Cassava is the third most important crop of the tropical region after rice and maize. It is grown in over 90 countries as it is a good source of carbohydrates and yields a better produce in adverse conditions than most other crops. According to IMARC Group’s latest report “Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global cassava processing market reached a volume of 261 Million Tons in 2019. Majority of the population of Africa, Latin America and Asia depends on cassava for sustenance as it provides food as well as occupation to farmers and traders. A major part of cassava is consumed directly and the rest is processed as starch, flour, pellets, chips, etc. Processing of cassava removes the toxins, increases its shelf life, reduces its weight and enhances its overall value. Processed cassava has various applications in a number of industries, some of which include - food, ethanol, paper and cardboard, textiles, pharmaceutical, glues and adhesives. Looking forward, IMARC Group expects the global cassava processing market to exhibit moderate growth during the next five years.
IMARC Group’s latest study has analysed the market on the basis of the end uses of cassava. Food industry accounts for around a half of the total global cassava consumption followed by feed industry. Region-wise, Nigeria is the world’s leading producer of cassava accounting for around a fifth of the world’s cassava production followed by Thailand, Indonesia, Brazil, Ghana, Congo and others. The report has also analysed the key global players operating in the cassava processing market. Some of the players analysed by this report include - Avebe U.A., Global Bio-Chem Technology Group, Emsland Group, Cargill Incorporated and Ingredion.
The report provides a detailed roadmap for setting up a cassava processing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the cassava processing market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the cassava processing industry in any manner.
Key Questions Answered in This Report:
The global cassava processing market size reached 261 Million Tons in 2019.
According to the estimates by IMARC Group, the global cassava processing market will exhibit moderate growth during the next five years.
The processed form of cassava is widely used in the weaving of textiles, preparing animal feed and manufacturing various ready-to-eat (RTE) food products. This represents one of the key factors stimulating the market growth.
The improvements in the cassava drying technique to improve its processing efficiency is acting as a major trend in the market.
As cassava is associated with various health benefits, the consumption of cassava-based food products has increased with the rising cases of the coronavirus disease (COVID-19). However, on account of the disrupted supply chains and labor shortage in the manufacturing plants, market players are unable to meet the rising demand.
Based on the end use, the market has been classified into food, feed and other industries.
On the geographical front, the market has been segmented into Nigeria, Thailand, Indonesia, Brazil, Ghana, Congo and others.
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