123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Environment >> View Article

United States Cashew Market – Growth, Trends, Covid-19 Impact, And Forecasts (2021 – 2026)

Profile Picture
By Author: Statzy Market Research
Total Articles: 979
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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.

For sample report please visit : www.statzyreports.com/report/sr496542/united-states-cashew-market

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.

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.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– 3 months of analyst support

For sample report please visit : www.statzyreports.com/report/sr496542/united-states-cashew-market

Contact Us:
Poojan Dogra
Public Relations Manager
Statzy Market Research
Email : info@statzyreports.com
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

More About the Author

StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.

Total Views: 258Word Count: 447See All articles From Author

Add Comment

Environment Articles

1. The Busch Group At The Hannover Messe 2025 Trade Show:
Author: Busch Vacuum Solutions

2. How Electronic Waste Recycling Helps Reduce Environmental Pollution
Author: Trisha Menon

3. The Ultimate Guide To Jobs: Opportunities, Challenges, And Future Trends
Author: Bilal Munsif

4. Pfeiffer Vacuum+fab Solutions Achieves Validation Of Emission Reduction Targets By The Sbti
Author: Busch Vacuum Solutions

5. Will The Us Homeowners' Insurance Crisis Break The Economy?
Author: Impaakt Magazine

6. Isotech Battery Test Chambers For Safe Lithium-ion Battery Testing
Author: Digityal team

7. What Is The Future Outlook For The Agricultural Micronutrients Market?
Author: Max

8. Understanding Geopolitics From The Lens Of Arctic
Author: Impaakt Magazine

9. Why Orange County Homeowners Are Switching To Artificial Grass Recently
Author: Green Turf

10. Fire Insurance Myths
Author: Impaakt Magazine

11. What Is Healthy Soil? Why Is It Important?
Author: Dev kumar

12. Top Benefits Of Hiring A Skip For Residential And Commercial Projects
Author: Lily Jones

13. California's Fire Season Is Now Year Around
Author: Impaakt Magazine

14. Environmental Issues For Climate Change - What Can You Do?
Author: Climate Diet

15. Pg&e’s Rate Increases In 2024: How It Impacts California Homeowners And Why Solar Energy Is The Solution
Author: Nabu Energy

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: