Cassava Market Overview
The Cassava Market, valued at USD 45.27 billion in 2023, is projected to grow at a CAGR of 3.8% during the forecast period of 2024 to 2030, reaching a valuation of USD 55.27 billion by 2030. Cassava, the edible root of the Manihot esculenta plant, is a versatile crop consumed as food and used in industrial applications such as biofuel production and animal feed. Its rich composition of resistant starch and vitamin C makes it a staple crop in tropical regions and a valuable input in the food and beverage, pharmaceutical, and renewable energy industries.
Market Scope
The report provides a deep dive into market dynamics, including historical trends, environmental factors, technological advancements, and future forecasts. It also evaluates product consumption, growth opportunities, challenges, and regional insights.
- Key Attributes: Quantitative and qualitative analysis across regions, covering all essential aspects of the market.
- Categories: Organic and conventional.
- Forms: Solid and liquid.
- Applications: Food and beverages, animal feed, pharmaceuticals, paper, textiles, and others.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Cassava-Market/1917
Market Drivers
- Rising Urbanization and Demand for Convenience Foods
Urbanization is leading to increased consumption of processed foods, including cassava-based products such as flour, chips, and starch. The middle class in emerging markets is driving demand for convenient and gluten-free alternatives. - Industrial Demand
Cassava is a critical component in renewable energy sectors, particularly for biofuel production. Its low-calorie sweeteners and thickeners are in high demand across food and beverage industries. - Health and Nutritional Trends
Cassava’s resistant starch promotes gut health and blood sugar management, appealing to health-conscious consumers. Its gluten-free flour is increasingly used in the baking industry.
Market Trends
- Sustainability Focus
Increasing environmental awareness is propelling demand for cassava derivatives in biodegradable packaging and eco-friendly industrial processes. - Rising Popularity of Cassava-Based Functional Foods
With added nutritional properties, cassava is a preferred choice for producing functional food products like fortified bread and snacks. - Technological Advancements in Processing
Innovations in cassava processing, including disease-resistant varieties and improved storage solutions, are overcoming traditional challenges like short shelf life and pest infestations.
Segmentation Analysis
- By Category:
- Organic
- Conventional
- By Form:
- Solid: Leading the market with 49.1% share in 2023.
- Liquid
- By End-Use Industries:
- Food & Beverages
- Animal Feed Industry
- Pharmaceuticals
- Paper and Textile Manufacturing
- Others
- By Distribution Channels:
- Hypermarkets & Supermarkets
- Specialty Stores
- Modern Retail
- Online Stores
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Cassava-Market/1917
Regional Analysis
- Asia-Pacific
- Dominates with 56.4% market share in 2023.
- High production in Thailand, Vietnam, Indonesia, and China.
- Export hubs for cassava starch, with significant demand from China and the EU.
- South America
- Traditional use in countries like Brazil and Colombia.
- Research institutions advancing sustainable cultivation methods.
- Africa
- Nigeria leads in global cassava production.
- Increasing focus on developing cassava as a sustainable food and industrial crop.
- North America and Europe
- Growing demand for gluten-free cassava products and industrial applications.
Key Players in the Cassava Market
The competitive landscape features established players and emerging companies adopting strategies like R&D investments, product innovation, and partnerships. Key players include:
- Grain Millers, Inc. (U.S.)
- Thai Wah Public Company Limited (Thailand)
- Cargill, Incorporated (U.S.)
- COFCO Corporation (China)
- Roquette Frères (France)
- Buhler AG (Switzerland)
- Venus Starch Industries (India)
- Mhogo Foods Ltd. (Kenya)
Key Questions Answered
- What is the projected market size of the Cassava Market by 2030?
- Which region dominates the cassava market?
- What are the key drivers propelling market growth?
- How are technological advancements shaping the market?
- Who are the major players, and what strategies are they employing?
For further insights and detailed analysis, please refer to the complete market report:https://www.stellarmr.com/report/Cassava-Market/1917
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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