North American cashew nuts market is estimated to grow at a CAGR of 4.5% during the forecast period. Significant consumption of cashew nuts is one of the crucial factors accelerating the market growth. As per the International Nut and Dried Fruit Council, in 2018, cashew imports in the US reported were 154,155 metric tons, witnessed a growth of 41,355 metric tons during the period 2008-2018. It is being significantly consumed as raw or roasted cashew nuts owing to the potential health benefits associated with these nuts. 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. Cashew nuts contain heart-healthy monounsaturated fats, which include palmitoleic and oleic acids. These are regarded as essential fatty acids linked with reduced levels of unhealthy low-density lipoproteins (LDL) cholesterol and higher levels of healthy high-density lipoprotein (HDL) cholesterol. 

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 owing to the rising online sales and increasing online food delivery market in the region. Some of the potential food delivery apps in Canada include DoorDash, GrubHub, SkipTheDishes, and Tim Hortons. Owing to the busy schedule, an increasing demand for snacks through online distribution channel has been witnessed, which is supporting the growth of the market.

Some prominent players in the market include PepsiCo, Inc., Blue Diamond Growers, and the Kraft Heinz Co. These players have been implemented some potential strategies to increase their competitiveness in the market. For instance, in May 2020, PepsiCo, Inc. launched two direct-to-consumer websites, including Snacks.com and PantryShop.com. These websites allow shoppers to order a range of food and beverage brands of PepsiCo. With the increasing consumers' inclination towards online platforms for their food and beverage requirements during the COVID-19 pandemic, these websites will offer shoppers easy and fast access to PepsiCo’s products.

Research Methodology

The market study of the North American 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. North American Cashew Nuts Market Research and Analysis, By Form
2. North American Cashew Nuts Market Research and Analysis, By Distribution Channel

The Report covers:

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