Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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 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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