Cassava Market Projected to Hit USD 55.27 Billion by 2030 with a Steady CAGR of 3.8%

𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 45.27 billion in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030, reaching nearly USD 55.27 billion by 2030. This growth is driven by increasing demand for cassava-based products across food, animal feed, and industrial sectors, along with rising consumer preferences for gluten-free and natural alternatives.

𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Cassava, a starchy root crop, serves as a staple food and an essential ingredient in various industries, including food and beverages, pharmaceuticals, and biofuel production. Rich in resistant starch, vitamin C, and carbohydrates, cassava is widely consumed for its nutritional benefits and versatility. Major producers like Nigeria, Thailand, and Indonesia dominate the market, contributing to its global availability. The market's expansion is supported by innovations in cassava processing, increased global trade, and the rising demand for gluten-free products. With applications ranging from traditional dishes to industrial uses, cassava plays a vital role in meeting global food security and sustainability goals.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://www.stellarmr.com/report/req_sample/Cassava-Market/1917

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭:

The growth of the Cassava Market is fueled by increasing urbanization and rising global populations, which drive the demand for affordable, high-calorie food sources. The crop's versatility as a food ingredient, animal feed, and biofuel feedstock is boosting its adoption across diverse industries. Growing health-conscious consumers are driving demand for gluten-free alternatives like cassava flour. Additionally, the rise in processed food consumption and the growing middle-class population in emerging economies further stimulate market growth. Industrial applications, such as the use of cassava-derived starch in sweeteners and paper production, also contribute to its expanding market footprint.

𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the cassava market include the development of sustainable and disease-resistant cassava varieties to address agricultural challenges. The increasing popularity of cassava-based functional foods, driven by health and wellness trends, is reshaping consumer preferences. Biodegradable packaging solutions made from cassava starch highlight the industry's focus on environmental sustainability. Additionally, the rising adoption of advanced cultivation and processing techniques, particularly in Asia-Pacific and South America, is enhancing production efficiency and global export potential. The growth of online retail channels and specialty stores further boosts accessibility to cassava-based products worldwide.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.stellarmr.com/report/enquire_now/Cassava-Market/1917

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's cassava market is thriving due to its prominent role as a major exporter of cassava products. Vietnam Tapioca Ltd. partnered with global starch companies to expand processing capabilities. Government initiatives supporting agricultural exports are further boosting market growth.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand remains a global leader in cassava production and export, driven by strong demand from the food and biofuel industries. Thai Starch Corporation launched a new range of modified starch products in 2023, targeting international markets. The government's focus on sustainable farming practices is enhancing the industry.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's cassava market is leveraging its demand for gluten-free and low-GI food products. Companies like Nippon Food Ingredients introduced cassava-based flour and noodles, catering to health-conscious consumers. Import regulations favoring sustainable and organic products are driving growth.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's cassava market is experiencing consolidation as leading food manufacturers expand their product portfolios. Korea Agro Solutions acquired Seoul Starch Ltd., enhancing its presence in the premium starch segment. The demand for cassava-based products in the food and beverage sector is rising steadily.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's cassava market is advancing with innovations in food technology. Singapore Starch Innovations Ltd. collaborated with global partners to develop cassava-based biodegradable packaging solutions. Government initiatives promoting sustainable practices are further supporting market growth.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The United States is a key importer of cassava products, driven by demand in the gluten-free and ethnic food segments. ADM (Archer Daniels Midland) introduced a new line of cassava-based starches for clean-label applications in 2023. The growing focus on plant-based and natural ingredients is fueling market expansion.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's cassava market is thriving due to stringent food safety regulations and increasing demand for gluten-free alternatives. Companies such as Tereos Group and Roquette Frères are leading innovations in cassava starch for industrial and food applications. The European Union's sustainability initiatives are fostering significant investment in cassava-based products.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Cassava-Market/1917

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭:

by Category

Organic
Conventional
by Form

Solid
Liquid
by End Used Industries

Food & Beverages
Animal Feed Industry
Pharmaceuticals
Paper and Textile Manufacturing
Others
by Distribution Channels

Hypermarket & Supermarket
Specialty Stores
Modern Retail
Online Stores

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐂𝐚𝐬𝐬𝐚𝐯𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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)
Nihon Shokuhin Kako Co., Ltd. (Japan)
Anhui AAA Agricultural Technology Co., Ltd. (China)

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/Cassava-Market/1917

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Cargo Shipping Market https://www.stellarmr.com/report/Cargo-Shipping-Market/1146

Duty-Free Retail Market https://www.stellarmr.com/report/Duty-Free-Retail-Market/1151

Geofoam Market https://www.stellarmr.com/report/Geofoam-Market/1159

North America Paper Packaging Market https://www.stellarmr.com/report/North-America-Paper-Packaging-Market/158

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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sales@stellarmr.com

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 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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