Cashew nut is one of the important nut species in the global market. Since 2017, Vietnam has become the world’s top cashew nut processing center and largest exporter of cashew nuts, accounting for more than 50% of the global processed cashew nut raw materials. According to CRI’s analysis, Vietnam is characterized by the tropical monsoon climate, thus having natural advantages in cashew cultivation.

The total area planted with cashew nuts in Vietnam in 2020 was 302,500 ha, an increase of 5,300 ha from 2018-2019 crop year. In 2020, Vietnam’s total cashew nut production was 339,800 tons, an increase of 53,500 tons YOY, with an average yield of 1,123 kg per hectare, an increase of 180 kg YOY.

Vietnam exported a total of 521,419 tons of cashew nuts in 2020, up 13.48% YOY. Among them, exports to the United States rose 9.7% to 148,125 metric tons; 62,302 metric tons to China, down 7.3% from 2019; and exports to Europe and other countries rose 20.9% to 310,992 metric tons.

According to CRI’s analysis, with the entry into force of various FTAs such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP), and the gradual control of the COVID-19 epidemic, Vietnam’s cashew nut exports will continue to rise. The market size will reach USD4 billion.

According to CRI’s analysis, there are still some shortcomings in Vietnam’s cashew nut industry. For example, the cultivation of cashew nuts in Vietnam is still dominated by small-scale farmers, and has not yet formed large-scale production. And Vietnam is relatively backward in the cultivation technology, which to a certain extent limits the development of the cashew nut industry.

According to CRI’s analysis, in the global cashew nut value chain, Vietnam exports cashew nuts at about USD10 per kilogram or less, while cashew nut products are sold at up to USD20-30 per kilogram in the end market. Vietnam needs to increase the added value of cashew products and take advantage of modern processing technologies.

CRI expects that Vietnam’s cashew production and exports will continue to rise in 2022-2030, and for investors, there are many investment opportunities in Vietnam’s cashew industry, from cultivation to processing and trading.

Topics covered:

• Overview of Vietnam’s Cashew Industry
• Economic and Policy Environment of Vietnam’s Cashew Nut Industry
• What is the Impact of COVID-19 on Vietnam’s Cashew Nut Industry?
• Vietnam Cashew Nut Market Size, 2016-2021
• Forecast on Vietnam Cashew Nut Market, 2022-2030
• Analysis of Major Cashew Nut Companies in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Cashew Nut Industry
• What are the key drivers, challenges, and opportunities for the cashew nut industry in Vietnam during 2022-2030?
• What is the expected revenue of Vietnam cashew nuts market during 2022-2030?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of Vietnam’s cashew nuts market is expected to dominate the market in 2030?
• What are the major adverse factors facing the cashew nuts industry in Vietnam?

Related reports:

US and Europe Nuts and Seeds Cheese Market Research Report—Forecast till 2026

Research Report on Hazelnut Imports in China 2020-2024

The post Research Report on Vietnam’s Cashew Nut Market, 2016-2030 first appeared on CRI Report.

Market Overview
US and Europe nuts and seeds cheese market is anticipated to exhibit a CAGR of 6.84% to surpass USD 1,25,405.19 Thousand during the review period. Nut and seed-based cheese is non-dairy cheese that is majorly consumed by vegans and it is prepared using almonds, cashews, sunflower seeds, and chia seeds, among others. Cashews cheese is becoming more popular because it is a rich source of fat, protein, calcium, iron, and phosphorus, as well as excellent sources of antioxidants.
The US and Europe nuts and seeds cheese market is expected to register significant market expansion during the forecast period owing to the increasing consumer preference towards the vegan diet and rising lactose intolerance among the population of the US and Europe. Furthermore, the health benefits associated with nuts and seeds are anticipated to upsurge the growth of the market. However, the increasing incidences of nut allergies along with the high price of the products are expected to restrain the growth of the market during the review period. Also, the rising adoption of organic food & beverages is expected to promise an attractive opportunity for the players in the US and Europe nuts and seeds cheese market during the review period.
Market Segmentation
US and Europe Nuts and Seeds Cheese Market has been segmented based on Product Type, Form, and Distribution Channel. In terms of product type the global market has been classified into Almonds, Cashews, Sunflower Seeds, Chia Seeds, Macadamia, Pistachio, and Others. The cashews segment is expected to witness a significant CAGR to reach USD 43,931.51 thousand by the end of 2026 owing to the largest market share in 2019.
Based on the Form segment the market has been divided into Blocks & Wheels, Spreads, and Others. By Distribution Channel the US and Europe Nuts and Seeds Cheese Market is bifurcated into Store-Based and Non-Store-Based.

Country Analysis
US and Europe Nuts and Seeds Cheese Market has been segregated into the US, UK, Germany, France, Italy, Spain, and the Rest of Europe
Europe is expected to register the largest market share of US and Europe Nuts and Seeds Cheese Market owing to the highest market share of 69.62% in 2019. The regional market is attributed to the popularity of vegan food and beverages is exceptionally high in European countries. Additionally, the increasing consumer preference towards organic and non-genetically modified (GM) products combined with increasing adoption of flexitarians, vegetarian, and vegan diets are expected to surge the demand for vegan food and beverages. However, the demand for plant-based food is rising rapidly across the US in the last few years which, in turn, increases the requirement for nuts and seeds cheese in the region.

Major Players
The Key Players operating in the US and Europe nuts and seeds cheese market include Treeline Treenut Cheese (US), Kite Hill (US), Dr-Cow Tree Nut Cheese (US), Miyoko’s Creamery (US), Vtopian Artisan Cheeses (US), Heidi Ho! Foods (US), Parmela Creamery (US), Tyne Chease Limited (UK), and Nutcrafter Creamery (UK).

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post US and Europe Nuts and Seeds Cheese Market Research Report—Forecast till 2026 first appeared on CRI Report.

The multipurpose application in various industries has added to the value of Tree Nuts. The diverse application of Tree Nuts in various products such as ice-cream, confectionery, sports nutrition, personal-care products have increased the demand and has a positive impact on the high import-export volume of Tree Nuts. Almond is one of the major agricultural commodities and has witnessed high import and export during the last few years. Rising health concerns amongst the consumers have led to increased consumption of tree nuts based on their nutritional profile. Almonds, walnuts, cashewnuts, and others are a rich source of vitamins, minerals, and fibers and hence are used in various food and confectionery industries to increase the organoleptic property of the end-product.

Growing population, rise in disposable incomes and changing lifestyle has encouraged the unique innovations in the food sector. Consumers have recently got inclined more towards consumption of healthy food products with innovative flavors. The product development and addition of new flavors while the processing of tree nuts has attracted consumers towards the product and has influenced its growth in the sale. For instance, the sale of cashew nuts has increased due to innovations leading to new flavors such as pepper and salt cashew, honey sugar cashew, choco cashews and others. Innovations have also resulted in giving the final product of tree nuts a better shelf life and appearances.

Regional Analysis:
The Global tree nuts market is segmented into North America, Europe, Asia Pacific, Latin America and Rest of the World. Asia-Pacific region is estimated to dominate the market with 55.5% in the year 2016 followed by North America with 22.1% share. China and Vietnam are major tree nuts producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various tree nuts crops such as cashew nuts, chestnuts, and others backing up the increased production volume of the tree nuts.

Segments:
Tree nuts market has been segmented on the basis of product type which comprises of Cashew nuts, Walnuts, Almonds, Chestnuts, Pistachios, Hazelnuts, Brazil Nuts, Others. On the basis of form, tree nuts market has been segmented into Whole, Roasted, Powder, Splits, Others. Tree nuts market has been segmented by application such as direct consumption/Culinary purpose, Bakery and Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter and Spread, Dairy Products, and Others.

Key Players:
The leading market players in the global tree nuts market primarily are Golden Peanut Company Llc (U.S.), Olam International Ltd. (Singapore), Diamond Foods, Inc. (U.S.), Mariani Nut Company Inc. (U.S.), Blue Diamond Growers (U.S.), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc.(U.S.)

Target Audience:

• Food & beverages manufacturers
• Tree nuts manufacturers
• Raw material suppliers
• End users (food industry)
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings:
• Cashew nuts is estimated to account for the significant market share 25.8% in the year of 2017. The trend is expected to continue throughout the forecast period.
• Among the application, bakery & confectionery segment is estimated to hold a major share of about ~32.10% in the year 2016.
Regional and Country Analysis of tree nuts Market Development and Demand Forecast to 2023

the global tree nuts market is poised to reach 15,856-kilo tons in 2022, to grow at a CAGR of 3.46% during the forecasted period.

The reports also cover country-level analysis:

• North America
Ø U.S.
Ø Mexico
Ø Others
• Europe
Ø France
Ø Greece
Ø Italy
Ø Portugal
Ø Spain
Ø Ukraine
Ø Republic of Moldova
Ø Rest of Europe
• Latin America
Ø Argentina
Ø Brazil
Ø Chile
Ø Others
• Asia – Pacific
Ø China
Ø India
Ø Vietnam
Ø Rest of Asia-Pacific

• Rest of the world
Ø Iran
Ø Ivory Coast
Ø Turkey

Related reports:

https://www.cri-report.com/product/us-and-europe-nuts-and-seeds-cheese-market-research-report-forecast-till-2026/

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