Asia-Pacific Cashew Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Asia-Pacific Cashew Exporting Countries and the market is Segmented by Geography (Vietnam, India, China, Japan, Australia, Indonesia, and the Philippines). The report includes Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price Trend Analysis. The market size and forecasts are provided in terms of value (USD) and volume (metric ton) for all the above segments.

Asia-Pacific Cashew Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Cashew Market Size

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Asia Pacific Cashew Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
Market Size (2025) USD 7.58 Billion
Market Size (2030) USD 9.42 Billion
CAGR (2025 - 2030) 4.44 %

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APAC Cashew Market Analysis

The Asia-Pacific Cashew Market size is estimated at USD 7.58 billion in 2025, and is expected to reach USD 9.42 billion by 2030, at a CAGR of 4.44% during the forecast period (2025-2030).

  • The cashew tree is found worldwide, but it is mostly grown commercially in Northeastern Brazil, Southeast Venezuela, and India. Today, cashew trees grow in other tropical and warm regions, such as Southeast Asia, Africa, and India. More than 80% of cashew cultivation is done by smallholding farms, ranging in size from 0.5 ha to 5 ha in countries of Asia. Medium- and large-scale commercial plantations produce 10-15% of the total production by employing hired laborers in the region.
  • Major cashew nut-producing countries in Asia-Pacific are Vietnam, India, Sri Lanka, Indonesia, and the Philippines. The region is the pioneer of cashew trade and processing on the global platform, which drives the market during the forecast period. According to Food and Agriculture Organization (FAO), India and Vietnam were the two major cashew producers, which accounted for 738 thousand metric tons and 399.3 thousand metric tons, respectively, in 2021. The largest exporting countries in quantities are the Philippines, Indonesia, and Vietnam, which export more than 70%.
  • China imports a large volume of cashews to cater to domestic consumption. The country is increasingly importing cashews to cater to this rapidly growing demand. According to official data from the China Customs Bureau, Chinese cashew imports have increased significantly. For instance, in 2021, China imported cashew nuts worth USD 190.9 thousand, an increase of 26.4% compared to 2020. These factors boost the market and are expected to grow in the coming years.

APAC Cashew Market News

  • January 2023: According to CRISIL (an Indian consulting firm offering ratings, analysis, risk, and policy advice) and a branch of S&P Global, the Indian cashew processing industry is driving demand for cashews, which extended beyond USD 300,000 million in 2022, an increase of 15% year-on-year growth in revenue.
  • July 2022: Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW), under the Mission for Integrated Development of Horticulture (MIDH) and Rashtriya Krishi Vikas Yojana (RKVY), implemented various initiatives that led to increased domestic production of cashew. DAC&FW has approved a program to extend the cashew cultivation area by 1.20 lakh hectares.
  • February 2021: The Department of Agricultural Extension (DAE) of the Ministry of Agriculture is focusing on implementing the project, which aims to increase the area of cashew cultivation in Bangladesh by developing new varieties and investing in processing mills in the country.

APAC Cashew Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
    • 5.1.1 China
    • 5.1.2 Vietnam
    • 5.1.3 India
    • 5.1.4 Indonesia
    • 5.1.5 Sri Lanka
    • 5.1.6 Japan
    • 5.1.7 Philippines

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Cashew Industry Segmentation

Cashew nuts are edible kidney-shaped nuts belonging to the Anacardiaceae family, rich in oil and protein, and are roasted and shelled before being eaten. Oil extracted from the shells is used as a lubricant in the production of plastics.

The Asia-Pacific cashew market is segmented by geography (Vietnam, India, China, Japan, Australia, Indonesia, and the Philippines). The report includes production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis.

The report offers the market size and forecasts in terms of both value (USD) and volume (metric ton) for all the above segments.

Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) China
Vietnam
India
Indonesia
Sri Lanka
Japan
Philippines
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APAC Cashew Market Research FAQs

How big is the Asia-Pacific Cashew Market?

The Asia-Pacific Cashew Market size is expected to reach USD 7.58 billion in 2025 and grow at a CAGR of 4.44% to reach USD 9.42 billion by 2030.

What is the current Asia-Pacific Cashew Market size?

In 2025, the Asia-Pacific Cashew Market size is expected to reach USD 7.58 billion.

What years does this Asia-Pacific Cashew Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Cashew Market size was estimated at USD 7.24 billion. The report covers the Asia-Pacific Cashew Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Cashew Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Cashew Industry Report

Statistics for the 2025 Asia-Pacific Cashew market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Cashew analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.