Asia Pacific Cashew Market Report and Forecast 2025-2034

Asia Pacific Cashew Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Asia Pacific cashew market size reached a value of nearly USD 5.33 billion in 2024. Aided by the increasing demand for healthy snacks and the growing popularity of plant-based diets, the market is projected to grow at a CAGR of 4.3% between 2025 and 2034 to reach a value of around USD 8.16 billion by 2034.

Cashews, primarily cultivated in tropical climates, are highly valued for their rich taste, high nutritional content, and versatility in culinary and industrial applications. The nut is a prominent source of healthy fats, vitamins, and minerals, making it a preferred choice among health-conscious consumers. In addition to being consumed as a snack, cashews are extensively used in confectionery, bakery, dairy alternatives, and traditional dishes, further enhancing their market appeal.

The increasing awareness of the health benefits of nuts and seeds is a major factor driving the Asia Pacific cashew market expansion. With the rise in lifestyle-related health issues, such as obesity, diabetes, and cardiovascular diseases, consumers are actively seeking nutritious and convenient food options. Cashews, being rich in antioxidants, magnesium, and healthy fats, are considered an excellent choice for improving heart health and maintaining overall wellness.

The food and beverage industry’s growing demand for cashews as a premium ingredient also contributes significantly to the Asia Pacific cashew market growth. Cashew milk, butter, and cheese have gained popularity as dairy-free alternatives, aligning with the increasing trend towards plant-based diets. This shift is particularly evident in countries like India, China, and Australia, where veganism and vegetarianism are gaining traction.

Additionally, the region’s robust hospitality and culinary sectors further fuelling the Asia Pacific cashew market development. In countries like Thailand and Vietnam, cashews are a staple in traditional cuisines, featuring prominently in savoury dishes and desserts. The rising affluence of middle-class populations and increasing disposable incomes have also contributed to the higher consumption of premium nuts, including cashews.

Industrial applications of cashews are another critical driver for the Asia Pacific cashew market revenue. Cashew nutshell liquid (CNSL), a by-product of cashew processing, is widely used in the manufacturing of resins, adhesives, and paints. The growing demand for eco-friendly and sustainable raw materials has positioned CNSL as a valuable component in various industries, further boosting the market.

Furthermore, the region’s expanding export capabilities play a significant role in shaping the Asia Pacific cashew market dynamics. The Asia Pacific countries, particularly India and Vietnam, are among the largest producers and exporters of cashews globally. The increasing global demand for high-quality cashews has encouraged investments in modern processing facilities and improved supply chain networks, enhancing the region’s competitiveness in the international market.

However, the Asia Pacific cashew market outlook can be impacted by certain challenges. Climatic changes and unpredictable weather patterns significantly affect cashew production, leading to supply chain disruptions. Additionally, the high cost of raw cashews and labour-intensive processing techniques pose challenges for small-scale producers. Despite these hurdles, advancements in agricultural practices and government initiatives aimed at supporting the cashew industry are expected to mitigate these issues over time.

The rising emphasis on sustainability and ethical sourcing is likely to shape the Asia Pacific cashew market outlook. Consumers are increasingly prioritising products that adhere to sustainable farming practices and fair-trade principles. This trend has prompted market players to adopt environmentally friendly practices and obtain certifications to meet consumer demands.

In conclusion, the Asia Pacific cashew market value is poised for sustained surge, supported by the rising demand for healthy and plant-based products, expanding industrial applications, and robust export capabilities. Despite facing challenges related to production and supply chain inefficiencies, the market’s potential remains strong. As industry stakeholders continue to innovate and adapt to evolving consumer preferences, the market is expected to flourish in the coming years.

Market Segmentation

The market can be divided based on type, form, and country.

Market Breakup by Type

• White
• Scorched
• Dessert

Market Breakup by Form

• Whole
• Pieces

Market Breakup by Country

• China
• Japan
• India
• ASEAN
• Australia
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific cashew market. Some of the major players explored in the report by Expert Market Research are as follows:

• Kalbavi Consumer Foods Private Limited.
• Achal Group
• Bismi cashew company
• MANGALORE CASHEW INDUSTRIES
• SKP Cashews Pvt. Ltd.
• PAN Group
• Donafoods (Dong Nai Agricultural Products Import-Export Processing Joint Stock Company)
• Vietnam Cashew Processing Co.
• CPT CORP
• MYANCO.,Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.