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The Cassava Market size is forecast to increase by USD 44.2 million, at a CAGR of 4.42% between 2023 and 2028. The market's expansion is driven by multiple elements. Primarily, the rising consumer demand for cassava-derived products, such as flour, starch, and chips, fuels market growth. Additionally, the expansion of cassava cultivation, particularly in tropical regions, ensures a steady supply of raw materials. Technological innovations in its processing, including improved methods for peeling, grinding, and drying, enhance product quality and efficiency, further bolstering market growth. Overall, these factors contribute to the dynamic and promising future of the market.
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In the dynamic textile industry, various aspects, such as warp sizing, printing, cloth finishing, and starch solutions, play a significant role in the production process for textile manufacturers. One key raw material used in the textile sector, as well as in the food industry, is starch. Specifically, tapioca starch derived from the cassava root is a popular choice due to its versatility and cost-effectiveness. The market experiences price fluctuations based on various factors, including weather conditions, harvest yields, and demand for tapioca from different industries. Textile manufacturers rely on a steady supply of high-quality starch solutions for their processes, while the food industry, particularly convenience food products and food beverages, utilizes cassava starch as a sweetener type and thickening agent. Sweet potatoes and cereals and snacks are other food products that may contain cassava starch. The versatility of this root crop extends to the textile sector, where cloth printing and design processes may incorporate cassava starch solutions for specific effects. The fabric industry's reliance on cassava starch underscores the importance of a stable and sustainable market for both industries. Cassava food products include a variety of cassava products such as flour and snacks. By-products of cassava, like animal feed and biofuels, utilize cassava starch for various industrial applications.
Increasing demand for cassava-based products is notably driving the market growth. The growing demand for cassava as an essential food and ingredient in the food industry is driven by a growing world population. A versatile crop, it is used to make a variety of products such as flour, starch, ethanol, and animal feed. Demand for cassava is expected to grow significantly, with the population projected to reach 9.7 billion by 2050, especially in regions where cassava is already a staple food. In addition, increasing demand for ethanol as a biofuel is expected to boost demand for cassava as an industrial feedstock. A rich source of starch in tropical root vegetables like cassava or pea starch can be fermented and distilled into ethanol.
Cassava-derived ethanol is widely available and has a high starch content, making it a viable alternative as demand for sustainable and renewable energy sources increases. This is likely to lead to an increase in demand for cassava as an industrial feedstock for ethanol production, increasing the use of cassava crops for biofuel. As a result, the market will continue to grow during the forecast period.
Growing demand from emerging economies is a key trend influencing the market growth. The increasing demand for cassava products in many developing countries, especially in Africa, Asia, and Latin America, is one of the major trends in the market. The demand for cassava as a food source is also increasing as a raw material for various industries, such as food and packaging, due to population growth, urbanization, and changing eating habits in these regions.
Further, the growing middle class in these regions and their changing consumption habits have also increased the demand for cassava products such as cassava cakes, balls, pizza, and pancakes. The diverse range of cassava food products offers culinary versatility. By-products of cassava, including animal feed, leverage cassava starch for numerous industrial uses and sustainability efforts. The market is changing as a result of this trend providing new opportunities for cassava producers, processors, and exporters to meet the changing tastes and needs of consumers in these developing countries. Going forward, this trend is expected to drive the growth of the market during the forecast period.
Threat from pests and diseases is challenging the market growth. The susceptibility of cassava crops to diseases and pests is a major challenge in the market. Cassava plants are susceptible to severe damage from pests and diseases such as cassava smithereens, brown streaks, and cassava mosaics, which can lead to reduced yields and poor quality. It can be difficult and costly for farmers to control these pests and diseases, especially in developing countries where pest and disease control resources are scarce.
However, it may also limit the amount of cassava sold on the international market. Addressing these challenges requires developing efficient disease and pest control strategies for cassava growers and increasing R&D spending. This is a potential challenge expected to hamper the growth of the market during the forecast period.
The Cassava market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market 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.
The market share growth by the animal feed segment will be significant during the forecast period. Animal feed is one of the main uses of cassava, especially in developing countries like Africa. Cassava-based pet food has seen an increase in demand over the past decade due to its affordability and nutritional benefits. Cassava leaves and roots are rich in minerals, proteins, and carbohydrates, making them ideal for animal feed. Various by-products from the cassava processing industry, such as cassava flour, cassava pulp, and cassava husks, are used in animal feed.
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The animal feed segment was valued at USD 67.40 billion in 2018. Cassava-based animal feeds have gained popularity in Africa as an affordable and less volatile alternative to traditional feed ingredients such as maize and soybeans, which can be expensive and potentially volatile. The use of cassava-based feed increased the profitability of smallholder farmers and reduced the cost of raising livestock. The Asian poultry and pork industries are major users of cassava animal feed. Cassava is becoming an increasingly popular animal feed ingredient in these markets with the development of new high-protein, low-cyanide varieties. The widespread use of cassava in animal feed is expected to fuel the growth of the featured market during the forecast period.
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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. APAC is the largest geographic segment of the market, unchanged in terms of both production and consumption. The APAC region is a major player in the international market. Thailand, Indonesia, and Vietnam are the top three producers, with the region producing more than 50% of the world's cassava. Starch, flour, and animal feed are the main products made from cassava in APAC. It is also eaten as a staple food in some countries such as Indonesia and the Philippines. Population growth, urbanization, and the burgeoning food processing sector are some of the factors driving the demand for cassava-based products in the region.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is witnessing significant growth, driven by the increasing demand for functional foods among health-conscious consumers. With rising concerns about chronic diseases, manufacturers in the nutritional food sector are fortifying foods with cassava-derived ingredients to align with changing consumer eating patterns and taste preferences. Cassava, particularly in forms like manioc starch, is finding applications across various categories such as cereals, dairy, and bakery products. It serves as a versatile ingredient, acting as a binding agent and texturizer in products like extruded snacks, ready-to-eat cereals, and pretzels, ensuring freeze-thaw stability. Further, lemonilo Indonesia sehat caters to the gluten-intolerant population by offering gluten-free products and uses natural sweeteners type like coconut sugar and stevia.
Moreover, consumption of functional foods incorporating cassava contributes to achieving nutritional balance, dietary fiber intake, and managing glycemic index, addressing concerns related to obesity and high blood sugar. Natural sweeteners derived from it enhance the appeal of food and beverage products, catering to the growing market for clean-label ingredients. In the bakery and confectionery sector, it is utilized in gluten-free bakery goods, catering to individuals with celiac disease. Powdered cassava is gaining popularity in the production of functional food products, reflecting the diverse applications in both conventional and organic segments of the food industry. From cassava food products to innovative cassava products, the by-products of cassava find use in animal feed and biofuels, while cassava starch remains essential in both food and industrial sectors. In the dynamic and ever-evolving market of natural sweeteners, one promising alternative to traditional sugar derivatives. Cassava, a tuberous root vegetable native to South America, has gained significant attention in the food and beverages industry due to its various advantages.
Further, it is a popular choice for food and beverage manufacturers catering to the health-conscious population, including those with dietary restrictions such as gluten intolerance. This versatile root vegetable is free from preservatives and flavor enhancers, making it an ideal ingredient for producing natural and authentic products. Moreover, it possesses dietary fiber properties, contributing to its growing popularity in the market. In the context of instant noodles, cassava starch, derived from tapioca, is a common thickening agent. Tapioca starch, a byproduct of cassava processing, is also used as a sweetener type in various food applications. The market is witnessing a wave in demand due to its numerous benefits. As the trend towards natural and healthier food options continues, the demand as a natural sweetener is expected to increase. Additionally, the sweet potato market, another root vegetable with similar properties, is also experiencing growth, further bolstering the market.
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Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.42% |
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Market Growth 2024-2028 |
USD 44.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.16 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 53% |
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Key countries |
India, US, France, Thailand, and Indonesia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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, and Wai Lana Productions LLC |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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