Global Cassava Processing Market to Grow at 1.4% During 2024-2032, Spurred by Growing Utilization in RTE Food Products

July 16, 2020 | Food & Beverages

According to IMARC Group’s latest report “Cassava Processing Market Report by End-Use (Food Industry, Feed Industry, and Others), and Region 2024-2032,” the global cassava processing market reached a volume of 319.9 Million Tons in 2023. Cassava is a tropical plant and one of the most popular ingredients for starch production. The processing of cassava is essential for eliminating the potentially toxic cyanogenic glucosides that are present in fresh cassava. The process involves a combination of drying, cooking and fermentation that aids in improving their shelf life. One of the richest sources of carbohydrates, it is available in numerous forms, such as chips, pellets, flour, and starch. Characterized by excellent thickening properties, it is widely utilized in numerous industrial applications across the food and beverage, paper, feed and textile sectors.

Global Cassava Processing Market Trends:

The global market is primarily driven by the growing utilization of cassava flour in the preparation of numerous food preparations. It is extensively used as an essential component in bakery and confectionery products, such as cakes, cookies, bread, gums and other sweets, as well as a thickener in gravies, curries and baby foods. It is further processed into numerous ready-to-eat (RTE) products that are widely preferred by working professionals. Cassava starch is also used as a binder in sausages and other processed meat products for preventing them from drying out while cooking. Shifting dietary preferences and inflating per capita income levels of the masses are acting as other major growth-inducing factors. Apart from this, cassava starch is employed as a stiffing and sizing agent to improve the weaving efficiency of textiles. It is also used in the preparation of animal feed due to its high carbohydrate concentration. Furthermore, significant improvements in the cassava drying technique have improved the efficiency of cassava processing, which is expected to create a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to exhibit a CAGR of 1.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the end-use, the market has been divided into the food industry, feed industry and others. Among these, the food industry currently represents the largest segment, accounting for the majority of the total market share.
  • On the geographical front, Nigeria holds the leading position in the market, exhibiting a clear dominance. Other major countries include Thailand, Indonesia, Brazil, Ghana, Congo and others.
  • The competitive landscape of the market has been examined in the report with the detailed profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cassava Processing Market to Grow at 1.4% During 2024-2032, Spurred by Growing Utilization in RTE Food Products
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