The cassava market in India is projected to undergo a steady decline from 2024 to 2028. The market size volume in 2023 stood at approximately 3.0 million metric tons. In 2024, it is forecasted to be 2.75 million metric tons, representing an 8.33% decrease from the previous year. The decline continues with a 9.09% drop to 2.5 million metric tons in 2025, followed by another 10% decrease to 2.25 million metric tons in 2026. The market further decelerates by 10.67% to reach 2.01 million metric tons in 2027 and concludes with a 11.44% reduction to 1.78 million metric tons in 2028. The compound annual growth rate (CAGR) for the forecasted period from 2024 to 2028 shows an average annual decrease of roughly 9.94%.
Considering future trends, factors such as climate change, shifts in agricultural practices, and evolving market demand can significantly influence the cassava market. It’s crucial to monitor advancements in agricultural technology, potential policy changes, and emerging markets to anticipate further shifts in supply and demand dynamics.
