Cassava Market Size is Expected to be USD 254.28 Billion with Perspective Trends

Table of Contents

Cassava Market Overview:

Cassava market is projected to reach USD 254.28 billion by the end of 2032, exhibiting a CAGR of 4.18% during the forecast period.

In tropical places, cassava, sometimes referred to as manioc or yuca, is a starchy root vegetable that is commonly consumed. Millions of people rely on it as a staple diet because of its nutritional value and adaptability. The growing demand for goods based on cassava across a range of industries has propelled the worldwide cassava market’s recent steady rise.

Cassava is a type of flour considered to be a traditional product made from the roots of Cassava. After rice and maize, the tropical regions grow crucial Cassava crops. Cassava flour is rich in carbohydrates and grown in over 90 countries. In adverse conditions as well, these crops are easily produced extensively. People who belong to Asia, Africa, and Latin America depend on this Cassava Market as this is a major source of income for the farmers from that region. People consume Cassava directly; the processed variants are flour, chips, starch, and pellets. Processed Cassava has many nutritious elements, such as removing toxins and reducing weight, and the product’s value will be increased.

The cassava market is growing enormously because of its diverse nature. It is used for textiles, cardboard, ethanol, and paper other than food. It is determined that the global market will increase its growth in the future due to its flourishing demand. The food industry is the main source of the Cassava market. Households and industries have adopted the usage of Cassava due to its rich nutritious content.

The sudden emergence of the Covid-19 pandemic has made the global industries wrecked. The Cassava Market also faced the ruining factors of the market on its marketing strategies. Due to the imposition of the lockdown, people strictly lived in their homes, resulting in low production. The market demand was not fulfilled due to the low production of the Cassava. The consumption rate of the Cassava also degraded day by day. But the post-Covid-19 situation will be fruitful for the market as per the analysis.

Key Players

Parchem fine & specialty chemicals (US)

Archer Daniels Midland Company. (US)

Agrideco Vietnam Co., Ltd. (Vietnam)

American Key Food Products Inc. (US)

Psaltry International Limited (Nigeria)

Dadtco Philafrica B.V. (Netherlands)

Roquette Frรจres (France)

Woodland Foods (US)

Mhogo Foods Ltd. (Kenya)

Otto’s Naturals (New Jersey)

Venus Starch Suppliers (India)

Grain Millers, Inc. (US)

Market Segmentation:

1. By Type:

   Conventional: Cassava grown with conventional agricultural inputs and farming techniques.

   Organic: Cassava that is grown without the use of artificial fertilizers, pesticides, or genetically modified organisms (GMOs).

2. By Utilization:

   Food & Drinks: Cassava is used to make a range of food items, including snacks  , starch, and flour.

   Animal Feed: Cassava is a component of animal and poultry feed.

   Others: Cassava utilized in industrial applications such as the manufacturing of biofuels and biodegradable products.

3. By Type:

   Solid: Cassava that is sold whole or processed, like chips or flour.

   Liquid: Cassava that has been processed to make syrup or starch.

Regional Analysis:

Asia-Pacific: With significant producers like Nigeria, Indonesia, and Thailand, the Asia-Pacific area commands the majority of the world market for cassava. The high cassava consumption in the food and beverage industries and the rising need for animal feed made from cassava are the main drivers of the region’s market growth.

Africa: Nigeria is the world’s largest producer of cassava, making Africa another important region in the cassava industry. Cassava is a major food crop that is widely cultivated in Africa and is used in a variety of food processing sectors, which drives the market.

Latin America: Brazil and Colombia are two of the region’s top cassava-producing nations. The market in this region is propelled by the food and beverage industry’s expanding need for cassava-based goods as well as the rising acceptance of cassava as a gluten-free substitute for wheat flour.

Cassava Market in North America and Europe: Although not major cassava growers, these regions import a sizable amount of cassava products for usage in a variety of sectors. The growing need for organic and gluten-free food items is driving the market in these areas.

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