Organic cashew nuts are the nuts which are rich in protein, dietary fiber, and antioxidants and heart-healthy monounsaturated fat and moderate amounts of polyunsaturated fats, these essential fatty acids increase good HDL (high-density lipoprotein) cholesterol and lower harmful LDL (low-density lipoprotein) cholesterol in the blood. Organic cashew nuts contain less fat than regular (non-organic) cashew nuts. Organic cashew nuts are rich in various essential minerals like calcium, copper, iron, magnesium, potassium, zinc and phosphorus. Organic cashew nuts are also rich in vitamins such as vitamin B1, vitamin B2, vitamin B3, vitamin B6, vitamin C, vitamin E and vitamin K.
Raw organic cashew nuts are an excellent source of oleic acid, which is healthy fat found in olive oil, intake of oleic acid supports heart health. It helps in preventing the risk for chronic conditions such as diabetes, heart disease and cancer. The numerous health attributes of organic cashew nuts have been leading factors responsible for their growing popularity and increased consumption for organic cashew nuts market globally.
Organic Cashew Nuts: Market Segmentation
Organic Cashew Nuts market can be segmented by usage, form, distribution channel and by regions. Based on usage, organic cashew nuts are segmented into confectionaries, dairy products, bakery products, snacks & bars, desserts, cereals, and beverages.
By forms, organic cashew nuts are segmented into whole, powder, paste, roasted and splits.
Based upon distribution channel, organic cashew nuts market is segmented into supermarkets/hypermarkets, convenience stores, specialist stores, and retailers. Expansion of retail chain format on a global level has contributed significantly to the growth of supermarket/hypermarket over the forecast period.
Organic Cashew Nuts Market: Regional Outlook
By geographic market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa. In regional segments, Asia-Pacific region is anticipated to witness high growth in the organic cashew nuts market owing to increasing disposable income in the region and the rising health consciousness. Viet Nam is the global leader followed by Nigeria, India, Côted, Ivoire. The consumers are shifting their preference towards organic cashew nuts as it consists of various nutritional values.
Organic Cashew Nuts Market Trends and Market Drivers:
Organic cashew nuts are anticipated to witness continuous growth over the forecast period. The growth of organic cashew nuts market is driven by rising demand for convenient foods, and ready-to-eat snacks have fueled the market globally. Availability of various flavors including smoky, salted, butter, pepper has driven the sales of organic cashew nuts. Consumers are increasingly embracing the vegan lifestyle and opting for healthy substitutes for dairy, meat and another conventional source of protein. Vegan perceives vegan diet which is healthier than a meat-based one. Consumers are replacing traditional sources of protein like plant-based alternatives, red meat, they are shifting towards the consumption of protein-rich nuts, which has emerged as a feasible option.
Other factors attributable to the high growth includes a rise in per-capita health expenditure, increasing number of working women, growth in middle-class population and rapid urbanization. The presence of various natural ingredients in organic cashew nuts with growing awareness regarding health benefits contributed significantly to its volume growth over the forecast period.
Organic Cashew Nuts Market Key Players:
Some of the key players in the Organic Cashew Nuts market include 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. Organic Cashew Nuts market is investing in R&D activities to boost the functional profile of Organic Cashew Nuts. Companies are also focusing on building an efficient supply chain to ensure wide availability of Organic Cashew Nuts in the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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