| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Market Size (2025) | USD 9.18 Billion |
| Market Size (2030) | USD 11.50 Billion |
| CAGR (2025 - 2030) | 4.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
Cashew Value Chain Analysis Market Analysis
The Cashew Market size is estimated at USD 9.18 billion in 2025, and is expected to reach USD 11.50 billion by 2030, at a CAGR of 4.6% during the forecast period (2025-2030).
Cashews are rich in healthy fats, protein, and various vitamins and minerals, making them a popular choice among health-conscious consumers. According to the Global Cashew Council, the primary cultivation occurs in India, Vietnam, Cote d'Ivoire, Tanzania, and other countries in East and West Africa, Brazil, and South East Asia. Supporting this widespread cultivation, FAOSTAT data shows that global cashew production reached 3.85 million metric tons in 2022, an increase from 3.82 million metric tons in the previous year.
The versatility of cashews extends beyond direct consumption, as they are increasingly used in plant-based dairy alternatives, such as cashew milk and cheese in developing countries. The International Nut and Dried Fruit Council's Statistical Year Book 2022-2023 identifies cashews as the second most consumed tree nut, representing 19% of total tree nut consumption. To meet this growing demand, countries import cashews from major Asian and African producing regions. ITC Trade Map data indicates that global export volume increased by 25.8% from 700,517 metric tons in 2022 to 881,300 metric tons in 2023, with Vietnam and Nigeria dominating global exports in 2023, contributing 47.9% and 20.2% respectively.
Cashew Value Chain Analysis Market Trends
Increasing Government Initiatives to Boost Cashew Production
Cashew cultivation operates in a structured value chain, with individual growers and grower cooperatives as the primary stakeholders. While most cultivation occurs on individual farms, a small portion of growers work through cooperatives, which manage limited areas. According to FAOSTAT, the global cashew cultivation area reached 6.85 million hectares in 2022, representing a 4.3% increase from 6.57 million hectares in 2021.
African governments are implementing market reforms and strengthening institutional infrastructure. The African Cashew Initiative supports improvements in primary production, processing, and market connections across the value chain. Through advisory services and training, the initiative helps cashew farmers and processors in Benin, Burkina Faso, Ivory Coast, Ghana, and Mozambique meet international standards. The program emphasizes increasing yield and quality while facilitating connections between business stakeholders. In Vietnam, government policies promote sustainable practices and quality standards in cashew production. Research initiatives by government agencies drive innovation, while collaborations between agencies and industry stakeholders facilitate knowledge-sharing and problem-solving, resulting in established industry standards and international compliance.
In February 2022, Vietnam expanded its market access through several trade agreements: the EU-Vietnam Free Trade Agreement (EVFTA), UK-Vietnam FTA (EVFTA), and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These agreements enhance Vietnam's access to European, American, and Chinese markets, supporting the growth of the country's cashew production.
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Asia-Pacific is Leading the Consumer Demand
Asia-Pacific remains a significant importer of cashew kernels, despite housing major producing countries like India and Vietnam. India leads global consumption, while Vietnam dominates worldwide production and exports. According to the ITC Trade Map, Vietnam's cashew exports reached 421,972 metric tons in 2023, marking a 19% increase from 354,628 metric tons in 2022. The United States, China, and the Netherlands collectively account for over 50% of Vietnam's export volume.
Asia-Pacific holds the position of the largest cashew nut consumer globally. The region shows increasing adoption of cashew nuts in daily diets and healthy snack options. ITC Trade Map data indicates that China imported 44,408 metric tons of cashew nuts in 2023, positioning it as the fourth-largest global importer. The implementation of China's National Health Policy, specifically the 'Dietary Guidelines for Chinese Residents,' has established nuts as a fundamental component of Chinese dietary habits by recommending daily consumption. Chinese nut manufacturers have further stimulated market growth through campaigns promoting 'daily nuts' packages, which include cashews in ready-to-eat formats.
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Cashew Value Chain Analysis Market News
- October 2023: The All India Cashew Association (AICA), a national organization comprising nine state-level cashew associations, represents processors, buyers, and producer groups in the Indian cashew industry. The association focuses on enhancing production, technology adoption, and sustainability across the sector.
- August 2023: The Chamber of Commerce, Industry, Agriculture, and Services of Guinea-Bissau (CCIAS) established an agreement with 17 Chinese businessmen from Hunan province to export 50,000 metric tons of cashew nuts and develop a processing facility in Guinea-Bissau. This partnership aims to increase the value of Guinea-Bissau's cashew production through local processing before export.
Cashew Value Chain Analysis Industry Segmentation
Cashew nuts are kidney-shaped edible nuts with high oil and protein content, processed through roasting and shelling before consumption. The cashew market segmentation includes grades (White Wholes, Scorched Wholes, Dessert Wholes, White Pieces, Scorched Pieces, and Dessert Pieces) and geographical analysis. The geographical analysis encompasses production volume, consumption metrics by volume and value, import-export analysis by value and volume, and price trends. The report provides market size and forecasts in value (USD) and volume (metric tons) across all segments.
| Grade | White Wholes | ||
| Scorched Wholes | |||
| Dessert Wholes | |||
| White Pieces | |||
| Scorched Pieces | |||
| Dessert Pieces | |||
| Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | North America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Asia-Pacific | India | ||
| China | |||
| Australia | |||
| Vietnam | |||
| Philippines | |||
| Indonesia | |||
| South America | Brazil | ||
| Argentina | |||
| Africa | Cote d'Ivoire (Ivory Coast) | ||
| Tanzania | |||
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Cashew Value Chain Analysis Market Research FAQs
How big is the Cashew Market?
The Cashew Market size is expected to reach USD 9.18 billion in 2025 and grow at a CAGR of 4.60% to reach USD 11.50 billion by 2030.
What is the current Cashew Market size?
In 2025, the Cashew Market size is expected to reach USD 9.18 billion.
Which is the fastest growing region in Cashew Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Cashew Market?
In 2025, the Europe accounts for the largest market share in Cashew Market.
What years does this Cashew Market cover, and what was the market size in 2024?
In 2024, the Cashew Market size was estimated at USD 8.76 billion. The report covers the Cashew Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cashew Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Cashew Value Chain Analysis Industry Report
Statistics for the 2025 Cashew Value Chain Analysis market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cashew Value Chain Analysis 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.
