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.
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North American Cashew Nuts Market Segmentation
By Form
- Raw
- Roasted
By Distribution Channel
- Offline
- Online
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Regional Analysis
- United States
- Canada
Company Profiles
- Aliments Krispy Kernels, Inc.
- Bassé Nuts
- Blue Diamond Growers
- Napa Nuts
- PepsiCo, Inc.
- Snak King Corp.
- Star Snacks, Co. LLC
- The Kraft Heinz Co.
- Tropical Foods
- Prana Snacks
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