Indian cashew nuts market is estimated to grow at a CAGR of 6.2% during the forecast period. Significant availability of millennial population is one of the key factors accelerating the market growth. There is a large number of millennial population reported in the country, which highly focused on healthier diet. As a result, they consume snacks with adequate protein and other nutrients. Cashews are rich in fiber and low in sugar and contain plant protein and heart-healthy fats. Cashew nuts are also a potential source of some essential nutrients such as manganese, copper, and magnesium that are important for energy production, bone health, brain health, and immunity. Apart from these benefits, cashews are rich in polyphenols and carotenoids, which are two antioxidants categories that may support reduce inflammation and provide protection from conditions such as cancer and CVD. Owing to these health benefits, cashew nuts have been extensively consumed in the country, which in turn, is driving the market growth.

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. Expansion of online distribution channel and increasing online food delivery services are some key factors that are anticipated to leverage the market growth in the country. As per the India Brand Equity Foundation (IBEF), online food delivery players such as Swiggy, FoodPanda, TinyOwl, and Zomato, establishing scale through partnerships. Therefore, the organised food business has an enormous potential and a promising future in the country.

Some prominent players in the market include PepsiCo, Inc., the Kraft Heinz Co., and Haldiram Foods International Pvt Ltd. The market players are focused on increasing their range of products to widen their consumer base. 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 Indian 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. Indian Cashew Nuts Market Research and Analysis, By Form
2. Indian Cashew Nuts Market Research and Analysis, By Distribution Channel

The Report covers:

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