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Report Overview
The global cassava processing market reached a volume of nearly 284.92 MMT 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 MMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cassava Processing Market Analysis
The cassava processing market is significantly being driven by its rising applications in the end-use industries. The industry is also being driven by the product's wide use in the textile sector as a stiffing agent and to enhance the weaving efficiency of the threat while protecting it. The rising demand from the feed industry is further aiding the market growth.
The demand for processed cassava is significantly being driven by the increasing use in the food industry. Cassava flour is widely being used in bakery products, like biscuits, cookies, and bread. The products are also used in the production of confectioneries, including gums, sweets, among others. It also finds applications in soups, sauces, baby foods, gravies, etc. as a thickener. The demand in the industry is also aided by its use as a binder in sausages and processed meats to prevent it from getting dry on being cooked. Moreover, the processed product is used in the making of chips, shrimp sticks, butter cakes, and coconut cookies, among other things.
Cassava Processing Market Report Snapshots
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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Key Questions Answered in the Report
The global cassava processing market attained a volume of nearly 284.92 MMT in 2023, growing at a CAGR of 2.90% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 368.52 MMT 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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124