Asia Pacific Cassava Processing Market Report and Forecast 2024-2032

Asia Pacific Cassava Processing Market Outlook

The Asia Pacific cassava processing market is aided by the global market growth. The market is further expected to grow at a CAGR of 3.0% between 2024 and 2032.

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The Asia Pacific is among the most important regions for the market. The region is among the leading producers of cassava with countries like China, Japan, and Indonesia. These countries are importing huge volumes of the processed products such as cassava flour, starch, chips, and pellets. China is the top importer of cassava products globally. The Asia Pacific is the dominating region for both import and export of cassava products. The leading exporters of the products within the Asia Pacific region include Thailand, Vietnam, China, and Indonesia. The cassava production levels of Thailand and Indonesia in 2020 reached nearly 31 million tons and 20 million tons, respectively.

Market Segmentation

Cassava is a tropical plant whose different parts, including roots, leaves, and stem, can be transformed into a variety of food products. The starchy roots of cassava are a high energy source (carbohydrates) of various food crops, and they can be processed into cassava pellets, chips, flour as well as cassava starch. Most of the product is specifically eaten, and the rest is handled as starch, flour, pellets, chips, etc. Processing cassava helps eliminate the toxins, improves their resilience, decreases their weight, and increases their overall value. Processed cassava is widely used in a range of industries, including milk, fertilizer, paper and carton, cloth, medicine, glues, and adhesives.

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On the basis of product type, the Asia Pacific cassava processing market is divided into:

• Cassava Starch
• Cassava Flour
• Cassava Chips
• Cassava Derived Ethanol

The product finds wide application in the following sectors:

• Food
• Feed
• Industrial

Industrial applications are further divided into the following:

• Biodegradable Products
• Biofuels
• Papers
• Textiles
• Others

The major regions included in the market in the Asia Pacific are Indonesia, China, Thailand, Vietnam, Japan, and the Philippines, among others.

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Market Analysis

The cassava processing industry in the Asia Pacific is propelled by its growing applications in the end-use industries. It is also extensively used in the textile industry as a stiffing agent and as a protective agent for improving the weaving efficiency of the thread. It may also be used in animal feed as a substitution for maize or barley.

The market for processed cassava is strongly influenced by its increased use in the food industry. Cassava flour is widely demanded to make bakery items such as cakes, biscuits, cookies as well as bread. Processed cassava is often used in the manufacture of confectioneries, including gums, sweets, and others. It can also be used as a thickener in soups, sauces, baby food, gravies, and others. The market for processed cassava has also been helped by its use as a binder for sausages and processed meats to ensure that the cassava does not dry. Also, it is used to produce cassava chips, shrimp sticks, cassava butter cakes, and cookie, among other items. The rapidly rising demand for HFCS and paper production is boosting the market growth.

The growing use of these end-products like confectioneries and bakery products, among others, is significantly impacting the development of the cassava processing market. In addition, various factors like population growth, growing middle class, urbanisation, and increasing consumption of processed food are providing an impetus to the Asia Pacific cassava processing market growth.

Competitive Landscape

The report gives a detailed analysis of the following key players in the Asia Pacific cassava processing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ingredion Incorporated
• Cargill, Incorporated
• Archer-Daniels-Midland Company 
• Siam Modified Starch Co., Ltd.
• SPAC Starch Products (India) Private Limited 
• Sonish Starch Technology Co., Ltd.
• Eiamheng Tapioca Starch Industry Company Limited
• Agrideco Vietnam Co., Ltd.
• PTT Public Company Limited
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report