Cashew Nut Market is Booming in Near Future 2023-2030
Pune, India- (NewMediaWire) - March 3, 2023 - "Cashew Nut" Size, Scope, and Forecast 2023-2030 report has been added to the Market Research Archive of Absolute Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Global Cashew Nut with respect to various aspects such as growth factors, challenges, restraints, developments, trends, and opportunities for growth. This report will surely be a handy tool for market players to come up with effective strategies with the aim of strengthening their positions in the market.
What is the Cashew Nut growth?
Cashew nut is one of the important nut species in the global market. Since 2017, Vietnam has become the world's top cashew nut processing center and largest exporter of cashew nuts, accounting for more than 50% of the global processed cashew nut raw materials. According to Researchers, Vietnam is characterized by the tropical monsoon climate, thus having natural advantages in cashew cultivation.
The total area planted with cashew nuts in Vietnam in 2020 was 302,500 ha, an increase of 5,300 ha from 2018-2019 crop year. In 2020, Vietnam's total cashew nut production was 339,800 tons, an increase of 53,500 tons YOY, with an average yield of 1,123 kg per hectare, an increase of 180 kg YOY.
Vietnam exported a total of 521,419 tons of cashew nuts in 2020, up 13.48% YOY. Among them, exports to the United States rose 9.7% to 148,125 metric tons; 62,302 metric tons to China, down 7.3% from 2019; and exports to Europe and other countries rose 20.9% to 310,992 metric tons.
According to Researchers, with the entry into force of various FTAs such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP), and the gradual control of the COVID-19 epidemic, Vietnam's cashew nut exports will continue to rise. The market size will reach USD4 billion.
According to Researchers, there are still some shortcomings in Vietnam's cashew nut industry. For example, the cultivation of cashew nuts in Vietnam is still dominated by small-scale farmers, and has not yet formed large-scale production. And Vietnam is relatively backward in the cultivation technology, which to a certain extent limits the development of the cashew nut industry.
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According to Researchers, in the global cashew nut value chain, Vietnam exports cashew nuts at about USD10 per kilogram or less, while cashew nut products are sold at up to USD20-30 per kilogram in the end market. Vietnam needs to increase the added value of cashew products and take advantage of modern processing technologies.
IT expects that Vietnam's cashew production and exports will continue to rise in 2022-2030, and for investors, there are many investment opportunities in Vietnam's cashew industry, from cultivation to processing and trading.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 60 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Cashew Nut?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research; in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Cashew Nut Industry Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Cashew Nut Industry.
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This report provides a pin-point analysis of changing dynamics and emerging trends in the Global Cashew Nut. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Global Cashew Nut in the coming years. Further, the authors of the report have shed light on the factors that may hinder the growth of the Global Cashew Nut.
Cashew Nut - Competitive and Segmentation Analysis:
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Top Key Players of the Global Cashew Nut
1 Organics More
2 Cao Phat Company
3 Thanh Dat Nguyen Gia Company
4 KM Green Company
5 My An Co
6 Son Thanh Company
7 Macy Vietnam
Short Description About Cashew Nut:
The Global Cashew Nut is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
This report studies the Cashew Nut, covering market size for segment by type, by application, by sales channel (Direct Channel, Distribution Channel), and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Cashew Nut from 2015-2020, and provides extensive market forecasts from 2023-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Cashew Nut.
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.
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3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2023-2030) of the following regions are covered in Chapter 4 and Chapter 7:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Please find a more complete list of data sources in Chapters
1.To study and analyze the global Cashew Nut consumption (value) by key regions/countries, product type and application
2.To understand the structure of Cashew Nut by identifying its various sub segments.
3.Focuses on the key global Cashew Nut manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Cashew Nut with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Cashew Nut submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of the Report
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Cashew Nut Market Insights and Forecast to 2030
1 Overview of Vietnam
1.1 Geographical Situation
1.2 Demographic Structure of Vietnam
1.3 Economy of Vietnam
1.4 Minimum Wage in Vietnam, 2011-2021
1.5 Impact of COVID-19 on Vietnam’s Cashew Nut Industry
2 Development Environment of Cashew Nut industry in Vietnam
2.1 Brief history of Cashew Nuts Development in Vietnam
2.2 Types of Cashew Nuts in Vietnam
2.3 Policy Environment of Vietnam’s Cashew Nut Industry
3 Supply and Demand Situation of Vietnam’s Cashew Nut Industry
3.1 Supply Situation
3.2 Demand Situation
4 Import and Export Status of Vietnam’s Cashew Nut Industry
4.1 Import Status
4.1.1 Import Volume and Import Value
4.1.2 Main Import Sources
4.2 Export Status
4.2.1 Export Volume and Export Value
4.2.2 Main Export Destinations
5 Market Competition of Vietnam’s Cashew Nut Industry
5.1 Barriers to Entry in Vietnam’s Cashew Nut Industry
5.1.1 Brand Barriers
5.1.2 Quality Barriers
5.1.3 Capital Barriers
5.2 Competition Structure of Vietnam’s Cashew Nut Industry
5.2.1 Bargaining Power of Cashew Nut Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Competition in Vietnam’s Cashew Nut Industry
5.2.4 Potential Entrants in the Cashew Nut Industry
5.2.5 Alternatives to Cashew Nuts
6 Analysis of Major Cashew Nut Brand Companies in Vietnam
6.1 Organics More
6.1.1 Development History of Organics More
6.1.2 Main Products of Organics More
6.1.3 Operation Model of Organics More
6.2 Cao Phat Company
6.2.1 Development History of Cao Phat Company
6.2.2 Main Products of Cao Phat Company
6.2.3 Operation Model of Cao Phat Company
6.3 Thanh Dat Nguyen Gia Company
6.3.1 Development History of Thanh Dat Nguyen Gia Company
6.3.2 Main Products of Thanh Dat Nguyen Gia Company
6.3.3 Operating Model of Thanh Dat Nguyen Gia Company
6.4 KM Green Company
6.4.1 Development History of KM Green Company
6.4.2 Main Products of KM Green Company
6.4.3 Operation Model of KM Green Company
6.5 My An Co
6.5.1 Development history of My An Co
6.5.2 Main Products of My An Co
6.5.3 Operation Model of My An Co
6.6 Son Thanh Company
6.7 Macy Vietnam
7 Outlook on Vietnam’s Cashew Nut Industry, 2021-2030
7.1 Analysis of Vietnam’s Cashew Nut Industry Development Factors
7.1.1 Drivers and Development Opportunities for Vietnam’s Cashew Nut Industry
7.1.2 Threats and Challenges to Vietnam’s Cashew Nut Industry
7.2 Forecast on Vietnam’s Cashew Nut Industry Supply
7.3 Forecast on Vietnam’s Cashew Nut Market Demand
7.4 Forecast on Vietnam’s Cashew Nut Import and Export
Chart Total Population of Vietnam, 2006-2021
Chart Vietnam’s GDP Per Capita, 2011-2021
Chart Related Policies of Cashew Nut Industry Issued by Vietnamese Government, 2008-2021
Chart Cashew Nut Production in Vietnam, 2016-2021
Chart Domestic Consumption of Cashew Nuts in Vietnam, 2005-2021
Chart Import Volume of Cashew Nuts in Vietnam, 2005-2021
Chart Import Value of Cashew Nuts in Vietnam, 2010-2021
Chart Import Sources and Import Value of Cashew Nuts in Vietnam, 2018-2021
Chart Export Volume of Cashew Nut in Vietnam, 2005-2021
Chart Export Value of Cashew Nut in Vietnam, 2010-2021
Chart Export Destinations and Export Value of Cashew Nut in Vietnam, 2018-2021
Chart Forecast on Vietnam’s Cashew Nut Production, 2021-2030
Chart Forecast on Vietnam’s Domestic Cashew Nut Market Size, 2021-2030
Chart Forecast on Vietnam’s Cashew Nut Import, 2021-2030
Chart Forecast on Vietnam’s Cashew Nut Export, 2021-2030
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