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According to a new report by EMR titled, 'Global Manioc Flour Market Report and Forecast 2021-2026', the global market for manioc flour is expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026.
The market for manioc flour is driven by the strong government support, along with the rising research and development centres to innovate new products, thereby, boosting the market for manioc flour. Governments across the globe are encouraging the growth of the product by financing the small farmers so that they can have access to a better quality of products. This has pushed the productivity of cassava, as a result, enhancing the market growth of manioc flour. For instance, the government of Thailand has developed several programs to provide technical support to small as well as medium enterprises and construct proper transportation and logistics system for the product manufacturers. Also, the government has provided assistance in marketing and developing this industry, leading to the thriving manioc flour industry across the globe.
Mhogo Foods Limited, a key industry player for manioc flour, offers the product to be used for various applications. Its manioc flour, also known as cassava flour, is nutritious and gluten-free. It is made from cassava and is best for cakes, pancakes, thickening soup, and porridge, among other gluten-free product preparation. The product can be used for either home or industrial purposes. The company is also working towards farmer empowerment by providing them sustainable business model, further contributing to their well-being. Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, distributes such wide-ranging manioc flour products to consumers, further promoting the sales of the product.
Market Analysis by Source, Type, Distribution Channel, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
Otto's Naturals, Mhogo Foods Limited, Bob's Red Mill Natural Foods, and Woodland Foods, among others, are the key players in the global manioc flour market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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