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.
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Additionally, plain cashew nuts without any additions as well as multiple roasting flavors 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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
European Cashew Nuts Market by Form
- Raw
- Roasted
European Cashew Nuts Market by Distribution Channel
- Offline
- Online
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.
The Report covers:
- Comprehensive research methodology of the European 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 European cashew nuts market.
- Insights about market determinants that are stimulating the European cashew nuts market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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