Germany Cashew Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Detail Analysis of Cashew Market in Germany Is Provided by Production, Consumption, Imports and Exports of Cashews Within the Country. A Price Analysis has also been Included.

Market Snapshot

intro
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 4.1 %

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Market Overview

The market for cashew in Germany is estimated to grow at a CAGR of 4.1% in terms of consumption during the forecast period of 2020-2025. Germany is one of the major markets for cashew consumption in the European Union. The country’s market accounts for around the European market demand, which is growing continuously due to the high demand from the food and food processing industries. The favorable exchange rates and stable prices in the regional market are equally triggering the interest of packers and consumers.

Scope of the Report

The country’s market for cashew nut kernels is highly focused on the snack segment, whereas demand for pieces and broken kernels are derived from the growing food industry. The nuts are generally imported directly by the large snack companies such as Intersnack, without the intermediate role of traders. For the small food and snack companies, importers buy and distribute to roasters/packers or the food processing industry. Depending on the sourcing strategies of buying companies, cashew nuts are distributed throughout the country in many different ways. The consumers in Germany are increasingly consuming cashews, mainly due to the lower price differentiation between cashew and other nut crops.

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Key Market Trends

Increasing Import Demand for the Cashew

Germany accounts for 53% of the imported cashew circulated within the region. The major countries exporting cashew nuts to Germany are Vietnam, Nigeria, India, Côte d'Ivoire, and Benin. The import demand for cashew is enhancing owing to the increasing health benefits among the customers. In addition to this, cashews are high in monounsaturated and polyunsaturated fats and are a good source of protein. The rich fat content of cashews makes them a seamless substitute for heavy cream, as it can be added to a variety of sweet or savory dishes as a healthy vegan substitute for heavy whipping cream.

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Increasing Usage of Cashew in the Food Industry

The country’s market for cashew kernels is highly focused on the snack segment, whereas the demand for pieces and broken kernels are derived from the growing food industry. Cashew kernels are largely used in the German market as a roasted-and-salted snack. Lately, cashew kernel also turns out to be interesting to industrial users and is used in cookies and cereals, and is also promoted as a topping on ice cream. The consumers in Germany are increasing, mainly due to the lower price differentiation between cashew and other nuts, like almonds. Despite the minimal production within the country, it is completely dependent on the imports to satiate the domestic demand.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

    5. 4.5 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Production Analysis

    2. 5.2 Consumption Analysis

    3. 5.3 Import Analysis by Volume and Value

    4. 5.4 Export Analysis by Volume and Value

    5. 5.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Germany Cashew Market market is studied from 2016 - 2026.

The Germany Cashew Market is growing at a CAGR of 4.1% over the next 5 years.

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