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What are recent market trends?

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Market outlook
Sep 17, 2021
Edited By
Seujin Jang
Sep 17, 2021
Edited By
Seujin Jang
Interest in health issues and ready-to eat snacks are driving up demand for cashew nuts. Also, covid-19 has affected the supply chain.

1. Demand for premium and directly consumed cashew kernel has been increasing due to rising health-conscious behavior of consumers

2. The growth is also driven by convenience food and ready-to –eat snacks -> growth in retail chain format

3. COVID-19 affected the whole supply chain because the industry is heavily dependent on man-power

4. There has been an increasing demand for organic cashews, especially used for snack bars. 

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