Market Size of Europe Cashew Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.63 Billion |
| Market Size (2029) | USD 2.03 Billion |
| CAGR (2024 - 2029) | 4.48 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Cashew Market Analysis
The Europe Cashew Market size is estimated at USD 1.63 billion in 2024, and is expected to reach USD 2.03 billion by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).
- Europeans consume cashew nuts as simple snacks, often roasted and salted. Recently, there's been a notable uptick in the consumption of unsalted and less-processed varieties. However, Europe faces challenges in cashew production due to its unsuitable climate. Cashew plants thrive in tropical regions characterized by warmth and humidity, which starkly contrast Europe's colder, drier climate.
- As a result, Europe primarily sources its cashew nuts from Vietnam, Cote d'Ivoire, India, and Brazil. For example, in 2023, data from the ITC Trade Map revealed that Europe imported 237,995 metric tons of cashew nuts, marking a 5.4% increase from the previous year, underscoring the region's rising demand. Germany, the Netherlands, and the United Kingdom stand out as the primary importers, collectively accounting for 59.4% of Europe's total imports.
- Additionally, the region facilitates the re-exporting of imported cashew nuts among its member countries. For example, as reported by CBI, Ministry of External Affairs, the Netherlands is the second-largest importer of cashew nuts, subsequently re-exporting them to various European nations. Germany is the primary recipient of these Dutch re-exports, consuming approximately 15,000 metric tons annually. France also plays a significant role, another major destination for Dutch re-exports, having imported over 4,600 metric tons in 2022.
Europe Cashew Industry Segmentation
Cashew nuts are edible, kidney-shaped nuts, rich in oil and protein, and roasted and shelled before being eaten. The European cashew market report is segmented by geography (Germany, Netherlands, France, and United Kingdom.) The information includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| By Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) | |
| Germany | |
| Netherlands | |
| France | |
| United Kingdom |
Europe Cashew Market Size Summary
The European cashew market is poised for steady growth, driven by a rising demand for healthy snacking options and plant-based protein sources. As European consumers increasingly prioritize nutritional content, cashews have become a popular choice, particularly among health-conscious individuals. This trend is further bolstered by the growing incorporation of cashews in various snack products, with major food companies launching new offerings that include cashew nuts. Despite the lack of domestic production, the market is supported by significant imports, primarily from countries like Vietnam and India, which are the leading suppliers to the region. The Netherlands and Germany play crucial roles as major importers and re-exporters, facilitating the distribution of cashews across Europe.
The demand for cashews in Europe is further amplified by the region's reliance on imports, with the Netherlands and Germany accounting for a substantial portion of the trade. The European Union and Vietnam Free Trade Agreement has also contributed to the market's expansion by reducing import tariffs, enhancing the attractiveness of Vietnamese cashew nuts. The increasing popularity of cashews is reflected in their diverse applications, ranging from simple snacks to ingredients in fruit and nut bars, breakfast cereals, and confectionery products. This growing consumption, coupled with strategic trade partnerships and favorable trade agreements, is expected to drive the market's growth over the forecast period.
Europe Cashew Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
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2.1.1 Germany
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2.1.2 Netherlands
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2.1.3 France
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2.1.4 United Kingdom
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Europe Cashew Market Size FAQs
How big is the Europe Cashew Market?
The Europe Cashew Market size is expected to reach USD 1.63 billion in 2024 and grow at a CAGR of 4.48% to reach USD 2.03 billion by 2029.
What is the current Europe Cashew Market size?
In 2024, the Europe Cashew Market size is expected to reach USD 1.63 billion.
