Vietnam Cashew Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Cashew Production in Vietnam and Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price Trend Analysis of Cashews. The Market Size and Forecasts are Provided in Terms of Value (USD) and Volume (metric Tons) for all the Above Segments.

Vietnam Cashew Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam Cashew Market Size

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Vietnam 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 5.08 Billion
Market Size (2030) USD 6.73 Billion
CAGR (2025 - 2030) 5.80 %

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Vietnam Cashew Market Analysis

The Vietnam Cashew Market size is estimated at USD 5.08 billion in 2025, and is expected to reach USD 6.73 billion by 2030, at a CAGR of 5.8% during the forecast period (2025-2030).

  • In recent years, Vietnam has experienced consistent cashew production growth, driven by rising domestic and international demand. The country has invested in modernizing cashew farming practices, adopting advanced technologies, and improving infrastructure to enhance productivity and quality. Cashew nuts are a key nut species in Vietnam, contributing more than 40% to global production among all cashew-producing nations. Production increased by 5% in 2022 to 294.9 thousand metric tons from the previous year due to increasing demand from the processing industry.
  • According to ITC Trade Map Data, Vietnam's export value of fresh or dried shelled cashews in 2022 was approximately USD 2.5 billion. This value has fluctuated due to global demand and competition from markets such as India and Africa. The primary importers of Vietnamese cashews are the United States, the European Union, and China.
  • Vietnam is the largest producer and exporter of processed cashew nuts globally. The southern provinces of Binh Phuoc, Dong Nai, and Ba Ria-Vung Tau are major cashew farming areas in Vietnam. Binh Phuoc is particularly known as the “cashew capital” of the country, contributing significantly to cashew production. Despite being a global leader in processing and exporting cashews, Vietnam imports a significant amount of raw cashew nuts from African countries such as Nigeria and the Ivory Coast to meet the demand for its processing facilities. The country's focus has been shifting towards modernizing its cashew industry, improving productivity, and moving up the value chain by processing and branding high-quality cashew products.

Vietnam Cashew Market News

  • February 2023: The Cashew Nut Association of Cambodia (CAC) and the Vietnam Cashew Association (Vinacas) have signed a memorandum of understanding (MoU), allowing Cambodian farmers to sell directly to Vietnamese processing plants and bypass the traditional brokers.
  • September 2022: Vinapro has launched Richer Milk, the first cashew milk line in Vietnam, made with 100% premium Vietnamese cashew nuts and natural flavor.

Vietnam 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
    • 4.2.1 Favorable Government Initiatives
    • 4.2.2 Availability of Advanced Processing Technology
    • 4.2.3 Increased Demand for Exports
  • 4.3 Market Restraints
    • 4.3.1 Climate Change and Environmental Challenges
    • 4.3.2 Higher Dependence on Raw Cashew Imports
  • 4.4 Value Chain / Supply Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Production Analysis
  • 5.2 Consumption Analysis (Value and Volume)
  • 5.3 Import Analysis (Value and Volume)
  • 5.4 Export Analysis (Value and Volume)
  • 5.5 Price Trend Analysis

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vietnam Cashew Industry Segmentation

Cashew nuts are edible kidney-shaped nuts rich in oil and protein. They are either roasted or shelled before being eaten. Oil extracted from the shells is used as a lubricant in the production of plastics.

The study analyzes the cashew market scenario in Vietnam. The Vietnamese cashew market report covers an extensive analysis of production(volume), consumption(volume and value), import(volume and value), export(volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.

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Vietnam Cashew Market Research FAQs

How big is the Vietnam Cashew Market?

The Vietnam Cashew Market size is expected to reach USD 5.08 billion in 2025 and grow at a CAGR of 5.80% to reach USD 6.73 billion by 2030.

What is the current Vietnam Cashew Market size?

In 2025, the Vietnam Cashew Market size is expected to reach USD 5.08 billion.

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

In 2024, the Vietnam Cashew Market size was estimated at USD 4.79 billion. The report covers the Vietnam Cashew Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Cashew Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Cashew Nuts Industry Report

Statistics for the 2025 Vietnam Cashew market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam 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.

Vietnam Cashew Nuts Market Report Snapshots