United States Cashew Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The United states cashew market analysis the Production (Volume), Consumption (Value and Volume), and trade in terms of Import (Value and Volume), Export (Value and Volume), and Price Trend analysis of cashew in the United states

Market Snapshot

Market 1
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

3.1 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The United States cashew market is estimated to register a CAGR of 3.1% during the forecast period (2021-2026).

COVID-19 has a direct and negative impact on the cashew market in United States. Due to the closure of cashew factories, value addition activities were affected negatively and this has resulted in the rise of cashew prices.

Health benefits of cashew consumption and demand from cashew processing industries are the prime drivers of the market.The consumption of cashew is majorly concentrated in states, like California, Florida, New York, Texas, and New Jersey. 

In 2020, the country exports about USD 679 thouand of cashew majorly to Jamaica, Trinidad & Tobago, Canada and South Korea. Similarly the county imports the cashew majorly from the countries such as Vietnam, Cote d Ivoire and Honduras.

Scope of the report

Cashews are kidney-shaped edible nuts, rich in oil, protein, and fats. The study analyzes the global scenario of the cashew market. The report covers production (Volume), consumption (Value & Volume), trade (Value & Volume), and price trend analysis of cashew at a macro-level, in addition to the value chain and price trend analysis. Raw cashew nuts (in shell) have been considered while collecting data for consumption and trade analysis.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Decrease in the Cashew Imports

In United States, Cashew (in shell) imports are very low and have been decreasing at a significant rate since 2017. According to the ITC Trade Map, the country imports 143 metric ton of cashew (in shell) in 2020, which is almost 56.4% less than the imports noticed in 2017, which was 328 metric tons. The main reason for the reduction in imports is due to the fall in the prices in the US market. The prices of cashews have declined by 13.5% in 2018 which effected the cashew imports. Vietnam is the largest exporter of cashew in shell to United States accounting for the 89% of the total imports in terms of volume followed by Cote d Ivoire and Honduras with 9% and 2% respectively in 2020.

Cashew Market:  Imports of Cashew(In shell), USD Thousand, United States, 2017-2020

To understand key trends, Download Sample Report

Growth in the Consumption of Cashew in United States

The United States is the 2nd largest consumer of cashew in terms of volume with the share of 20.97% of the total global consumption in 2018. Cashews are also increasingly used as a constituent in muesli, energy bars, cookies, chocolate, and ice creams . Therefore, high demand from direct consumers and cashew milk processing industries in the United States are the key stimulants for the cashew consumption in the United States. vegetarians have prioritized plant-based diets and as alternative sources of protein, instead of those derived from animals, resulting in the soaring demand for nuts and nut-infused food, thereby increasing the per capita consumption of cashew nuts in the country. According to the International Nut and Dried Fruits Council, the Per capita consumption of cashews in the country is increased from 0.44 kilograms in 2016 to 0.46 kilograms in 2018.

Consumption of Cashews in Thousand Metric Tons, United States,  2016-2018

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Market Definition & Study Assumptions

    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. 5. MARKET SEGMENTATION

    1. 5.1 Production Analysis (Volume)

    2. 5.2 Consumption Analysis (Value & Volume)

    3. 5.3 Import Analysis (Value & Volume)

    4. 5.4 Export Analysis (Value & Volume)

    5. 5.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The United States Cashew Market market is studied from 2016 - 2026.

The United States Cashew Market is growing at a CAGR of 3.1% over the next 5 years.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!