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The global cassava processing market reached a volume of nearly 284.92 Million Tons in 2023. The market is further expected to grow positively at a CAGR of about 2.90% in the forecast period of 2024 and 2032 to reach a volume of approximately 368.52 Million Tons by 2032.
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Cassava processing key players seek to expand their product lines toward innovative and health-oriented products such as gluten-free flours and snacks. Others are looking forward to improving processing efficiency with innovative technologies and sustainable practices. Cassava processing companies are also eyeing big investments that are also placed on research and development for cassava-derived biofuels, environmentally responsive, and increasing the market share. Strategic partnerships with farmers and distributors are also a priority for maintaining consistency in supply and boosting local economies.
Key industry leaders in this market are:
Ingredion Incorporated is a food ingredient company operating in Westchester, Illinois, since 1901. The company specialises in cassava-derived products, offering high-quality cassava starch and flour for multiple food applications in the food industry, which clearly addresses gluten-free. The company has developed innovative products to cater to health-conscious consumers, enhancing texture and functionality in formulations.
Tereos S.A. is one of the leaders in the agricultural industry, mainly by the production of cassava, since it started its establishment in the year 2000 and has its headquarters at Lille, France. The company joins forces with cassava starch and sweeteners with sustainability from sound sources and quality products to meet a rising demand for fresh new innovative and environment-friendly ingredients in the food and beverages sectors.
Other market players in the cassava processing industry include Sonish Starch Technology, among others.
Cassava Processing Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global cassava processing market attained a volume of nearly 284.92 Million Tons in 2023, growing at a CAGR of % during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032to reach about 368.52 Million Tons by 2032.
The major drivers of the market growth include growing utilisation of processed cassava in food industry for applications in bakery, soups, sauces, and others, along with the growing feed industry and rapid technological advancements are expected to aid the market growth.
The growing product utilisation in the textile industry is the key trend guiding the growth of the cassava processing market.
The major regional markets are Americas, Asia Pacific, Africa, rest of the world dominating the overall market share.
Cassava starch, flour, chips, and derived ethanol are the major of products in the market, out of which starch and flour together account for the largest share.
The food sector is the leading end-user of the product.
The major players in the market are Ingredion Incorporated, Tereos S.A., and Sonish Starch Technology, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124