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The global cassava processing market reached a volume of 298.8 Million Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 342.0 Million Tons by 2026. 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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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 for growth at the global and country level from 2021-2026. Our report has categorized the market based on end-use.
Breakup by End-Use:
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Among these, the food industry currently represents the largest segment, accounting for the majority of the total market share.
Regional Insights:
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 | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| 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 $ 1999 Five User License $ 2499 Corporate License $ 2999 |
| 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) |
The global cassava processing market reached a volume of 298.8 Million Tons in 2020.
According to the estimates by IMARC Group, the global cassava processing market is expected to 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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