Market Size of Netherlands Cashew Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Netherlands Cashew Market Analysis
The Netherlands cashew market is projected to record a CAGR of 3.2% during the forecast period.
- There has been an increasing trend in the consumption of cashew nuts, owing to the increasing health consciousness among consumers in the country. Cashew nuts are also increasingly being used as an ingredient in spreads and snack bars (especially organic) over recent times, boosting the consumption of cashews overall.
- The rapidly growing groups of vegans, vegetarians, and occasional meat-eaters in the country have prioritized plant-based diets and alternative sources of protein instead of those derived from animals, resulting in the soaring demand for nuts and nut-infused food, thereby increasing the consumption of cashew nuts. Also, there has been an increasing application of cashew nuts in the end-user food market, boosting the consumption of cashew in the country.
- The Netherlands is one of the largest exporters of cashew nuts. In 2021, it exported 5,176.0 metric tons of cashew nuts which increased from 3,868.0 metric tons in 2018. The demand for the nut is growing at a continuous rate annually. The favorable exchange rates and stable prices in the domestic market are triggering the interest of packers and consumers equally.
