Cassava Market Size, Share, Growth, and Industry Analysis, By Type (Flour, Chips, Pellets and Pearls), By Application (Food and Beverage, Industrial, Animal Feed and Others), and Regional Insights and Forecast To 2032

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CASSAVA MARKET OVERVIEW

The Cassava Market size valued at USD 0.84 billion in 2024 and is expected to reach USD 1.56 billion by 2032, growing at a compound annual growth rate (CAGR) of 8% from 2024 to 2032.

An increasing cassava demand for consumption in foods, animal feeds, and different industries makes the market for cassava produce across the globe grow. It is an important staple food, tuber crops especially in Africa, Asia and Latin American countries and is a good source. It is turned into products such as tapioca, flour and starch and there is increasing market interest for gluten-free and grain substitutes. Higher awareness about bio-fuels that are environment friendly also helps drive the market, ethanol derived from cassava has found considerable demand in places like Thailand and Vietnam.

But the market has challenges such as pest and disease attacks as well as vulnerability to climate change. However, large scale production is still predominant in tropical areas; supply chains are affected by issues such as mobility, blends’ instability, and import/export restrictions. Measures to enhance production and processing productivity remains a priority now through governmental and private support to secure production and feed the growing world demand.

COVID-19 IMPACT

Cassava Industry Had a positive effect as cassava is a staple crop in many developing regions during COVID-19 Pandemic

The COVID-19 pandemic affected the cassava market in a somewhat mixed way. Firstly, it affected supply chain in the global market and affected the transportation and exportation of cassava. This had a huge influence on significant producing regions such an Africa and Asia where COVID-19 restriction to movement impacted on farming, harvesting and also processing. Smallholder farmers who dominate the cassava value chain had challenges in market accessibility, while challenges in labor supply contributed to high costs of production.

However, the demand for the cassava and its products increased especially in the food industry because cassava is among the most produced staple crops in many developing countries. Moreover, the development of gluten-free and affordable food along with the growing demand for products including cassava flour and starch contributed to its demand. It also exposed the need for better supply chains and storage facilities as well as value chain boosting of groups of small farmers in order to build efficient and sustainable cassava markets against the next shocks.

LATEST TREND

Growing Demand for Gluten-Free Products to Drive Market Growth

One of the strong trends that have been observed in the cassava market is the trends towards GF and CL products. Health wise, people are always running after natural and least processed foods this makes cassava products more preferred. It is mainly pushing producers to improve the quality of cassava products and, in particular, their application in the food and beverages industry. Moreover, new markets are emerging from the use of cassava in bio-energy/fuels and as animal feed base on its cost advantages of planting and its high starchy produce.

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CASSAVA MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Flour, Chips, Pellets and Pearls

• Flour: Cassava flour is produced through the milling of dried cassava roots and is used in gluten free baking. It can be used, for instance, as a replacement for wheat flour in numerous recipes offering neither taste nor texture interference.

• Chips: Cassava chips are scores as thin slices, and they are mainly served fried or baked as a snack. They are known to be crispy and can be consumed as an alternative to potato chips as they don’t contain gluten​.

• Pellets: Cassava pellets are chopped into small round shapes and it is used in feeds or as input to other industries such as biopolymer plastics. They are well understood to have a very high starch level​.

• Pearls: Cassava pearls are small non-spherical structures developed after cassava starchy materials undergo processing. These products are common in culinary and as a thickening agent in various recipes especially in Asian and Africans food.

By Application

Based on application, the global market can be categorized into Food and Beverage, Industrial, Animal Feed and Others

• Food and Beverage: Cassava serves in numerous food and beverages products as a flour for erosion, starch for congealing, and as chips for snacking. It holds excellent baking quality and is gluten-free making it ideal for use in gluten-free products such as breads, pasta and pastries.

• Industrial: For its parts, in industries, cassava is applied to the creation of biofuels, biodegradable plastics, and adhesive. Due to high starch composition it becomes good raw material for different green industrial applications.

• Animal Feed: Due to the nutritional value, cassava is also being used animal feed as it serves as an ideal high-energy feed. It is particularly important to areas where other feed inputs such as maize are costly or less accessible.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Cost-Effectiveness and High Starch Content to Boost the Market

A factor in the cassava market growth is the Cost-Effectiveness and High Starch Content. When managing cassava, the amount of starch obtained per hectare it’s higher compared to other staple crops such as maize or rice and this makes cassava more advantageous for both food and industrial purposes. This efficiency in production reduces costs to Food processing, bio fuel producers, animal feed producers and manufacturers.

Technological Advancements to Expand the Market

New developments in action technologies, for instance, enzymatic processes of starch extraction in cassava, have boosted product quality in addition to the related uses. These has assisted in increasing competitiveness rating and to meet rising demand across industry such as food and bio fuels. Most cassava based country’s government is extending support to cultivation and processing activities which augments market supply. Also, the crop grows well in the tropical region, hence making it to be grown in the emerging markets thus triggering growth.

Restraining Factor

Post-Harvest Losses to Potentially Impede Market Growth

Cassava crops are susceptible to several diseases and pests including cassava mosaic disease and cassava mealy bug which compromises its yield and quality. These challenges need sophisticated pest control methods and disease resistant type of plants in order to maintain production. Cassava is also very perishable, any delay in processing could lead to significant post harvest losses. This is due to inadequate post-harvest handling infrastructure such as storage facilities hence the quantity of cassava harvested available in the market for processing is limited.

Opportunity

Demand for sustainable and eco-friendly products to Create Opportunity for the Product in the Market

In our case, one major opportunity of the cassava market can be pegged on the rising concern of environmentally sustainable products. As more attention is paid to limiting emissions of carbon dioxide, cassava is gaining popularity as a base for making biofuels, biodegradable polymers, and other related products. A change in the consumption trends towards sustainable industrial products alongside the cassava affordability make it a perfect product for development especially in the industrial and bio-energy markets.

Challenge

Vulnerability to climate change Could Be a Potential Challenge for Consumers

One of the primary concerns for cassava in the future is its sensitivity to the climatic changes. Depending on the kind of climate it is a crop that is very sensitive to changes in the weather hence when there are changes in rainfall, temperature or the number of times that extreme weather is experienced crops yields get affected. This could cause unnecessary uncertainties in the supply chain and inflations that would prove detrimental to stability within long-term markets​

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CASSAVA MARKET REGIONAL INSIGHTS

• North America

North America is the fastest-growing region in this market. The United States cassava market has been growing exponentially owing to multiple reasons. In the North American region which includes the USA and Canada the market for cassava products is growing because of the growing emphasis on gluten free foods and beverages and clean label products. The players in cassava processed products such as Cargill and Ingredion are using improved processing technologies to produce food, beverage and industrial cassava derivatives. The growing concern on healthy living particularly in the Americas especially the U.S is also boosting the uptake of cassava based products such as the flour, starch and snacks.

• Europe

Although cassava is already consumed in Europe, it is still fairly new there, especially for its gluten-free and industrial purposes. The increase in demand for vegan food and demands towards boosting sustainable production is key to the use of cassava in products such as bio-fuels and biodegradable plastics. Moreover, European companies are paying much attention towards using cassava as another source of processing starch in food processing industries and other applications.

• Asia

Currently, Asia is the largest producer and consumer of cassava more so from Thailand, Vietnam, and Indonesia. The crop is commonly used both in the food industry, in which cassava is incorporated into snacks, among other products, and in the creation of industrial goods including biofuel. Optimum weather conditions, increased capital in processing facilities have catapulted Asia to the domestic and export frontiers, broadening cassava uses​.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Key industry players are shaping the cassava marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the cassava market.

List of Top Cassava Companies

• Cargill [U.S.]
• Ingredion [U.S.]
• Tate & Lyle [U.K.]
• Grain Millers [U.S.]

KEY INDUSTRY DEVELOPMENT

July 2023: American Key Products launched a new product: AKP Cassava Flour. Created to target the growing market of gluten-free baking ingredients, this product emphasizes convenience and quality, while the American consumer’s demand for clean and allergen foods is also taken into account​. This is in line with the general practice of including cassava within other heath wise products across the globe.

REPORT COVERAGE

The study offers a detailed SWOT analysis and provides valuable insights into future developments within the market. It explores various factors driving market growth, examining a broad range of market segments and potential applications that may shape its trajectory in the coming years. The analysis considers both current trends and historical milestones to provide a comprehensive understanding of the market dynamics, highlighting potential growth areas.

The cassava market is poised for significant growth, driven by evolving consumer preferences, rising demand across various applications, and ongoing innovation in product offerings. Although challenges such as limited raw material availability and higher costs may arise, the market's expansion is supported by increasing interest in specialized solutions and quality improvements. Key industry players are advancing through technological advancements and strategic expansions, enhancing both supply and market reach. As market dynamics shift and demand for diverse options increases, the cassava market is expected to thrive, with continuous innovation and broader adoption fueling its future trajectory.