Market Size of India Processed Cashew Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.33 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Processed Cashew Market Analysis
The Indian processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025).
- The cashew kernel market has witnessed a rapid shift in the consumption pattern, across India, in recent years, primarily due to the flavored assorted cashew products occupying an increased share in the retail market space.
- With rising health-consciousness, consumers are preferring to snack healthy, due to which the demand for flavored cashews is rising in India.
- However, the cashew market in the country is expected to be hindered, as the local population prefers other lighter snacks, available at cheaper prices, for on-the-go snacking.
India Processed Cashew Industry Segmentation
The Indian processed cashew market is segmented by product type into plain/salted cashews and flavored cashews. Based on the distribution channel, the market is segmented as supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels.
By Product Type | ||||
Plain/Salted Cashews | ||||
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By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Specialty Stores | |
Online Retail Stores | |
Other Distribution Channels |
India Processed Cashew Market Size Summary
The processed cashew market in India is experiencing significant growth, driven by a shift in consumer preferences towards flavored cashew products. This change is largely attributed to the increasing health consciousness among consumers, who are seeking healthier snacking options. Despite this trend, the market faces challenges due to the local preference for more affordable, lighter snacks for on-the-go consumption. The Indian cashew industry is predominantly export-oriented, with a substantial number of processing units operating under both organized and unorganized sectors. The plain and salted cashew segment holds a major share of the market, as these products are widely consumed for their nutritional value and versatility in food and beverage applications, particularly in Indian cuisine.
The retail landscape for processed cashews is evolving, with consumers in urban areas favoring supermarkets and hypermarkets for their purchases. These retail channels are expanding into Tier 1 and Tier 2 cities, enhancing brand visibility and offering attractive discounts on bulk purchases. Competition among manufacturers is primarily focused on quality, with a growing demand for organically-grown nuts prompting processors to source from organic farms. Packaging innovation is also a key strategy, as manufacturers aim to attract consumers through appealing designs and convenient packaging options. The introduction of flavored cashews is another tactic used to capture a larger share of the snack market in India.
India Processed Cashew Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Plain/Salted Cashews
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2.1.2 Flavored Cashews
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2.1.2.1 Black Pepper
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2.1.2.2 Other Flavored Cashews
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Specialty Stores
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2.2.4 Online Retail Stores
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2.2.5 Other Distribution Channels
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India Processed Cashew Market Size FAQs
What is the current India Processed Cashew Market size?
The India Processed Cashew Market is projected to register a CAGR of 9.33% during the forecast period (2024-2029)
Who are the key players in India Processed Cashew Market?
Delicious Cashew Co., Wonderland Foods, Greendot Health Foods Pvt. Ltd and Royal Dry Fruits Pvt Ltd. are the major companies operating in the India Processed Cashew Market.