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Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • May 2022
  • 127 pages
  • ID: 4837096
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global cassava processing market reached a volume of 304 Million Tons in 2021.

Looking forward, the analyst expects the market to reach 350.8 Million Tons by 2027, exhibiting a CAGR of 2.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cassava is one of the most popular ingredients for starch production and is the third most crucial crop in the tropical regions after rice and maize. Cassava processing involves the drying, cooking and fermentation of cassava to improve its shelf life, reduce weight, and enhance its overall value. It also eliminates the potentially toxic cyanogenic glucosides that are present in fresh cassava. Cassava is a rich source of carbohydrates and is available in the form of chips, pellets, flour and starch. Consequently, a significant part of the population across the globe depends on cassava processing for sustenance as it provides food as well as occupation to farmers and traders. Apart from this, cassava exhibits thickening properties and is therefore utilized in numerous applications across the food and beverage, paper and cardboard, animal feed, ethanol, pharmaceutical, adhesives, and textile industries.

Cassava Processing Market Trends:
The global cassava processing market is primarily driven by the growing use of cassava flour in numerous food preparations. It is utilized as an essential component in the production of bakery and confectionery goods, such as cakes, gums, cookies and bread, and as a thickener in gravies, curries and baby foods. Besides this, a significant rise in the number of working professionals due to rapid urbanization has shifted consumer preferences toward ready-to-eat (RTE) food products that are processed with cassava. In addition, cassava starch is employed as a stiffening and sizing agent in the textile industry to improve the efficiency of the weaving process. Due to its high levels of carbohydrate concentration, cassava is also added to animal feed. Furthermore, advancements in the cassava drying technique have magnified the efficiency of cassava processing, thereby propelling the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global cassava processing market, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on end-use.

Breakup by End-Use:
Food Industry
Feed Industry
Others

Among these, the food industry currently represents the largest segment, accounting for the majority of the total market share.

Regional Insights:
Nigeria
Thailand
Indonesia
Brazil
Ghana
Congo
Others

On a regional basis, Nigeria holds the leading position in the market, representing the largest cassava producer across the globe.

Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the key players being Avebe U.A., Global Bio-Chem Technology Group, Emsland Group, Cargill Incorporated and Ingredion.

Key Questions Answered in This Report
1. What was the global cassava processing market size in 2021?
2. What will be the global cassava processing market outlook during the forecast period (2022-2027)?
3. What are the global cassava processing market drivers?
4. What are the major trends in the global cassava processing market?
5. What is the impact of COVID-19 on the global cassava processing market?
6. What is the global cassava processing market breakup by end-use?
7. What are the major regions in the global cassava processing market?

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