The Europe Cashew Nut Kernel Market would witness market growth of 4.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cashew Nut Kernel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $411.2 million by 2031. The UK market is exhibiting a CAGR of 3.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.4% during (2024 - 2031).
One of the primary drivers of the cashew nut kernel market is the growing consumer preference for healthy snacks. Cashew nuts serve as an outstanding source of beneficial lipids, proteins, and essential vitamins, specifically B6 and K, as well as vital minerals, including magnesium, zinc, iron, phosphorus, and copper. The expansion of the cashew nut kernel market has been greatly aided by the expansion of the food and beverage industry.
Moreover, cashews are widely used in the confectionery, bakery, dairy alternative, and snack industries, serving as an ingredient in premium chocolates, protein bars, cookies, and desserts. Additionally, the growth of plant-based and flexitarian diets has increased demand for cashew-based protein powders, meat substitutes, and functional food products, contributing to market growth.
Across Europe, the cashew nut kernel market is expanding due to health trends, culinary innovation, and strategic trade practices. Government programs promoting healthy eating, sustainable food choices, and support for the food industry's innovation have collectively contributed to the rising demand for cashew nuts. In Germany, the demand for cashew nut kernels has been significantly influenced by the country's strong emphasis on health and wellness.
Free Valuable Insights: The Global Cashew Nut Kernel Market will Hit USD 8.42 Billion by 2031, at a CAGR of 5.0%
Based on Type, the market is segmented into Conventional, and Organic. Based on Product, the market is segmented into White Wholes, Scorched Wholes, Dessert Wholes, White Pieces, and Other Product. Based on Distribution, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, and Online Retailers. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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