Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Cassava Flour Market Size is Estimated to Grow from USD 4.76 Billion in 2023 to USD 9.07 Billion by 2033, Growing at a CAGR of 6.66%during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Cassava Flour Market Size, Share, and COVID-19 Impact Analysis, By Product (Organic Cassava Flour and Conventional Cassava Flour), By Application (Food & Beverages, Animal Feed, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for gluten-free cassava flour, which is manufactured from the cassava root, is known as the global cassava flour market. Baking, cooking, and thickening are all done with cassava flour. It is also utilized in non-food industries like textiles and biofuels. Numerous variables that address shifting consumer tastes and market dynamics are driving the market's notable expansion. A major motivator is the growing need for functional foods. Foods with health benefits, such as those with increased fiber content and gluten-free alternatives, are becoming more and more popular as people grow more health conscious. These requirements are successfully met by cassava flour, which is naturally gluten-free and high in fiber and carbs, which promotes digestive health and long-lasting energy. As a result of this tendency, cassava flour is becoming more widely accepted in foods that are health-conscious and encouraging innovation in product development. However, the demand for cassava flour in the upcoming years will be constrained by growing raw material prices.
The conventional cassava flour segment held the largest share in 2023 and is estimated to grow at a CAGR of 5.78% throughout the projection period.
Based on the product, the global cassava flour market is categorized into organic cassava flour and conventional cassava flour. Among these, the conventional cassava flour segment held the largest share in 2023 and is estimated to grow at a CAGR of 5.78% throughout the projection period. The main factors influencing the desire for traditional cassava flour are availability and affordability. Since conventional cassava flour is usually less expensive to produce than its organic version, a wider spectrum of customers and food producers can use it.
The food and beverages segment dominated the global cassava flour market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period.
Based on the application, the global cassava flour market is classified into food & beverages, animal feed, and others. Among these, the food and beverages segment dominated the global cassava flour market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period. The growing demand for gluten-free and health-conscious products is a major factor in the segment's growth. Cassava flour has become a popular substitute for conventional wheat flour as more customers switch to gluten-free diets because of health issues like celiac disease or gluten sensitivity.
The supermarkets and hypermarkets segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global cassava flour market is divided into supermarkets and hypermarkets, online, and others. Among these, the supermarkets and hypermarkets segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Supermarkets and hypermarkets usually have well-established supply chains that guarantee cassava flour's steady availability, meeting the growing demand for gluten-free and health-conscious substitutes. As it allows users to physically see the product before making a purchase, this convenience is especially alluring in areas where customers enjoy in-person shopping experiences.
North America is expected to hold the largest share of the global cassava flour market through the forecast period.
North America is expected to hold the largest share of the global cassava flour market through the forecast period. The growing demand in the US and Canada is the main driver of the market's expansion. Cassava flour's appeal among health-conscious consumers seeking clean-label products that meet their dietary choices has increased due to growing awareness of its nutritional benefits, including its high fiber content and potential health benefits.
Asia Pacific is predicted to grow at the fastest CAGR of the global cassava flour market over the forecast period. The growing demand for cassava as a staple meal and its adaptability in a variety of applications has a substantial impact on the region's growth, especially in nations like China, Japan, and India. Consumption of cassava-based products, including flour and starch, which are used for both industrial and culinary purposes, has also increased throughout the nation.
Company Profiling
Major key players in the global cassava flour market include DADTCO Rivers Cassava Processing Company, Psaltry International, Green Hills Natural Foods, MHOGO Foods, Cargill, Archer Daniels Midland Company (ADM), Grain Millers, Inc., Mocaf Factory, Tereos Group, Otto's Naturals, PT Agromoda Solution Indonesia, Thai Wah Public Company Limited, Roquette Frères, Emsland Group, Ingredion Incorporated, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cassava flour market based on the below-mentioned segments:
Global Cassava Flour Market, By Product
Global Cassava Flour Market, By Application
Global Cassava Flour Market, By Distribution Channel
Global Cassava Flour Market, By Regional Analysis
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