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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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