Cassava Market worth $6.87 billion by 2030, growing at a CAGR of 6.84% - Exclusive Report by 360iResearch

The "Cassava Market by Product (Cassava Root, Cassava Starch, Dried Cassava Leaves), Type (Conventional, Organic), Variety, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Cassava Market to grow from USD 4.32 billion in 2023 to USD 6.87 billion by 2030, at a CAGR of 6.84%.

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Cassava, or manioc, is a tropical root vegetable rich in carbohydrates, which serves as a staple food in many developing countries and a raw material in various industrial applications. The demand for cassava and cassava-derived products is propelled by the consumer preference for gluten-free alternatives and increased integration into animal feed formulations. Moreover, demographic expansions of market vendors in regions reliant on cassava as a critical source of nutrition. Emerging opportunities are shaped by introducing genetically engineered cassava for improved efficiency and resilience, innovations in processing technology, and market expansion into areas seeking sustainable food options. However, the hurdles include susceptibility to climate-related price volatility, post-harvest supply chain inefficiencies, and the perishable nature of cassava. Nevertheless, advancements and research are directed towards developing nutrient-rich cassava strains with longer shelf lives, refining processing methods to broaden industrial applications, implementing sustainable agricultural practices, and value-enhancement of by-products, which are expected to create growth opportunities for the cassava market in the coming years.

Variety: Increasing use of bitter cassava for industrial purposes

Bitter cassava is recognized for its high cyanogenic glucoside content, requiring extensive processing to remove toxic compounds before consumption. Bitter cassava produces end-products that require further industrial processing, such as cassava flour and starch. Due to its resilience to poor soil conditions and lower requirements for fertilizers and pesticides, bitter cassava is a staple in many food-insecure regions. Sweet cassava, lower in cyanogenic glucosides, is more suitable for direct consumption after minimal processing, such as boiling or roasting. Sweet cassava is often favored in the fresh market or for preparing traditional dishes. Consumers who require a ready-to-use product that can be safely eaten with minimal preparation generally opt for sweet cassava.

Type: Growing investments toward organic cassava production

Conventional cassava is widely cultivated using standard agricultural practices, often involving synthetic chemicals, such as fertilizers and pesticides, to optimize yield. Conventional cassava is cheaper due to easier scalability and established supply chains. Conventional cassava is often preferred by industries that require high volumes of cassava at competitive prices. Industries such as animal feed, biofuel production, and the manufacture of starch and its derivatives lean towards conventional cassava due to its cost efficiency. Organic cassava is grown following strict guidelines to ensure no synthetic pesticides, herbicides, or fertilizers are used. Its cultivation supports sustainable farming practices and often requires organic certification. Organic cassava usually comes at a premium price due to the more labor-intensive farming methods and lower yields than conventional farming.

End-Use: Significant adoption of cassava in food and beverage industries

In the animal feed sector, cassava is widely utilized due to its high carbohydrate content and as a source of energy for livestock. The preference for cassava in animal feed is backed by its low protein and fat content, which makes it a good supplement to balance diets high in other nutrients. Cassava is deeply entrenched in the food and beverage industry; prized for its versatility, it serves various functions such as starch production for sweeteners, thickeners, and additive ingredients. Apart from its industrial uses, cassava is a staple in many regional cuisines, where it is consumed in tapioca, flour, chips, and as a root vegetable. Cassava starch is a vital component in the paper-making process, mainly used as a binder, coating, and to improve paper quality. Its properties, such as high pasting temperature, film formation, and adhesive qualities, make it preferable in the paper industry.

Product: Rising adoption of cassava starch across diverse end-user industries

The cassava root is the fundamental component of the cassava plant, mainly cultivated for its edible, starchy tuber. Cassava root serves as a primary source of carbohydrates for people in tropical and subtropical regions. Due to its adaptability to various weather conditions and low-cost maintenance, the cassava root is a staple food in many developing countries. Cassava starch, extracted from the cassava root, is widely utilized as a thickening agent in various food industries, including baking, meat processing, and beverages. Dried cassava leaves are a rich source of proteins, vitamins, and minerals and are commonly used as a nutritious ingredient in many African and Asian cuisines. Their need-based preference comes from their nutritional profile and ease of storage and transportation. Dried leaves are typically marketed to health-conscious consumers and vegetarian populations as a green leafy vegetable alternative in diets.

Regional Insights:

In the Americas, cassava is gaining popularity as a gluten-free alternative and in ethnic cuisines. Investment in the cassava sector is modest but growing, with burgeoning interest in cassava flour and tapioca as food ingredients in conventional and health food sectors has driven the demand for cassava in the Americas. The European Union is witnessing a growing demand for cassava as an industrial raw material and gluten-free products. The EU's consumer purchasing behavior reflects a preference for sustainable and ethically sourced ingredients, raising the call for fair-trade cassava products. With a lesser role in traditional diets, the market for cassava in the Middle East is emerging, primarily driven by the expatriate community and the interest in food diversification. Moreover, the African region, as a significant producer of cassava, focuses on increasing yield, fighting cassava-related diseases, and improving processing techniques to reduce post-harvest losses. Several African countries are at the forefront of cassava research, with patents relating to pest-resistant and high-yield varieties. Asia-Pacific's cassava consumption is predominantly for starch production and animal feed, making it a market driven by industrial needs. In India, cassava is an essential part of local diets in certain regions and is gaining traction as a raw material for starch industries. Moreover, significant investments in improving processing technologies are expected to add value to cassava products.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cassava Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cassava Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cassava Market, highlighting leading vendors and their innovative profiles. These include AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Banpong Tapioca, Cargill Inc., Chol Charoen Group, Chorchaiwat Industry Company Limited, Dadtco Philafrica B.V., Ekta International, Ingredion Incorporated, Keng Seng Group of Companies, Lentus Foods and Agro Ltd., Matna Food Ltd., Mhogo Foods Ltd., Otto's Naturals, Psaltry International Limited, ROI ET Group, Roquette Frères S.A., SPAC Starch Products (India) Private Limited, Sungai Budi Group, TAPIOCA VIETNAM Company, Tate & Lyle PLC, Tereos Group, Thanawat Group, The Dutch Agricultural Development & Trading Company BV, Vedan International (Holdings) Limited, Venus Starch Industries, Visco Starch, and Woodland Foods, Ltd..

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Market Segmentation & Coverage:

This research report categorizes the Cassava Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Cassava Root, Cassava Starch, and Dried Cassava Leaves. The Cassava Root is projected to witness significant market share during forecast period.

Based on Type, market is studied across Conventional and Organic. The Organic is projected to witness significant market share during forecast period.

Based on Variety, market is studied across Bitter Cassava and Sweet Cassava. The Sweet Cassava is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Animal Feed, Food & Beverage, and Paper Processing. The Paper Processing is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.09% in 2023, followed by Asia-Pacific.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cassava Market, by Product
7. Cassava Market, by Type
8. Cassava Market, by Variety
9. Cassava Market, by End-Use
10. Americas Cassava Market
11. Asia-Pacific Cassava Market
12. Europe, Middle East & Africa Cassava Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cassava Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cassava Market?
3. What is the competitive strategic window for opportunities in the Cassava Market?
4. What are the technology trends and regulatory frameworks in the Cassava Market?
5. What is the market share of the leading vendors in the Cassava Market?
6. What modes and strategic moves are considered suitable for entering the Cassava Market?

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