The Asia-Pacific cashew market is poised for steady growth between 2025 and 2030, driven by increasing health consciousness, rising demand for plant-based diets, and the region's dominant role in global cashew production.
Market Size & Growth Forecast
According to Mordor Intelligence, the Asia-Pacific cashew market is projected to grow from USD 7.57 billion in 2025 to USD 9.41 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.44% during the forecast period.
Key Market Drivers
Health and Nutrition Trends: Cashews are rich in protein, healthy fats, and essential micronutrients, making them a popular choice among health-conscious consumers. The shift towards vegan and plant-based diets has further boosted their demand. Production and Export Leadership: Countries like India, Vietnam, and Indonesia lead in cashew cultivation and processing. India remains the largest producer, while Vietnam has significantly increased its production and exports, with shelled cashew exports rising from 354.62 thousand metric tons in 2022 to 421.97 thousand metric tons in 2023. Government Initiatives: Supportive policies and investments in modern processing technologies have enhanced production capacities and quality standards across the region.
Segment Insights
Cashew Kernel Market: The cashew kernel segment is expected to grow from USD 3.94 billion in 2025 to USD 4.93 billion by 2030, at a CAGR of 4.56%. (Mordor Intelligence) Cashew Nut Snacks: The Asia-Pacific cashew nut snacks market is projected to reach USD 1.49 billion by 2030, growing at a CAGR of 4.7% from 2025. Roasted cashew nuts are the largest and fastest-growing product segment. (Grand View Research)
Country Highlights
India: As the world's largest cashew producer, India plays a pivotal role in the Asia-Pacific market. The country's production increased from 752 thousand metric tons in 2022 to 782 thousand metric tons in 2023. Government subsidies and improved processing methods have bolstered its position. Vietnam: Vietnam has strengthened its position in cashew production and processing, with production increasing from 328.8 thousand metric tons in 2022 to 347.6 thousand metric tons in 2023. Investments in modern processing technologies have established the country as a major global exporter. Indonesia and the Philippines: Both countries are expanding their cashew production. Indonesia's production rose from 146.41 to 164.15 thousand metric tons, while the Philippines increased from 123.76 to 136.26 thousand metric tons between 2022 and 2023.
Future Outlook
The Asia-Pacific cashew market is expected to continue its upward trajectory, supported by health trends, government initiatives, and increasing global demand. The region's focus on enhancing production capacities and processing technologies positions it for sustained growth through 2030.
Follow & Subscribe:
👉 Agri-Food Update on LinkedIn for the latest updates and insights.
🌐 Visit us at www.agri-food-update.com for more information!
