The US cashew nuts market is estimated to grow at a CAGR of 4.6% during the forecast period. Significant demand for healthier snacks and increasing launches of gourmet nuts is one of the major factors driving the market growth. Potential consumption of newly flavored cashew nuts along with health benefits is leading to an increasing launch of new gourmet nuts in the country. For instance, in July 2019, Pear’s Gourmet revealed new snack nut flavors which are developed particularly for consumers requiring exciting, unique flavors. These nut flavors are free from artificial preservatives, colors, and flavors. This newly released trio of premium snack nuts sell are available in 7 oz stand-up resealable foil pouches. This includes sugar cookie confetti cashews, cocoa dusted truffle peanuts, and salted caramel churro flavored almonds. Suggested retail for the almonds and cashews SRP is $5.99, and peanuts are $2.99. 

The market is segmented based on form and distribution channel. Based on the form, the market is classified into raw and roasted. Roasted cashew nuts are being significantly consumed in the country as these are available in a range of innovative flavors. FERIDIES, a US-based roasted nuts provider delivers irresistible classic nuts that are rich in flavor and freshly roasted, which include Whole Jumbo Lightly Salted Cashews, Salted Mixed Nuts, Salted Pistachios, and Salted Almonds. These are gourmet cashews that are lightly roasted in peanut oil and later sprinkled with a dash of salt. Based on the distribution channel, the market is classified into online and offline. 

Some prominent players in the market include PepsiCo, Inc., Blue Diamond Growers, and 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 sfrom 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 US 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. US Cashew Nuts Market Research and Analysis, By Form
2. US Cashew Nuts Market Research and Analysis, By Distribution Channel

The Report covers:

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