Europe Cashew Nuts Market size is expected to be worth USD 2.95 billion in 2024 and is estimated to be growing at a CAGR of 3.8%, to reach USD 3.54 billion by 2029.
The cashew nut which is often simply called cashew is a widely consumed dry fruit. It is eaten on its own, processed into cashew butter or cashew cheese, or is used in recipes. The shell of the cashew seeds yields derivatives that can be used in many applications such as paints, lubricants, waterproofing, and arms production. The cashew apple is a yellow to light reddish fruit, whose pulp can be processed into an astringent, sweet fruit drink or distilled into liquor. Cashew nuts are rich in protein, dietary fiber, and antioxidants and moderate amounts of polyunsaturated fats and heart-healthy monounsaturated fat, these essential fattyraiseds rise the levels of good high-density lipoprotein cholesterol and lower harmful low-density lipoprotein cholesterol in the blood composition. They are rich in various essential minerals like magnesium, potassium, calcium, copper, iron, zinc, and phosphorus. Cashew nuts are also rich in vitamins such as vitamin C, vitamin E, vitamin B1, vitamin B2, vitamin B3, vitamin B6, and vitamin K.
The driving factors the of European Cashew Nuts market are the re growing demand for convenience foods, and ready-to-eat snacks. The availability of various flavors including butter, pepper, smoky, and salted, has driven the sales of organic cashew nuts. Consumers are increasingly adopting a vegan lifestyle and opting for healthy substitutes for meat and dairy. Other factors attributable to the high growth include the increasing number of working women, a rise in per-capita health expenditure, rapid urbanization, and growth in the middle-class population. The presence of several natural ingredients in cashew nuts with rising awareness regarding health benefits is expected to contribute significantly to the growth of this market in the forecast period.
Europe has the second leading market for Cashew Nuts in the world. Factors such as growing demand for convenience foods and rising awareness about its health benefits are expected to drive the market growth in the region.
Key Players In Europe Cashew Nuts Market are Ajanta Industries, Achal Cashew nuts, Agrocel Industries, ALIEN GREEN, BATA FOOD, Cascade Agroindustrial S.A, CBL Natural Foods (PVT) LTD, DIVINE FOODS, Delphi Organic, Aryan International, Tierra Farm and others.
Frequently Asked Questions
Cashew nuts are primarily grown in tropical regions, including countries like Vietnam, India, Nigeria, Ivory Coast, and Brazil. These countries export cashew nuts to various markets worldwide, including Europe.
Factors driving growth include increasing consumer awareness about the nutritional benefits of cashew nuts, rising demand for plant-based snacks and ingredients, and the versatility of cashew nuts in culinary applications.
Cashew nuts are rich in healthy fats, protein, fiber, vitamins (such as B vitamins and vitamin E), and minerals (such as magnesium, zinc, and iron), making them a nutritious addition to a balanced diet.
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