According to IMARC Group’s latest report “Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global cassava processing market reached a volume of 304 Million Tons in 2021. 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.
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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 2.3% during the forecast period (2022-2027).
- 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.
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