North America Cashew Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The North American cashew market is segmented by geography into the United States, Canada, and Mexico. The report covers the extensive study of production, consumption, trade, and price trend analysis of cashew market, in addition to the value chain analysis.

Market Snapshot

Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.3 %

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Market Overview

The North American cashew market is projected to record a CAGR of 4.3% during the forecast period (2020-2025).

  • North American cashews contain less selenium compared to the cashews grown in the tropical regions. Most of the regional demand for cashews come from the United States and Canada. Since the region does not produce cashew as a major crop, the countries here cater to Africa, Brazil, and India for their market demand.
  • The United States and Canada continue to be the largest buyer of Indian cashews and Brazil is another major exporter that supplies to the United States. Indian cashews are available with prominent importers in the United States, Mexico, and Canada.

Scope of the report

Cashew nuts are imported, exported, and distributed in many forms, such as in shell, shelled, raw, and salted. However, to avoid any double calculation, the complete analysis of the global production is focused on in-shell cashew nuts. Trade of in-shell cashew nuts is close to negligible in the region, as compared to shelled cashews. Hence, imports and exports of shelled cashews are considered in the analysis of the report.

Geography
United States
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Value and Volume
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Value and Volume
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Value and Volume
Price Trend Analysis

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Key Market Trends

United States is Growing to Emerge as an Exporter

The major countries to which the United States exports its shelled cashews include Canada, Vietnam, China, and Mexico. The country also carries out re-exports to a few countries. These include Canada, Vietnam, the United Kingdom, and the Netherlands. However, since the country is mainly import-dependent, these are relatively small in number. There are few major growers and distributors of cashew nuts in California viz., Braga Organic Farms, Diamond Foods LLC, Flanigan Farms Natural Foods, Bates Nut Farm, D&S Ranches, etc. With a high growth rate in the price of imported cashew, the region has begun to produce cashews in recent years. The United States exported 2652 ton in 2018, which increased to 2765 ton in 2019. Therefore, there is a rising potential in the country to cultivate cashews in the years to come.

Agricultural Irrigation Machinery Market Revenue (%),2018

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United States Dominates the Market

The United States is the major consumer of cashews followed by Canada and Mexico. The consumption of cashews is mainly concentrated in some states owing to the high growth rate of the price of imported cashew. This, in turn, will lead the market value to increase much faster than the consumption volume. The consumption of cashew is majorly concentrated in states, like California, Florida, New York, Texas, and New Jersey. The main countries from which Canada has been importing cashews for its consumption over the past few years include Vietnam, Brazil, India, and Cote d’Ivoire. Some of the importers of cashew nuts in Canada include All Gold Imports Inc., Bulk Barn Foods Limited / Aliments Bulk Barn Limited, and Golden Boy Foods Limited Partnership. The consumption of shelled cashew nuts in Mexico observed a slant downturn in 2016-17 as compared to other countries owing to the rising trend of prices which has affected its consumption on a large scale.

Agricultural Irrigation Market Revenue in USD Million, 2016-2018

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Market Definition

    2. 1.2 Study Assumptions

    3. 1.3 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 / Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 United States

        1. 5.1.1.1 Production Analysis

        2. 5.1.1.2 Consumption Analysis

        3. 5.1.1.3 Import Analysis by Volume and Value

        4. 5.1.1.4 Export Analysis by Value and Volume

        5. 5.1.1.5 Price Trend Analysis

      2. 5.1.2 Canada

        1. 5.1.2.1 Production Analysis

        2. 5.1.2.2 Consumption Analysis

        3. 5.1.2.3 Import Analysis by Volume and Value

        4. 5.1.2.4 Export Analysis by Value and Volume

        5. 5.1.2.5 Price Trend Analysis

      3. 5.1.3 Mexico

        1. 5.1.3.1 Production Analysis

        2. 5.1.3.2 Consumption Analysis

        3. 5.1.3.3 Import Analysis by Volume and Value

        4. 5.1.3.4 Export Analysis by Value and Volume

        5. 5.1.3.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The North America Cashew Market market is studied from 2016 - 2026.

The North America Cashew Market is growing at a CAGR of 4.3% over the next 5 years.

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