South America Cashew Market Introduction and Overview
According to SPER Market Research, the South America Cashew Market is estimated to reach USD 927.61 billion by 2033 with a CAGR 4.45%.
The report includes an in-depth analysis of the South America Cashew Market, including market size and trends, product mix, distribution channels, and supplier analysis. One common dry fruit that is consumed is the cashew nut, also referred to as cashew. It can be consumed raw, processed to make cashew butter or cashew cheese, or added to dishes. Derivatives from the shell of cashew seeds are used to make paints, lubricants, waterproofing materials, and even weapons. The pulp of the yellow to light reddish cashew apple can be processed into a sweet, astringent drink or distilled into a liquor. In addition to being high in heart-healthy monounsaturated fat and moderate amounts of polyunsaturated fat, cashew nuts are also high in protein, dietary fiber, and antioxidants. These vital fatty acids raise levels of healthy high-density lipoprotein cholesterol and decrease levels of dangerous low-density lipoprotein cholesterol in the blood.
Market Opportunities and Challenges
Opportunities: The market for cashew nuts in South America is being driven by the increasing demand for ready-to-eat snacks and convenience foods. The availability of many flavors, such as salted, smoky, butter, and pepper, has increased demand for organic cashew nuts. Customers are choosing healthier alternatives to meat and dairy as well as adopting a vegan lifestyle. A rise in per-capita health expenditure, a strong urbanization trend, the number of working women, and the middle class population expansion are other variables contributing to the high growth. Throughout the projected period, the market is anticipated to rise at a substantial rate due to the availability of many natural components in cashew nuts and growing consumer awareness of their health advantages.
Challenges: Many small-scale cashew processing facilities have filthy, unhygienic working conditions, which leads to cashew nuts of poor quality and high contamination levels. Although the machines are brought in to increase the operation's scale, they also cause certain quality problems. Aflatoxin contamination is another issue with food safety that can arise from storing high-moisture cashew nuts in different settings in nations like Ghana and the Ivory Coast. This keeps cashew output low. Luxurious snack nuts like cashews benefit from consumers' growing emphasis on convenience and health. Moreover, institutional concerns about food safety and certification are influenced by consumer preferences.
Market Competitive Landscape
The Cashew Market in South America is moderately fragmented. Some of the market key players are 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, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Form, By Usage, By Distribution Channel
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| Regions covered | Argentina, Brazil, Chile, Colombia, Peru
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| Companies Covered | 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, Others.
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COVID-19 Impact on South America Cashew Market
The cashew market is directly impacted by Covid-19 in a negative way. Because of the country's lockdown restrictions, cashew nut demand has been negatively impacted because of lower purchasing power brought on by lower income. An interruption in the cashew market's supply chain lowers the market's end-product cashew nut prices, which has a negative impact on the cashew value chain. It is anticipated that the market for cashews will continue to grow due to the market's rapid expansion and the ongoing trend toward healthier eating, as well as consumers' strong preference for ethically produced food and a growing need for snack goods.
Key Target Audience:
- Consumers (domestic and international)
- Retailers (supermarkets, specialty food stores)
- Food manufacturers (snack foods, confectionery)
- Exporters and importers
- Wholesalers and distributors
Our in-depth analysis of the South America Cashew Market includes the following segments:
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By Form:
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Whole
Powder
Paste
Splits
Roasted
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By Usage:
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Dairy Products
Confectionaries
Bakery Products
Snacks
Bars
Cereals
Desserts and Beverages
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By Distribution Channels:
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Hypermarkets
Supermarkets
Specialist Stores
Convenience Stores
Retailers
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Key Topics Covered in the Report:
- South America Cashew Market Size (FY’2024-FY’2033)
- Overview of South America Cashew Market
- Segmentation of South America Cashew Market By Form (Whole, Powder, Paste, Splits, Roasted)
- Segmentation of South America Cashew Market By Usage (Dairy Products, Confectionaries, Bakery Products, Snacks, Bars, Cereals, Desserts and Beverages)
- Segmentation of South America Cashew Market By Distribution Channels (Hypermarkets, Supermarkets, Specialist Stores, Convenience Stores, Retailers)
- Expansion Analysis of South America Cashew Market
- Problems and Obstacles in South America Cashew Market
- Competitive Landscape in the South America Cashew Market
- Impact of COVID-19 and Demonetization on South America Cashew Market
- Details on Current Investment in South America Cashew Market
- Competitive Analysis of South America Cashew Market
- Prominent Players in the South America Cashew Market
- SWOT Analysis of South America Cashew Market
- South America Cashew Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analysis
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South America Cashew Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South America Cashew Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South America Cashew Market
7. South America Cashew Market, By Form (USD Million) 2020-2033
7.1. South America Cashew Market Size, Share and Forecast, By Form, 2020-2026
7.2. South America Cashew Market Size, Share and Forecast, By Form, 2027-2033
7.3. Whole
7.4. Powder
7.5. Paste
7.6. Splits
7.7. Roasted
8. South America Cashew Market, By Usage (USD Million) 2020-2033
8.1. South America Cashew Market Size, Share and Forecast, By Usage, 2020-2026
8.2. South America Cashew Market Size, Share and Forecast, By Usage, 2027-2033
8.3. Dairy Products
8.4. Confectionaries
8.5. Bakery Products
8.6. Snacks
8.7. Bars
8.8. Cereals
8.9. Desserts and Beverages
9. South America Cashew Market, By Distribution Channels (USD Million) 2020-2033
9.1. South America Cashew Market Size, Share and Forecast, By Distribution Channels, 2020-2026
9.2. South America Cashew Market Size, Share and Forecast, By Distribution Channels, 2027-2033
9.3. Hypermarkets
9.4. Supermarkets
9.5. Specialist Stores
9.6. Convenience Stores
9.7. Retailers
10. South America Cashew Market Forecast, 2020-2033 (USD Million)
10.1. South America Cashew Market Size and Market Share
11. South America Cashew Market, By Region, 2020-2033 (USD Million)
11.1. South America Cashew Market Size and Market Share By Region (2020-2026)
11.2. South America Cashew Market Size and Market Share By Region (2027-2033)
11.3. Argentina
11.4. Brazil
11.5. Chile
11.6. Colombia
11.7. Peru
12. Company Profile
12.1. Ajanta Industries
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Achal Cashew Nuts
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Agrocel Industries
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. ALIEN Green
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. BATA FOOD
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Cascade Agroindustrial S.A
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. CBL Natural Foods PVT LTD
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Divine Foods
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Delphi Organic
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Aryan International
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Tierra farm
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
