Asia-Pacific cashew nuts market is estimated to grow at a CAGR of 5.2% during the forecast period. Significant awareness regarding health benefits associated with cashew nuts is a major factor accelerating market growth. During the period, 2019-2020, India accounted for 22% of cashew production across the globe. Additionally, India imported 5,330 metric tons of cashew in 2018. Additionally, Japan and Australia imported 10,428 and 11,640 metric tons of cashew nuts in 2018. Cashew nuts are becoming significantly consumed as a raw and roasted form in Asian countries owing to the health benefits associated with these nuts. Roasted cashews are a healthier option while eaten in moderation as they are cholesterol-free and can reduce cholesterol levels owing to their dietary fiber and phytosterols. Additionally, cashews are a good source of minerals and proteins. This, in turn, is contributing to the increasing demand for cashew nuts. 

The market is segmented based on form and distribution channel. Based on form, the market is classified into raw and roasted. Roasted cashew nuts have been witnessing an increasing demand owing to the rising consumption of innovative flavored nuts with health benefits in the region. Roasted nuts are available with improved taste, crunchiness, texture, flavor, and aroma. However, raw nuts are being significantly preferred in the region as they offer a natural flavor. Based on the distribution channel, the market is classified into online and offline. 

Some prominent players in the market include Haldiram Foods International Pvt Ltd., PepsiCo, Inc., Three Squirrels, the Kraft Heinz Co., and Olam International. The market players have been focused on implementing some key strategies to increase their competitiveness in the market. For instance, in September 2019, the flagship brand of Greendot Health Foods Pvt Ltd, Cornitos, revealed flavored nuts and seeds within its Pop N Crunch range. This new range comprises Roasted Salted Pumpkin Seeds, Premium Cashews, California Almonds, Party Nut Mix, Sunflower seeds, Premium Salted Peanuts, and Coated Green Peas. These nuts and seeds are handpicked and processed with the use of advanced technology employing imported roasting lines that provide them a crunchy bite and a uniform roast. These nuts and seeds are packed in re-sealable nitrogen-filled pouches, which provide good shelf life. 

Research Methodology

The market study of the Asia-Pacific 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.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Cashew Nuts Market Research and Analysis, By Form
2. Asia-Pacific Cashew Nuts Market Research and Analysis, By Distribution Channel

The Report covers:

• Comprehensive research methodology of the Asia-Pacific cashew nuts market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific cashew nuts market.
• Insights about market determinants that are stimulating the Asia-Pacific cashew nuts market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.