Cassava Market: Global Industry Analysis and Forecast (2024-2030)

Cassava Market Overviews
The cassava root is the edible, starchy tuberous root of the Manihot esculenta plant. It is a staple food crop in many tropical regions, where it is consumed fresh, processed into flour, chips, or starch, and used in various traditional dishes. Also, it is utilized in industrial applications such as animal feed and biofuel production. Cassava is a good source of resistant starch, which supports gut health and blood sugar management. It also contains vitamin C, a key micronutrient that can enhance immune function, collagen production, and enhances immunity.

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Cassava Market Scope and Methodology:
A growing global population creates an ongoing demand for reliable and affordable food sources, leading to increased need for cassava as a high-calorie crop. As individuals migrate to urban areas, their dietary preferences shift towards convenient food options. Cassava is used in various industries, including food, animal feed, and biofuels. The growing demand for sustainable and renewable energy sources drives the use of cassava-derived ethanol as an industrial feedstock. Changing consumer preferences and the growing middle class in emerging economies have increased the demand for Cassava Market with products such as cakes, balls, pizza, and pancakes. Sweeteners produced from cassava starch are gaining popularity owing to their natural properties and low-calorie content.

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Cassava Market Regional Insights
Asia Pacific region has dominated the Cassava Market, which held the largest market share accounting for 56.40% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. The Asia-Pacific region has a large population that depends on cassava as a staple food crop and an important source of carbohydrates. Cassava is widely consumed in various forms, such as fresh roots, processed products (chips, flour, starch), and traditional dishes, Rising populations in the region create a constant demand for cassava as a food source, driving significant domestic demand within the region.

Cassava Market Segmentation
Based on the Form, the Solid form segment held the largest market share of about 49.1% in the Cassava Market in 2023. According to the SMR analysis, the segment is expected to grow at a CAGR of 3.8 % during the forecast period and maintain its dominance till 2030. The solid form segment which includes products like dried cassava chips, pellets, and flour has a significantly longer shelf life compared to fresh cassava roots or liquid products. The extended shelf life of solid forms of cassava, such as flour and starch, makes them easier to store, transport, and distribute over longer distances, increasing their commercial viability. Solid forms of cassava, particularly flour and starch, have a wide range of applications across various industries, including food and beverages, animal feed, pharmaceuticals, and industrial uses. This versatility drives a higher demand for solid cassava products.

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Cassava Market Key Players
Grain Millers, Inc. (U.S.)
Thai Wah Public Company Limited (Thailand)
Otto's Naturals (New Jersey)
Parchem fine & specialty chemicals (U.S.)
Archer Daniels Midland Company.(AMD) (U.S.)
Agrideco Vietnam Co., Ltd. (Vietnam)
Buhler AG (Switzerland)
Ingredion Incorporated (U.S.)
American Key Food Products Inc. (U.S.)
Psaltry International Limited (Nigeria)

Key questions answered in the Cassava Market are:
• What is Cassava?
• What was the Cassava market size in 2023?
• What is the growth rate of the Cassava Market?
• Which are the factors expected to drive the Cassava market growth?
• What are the different segments of the Cassava Market?
• What growth strategies are the players considering to increase their presence in Cassava?
• What are the upcoming industry applications and trends for the Cassava Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Cassava Market?
• Who are the leading companies and what are their portfolios in Cassava Market?
• What segments are covered in the Cassava Market?
• Who are the key players in the Cassava market?

Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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