| Product Code: ETC8837178 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to see significant imports of cashew kernels, with top exporting countries being Vietnam, Thailand, India, Australia, and Canada. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the market showed strong growth with a compound annual growth rate (CAGR) of 17.38% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -3.14%, indicating potential shifts or challenges in the market dynamics. Monitoring these trends can provide valuable insights for stakeholders in the cashew industry.

Cashew kernels form the edible portion of the nut and are widely consumed in raw, roasted, and processed forms in the Philippines. They are a staple in snacks and increasingly used in health food products, contributing to a steady demand from retailers and food service providers.
The cashew kernel market in the Philippines is a key segment of the country`s broader cashew industry, with cashew kernels being a valuable ingredient in snacks, confectioneries, and baked goods. The market is benefiting from the growing demand for premium snacks, as cashews are often regarded as a healthier alternative to other snack foods. The Philippines` cashew kernel production is increasing due to advancements in farming techniques and improved processing technologies. As cashew kernels are also in high demand for export to international markets, including the United States and Europe, the market for cashew kernels in the Philippines is poised for steady growth.
The cashew kernel market faces challenges from price volatility, as global demand and supply are subject to fluctuations, affecting the cost of processing and packaging cashew kernels. Additionally, the market faces competition from other snack nuts like almonds and pistachios, which may offer more competitive pricing or perceived health benefits. The cashew kernel sector also struggles with inefficiencies in the supply chain, including issues related to labor, processing technology, and post-harvest handling.
The Philippines cashew kernel market is expanding as the demand for high-quality cashew kernels continues to rise, particularly in the food processing and snack industries. With the growing popularity of health-conscious snacks and plant-based protein sources, cashew kernels are in high demand both locally and internationally. Investment opportunities exist in improving cashew processing technologies, expanding export opportunities, and developing value-added cashew products such as cashew-based snacks and cooking ingredients.
In the Philippines, the cashew kernel market is regulated by the Department of Agriculture (DA) and focuses on ensuring the quality and safety of cashew products. Policies support local farmers and processors by providing technical assistance and promoting sustainable farming practices. The government also encourages the development of the cashew processing industry to enhance the value-added segment of the market, aiming to increase both domestic consumption and export opportunities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Cashew Kernel Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cashew Kernel Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cashew Kernel Market - Industry Life Cycle |
3.4 Philippines Cashew Kernel Market - Porter's Five Forces |
3.5 Philippines Cashew Kernel Market Revenues & Volume Share, By Grade, 2021 & 2031F |
4 Philippines Cashew Kernel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of cashew kernels |
4.2.2 Growing demand for plant-based protein sources |
4.2.3 Rising trend of snacking and healthy eating habits in the Philippines |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw cashew nuts impacting the cost of production |
4.3.2 Intense competition from other nuts and snack options in the market |
4.3.3 Challenges in maintaining consistent quality and supply chain management |
5 Philippines Cashew Kernel Market Trends |
6 Philippines Cashew Kernel Market, By Types |
6.1 Philippines Cashew Kernel Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cashew Kernel Market Revenues & Volume, By Grade, 2021- 2031F |
6.1.3 Philippines Cashew Kernel Market Revenues & Volume, By White Wholes, 2021- 2031F |
6.1.4 Philippines Cashew Kernel Market Revenues & Volume, By Scorched Wholes, 2021- 2031F |
6.1.5 Philippines Cashew Kernel Market Revenues & Volume, By Dessert Wholes, 2021- 2031F |
6.1.6 Philippines Cashew Kernel Market Revenues & Volume, By White Pieces, 2021- 2031F |
6.1.7 Philippines Cashew Kernel Market Revenues & Volume, By Scorched Pieces, 2021- 2031F |
6.1.8 Philippines Cashew Kernel Market Revenues & Volume, By Dessert Pieces, 2021- 2031F |
7 Philippines Cashew Kernel Market Import-Export Trade Statistics |
7.1 Philippines Cashew Kernel Market Export to Major Countries |
7.2 Philippines Cashew Kernel Market Imports from Major Countries |
8 Philippines Cashew Kernel Market Key Performance Indicators |
8.1 Average selling price of cashew kernels in the Philippines market |
8.2 Percentage of market share held by cashew kernels compared to other nut varieties |
8.3 Consumer satisfaction and repeat purchase rate for cashew kernel products |
9 Philippines Cashew Kernel Market - Opportunity Assessment |
9.1 Philippines Cashew Kernel Market Opportunity Assessment, By Grade, 2021 & 2031F |
10 Philippines Cashew Kernel Market - Competitive Landscape |
10.1 Philippines Cashew Kernel Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cashew Kernel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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