The global cashew nut market is experiencing robust growth, with projections indicating it will reach $8.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% [1]. This expansion is primarily driven by increasing health consciousness among consumers, rising demand for plant-based proteins, and the versatility of cashews in various food applications ranging from snacks to dairy alternatives. Southeast Asia, particularly Vietnam, has established itself as the epicenter of global cashew processing and export, accounting for approximately 60% of global processed cashew exports [2].
Vietnam's cashew export performance in 2024 reached an impressive $3 billion in revenue, solidifying its position as the world's largest cashew exporter [2]. The United States remains Vietnam's primary export destination, followed by the European Union, China, and other Asian markets. However, the market landscape is evolving rapidly, with buyers becoming increasingly sophisticated in their quality requirements and supply chain expectations. Cambodia and Indonesia are also emerging as significant players in the regional cashew industry, with Cambodia showing particularly strong growth in raw cashew production [5].
Southeast Asia Cashew Export Market Overview 2024-2026
| Country | 2024 Export Value | Primary Markets | Growth Projection 2026 |
|---|---|---|---|
| Vietnam | $3.0 billion | USA, EU, China | +8-10% |
| Cambodia | $450 million | Vietnam, EU, USA | +15-20% |
| Indonesia | $320 million | India, EU, Japan | +10-12% |

