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Global Manioc Flour Market Expected to Grow at a CAGR of 4.5% During 2021-2026, Driven by Strong Government Support

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., 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:

  • The manioc flour industry, on the basis of source, is divided into organic and conventional.
  • On the basis of type, the industry is segmented into sweet manioc flour and bitter manioc flour.
  • By distributional channel, the industry is categorised into direct sales and indirect sales.
  • On the basis of application, the industry is segregated into food and feed.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for manioc flour is driven by the inflating disposable income of the population.
  • The rising demand from the food industry for cassava is aiding the market growth.
  • The growing health consciousness among consumers is aiding the market growth of manioc flour as it is gluten-free, grain-free, and nut-free.
  • The product is used in baking as well as for commercial purposes. The rising demand for bakery products is, thus, enhancing the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for manioc flour for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the sources, types, distribution channels, applications, and major regions of manioc flour.
  • It gives an in-depth look at the regional price trends in the global market for manioc flour.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

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.

About Us:

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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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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