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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
*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 2023, the market reached an approximate volume of 19.15 KMT.
The market is estimated to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 30.74 KMT by 2032.
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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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124