Cashew Cultivation - Farm to Global Markets

Cashew Cultivation - From Farm to Global Markets

1. Overview of the current world cashew industry

The global cashew industry is experiencing significant growth, driven by increasing health consciousness and a shift towards plant-based diets. Here are some key points about the current state of the cashew market:
Production

• Top Producers: Africa leads in cashew nut production, with Côte d'Ivoire being the top producer. Vietnam and India follow as major producers.
• Global Production: The global production of cashew nuts in shell was approximately 3.83 million metric tons in 2022.

Consumption

• Major Consumers: The United States, the European Union, and the Middle East are the largest consumers of cashew nuts.
• Per Capita Consumption: The per capita consumption of cashews has been increasing, with the United States leading in consumption.
• Market Trends
• Health Benefits: Cashews are recognized for their nutritional benefits, including healthy carbohydrates, protein, and good fats. They are also rich in essential vitamins and minerals like magnesium, copper, and zinc.
• Plant-Based Diets: The rising trend of vegan and plant-based diets has boosted the demand for cashews as a source of protein.
• Versatility: Cashews are used in a variety of food products, including snacks, salads, stir-fries, and even desserts.

Market Size and Growth

• Market Size: The cashew market is estimated to be worth USD 7.82 billion in 2024 and is expected to reach USD 9.20 billion by 2029, growing at a CAGR of 3.31% during the forecast period.
• Regional Dominance: The Asia-Pacific region dominates the cashew market, with Vietnam and India being key players.

The cashew industry continues to thrive as more people recognize the health benefits and versatility of cashews in their diets.

2. Top 10 countries and regions with the largest cashew industry in the world

Here's some detailed information about the top 10 countries and regions with the largest cashew industry in the world:

• Vietnam: Vietnam is the leading country in cashew production and export. They export over 500,000 tons of cashew nuts annually, accounting for about 50% of the global market.
• Côte d'Ivoire (Ivory Coast): This is the leading cashew producer in Africa and the second largest in the world. Their cashew nut production in 2022 was 970,000 tons.
• India: India is one of the leading countries in cashew production and export, with a production of 752,000 tons in 2022.
• Tanzania: Tanzania is one of the leading countries in the production and export of raw cashew nuts, with a production of 216,907 tons in 2022.
• Ghana: Ghana is known for its high-quality cashew nuts, with a production of 107,678 tons in 2022.
• Benin: Benin is one of the leading cashew producers in West Africa, with a production of 215,000 tons in 2022.
• Guinea-Bissau: Guinea-Bissau is one of the largest exporters of raw cashew nuts, with a production of 116,485 tons in 2022.
• Philippines: The Philippines stands out with its cashew production, with a production of 217,583 tons in 2022.
• Brazil: Brazil is one of the leading cashew producers in South America, with a production of 147,137 tons in 2022.
• Burkina Faso: Burkina Faso is a rapidly developing player in the cashew industry, with a production of 145,246 tons in 2022.

These countries contribute significantly to the global cashew market, ensuring a stable and diverse supply.

3. Cashew nut industry in Vietnam

Vietnam is a powerhouse in the global cashew industry, known for being the largest producer and exporter of processed cashew nuts. Here are some key points about Vietnam's cashew industry:
Production and Export

• Leading Producer: Vietnam is the world's top producer and exporter of cashew nuts. The country exported over 500,000 tons of cashews annually, accounting for around 50% of the global market share.
• Export Value: In 2021, Vietnam's cashew exports reached a value of USD 3.64 billion. Despite challenges like geopolitical tensions, the export value continues to rise.
• Major Markets: The United States, China, Netherlands, Australia, Canada, and New Zealand are among the top importers of Vietnamese cashews.

Industry Growth

• Market Size: The Vietnamese cashew market is projected to reach USD 7 billion by 2026, with a compound annual growth rate (CAGR) of 5% during the forecast period.
• Investment Opportunities: Increasing investment in cultivation, processing, and trading is driving the growth of Vietnam's cashew industry.

Processing and Quality

• Processing: Cashew harvesting in Vietnam typically occurs from January to June. The country has been improving product quality and introducing new mechanization systems to enhance efficiency.
• Geographical Indication: The southern province of Binh Phuoc, known as Vietnam's "cashew capital," has granted geographical indication registration to build a national brand for Vietnamese cashews.

Economic Impact

• Employment: The cashew industry provides significant employment opportunities and contributes to high-income generation in Vietnam.
• Government Support: The Vietnamese government and the Vietnam Cashew Association (Vinacas) are actively working to restructure the industry and boost productivity.

Vietnam's cashew industry continues to thrive, making it a key player in the global market. Is there anything specific you would like to know more about?

Xem thêm: Lịch sử trồng cây điều trên thế giới nói chung & Việt Nam nói riêng

Learn more: History of cashew cultivation in the world in general and Vietnam in particular