DUBLIN--(BUSINESS WIRE)--The "Cashew Kernel Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global cashew kernel market is expected to grow at a compound annual growth rate of 4.27% over the forecast period to reach a market size of US$6.932 billion in 2025 from US$5.394 billion in 2019.
The USA (152591 tons), Germany (47646 tons), Netherlands (45889 tons), United Arab Emirates (21482 tons), United Kingdom (20917 tons) were among the top importing countries of the world based on the Import quantity of shelled cashew nuts imported as of 2018. However, these figures are relatively lower than what was registered against each of the importing nations in 2017 mentioned above, Viz. the USA registered an import of 153448 tons and Germany registered an import of 53922 tons [Source: USDA].
According to Ministerie van Landbouw, Natuur en Voedselkwaliteit which is the Dutch Ministry responsible for agricultural policy, animal welfare, fisheries, food policy, food safety, forestry and natural conservation, prices of cashew nuts collapsed in 2018 resulting in the decrease in import value. Imports of cashew nuts reportedly reached a zenith during 2017 but with supply outperforming demand to a certain extent and sales from 2017 stock being enough to meet demand in the forts half of 2018 collectively led to the drop in import value. Nevertheless, in Europe Germany is the largest European importer and market of cashew nuts.
The Netherlands is also the leading European re-exporter with cashew nuts, among others being the top re-exported products. In Italy, the production of pesto requires the consumption of pine nuts to be substituted by comparatively cheaper alternatives and cashew nuts is one of them. In view of above, and based on the increasing consumer inclination to consume healthy food the European cashew kernel market is expected to be driven by robust growth. Moreover, the use of cashew nuts as snacks, in breakfast cereals and for production of various functional food is expected to further bolster the cashew kernel market.
Recent developments in Asia too are expected to augment the growth of global cashew kernel market. For instance, in Vietnam, MARD (Ministry of Agriculture and Rural Development) had issued a list of 13 national product which acknowledge cashew among others. With preferential support measures which are offered under the decree 57/2018/ND-CP, cashew among others will be eligible for the same. The decree is related to incentive policies which are intended to encourage investments from enterprises aimed at agriculture, among others. The preferential measures include support for investments in facilities and equipment for processing or preserving agricultural products, support for the transfer, and the application of high-technology in agriculture, preferential credit, market development, and promotion activities, and exemptions from or reductions in land or water surface rents, among others.
The policy inurement put in place by the Vietnamese government which appropriate to cashew nuts is the implicit taxing of producers of such export commodities. This results in the receipt of prices that are relatively lower than the global prices which in turn reportedly leads to the total market price support (MPS) becoming equal to the sum of positive and negative support. On the other hand, in August 2020, it was reported that the Agriculture Minister of Kerala, India reportedly inaugurated a mobile exhibition unit and marketing of new processed products of cashew. This initiative is a part of strengthening the extension activities of the Kerala Agricultural University, which included the marketing of new nutrient fortified value-added products of sprouted cashew nuts developed by the university. Moreover, Cambodia's Industrial Development Policy 2015 - 2025 envisions promoting the export of processed agricultural products to reach 12% of all exports by 2025.
Companies Mentioned
- AVC Nuts
- NUTSCO (Usibras)
- Cashew Group
- KardiaNuts
- A.M.A. Gesellschaft fur Food Be- und Verarbeitung mbH
- Prime Nuts FZE
- Afokantan Benin Cashew
- Bismi Cashew Company
- Vietnam Cashew Co
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Cashew Kernel Market Analysis, By Form
5.1. Introduction
5.2. Whole
5.3. Brokens
5.3.1. Butts
5.3.2. Pieces
5.3.3. Splits
6. Cashew Kernel Market Analysis, By Cultivation Type
6.1. Introduction
6.2. Organic
6.3. Conventional
7. Cashew Kernel Market Analysis, By Processed Types
7.1. Introduction
7.2. Raw
7.3. Dried
7.4. Flavoured
7.5. Others
8. Cashew Kernel Market Analysis, By Packaging Type
8.1. Introduction
8.2. Bags
8.3. Boxes
8.4. Cartons
8.5. Others
9. Cashew Kernel Market Analysis, By Shell
9.1. Introduction
9.2. In-shell
9.3. Shelled
10. Cashew Kernel Market Analysis, By Distribution Channel
10.1. Online
10.2. Offline
11. Cashew Kernel Market Analysis, By Geography
11.1. Introduction
11.2. North America
11.3. South America
11.4. Europe
11.5. Middle East and Africa
11.6. Asia Pacific
12. Competitive Environment and Analysis
12.1. Major Players and Strategy Analysis
12.2. Emerging Players and Market Lucrativeness
12.3. Mergers, Acquisitions, Agreements, and Collaborations
12.4. Vendor Competitiveness Matrix
13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6rs4oi
