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 flavours 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.
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European Cashew Nuts Market Segmentation
By Form
- Raw
- Roasted
By Distribution Channel
- Offline
- Online
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Regional Analysis
- UK
- Germany
- France
- Spain
- Italy
Rest of European
Company Profiles
- Herbert Kluth GmbH & Co.KG
- Lorenz Bahlsen Snack-World GmbH & Co KG
- Ludlow Nut Co. Ltd.
- Natco Foods Ltd.
- PepsiCo, Inc.
- Peyman Kuruyemis
- Sun Valley Ltd.
- The Kraft Heinz Co.
- Ültje GmbH (Intersnack Group GmbH & Co. KG)
- Besana S.p.A.
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