Cassava Market Analysis APAC, Europe, North America, South America, Middle East and Africa - India, US, France, Thailand, Indonesia - Size and Forecast 2024-2028

Cassava Market Size 2024-2028

The cassava market size is forecast to increase by USD 44.2 billion at a CAGR of 4.42% between 2023 and 2028.

• The market is experiencing significant growth, driven by the increasing demand for cassava-based products, particularly In the food and beverage industry. This trend is fueled by the growing population and rising disposable incomes in emerging economies, particularly in Africa and Asia. However, the market faces challenges from pests and diseases, which can significantly impact production and quality. Sweet Potato and Tapioca starch are alternative sources for Cassava starch.
• Cassava is particularly susceptible to the African cassava mosaic disease and the brown streak virus, among others. Effective management of these threats through the use of resistant varieties and integrated pest management practices is crucial for the sustainable growth of the market. Overall, the market is expected to continue its growth trajectory, driven by increasing demand and innovation in cassava-based products.

What will be the Size of the Cassava Market During the Forecast Period?

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• Cassava, also known as Manioc, is a root vegetable widely used for various food applications. The primary products derived from Cassava are Cassava starch and Sweeteners. These products find extensive use in various industries such as Food and Beverages, Textiles, and Pharmaceuticals. In the Food industry, Cassava starch is used In the production of Sweeteners, Snacks, Cereals, Functional foods, and Convenience food products. The demand for Cassava starch is driven by the increasing prevalence of Chronic diseases and the growing health-conscious population's shift towards Nutritional food sector. The Sweeteners market segmented by Sweeteners type includes High Fructose Corn Syrup, Sucrose, and Cassava starch-based Sweeteners.
• The price fluctuations In the Cassava starch market can impact the Sweeteners market. Cassava starch also finds applications in Textile manufacturing, particularly in warp sizing, printing, and cloth finishing. The Starch solutions are used by Textile manufacturers to enhance fabric design and quality. The Bakery industry uses Cassava starch as a substitute for wheat flour in various baked goods. Dairy products also use Cassava starch as a stabilizer and thickener. Thus, the market is a significant contributor to various industries, including Food, Textiles, and Pharmaceuticals. The demand for Cassava starch and Sweeteners is driven by the increasing health-conscious population and the growing demand for Convenience food products. The market is expected to witness steady growth In the coming years.

How is this Cassava Industry segmented and which is the largest segment?

The cassava industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Animal feed
  • Food and beverage
  • Industrial
• Type
  • Flour
  • Chips
  • Pellets
  • Pearl
• Geography
  • APAC
    • India
    • Thailand
  • Europe
    • France
  • North America
    • US
  • South America
  • Middle East and Africa

By Application Insights

• The animal feed segment is estimated to witness significant growth during the forecast period. Cassava, a root vegetable widely consumed in tropical regions, is a significant source of Manioc starch, which is extensively used in various food and beverage industries. The versatility of cassava starch is evident in its applications, ranging from sweeteners in baked goods and beverages to functional foods addressing chronic diseases like obesity and high blood sugar. In the food industry, cassava starch finds use in dairy, bakery, and confectionery, including extruded snacks, ready-to-eat cereals, and pretzels.
• For health-conscious consumers, cassava starch offers fiber, making it an ideal alternative to traditional starches and preservatives. In textile manufacturing, cassava starch solutions are used for warp sizing, printing, and cloth finishing. Natural sweeteners derived from cassava are gaining popularity as alternatives to sugar, particularly In the gluten-free bakery goods sector. Furthermore, cassava starch is used as animal feed and In the production of instant noodles and fiber-rich food products.

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• The animal feed segment was valued at USD 67.40 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 53% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Cassava, a root vegetable also known as yuca or tapioca, is a significant agricultural commodity with various applications in the food and industrial sectors. The versatility of cassava is evident in its uses as a food source, primarily In the form of sweet potatoes, and as a raw material for producing tapioca starch, which is essential in cereals and snacks, as well as convenience food products and food and beverages.

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• The price fluctuations In the market are influenced by factors such as weather conditions, supply and demand dynamics, and raw material availability. Tapioca starch is also used as a thickener and a source of sweeteners in various industries. Tate and Lyle, a leading global provider of food and beverage ingredients, is one of the major players In the tapioca starch market. The increasing demand for convenience food products and the growing popularity of natural sweeteners are expected to drive the market growth.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Cassava Industry?

• The increasing demand for cassava-based products is the key driver of the market. Cassava, a versatile tropical root crop, is gaining significant attention In the global food industry due to its numerous applications and health benefits. The primary use of cassava is as a food source, particularly In the production of starch, sweeteners, snacks, cereals, and functional foods. In the nutritional food sector, cassava starch is widely used as a natural sweetener in various food and beverage products, including bakery and confectionery, dairy, and beverages. Additionally, it is a popular ingredient In the production of extruded snacks, such as pretzels, and ready-to-eat cereals. The demand for cassava is expected to increase significantly due to the growing global population, particularly in regions where it is a staple food. Cassava is also used as an industrial raw material, with its starch being fermented and distilled into ethanol, used as a biofuel. The crop is also used In the textile industry, where it is used to produce starch solutions for warp sizing, printing, and cloth finishing.
• Moreover, cassava is a rich source of dietary fiber and is gluten-free, making it an ideal ingredient for health-conscious consumers and those with chronic diseases, such as obesity and high blood sugar. The crop's fiber content also makes it an excellent alternative to traditional preservatives, flavor enhancers, and other additives in food production. In the animal feed industry, cassava is used as a primary source of energy and protein. Thus, the versatility of cassava and its numerous applications in various industries make it a valuable commodity In the global market. The increasing demand for this crop is expected to continue due to population growth, health-conscious consumers, and the rising demand for biofuels.

What are the market trends shaping the Cassava Industry?

• The growing demand from emerging economies is the upcoming market trend. The market is experiencing significant growth due to the increasing demand for cassava-derived products, particularly in developing countries such as Africa, Asia, and Latin America. Cassava starch is extensively used in various industries, including food and beverages, bakery and confectionery, and textile manufacturing. In the food sector, cassava is utilized to produce sweeteners, snacks, cereals, and functional foods. The rising prevalence of chronic diseases like obesity and high blood sugar has led to a growing interest in natural sweeteners, making cassava starch an attractive alternative. Moreover, the gluten-intolerant population is driving the demand for gluten-free bakery goods, further increasing the market potential for cassava starch.
• The food industry also uses cassava starch as a thickener, stabilizer, and texturizer in various applications such as instant noodles, extruded snacks, and ready-to-eat cereals. In the textile industry, cassava starch solutions are used in warp sizing, printing, and cloth finishing. The market for cassava is expanding as consumers in developing nations become more health-conscious and seek nutritional food products with dietary fiber properties. Additionally, cassava is used as animal feed, further increasing its demand. The versatility of cassava and its wide range of applications make it a valuable commodity in numerous industries, offering significant opportunities for cassava growers, processors, and exporters.

What challenges does the Cassava Industry face during its growth?

• The threat from pests and diseases is a key challenge affecting the industry growth. Cassava, a staple food in many tropical regions, is utilized in various industries, including food and beverages, bakery and confectionery, and animal feed. The primary application of cassava is In the production of manioc starch, which is used as a thickener, binder, and texturizer in numerous food products. In the food industry, cassava starch finds use in sweeteners, snacks, cereals, and functional foods. However, the vulnerability of cassava crops to diseases and pests, such as the cassava mealybug, brown streak, and cassava mosaic, poses a significant challenge. These pests and diseases can lead to lower yields and poorer quality, causing farmers to incur substantial losses. Moreover, the presence of these contaminants in cassava can restrict its sale on the international market. In the food industry, cassava starch is used in dairy products, bakery, and extruded snacks. It also finds application in ready-to-eat cereals, pretzels, and instant noodles. The stability of cassava starch during freeze-thaw cycles is crucial In these applications. In the bakery sector, cassava starch is used as a natural sweetener in gluten-free bakery goods.
• It also serves as a functional ingredient In the nutritional food sector, contributing to the dietary fiber properties of various food products. The gluten-intolerant population benefits significantly from these applications. Cassava starch is also used in textile manufacturing as starch solutions for warp sizing, printing, and cloth finishing. However, the challenges In the market, including diseases and pests, can impact the availability and cost of cassava starch for these applications. Thus, the market faces significant challenges due to the vulnerability of the crop to diseases and pests. These challenges can result in lower yields, poorer quality, and substantial losses for farmers. Despite these challenges, cassava starch remains a valuable ingredient in various industries, including food and beverages, bakery and confectionery, animal feed, and textile manufacturing. Its versatility and unique properties make it an essential component in numerous applications, from sweeteners and snacks to functional foods and textile manufacturing.

Exclusive Customer Landscape

The cassava market forecasting report includes the adoption lifecycle of the market, market growth and forecasting, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the cassava market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, cassava market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry. The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• A1Chips and Exports India Pvt. Ltd.
• American Key Products Inc.
• Bermudez Group Ltd.
• Cargill Inc.
• Cassava Roots
• Ciranda Inc.
• Crest Agro Products Farms
• Daleys Fruit Tree Nursery
• Flour Mills of Nigeria Plc
• Goya Foods Inc.
• Ingredion Inc.
• Malt Products Corp.
• Matna Food Ltd.
• Ottos Naturals
• Plant Snacks LLC
• Rancrisp
• Sonish Starch Technology Co. Ltd.
• Tate and Lyle PLC
• Tereos Participations
• Wai Lana Productions LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Cassava, a root vegetable widely grown in tropical regions, is a significant source of starch and sweeteners In the food industry. The demand for Cassava starch and Manioc starch is high in various sectors, including Snacks, Cereals, Functional foods, Dairy, Bakery, and Extruded snacks. Cassava starch finds extensive applications In the production of Ready-to-eat cereals, Pretzels, Instant noodles, and other Food and beverages. Sweeteners derived from Cassava are gaining popularity In the health-conscious nutritional food sector due to their natural properties. These sweeteners are used as alternatives to refined sugar in various applications, including bakery and confectionery, and are beneficial for individuals suffering from Chronic diseases like Obesity and High blood sugar. Cassava starch is also used In the textile industry for starch solutions, warp sizing, printing, and cloth finishing. In the food industry, Cassava starch is used as a thickener, binder, and stabilizer in various food products. Additionally, it is used as an ingredient in Animal feed.

The market for Cassava starch and its derivatives is expected to grow due to the increasing demand for Gluten-free bakery goods and functional food products with dietary fiber properties. The demand for natural sweeteners is also on the rise due to the growing awareness of health issues related to the consumption of preservatives, flavor enhancers, and other additives. One of the leading players In the Cassava starch market is Lemonilo Indonesia Sehat. The company specializes in producing high-quality Cassava starch and sweeteners for various applications In the food and beverage industry. Their products are known for their excellent Freeze-thaw stability and are widely used In the production of various food products.

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What are the Key Data Covered in this Cassava Market Research and Growth Report?

• CAGR of the Cassava industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the cassava market growth of industry companies

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