Cassava is an important tropical root crop whose various parts like roots, leaves as well as stem can be processed into various nutritional food products. Cassava leaves can be used to make soup or as feed for livestock; its roots can be cooked or eaten fresh or processed into various food products and the stem can serve as firewood and for planting more cassava. Its starchy roots are known as the richest source of energy (carbohydrates) among various staple crops and can be processed into cassava chips, cassava pellets, cassava flour and cassava starch. As cassava starch, it can also fulfil various industrial needs like in the production of biofuels, paper and drug-making industries. During 2014-2018, the global production of cassava grew at a CAGR of3% . The demand for processed cassava products is currently increasing as they provide ease of transportation and have longer shelf-life compared to the fresh cassava roots which are bulky and perishable in nature. This report by Expert Market Research entitled “Cassava Processing Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the cassava processing market.
Historical market trends for the global cassava processing industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global cassava processing market into the following major countries – Nigeria, Thailand, Indonesia, Brazil and Congo. Nigeria currently represents the largest market. Additionally, the report has segmented the global cassava processing market by end-use industries which include food industry, feed industry and others.
The value chain analysis of the cassava processing industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the cassava processing industry has also been provided. Some of the key players in this market include Avebe U.A., Global Bio-Chem Technology Group, Penford and Ingredion.
This report provides an exhaustive insight for setting-up and running a cassava processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global cassava processing market?
- Which are the biggest markets (regions) for cassava processing?
- What are the major types of cassava processing? Which are the most popular?
- What are the key application areas for cassava processing?
- Who are the key players in the cassava processing?
- What are the land and construction requirements to start a cassava processing plant?
- What are the machinery requirements to start a cassava processing plant?
- How is cassava products priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a cassava processing manufacturing plant?
- What are the running costs of a cassava processing plant?
- How much revenue can a cassava processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the cassava processing industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.