Global Manioc Flour Market Report and Forecast 2024-2032

Global Manioc Flour Market Outlook

The global manioc flour market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to grow at a CAGR of 4.50% in the forecast period of 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Extensive Range of Applications of the Product is Expected to Aid the Global Market for Manioc Flour

The market for manioc flour is predicted to grow rapidly in the forecast period owing to the rising demand for cassava, which is used to manufacture this flour. Cassava is a significant food crop as it offers an extensive range of applications in several industries. Nigeria, Indonesia, and Brazil are the thriving markets for manioc flour, exhibiting a rising demand at both domestic as well as international levels.

The Asia Pacific region is a significant market for manioc flour, especially China, Vietnam, and Thailand, which are the major global exporters and consumers of manioc flour. The region is attracting the manioc flour manufacturers due to rising disposable income, changing lifestyles, and rapid urbanisation. These factors are responsible for the thriving manioc flour industry within the region as the consumers are receptive towards various applications of the product. The United States and European regions receive their manioc flour supply largely from Thailand and Vietnam. Also, in Africa, the market for the product is growing at a robust rate. Thus, the overall growth of the global market for manioc flour is expected to increase at a healthy pace in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Manioc Flour: Market Segmentation

Manioc flour is extracted from the tuberous root of the Manihot esculenta plant, which is common in Central and Southern America. This plant is variously known as manioc, cassava, or yucca. The derivatives from the plant are commonly used by Latin Americans in their traditional recipes. The manioc flour is coarse, has a mealy texture, and a nutty flavour, along with a tinge of acidity, which is a distinctive feature of this flour.

On the basis of source, the market is bifurcated into:

• Organic
• Conventional

Based on type, the industry can be segmented into:

• Sweet Manioc Flour
• Bitter Manioc Flour

By distribution channel, the industry is categorised into:

• Direct Sales
• Indirect Sales

On the basis of application, the industry is divided into:

• Food 
• Feed

Food is further divided on the basis of type into bakery and confectionery, among others.

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand from the Food Industry to Aid the Global Market Growth of Manioc Flour

The market for manioc flour is driven by the rising demand from the food industry for food products such as cassava. The market is further aided by the rising demand due to growing health consciousness among consumers who are being cautious in consuming gluten-free, grain-free, and nut-free products. The manioc flour constitutes all these aforementioned properties, which makes it a favourable flour available in the market, as a result, aiding the market growth. Due to this factor, it has also replaced wheat flour in various products. The product is also used in baking and for commercial purposes. The growing demand for bakery products across the globe is aiding the market growth.

Key Industry Players in the Global Manioc Flour Market

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

• Otto's Naturals 
• Mhogo Foods Limited 
• Bob’s Red Mill Natural Foods 
• Woodland Foods 
• 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