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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Vietnam Cashew Market Size

The Vietnam cashew market reached approximately 19.15 KMT in 2024. The market is projected to grow at a CAGR of 5.4% between 2025 and 2034, reaching a value of around 30.74 KMT by 2034.

Vietnam Cashew Market Report Summary Description Value
Base Year KMT 2023
Historical Period KMT 2018-2024
Forecast Period KMT 2025-2034
Market Size 2024 KMT 19.15
Market Size 2034 KMT 30.74
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 5.4%
CAGR 2025-2034 - Market by Region Southeast 5.7%
CAGR 2025-2034 - Market by Region Mekong River Delta 5.2%
CAGR 2025-2034 - Market by Type White 6.3%
CAGR 2025-2034 - Market by Form Whole 6.4%
Market Share by Region Mekong River Delta 16.8%

Vietnam Cashew Market Outlook

  • In 2023, the Southeast Asian nations collectively produced 1.5 million tons of cashews, making up a considerable 36.6% of the global production share.
  • Binh Phuoc province is considered the primary hub for cashew production in Vietnam, encompassing more than half of the nation's cashew cultivation area and output.
  • In 2022, cashew imports in Vietnam amounted to approximately 2 billion US Dollars.

Vietnam Cashew Market Growth

Binh Phuoc, located in Vietnam, boasts an impressive 152,000 hectares of cashew plantations, yielding approximately 170,000 tonnes annually. The province's favourable natural conditions, coupled with the implementation of advanced agricultural practices, have significantly boosted the productivity of cashew trees in the region.

Despite Vietnam's reliance on cashew imports to satisfy local demand, the country's diverse climates, subtropical in the north and tropical in the central and southern regions, provide ideal conditions for cashew nut cultivation. However, the current production levels are insufficient to meet the needs of the Vietnamese population. The largest consumer bases are concentrated in urban centres such as Ho Chi Minh City, Hanoi, and Da Nang, while smaller retail establishments, wholesale markets, and speciality food stores across Vietnam trade in smaller quantities of cashews.

Moreover, whole cashew kernels hold higher value compared to broken pieces, with a preference for white or pale ivory-coloured nuts over coloured or burnt ones. Processed cashews primarily consist of plain or salted varieties. Vietnam predominantly imports in-shell cashews rather than shelled ones, with a significant portion originating from cashew-producing nations in Africa. Noteworthy is Vietnam's pioneering role in advanced cashew processing technology, solidifying its position as a leader in this particular sector segment.

Vietnam Cashew Market

Vietnam Cashew Industry Segmentations

“Vietnam Cashew Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

CAGR 2025-2034 - Market by Type
White 6.3%
Dessert 5.6%
Scorched XX%

Market Breakup by Type

  • White
  • Scorched
  • Dessert
CAGR 2025-2034 - Market by Form
Whole 6.4%
Pieces XX%

Market Breakup by Form

  • Whole
  • Pieces
CAGR 2025-2034 - Market by Region
Southeast 5.7%
Mekong River Delta 5.2%
Red River Delta XX%
South Central Coast XX%
Others XX%

Market Breakup by Region

  • Southeast
  • Red River Delta
  • Mekong River Delta
  • South Central Coast
  • Others

Vietnam Cashew Market Share

Based on the type, the market is segmented into white, scorched, and dessert. White cashew type is projected to grow at a CAGR of 6.3% during the forecast period of 2025-2034. High-quality cashew nuts classified by colour, size, and appearance are referred to as white cashews. There are numerous commercial and culinary applications for these distinct types of white cashews due to their variations in size, shape, and quality.

Market Share by Region
Mekong River Delta 16.8%
South Central Coast XX%
Southeast XX%

Leading Companies in the Vietnam Cashew Market

Market players are investing heavily in organic production practices and incorporating advanced manufacturing techniques to gain a competitive edge.

  • PAN Group
  • Donafoods (Dong Nai Agricultural Products Import-Export Processing Joint Stock Company
  • Vietnam Cashew Processing Co.
  • CPT CORP
  • MYANCO.,Ltd.
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Form
  • Region
Breakup by Type
  • White
  • Scorched
  • Dessert
Breakup by Form
  • Whole
  • Pieces
Breakup by Region
  • Southeast
  • Red River Delta
  • Mekong River Delta
  • South Central Coast
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • PAN Group
  • Donafoods (Dong Nai Agricultural Products Import-Export Processing Joint Stock Company)
  • Vietnam Cashew Processing Co.
  • CPT CORP
  • MYANCO.,Ltd.
  • Others

Vietnam Cashew Market Report Snapshots

Vietnam Cashew Market Size

Vietnam Cashew Market Growth

Vietnam Cashew Market Share

Vietnam Cashew Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate volume of 19.15 KMT.

The market is estimated to grow at a CAGR of 5.4% between 2025 and 2034.

The market is estimated to witness a healthy growth during 2025-2034 to reach around 30.74 KMT by 2034.

The market is being driven by the rising health-conscious population and surging international trade agreements.

The key trends aiding the cashew market in Vietnam include the adoption of sustainable production practices and the incorporation of advanced manufacturing techniques.

The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.

The major forms of cashew include whole and pieces.

The major players in the market are PAN Group, Donafoods (Dong Nai Agricultural Products Import-Export Processing Joint Stock Company, Vietnam Cashew Processing Co., CPT CORP, and MYANCO.,Ltd., among others.

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