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Food and Beverages

Global Cassava Processing Market Si...

Historical and Forecast Market Trends

2018-34

www.expertmarketresearch.com

Cassava, also known as yuca or manioc, refers to a starchy-tuber of the spurge family (Euphorbiaceae) of plants. Its origin lies in the tropical areas of the American continents, particularly in South America. It is a perennial plant which grows best under tropical, moist, fertile, and well-drained soils.

Cassava is currently grown in over 90 countries as it yields a better produce in adverse conditions than most other crops. A majority of cassava is consumed directly while the rest is processed into stable product forms such as starch, pellets, flour, chips, soups, dips, etc.

Processing of cassava is associated with a number of advantages. It improves the overall value of the product as naturally-occurring toxins found in the root are removed. The weight of the product is also reduced, thereby, facilitating easy transportation to markets. Moreover, along with the extended product shelf-life, post-harvest losses arising from breakage of the roots are also minimised. Another major driver for high demand of processed cassava is its reliability in harsh environments. Owing to the aforementioned benefits of processed cassava, it is widely used in different forms in various industries.  According to a new report by Expert Market Research, the global cassava processing market reached a volume of around 284.92 Million Tons in 2023 and is further expected to reach 368.53 Million Tons by 2032.

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Key findings from the report:

  • The major end-use industries of processed cassava are food, feed and others. Among all, food industry represented the biggest end-use industry in 2020. Cassava starch and flour hold the largest share, which are used in bakery, confectionary, ice-creams etc.
  • Country-wise, Nigeria dominated the market with a share of nearly one-fifth of the global cassava production. This can be attributed to the new improved varieties of cassava being developed in the region. Nigeria was followed by Thailand, Indonesia, Brazil and Congo.
  • Some of the key players operating in the market include Dadtco Philafrica B.V., Tongaat Huleet Starch, Ingredion Incorporated, Emsland-Starke GmbH, SPAC Starch Products (India) Limited and Others.

Expert Market Research has analysed the global cassava processing market according to end-use industry, major countries and top players:

Market breakup by End-Use Industry

  • Food
  • Feed
  • Others

Market breakup by Country

  • Nigeria
  • Thailand
  • Indonesia
  • Brazil
  • Congo

Top players

  • Dadtco Philafrica B.V.
  • Tongaat Huleet Starch
  • Ingredion Incorporated
  • Emsland-Starke GmbH
  • SPAC Starch Products (India) Limited
  • Others

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End Use
  • Region
Breakup by Product Type
  • Cassava Starch
  • Cassava Flour
  • Cassava Chips
  • Cassava Derived Ethanol
Breakup by End Use
  • Food Industry
  • Feed Industry
  • Industrial
Breakup by Region
  • Americas
  • Asia Pacific
  • Africa
  • Rest of the World
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ingredion Incorporated
  • Tereos S.A.
  • Sonish Starch Technology
  • Others
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