Reports
Global Cassava Processing Market Size, Share, Forecast: By Product Type: Cassava Starch, Cassava Flour, Cassava Chips, Cassava Derived Ethanol; By End Use: Food Industry, Feed Industry, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Cassava Processing Market Outlook
The global cassava processing market size reached a volume of nearly 284.92 million tons in 2023 while growing at a CAGR of about 2.9% in the historical period of 2024-2032. The market is further expected to grow positively in the forecast period of 2024 and 2032 to reach a volume of approximately 368.53 million tons by 2032.
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The cassava processing market demand is hugely dependent on the demand for cassava globally. Nigeria is the world's largest cassava producer with approximately one-fifth of the world's production of cassava, followed by Thailand, Indonesia, Brazil, Ghana, Congo, among others. The major producing states of the product in Nigeria include Benue, Kogi, Enugu, Imo, Cross-River, Ondo, Ogun, Delta, Anambra, Edo, and Taraba, among others.
The most significant end-use industries include feed and food products, among others. In 2020, the food industry represented the largest end-use market. Cassava starch and flour have the largest share due to their extensive application in bakeries, food, and ice-creams, among others.
The Asia Pacific is the leading region for the market, with China, Japan, and Indonesia, importing huge volumes of cassava products like flour, starch, chips, and pellets. China is the leading importer of such products globally. Asia is the leading continent in both the import and export of cassava products. The leading cassava exporters in the international market include Thailand, Vietnam, United States, Costa Rica, China, the Netherlands, Spain, Egypt, Honduras, and Indonesia.
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Properties and Applications
Cassava refers to a tropical plant whose different parts, including roots, leaves, and stem, can be transformed into a variety of food products. Cassava leaves could be used for soup or livestock feed, fried or freshly eaten or processed into several food products, and the stem may be used as firewood and to plant more cassava. The starchy roots are recognised as the highest energy source (carbohydrates) of various food crops, and they can be processed into pellets, chips, flour, and starch. Most of the cassava is specifically eaten, and the rest is handled as starch, flour, pellets, chips, etc. Processing of the product eliminates the toxins, improves their resilience, decreases their weight, and increases their overall value. Processed cassava is widely used in a range of industries, including milk, fertilizer, paper and carton, cloth, medicine, glues, and adhesives.
On the basis of product type, the cassava processing market is divided into:
- Cassava Starch
- Cassava Flour
- Cassava Chips
- Cassava Derived Ethanol
The product finds wide application end-use in the following sectors like:
- Food
- Feed
- Industrial
The industrial segment includes applications like biodegradable products, biofuels, paper, textiles, and others.
The regional cassava processing markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.
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Market Analysis
The cassava processing market is significantly being driven by its rising applications in the end-use industries. The industry is also being driven by the product's wide use in the textile sector as a stiffing agent and to enhance the weaving efficiency of the threat while protecting it. The rising demand from the feed industry is further aiding the market growth.
The demand for processed cassava is significantly being driven by the increasing use in the food industry. Cassava flour is widely being used in bakery products, like biscuits, cookies, and bread. The products are also used in the production of confectioneries, including gums, sweets, among others. It also finds applications in soups, sauces, baby foods, gravies, etc. as a thickener. The demand in the industry is also aided by its use as a binder in sausages and processed meats to prevent it from getting dry on being cooked. Moreover, the processed product is used in the making of chips, shrimp sticks, butter cakes, and coconut cookies, among other things.
Competitive Landscape
The report gives a detailed study of the following key players in the global cassava processing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ingredion Incorporated
- Tereos S.A.
- Sonish Starch Technology
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| 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 | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cassava Processing Market Analysis
8.1 Key Industry Highlights
8.2 Global Cassava Processing Historical Market (2018-2023)
8.3 Global Cassava Processing Market Forecast (2024-2032)
8.4 Global Cassava Processing Market by Product Type
8.4.1 Cassava Starch
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cassava Flour
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cassava Chips
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Cassava Derived Ethanol
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Cassava Processing Market by End Use
8.5.1 Food Industry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Feed Industry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.3.4 Breakup by Type
8.5.3.4.1 Biodegradable Products
8.5.3.4.2 Biofuel
8.5.3.4.3 Paper
8.5.3.4.4 Textile
8.5.3.4.5 Others
8.6 Global Cassava Processing Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.1.4 Market by Application
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.2.4 Market by Application
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Thailand
9.3.3.6 Australia
9.3.3.7 Others
9.3.4 Market by Application
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.4.4 Market by Application
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
9.5.4 Market by Application
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Setting Up a Cassava Processing Plant
13.1 Key Success and Risk Factors for Processing Cassava
13.2 Products Manufactured
13.3 Value Chain Analysis
13.4 Manufacturing Process Involved
13.5 Process Flow
13.6 Raw Material Requirements and Mass Balance
14 Capital Investment
14.1 Land Requirements and Investment
14.2 Construction Requirements and Investment
14.3 Plant Layout
14.4 Machinery Requirements and Investment
14.5 Other Capital Requirements and Investment
15 Operating Expenditures
15.1 Raw Material Requirements and Expenditures
15.2 Packaging Requirements and Costs
15.3 Labour Requirements and Costs
15.4 Transportation Requirements and Costs
15.5 Utility Requirements and Costs
15.6 Financial Support
15.7 Other Operating Expenditures
16 Project Economics
16.1 Techno-Economic Parameters
16.2 Product Pricing and Margins
16.3 Income Projections
16.4 Expenditure Projections
16.5 Taxation
16.6 Depreciation
16.7 Financial Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players’ Market Share
17.3 Company Profiles
17.3.1 Ingredion Incorporated
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
17.3.2 Tereos S.A.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Financial Summary
17.3.2.5 Certifications
17.3.3 Sonish Starch Technology
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Financial Summary
17.3.3.5 Certifications
17.3.4 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Cassava Processing Market: Key Industry Highlights, 2018 and 2032
2. Global Cassava Processing Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Cassava Processing Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Cassava Processing Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Cassava Processing Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Cassava Processing Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Cassava Processing Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. North America Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
11. North America Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Europe Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
15. Europe Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
16. Asia Pacific Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
19. Asia Pacific Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
20. Latin America Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Latin America Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
23. Latin America Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
24. Middle East and Africa Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Middle East and Africa Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Middle East and Africa Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
27. Middle East and Africa Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
28. Major Importing Countries by Volume (2020)
29. Major Exporting Countries by Volume (2020)
30. Major Importing Countries by Value (2020)
31. Major Exporting Countries by Value (2020)
32. Global Cassava Processing Market Structure
Key Questions Answered in the Report
The global cassava processing market attained a volume of nearly 284.92 million tons in 2023, growing at a CAGR of 2.9% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 368.53 million tons by 2032.
The major drivers of the market growth include growing utilisation of processed cassava in food industry for applications in bakery, soups, sauces, and others, along with the growing feed industry and rapid technological advancements are expected to aid the market growth.
The growing product utilisation in the textile industry is the key trend guiding the growth of the cassava processing market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific dominating the overall market share.
Cassava starch, flour, chips, and derived ethanol are the major of products in the market, out of which starch and flour together account for the largest share.
The food sector is the leading end-user of the product.
The major players in the market are Ingredion Incorporated, Tereos S.A., and Sonish Starch Technology, among others.
Analyst Review
The global cassava processing market attained a volume of 284.92 million tons in 2023, driven by the thriving food sector and increasing demand for processed cassava in the feed industry. Aided by the growing product demand in the textile industry, the market is expected to witness a further growth in the forecast period of 2024-2032 to reach 368.53 million tons by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product-types, the industry can be divided into cassava starch, flour, chips, and derived ethanol. On the basis of end-use, the food sector accounts for the leading share in the industry. The major regional markets in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific, accounting for the largest industry share. The key players in the above market include Ingredion Incorporated, Tereos S.A., and Sonish Starch Technology, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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