Rise in Health Consciousness Anticipated to Drive Vietnam Cashew Market: Ken Research
by Rati Ram Business DeveloperAccording to study, “Vietnam
Cashew Comprehensive Report Q4/2019”
the key companies operating in the Vietnam cashew market areOLAM Vietnam Co. Ltd.,
Trading production Co. ltd., Hoang Gia Luan Trading service Co. ltd., Rals
International Vietnam Co. Ltd., Long Son JSC, Cao Phat Co. Ltd., Long An Food
Processing Export JSC, Hoang Son JSC, Thao Nguyen Co. ltd., Hai Viet Co. Ltd.
Key companies are focusing on supply-chain development & competitive
pricing to increase their export demand.Companies are also focusing on building
a proficient supply chain to ensure widespread availability of cashew nuts in
the market.
Vietnam is a major cashew producer country in the
Asia-Pacific region. Cashew is generally grown as a cash crop in the country. It
is grown in various habitats through cross-pollination. It is used as a snack
or as an addition to smoothies, salads, stir-fries and other meals. It is rich
in dietary fiber, protein, antioxidants and moderate amount of polyunsaturated
fats & heart-healthy monounsaturated fat. These fatty acids boost the
levels of good high density lipoprotein cholesterol and lower harmful
low-density lipoprotein cholesterol in the blood composition. It is also rich
in numerous essential minerals like copper, iron, magnesium, calcium,
potassium, zinc and phosphorus.The shell of its seed yield derivatives which
can be used in many applications for instance lubricants, paints, waterproofing
and arms production. In Vietnam, cashews have become popular throughout the
world due to their delicate flavor and extraordinary health benefits. The key
health benefits are included make a fantastic vegan cream, rich in
heart-healthy fatty acids, boost immune system, excellent source of
antioxidants, lowers your risk of gallstones and contain no cholesterol.
Based on type, Vietnam cashew market is segmented
into flavored cashew and unflavored cashew. Based on form type, market is
segmented into cashew kernels, raw cashew nuts, roasted cashew nuts, broken
&whole, and cashew nut shell liquid. Based on distribution channel, market
is segmented into supermarkets or hypermarkets, specialist stores, convenience
stores, and retailers. In addition, based on application, market is segmented
into confectionaries, bakery products, snacks & bars, cereals, dairy
products, desserts, and beverages and others.
The Vietnam cashew market is driven by rise in health consciousness, followed
by increase in disposable income, rise in shifting towards the consumption of
protein-rich nuts,increase in per-capita health expenditure, growth in
middle-class population, increase in number of working women, rapid
urbanization and growth in demand for convenient foods & ready-to-eat
snacks. However, high taxes and low prices of cashew products may impact
the market. Moreover, rise in availability of various flavors including salted,
butter, smoky and pepper is a key opportunity for market.
Based on geography, the Vietnam is a leading country
in global cashew industry owing to rise in awareness regarding health benefits
and presence of several natural ingredients in cashew nuts in the country. In
upcoming years, it is expected that future of the Vietnam cashew market will be
bright owing to rise in demand for dried fruits and nuts to protect the health
of consumers during the forecast period.
For More
Information, refer to below link:-
Related
Reports:-
Global
Dried Cashew Nut Snack Market Research (2015-2019) and Future Forecast
(2020-2025)
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Created on Feb 26th 2020 04:33. Viewed 353 times.