Cassava Market to reach USD 55.27 Bn at a CAGR of 3.8 percent over the forecast period (2024-2030)

May 24 11:55 2024
Cassava Market to reach USD 55.27 Bn at a CAGR of 3.8 percent over the forecast period (2024-2030)
Cassava Market
The Cassava Market is segmented based on Category, Form, End used Industries, and Distribution Channels. A bottom-up approach was used to estimate the Cassava Market size. The significant growth in the cassava market has been driven by the rising global population and increasing demand for food, animal feed, and biofuel applications.

Stellar Market Research, a global Consumer Goods market research firm has published a competitive intelligence and market research report on the “Cassava Market. The Cassava Market size was valued at USD 45.27 Bn in 2023. The total Cassava Market revenue is expected to grow at a CAGR of 3.8 percent from 2023 to 2030, reaching USD 55.27 Bn during the forecast period.

Market Size in 2023: USD 45.27 Billion

Market Size in 2030: USD 55.27 Billion

CAGR: 3.8 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 269

No. of Tables: 125

No. of Charts and Figures: 115

Segment Covered: By Category, Form, End used Industries and Distribution Channels.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage:  Market Share, Size & Forecast by Revenue | 2022−2029, Market                  Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis,  Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Cassava Market Scope and Research Methodology

The Cassava market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cassava packaging market segments and geographies. This report offers past, present as well as future analysis and estimates for the Cassava Market. It estimates that are provided in the report are calculated through an exhaustive research methodology. The research methodology that is adopted involves multiple channels of research, such as – primary research, secondary research, and subject-related expert advice. The Cassava market estimates are calculated based on the influence of the current market dynamics along with various economic, social, and political factors on the Cassava Market. Also, various regulations, government spending, and research and development growth define the market data. Both positive, as well as negative changes to the market, are taken into consideration for the market estimates.

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Cassava Market Overview

The report provides an analysis of the cassava market in international markets, including development trends, competitive landscape analysis, and the development status of key regions. It discusses development policies and plans, manufacturing processes, and cost structures. The report also covers import/export consumption, supply and demand, pricing, revenue, and gross margins. Additionally, it focuses on major industry players, providing information such as company profiles, product pictures and specifications, shipments, pricing, revenue, and contact information. The report also analyzes the development trends in the cassava industry.

Cassava Market Dynamics

The increasing need for products made from cassava in various industries, such as food and beverage, animal feed, as well as non-food applications like adhesives and bioplastics, is a major factor driving the cassava market. The rise in disposable incomes, urbanization, and changing dietary preferences towards convenient and processed foods are contributing to this demand. The cassava market faces competition from other starch sources, such as corn, wheat, and potatoes. These alternative sources may be preferred in certain regions or industries due to their availability, cost-effectiveness, or specific functional properties, thereby limiting the demand for cassava-based products. Environmental factors, such as drought, flooding, and soil degradation, can also restrain the cassava market.

Cassava Market Regional Analysis

Europe plays a significant role in the cassava market in 2023 Fresh cassava imports currently lead the market, but there is a potential shift towards more convenient options such as pre-packaged flours or frozen products. European cassava imports are steadily increasing, indicating a growing consumer interest and awareness. The main reason for the increase in cassava imports is the presence of large ethnic communities with a tradition of consuming cassava-based food.

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 Cassava Market Segmentation

By Category

  • Conventional
  • Organic

By Form

  • Solid
  • Liquid

By End Used Industries

  • Food & Beverages
  • Animal Feed Industry
  • Pharmaceuticals
  • Paper and Textile Manufacturing
  • Others

Based on the End-used Industries, the Food & Beverages segment held the largest market share in the Cassava Market in 2023. According to the SMR analysis, the segment is expected to grow during the forecast period. Cassava is a staple food of people, particularly in developing countries in South America, and Africa. Cassava-based products, such as flour, starch, and traditional dishes, are widely consumed, driving significant demand from the Food & Beverages segment. Rapid population growth and urbanization, especially in developing countries, have led to an increased demand for processed and convenience foods. This has resulted in a boost in the market share of the Food & Beverages segment owing to the incorporation of cassava-based ingredients.

By Distribution Channels

  • Hypermarket & Supermarket
  • Specialty Stores
  • Modern Retail
  • Online Stores

Cassava Market’s key players include

  • Grain Millers, Inc. (U.S.)
  • Thai Wah Public Company Limited (Thailand)
  • Otto’s Naturals (New Jersey)
  • Parchem fine & specialty chemicals (U.S.)
  • Archer Daniels Midland Company.(AMD) (U.S.)
  • Agrideco Vietnam Co., Ltd. (Vietnam)
  • Buhler AG (Switzerland)
  • Ingredion Incorporated (U.S.)
  • American Key Food Products Inc. (U.S.)
  • Psaltry International Limited (Nigeria)
  • Dadtco Philafrica B.V. (Netherlands)
  • Roquette Frères (France)
  • Woodland Foods (U.S.)
  • Mhogo Foods Ltd. (Kenya)
  • Otto’s Naturals (New Jersey)
  • Venus Starch Industries (India)
  • Psaltry International Company Limited (Nigeria)
  • COFCO Corporation (China)
  • Cargill, Incorporated (U.S.)
  • Avebe U.A. (Netherlands)
  • Penford Corporation (U.S.)
  • Tereos Group (France)
  • AGRANA Beteiligungs-AG (Austria)
  • KMC (Kartoffelmelcentralen) (Denmark)
  • Emsland Group (Germany)
  • Nippon Shokuhin Kako Co., Ltd. (Japan)
  • Anhui AAA Agricultural Technology Co., Ltd. (China)

Key questions answered in the Cassava Market are:

  • What are the Cassava Markets?
  • What was the Cassava market size in 2023?
  • Which region held the largest share of the Cassava market?
  • What is the expected Cassava market size by 2030?
  • What is the growth rate of the Cassava Market?
  • Which are the factors expected to drive the Cassava market growth?
  • Which segment dominated the Cassava market growth?
  • What is the demand pattern for the Cassava market?
  • Who are the key players in the Cassava market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of By Category, Form, End used Industries, and Distribution Channels.
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is leading Food & Beverages firm, has also published the following reports:

Potato Chips MarketThe total market size was valued at USD 24.08 Bn. in 2024 and the total market revenue is expected to grow by 4.4 percent from 2024 to 2030, reaching USD 32.55 Bn. hanging consumer preferences towards convenient and healthy snacking options, combined with rising disposable incomes and urbanization, are driving the growth of the potato chips market. 

 Potato Starch Market The Market size was valued at US$ 608.44 Mn. in 2023. The Global Potato Starch Market is estimated to grow at a CAGR of 4.5% over the forecast period. The shift in consumer preferences towards convenience foods and the rising consumption of ready-to-eat meals are driving the demand for potato starch products.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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