European cashew nuts market is estimated to grow at a CAGR of 4.0% during the forecast period. Significant availability of working-age population and rising consumption of gourmet nuts are some pivotal factors leveraging the market growth. As per the Organization for Economic Cooperation and Development (OECD), the working-age population (15-64) in France, Germany, and UK, were 62.1%, 65.0%, 63.8%, respectively. This results in an increasing demand for healthier nuts as snacks in this age-group population. European consumers of cashew nut prefer cashew nuts as roasted, simple, and salty snacks; however, the consumption of unsalted cashew nuts is also growing. 

Additionally, plain cashew nuts without any additions as well as multiple roasting flavors are also being significantly provided. According to the Center for the Promotion of Imports from Developing Countries, during the period, 2014 and 2018, European cashew nuts imports increased annually by 17% in value and 4% in volume to a value of nearly $1.7 billion and a quantity of 178 thousand tons in 2018. This shows increasing consumption of cashew nuts, primarily as raw or roasted form among European consumers.

The market is segmented based on form and distribution channel. Based on the form, the market is classified into raw and roasted. Based on the distribution channel, the market is classified into online and offline. Online distribution channel to witness potential growth in the market coupled with the growth in online food delivery services and expansion of online platforms. Europe is home to several online food delivery players, including Deliveroo, Just Eat, Glovo and Wolt, Takeaway.com, and Delivery Hero. This, in turn, is supporting the increasing demand for online distribution channels for cashew nuts in the region. 

Some prominent players in the market include PepsiCo, Inc., The Kraft Heinz Co., and Lorenz Bahlsen Snack-World GmbH & Co. KG. These players have been implemented some potential strategies to increase their competitiveness in the market. For instance, in January 2020, Cambrook Foods launched a luxury nut range, which includes four tantalising lines. The moreish nuts are seasoned with a range of unique spices and seasonings for creating a taste experience that is irresistible, primarily when combined with a tipple. The Cambrook range is also available in Cambrook’s 45g Bar Snacks, Cambrook’s 1kg Bulk Bags, and Cambrook’s 90g & 95g Minibar Jars. 

Research Methodology

The market study of the European 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. European Cashew Nuts Market Research and Analysis, By Category
2. European Cashew Nuts Market Research and Analysis, By Distribution Channel

The Report covers:

• Comprehensive research methodology of the European 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 European cashew nuts market.
• Insights about market determinants that are stimulating the European cashew nuts market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.