Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A560
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Market Overview:

The global cassava processing market reached a volume of 304 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 350.8 Million Tons by 2027, exhibiting a CAGR of 2.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cassava is one of the most popular ingredients for starch production and is the third most crucial crop in the tropical regions after rice and maize. Cassava processing involves the drying, cooking and fermentation of cassava to improve its shelf life, reduce weight, and enhance its overall value. It also eliminates the potentially toxic cyanogenic glucosides that are present in fresh cassava. Cassava is a rich source of carbohydrates and is available in the form of chips, pellets, flour and starch. Consequently, a significant part of the population across the globe depends on cassava processing for sustenance as it provides food as well as occupation to farmers and traders. Apart from this, cassava exhibits thickening properties and is therefore utilized in numerous applications across the food and beverage, paper and cardboard, animal feed, ethanol, pharmaceutical, adhesives, and textile industries.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Cassava Processing Market Trends:

The global cassava processing market is primarily driven by the growing use of cassava flour in numerous food preparations. It is utilized as an essential component in the production of bakery and confectionery goods, such as cakes, gums, cookies and bread, and as a thickener in gravies, curries and baby foods. Besides this, a significant rise in the number of working professionals due to rapid urbanization has shifted consumer preferences toward ready-to-eat (RTE) food products that are processed with cassava. In addition, cassava starch is employed as a stiffening and sizing agent in the textile industry to improve the efficiency of the weaving process. Due to its high levels of carbohydrate concentration, cassava is also added to animal feed. Furthermore, advancements in the cassava drying technique have magnified the efficiency of cassava processing, thereby propelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cassava processing market, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on end-use.

Breakup by End-Use:

 

 
 

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  • Food Industry
  • Feed Industry
  • Others
     

Among these, the food industry currently represents the largest segment, accounting for the majority of the total market share.

Regional Insights:

  • Nigeria
  • Thailand
  • Indonesia
  • Brazil
  • Ghana
  • Congo
  • Others
     

On a regional basis, Nigeria holds the leading position in the market, representing the largest cassava producer across the globe.

Competitive Landscape:

The competitive landscape of the market has also been analyzed, with some of the key players being Avebe U.A., Global Bio-Chem Technology Group, Emsland Group, Cargill Incorporated and Ingredion.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons, US$ Billion
Segment Coverage End-Use, Country
Countries Covered Nigeria, Thailand, Indonesia, Brazil, Ghana, Congo, Others
Companies Covered Avebe U.A., Global Bio-Chem Technology Group, Emsland Group, Cargill Incorporated and Ingredion
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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