Market Overview:
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.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cassava Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End-Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Raw Material Suppliers
5.9.2 Processors
5.9.3 Distributors
5.9.4 Exporters
5.9.5 End-Users
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Nigeria
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thailand
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Indonesia
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Brazil
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Ghana
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Congo
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market by End-Use
7.1 Food Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Feed Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Competitive Landscape
9 Cassava Processing
9.1 Product Overview
9.2 Detailed Process Flow
9.3 Various Types of Unit Operations Involved
9.4 Mass Balance and Raw Material Requirements
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Layout
10.4 Plant Machinery
10.5 Major Machinery Pictures
10.6 Raw Material Requirements and Expenditures
10.7 Raw Material and Final Product Pictures
10.8 Packaging Requirements and Expenditures
10.9 Transportation Requirements and Expenditures
10.10 Utility Requirements and Expenditures
10.11 Manpower Requirements and Expenditures
10.12 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Key Player Profiles
List of Figures
Figure 1: Global: Cassava Market: Major Drivers and Challenges
Figure 2: Global: Cassava Market: Production Volume Trends (in Million Tons), 2014 - 2019
Figure 3: Global: Cassava Market: Production Value Trends (in Billion US$), 2014 - 2019
Figure 4: Global: Cassava Market: Average Price Trends (in US$/Ton), 2014 - 2019
Figure 5: Global: Cassava Market: Breakup by Region (in %), 2019
Figure 6: Global: Cassava Market: Breakup by End-Use (in %), 2019
Figure 7: Global: Cassava Market Forecast: Production Volume Trends (in Million Tons), 2020 - 2025
Figure 8: Global: Cassava Market Forecast: Production Value Trends (in Billion US$), 2020 - 2025
Figure 9: Global: Cassava Industry: SWOT Analysis
Figure 10: Global: Cassava Industry: Value Chain Analysis
Figure 11: Global: Cassava Industry: Porter’s Five Forces Analysis
Figure 12: Nigeria: Cassava Market (in Tons), 2014 & 2019
Figure 13: Nigeria: Cassava Market Forecast (in Tons), 2020-2025
Figure 14: Thailand: Cassava Market (in Tons), 2014 & 2019
Figure 15: Thailand: Cassava Market Forecast (in Tons), 2020-2025
Figure 16: Indonesia: Cassava Market (in Tons), 2014 & 2019
Figure 17: Indonesia: Cassava Market Forecast (in Tons), 2020-2025
Figure 18: Brazil: Cassava Market (in Tons), 2014 & 2019
Figure 19: Brazil: Cassava Market Forecast (in Tons), 2020-2025
Figure 20: Ghana: Cassava Market (in Tons), 2014 & 2019
Figure 21: Ghana: Cassava Market Forecast (in Tons), 2020-2025
Figure 22: Congo: Cassava Market (in Tons), 2014 & 2019
Figure 23: Congo: Cassava Market Forecast (in Tons), 2020-2025
Figure 24: Others: Cassava Market (in Tons), 2014 & 2019
Figure 25: Others: Cassava Market Forecast (in Tons), 2020-2025
Figure 26: Global: Cassava Market: Food Industry (in Tons), 2014 & 2019
Figure 27: Global: Cassava Market Forecast: Food Industry (in Tons), 2020-2025
Figure 28: Global: Cassava Market: Feed Industry (in Tons), 2014 & 2019
Figure 29: Global: Cassava Market Forecast: Feed Industry (in Tons), 2020-2025
Figure 30: Global: Cassava Market: Other End-Use (in Tons), 2014 & 2019
Figure 31: Global: Cassava Market Forecast: Other End-Use (in Tons), 2020-2025
Figure 32: Cassava Manufacturing Plant: Detailed Process Flow
Figure 33: Cassava Manufacturing Process: Conversion Rate of Feedstocks
Figure 34: Cassava Manufacturing Plant: Proposed Plant Layout
Figure 35: Cassava Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 36: Cassava Industry: Profit Margins at Various Levels of the Supply Chain
Figure 37: Cassava Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Cassava Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Cassava Market Forecast: Breakup by Region, 2020-2025
Table 3: Global: Cassava Market Forecast: Breakup by End-Use, 2020-2025
Table 4: Global: Cassava Market: Competitive Structure
Table 5: Cassava Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Cassava Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Cassava Manufacturing Plant: Costs Related to Cassava Chips Production Line (in US$)
Table 8: Cassava Manufacturing Plant: Costs Related to Cassava Starch Production Line (in US$)
Table 9: Cassava Manufacturing Plant: Costs Related to Cassava Flour Production Line (in US$)
Table 10: Cassava Manufacturing Plant: Costs Related to Cassava Pellets Production Line (in US$)
Table 11: Cassava Manufacturing Plant: Summary of Machinery Cost (in US$)
Table 12: Cassava Manufacturing Plant: Raw Material Requirements
Table 13: Cassava Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Cassava Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Cassava Manufacturing Plant: Capital Costs (in US$)
Table 17: Cassava Manufacturing Plant: Techno-Economic Parameters
Table 18: Cassava Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Cassava Manufacturing Plant: Income Projections (in US$)
Table 20: Cassava Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Cassava Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Cassava Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Cassava Manufacturing Plant: Profit and Loss Account (in US$)