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 Market Size is Expected to Grow from USD 160 Billion in 2023 to USD 238 Billion by 2033, Growing at a CAGR of 4.05% 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 Market Size, Share, and COVID-19 Impact Analysis, By Product (Organic and Conventional), By Type (Chips, Flour, and Others), By Application (Pharmaceutical, Animal Feed, Food & Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A starchy root crop, cassava has quickly become essential in many different industries because of its affordability and adaptability. It is widely used in food goods, animal feed, biofuels, and even biodegradable materials because of its high carbohydrate content and ease of tropical growing. The rising demand for gluten-free products is one of the main causes of this expansion. Cassava has become known as a wholesome substitute for wheat and other gluten-containing grains as consumer health consciousness has increased, especially in Western markets. The rising demand for items made from cassava, such as flour, snacks, and noodles, which appeal to people who are gluten intolerant or maintain a gluten-free diet, is indicative of this trend. Technological developments in the processing of cassava are also essential for market growth. Products made from cassava are now more efficient and of higher quality because of advancements in processing methods. However, the cassava market is hindered by the price fluctuations for cassava raw and its products as a result of changing weather.
The organic segment is expected to hold the largest market share of the global cassava market through the projected timeframe.
Based on the product, the cassava market is classified into organic and conventional. Among these, the organic segment is expected to hold the largest market share of the global cassava market through the projected timeframe. The growth of organic cassava agriculture has also been helped by government programs that promote organic agricultural methods. Customers searching for healthier options are drawn to organic products because of their perceived higher quality and safety requirements. The growing popularity of gluten-free diets and the need for natural ingredients in the food industry are beneficial to this market.
The flour segment is predicted to hold a significant market share in the global cassava market through the projected timeframe.
Based on the type, the cassava market is classified into chips, flour, and others. Among these, the flour segment is predicted to hold a significant market share in the global cassava market through the projected timeframe. One major factor behind this expansion is the increased demand for gluten-free products as consumers search for wheat flour substitutes due to health concerns associated with gluten intolerance. Additionally, food makers and health-conscious consumers favor cassava flour due to its adaptability in a variety of culinary applications, such as thickening sauces and baking.
The food & beverage segment is expected to hold the highest market share of the global cassava market through the projected period.
Based on the application, the cassava market is divided into pharmaceutical, animal feed, food & beverage, and others. Among these, the food & beverage segment is expected to hold the highest market share of the global cassava market through the projected period. The growing need for gluten-free and alternative starches has led to one of cassava's most significant uses in the food sector. In baking and cooking, cassava flour and starch have replaced wheat flour as health-conscious consumers look for natural and gluten-free alternatives. Cassava's adaptability makes it suitable for use in a variety of food products, such as baked foods, sauces, and snacks.
North America is expected to hold the largest share of the cassava market through the forecast period.
North America is expected to hold the largest share of the cassava market through the forecast period. The growing demand for gluten-free and alternative food products, along with growing consumer knowledge of nutrition and health, is driving the market expansion in North America. As consumers' concerns about their health grow, they look for natural and nourishing foods to include in their diets. A popular ingredient in many food applications, such as baked products, snacks, and gluten-free flour, cassava is known for its high starch content and adaptability. The market's growth has also been aided by a trend toward clean-label products, as customers favor meals with minimal processing and no artificial additives.
Asia Pacific is predicted to grow at the fastest CAGR of the cassava market over the forecast period. The rising demand for products made from cassava in a variety of industries, including food, medicine, and textiles, is the main factor propelling the market expansion in Asia. Cassava flour and starch have become more well-liked as adaptable substitutes for conventional ingredients as customers grow more health-conscious and look for gluten-free solutions. The quality and usefulness of cassava products have been further improved by advancements in processing technologies, increasing its appeal to producers.
Company Profiling
Major key players in the cassava market include Cargill, Agrideco Vietnam Co., Ltd., American Key Food Products Inc., Incorporated, Grain Millers Inc., Ingredion Inc., Parchem Fine and Specialty Chemicals, Psaltry International Ltd., Tate & Lyle Plc, Venus Starch Suppliers, Archer Daniels Midland Company, 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 cassava market based on the below-mentioned segments:
Global Cassava Market, By Product
Global Cassava Market, By Type
Global Cassava Market, By Application
Global Cassava Market, By Regional Analysis
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