Indian Cashew Nuts Market Size, Share, Growth, Research and Forecast 2020-2026

 

Indian cashew nuts market is estimated to grow at a CAGR of 6.2% during the forecast period. The players are expanding their online presence which is expected to offer an opportunity for market growth. For instance, in November 2019, Haldiram’s has ventured into the US e-commerce market with Amazon's Global Selling Program. This initiative will support Haldiram’s to expand and enhance its penetration into the US market. As some Indians settled globally, there is an emerging demand for snacks that remind them of India. This collaboration with Amazon’s Global Selling Program will enable Haldiram’s to direct access to the American market.

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Moreover, VKC Nuts which is one of India’s processors, exporters, and importers of nuts and dried fruits has online retail and consumer brand Nutraj.com. This online store provides the finest range of healthy foods from globally to every Indian household. The holistic product spectrum features cashew, walnuts, raisins, almond, morels, macadamia nuts pecan, pistachios, and more. The company has witnessed enormous growth in the retail segment. In the online segment. VKC Nuts is intended to reach out to customers online by capturing the markets where healthy food stores are not available.

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Scope of the Indian Cashew Nuts Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Form and Distribution Channel
• Competitive Landscape- PepsiCo, Inc., the Kraft Heinz Co., and Haldiram Foods International Pvt Ltd

Recent Strategic Initiatives in the Indian Cashew Nuts Market

• In September 2019, the flagship brand of Greendot Health Foods Pvt Ltd, Cornitos, revealed flavored nuts and seeds within its Pop N Crunch range. This new range comprises Roasted Salted Pumpkin Seeds, Premium Cashews, California Almonds, Party Nut Mix, Sunflower seeds, Premium Salted Peanuts, and Coated Green Peas. These nuts and seeds are handpicked and processed with the use of advanced technology employing imported roasting lines that provide them a crunchy bite and a uniform roast. These nuts and seeds are packed in re-sealable nitrogen-filled pouches, which provide good shelf life.
• In July 2020, Cornitos introduced an e-commerce website, to deliver easy and safe accessibility of its products to its customers. This e-commerce website offers a range of choices to its customers to choose from a broad range of products starting from Nuts & Seeds, Nachos Crisps, Tortilla Wraps, Taco Shells, Dips, and Combo Packs. All the products are available online.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o   Recovery Timeline

o   Deviation from the pre-COVID-19 forecast

o   Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Indian Cashew Nuts Market-Segmentation

By Form

• Raw
• Roasted

By Distribution Channel

• Offline
• Online

Company Profiles

• Bhavin Enterprise
• Diwakar Retail Ltd.
• DRB Foods Pvt Ltd.
• Haldiram Foods International Pvt Ltd.
• Nilon’s Enterprises Pvt. Ltd.
• PepsiCo, Inc.
• Rajguru Foods (Delight Nuts)
• The Kraft Heinz Co.
• V.R. Industries Pvt Ltd.
• Western Indian Cashew Company Pvt. Ltd.

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