase by USD 59.35 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.9%. The rising prevalence of lactose intolerance and allergies associated with soy, hazelnut, and almond milk is one of the key factors driving the global cashew milk market growth. The availability of substitutes is the major challenge to the global cashew milk market growth.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand t)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cashew market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global cashew market 2017 - 2021 (thousand t)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 (thousand t)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 (thousand t)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand t)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand t)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Conventional or regular - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Conventional or regular - Market size and forecast 2022-2027 (thousand t)
• Exhibit 35: Data Table on Conventional or regular - Market size and forecast 2022-2027 (thousand t)
• Exhibit 36: Chart on Conventional or regular - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Conventional or regular - Year-over-year growth 2022-2027 (%)

• 6.4 Organic - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Organic - Market size and forecast 2022-2027 (thousand t)
• Exhibit 39: Data Table on Organic - Market size and forecast 2022-2027 (thousand t)
• Exhibit 40: Chart on Organic - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Organic - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type (thousand t)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 (thousand t)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 (thousand t)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 (thousand t)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 (thousand t)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 55: Market opportunity by Distribution Channel (thousand t)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 (thousand t)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (thousand t)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 (thousand t)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 (thousand t)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027 
• Exhibit 85: Chart on India - Market size and forecast 2022-2027 (thousand t)
• Exhibit 86: Data Table on India - Market size and forecast 2022-2027 (thousand t)
• Exhibit 87: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 (thousand t)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 (thousand t)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 (thousand t)
• Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 (thousand t)
• Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 (thousand t)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 (thousand t)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography (thousand t)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Achal Group of Industries 
• Exhibit 108: Achal Group of Industries - Overview
• Exhibit 109: Achal Group of Industries - Product / Service
• Exhibit 110: Achal Group of Industries - Key offerings

• 12.4 Agrocel Industries Pvt. Ltd. 
• Exhibit 111: Agrocel Industries Pvt. Ltd. - Overview
• Exhibit 112: Agrocel Industries Pvt. Ltd. - Product / Service
• Exhibit 113: Agrocel Industries Pvt. Ltd. - Key offerings

• 12.5 ALPHONSA CASHEW INDUSTRIES 
• Exhibit 114: ALPHONSA CASHEW INDUSTRIES - Overview
• Exhibit 115: ALPHONSA CASHEW INDUSTRIES - Product / Service
• Exhibit 116: ALPHONSA CASHEW INDUSTRIES - Key offerings

• 12.6 Aryan International
• Exhibit 117: Aryan International - Overview
• Exhibit 118: Aryan International - Product / Service
• Exhibit 119: Aryan International - Key offerings

• 12.7 Bata Food
• Exhibit 120: Bata Food - Overview
• Exhibit 121: Bata Food - Product / Service
• Exhibit 122: Bata Food - Key offerings

• 12.8 CBL NATURAL FOODS Pvt. Ltd. 
• Exhibit 123: CBL NATURAL FOODS Pvt. Ltd. - Overview
• Exhibit 124: CBL NATURAL FOODS Pvt. Ltd. - Product / Service
• Exhibit 125: CBL NATURAL FOODS Pvt. Ltd. - Key offerings

• 12.9 DCC Delicious
• Exhibit 126: DCC Delicious - Overview
• Exhibit 127: DCC Delicious - Product / Service
• Exhibit 128: DCC Delicious - Key offerings

• 12.10 Delphi Organic GmbH
• Exhibit 129: Delphi Organic GmbH - Overview
• Exhibit 130: Delphi Organic GmbH - Product / Service
• Exhibit 131: Delphi Organic GmbH - Key offerings

• 12.11 Haldiram Foods International Pvt. Ltd 
• Exhibit 132: Haldiram Foods International Pvt. Ltd - Overview
• Exhibit 133: Haldiram Foods International Pvt. Ltd - Product / Service
• Exhibit 134: Haldiram Foods International Pvt. Ltd - Key offerings

• 12.12 Kalbavi Cashews
• Exhibit 135: Kalbavi Cashews - Overview
• Exhibit 136: Kalbavi Cashews - Product / Service
• Exhibit 137: Kalbavi Cashews - Key offerings

• 12.13 NIRVAANIC LIFE FOODS Pvt. Ltd. 
• Exhibit 138: NIRVAANIC LIFE FOODS Pvt. Ltd. - Overview
• Exhibit 139: NIRVAANIC LIFE FOODS Pvt. Ltd. - Product / Service
• Exhibit 140: NIRVAANIC LIFE FOODS Pvt. Ltd. - Key offerings

• 12.14 Royal Dry Fruits Pvt. Ltd. 
• Exhibit 141: Royal Dry Fruits Pvt. Ltd. - Overview
• Exhibit 142: Royal Dry Fruits Pvt. Ltd. - Product / Service
• Exhibit 143: Royal Dry Fruits Pvt. Ltd. - Key offerings

• 12.15 Shivam Cashew Industry 
• Exhibit 144: Shivam Cashew Industry - Overview
• Exhibit 145: Shivam Cashew Industry - Product / Service
• Exhibit 146: Shivam Cashew Industry - Key offerings

• 12.16 Sunorganic Industries Pvt. Ltd. 
• Exhibit 147: Sunorganic Industries Pvt. Ltd. - Overview
• Exhibit 148: Sunorganic Industries Pvt. Ltd. - Product / Service
• Exhibit 149: Sunorganic Industries Pvt. Ltd. - Key offerings

• 12.17 Vietnam Cashew Processing Joint Co. 
• Exhibit 150: Vietnam Cashew Processing Joint Co. - Overview
• Exhibit 151: Vietnam Cashew Processing Joint Co. - Product / Service
• Exhibit 152: Vietnam Cashew Processing Joint Co. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 153: Inclusions checklist
• Exhibit 154: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 155: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 156: Research methodology
• Exhibit 157: Validation techniques employed for market sizing
• Exhibit 158: Information sources

• 13.5 List of abbreviations 
• Exhibit 159: List of abbreviations

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