Cassava Market by Product (Cassava Root, Cassava Starch, Dried Cassava Leaves), Type (Conventional, Organic), Variety, End-Use - Global Forecast 2024-2030

Cassava Market by Product (Cassava Root, Cassava Starch, Dried Cassava Leaves), Type (Conventional, Organic), Variety, End-Use - Global Forecast 2024-2030

The Cassava Market size was estimated at USD 4.32 billion in 2023 and expected to reach USD 4.61 billion in 2024, at a CAGR 6.84% to reach USD 6.87 billion by 2030.

Cassava, or manioc, is a tropical root vegetable rich in carbohydrates, which serves as a staple food in many developing countries and a raw material in various industrial applications. The demand for cassava and cassava-derived products is propelled by the consumer preference for gluten-free alternatives and increased integration into animal feed formulations. Moreover, demographic expansions of market vendors in regions reliant on cassava as a critical source of nutrition. Emerging opportunities are shaped by introducing genetically engineered cassava for improved efficiency and resilience, innovations in processing technology, and market expansion into areas seeking sustainable food options. However, the hurdles include susceptibility to climate-related price volatility, post-harvest supply chain inefficiencies, and the perishable nature of cassava. Nevertheless, advancements and research are directed towards developing nutrient-rich cassava strains with longer shelf lives, refining processing methods to broaden industrial applications, implementing sustainable agricultural practices, and value-enhancement of by-products, which are expected to create growth opportunities for the cassava market in the coming years.

Regional Insights

In the Americas, cassava is gaining popularity as a gluten-free alternative and in ethnic cuisines. Investment in the cassava sector is modest but growing, with burgeoning interest in cassava flour and tapioca as food ingredients in conventional and health food sectors has driven the demand for cassava in the Americas. The European Union is witnessing a growing demand for cassava as an industrial raw material and gluten-free products. The EU's consumer purchasing behavior reflects a preference for sustainable and ethically sourced ingredients, raising the call for fair-trade cassava products. With a lesser role in traditional diets, the market for cassava in the Middle East is emerging, primarily driven by the expatriate community and the interest in food diversification. Moreover, the African region, as a significant producer of cassava, focuses on increasing yield, fighting cassava-related diseases, and improving processing techniques to reduce post-harvest losses. Several African countries are at the forefront of cassava research, with patents relating to pest-resistant and high-yield varieties. Asia-Pacific's cassava consumption is predominantly for starch production and animal feed, making it a market driven by industrial needs. In India, cassava is an essential part of local diets in certain regions and is gaining traction as a raw material for starch industries. Moreover, significant investments in improving processing technologies are expected to add value to cassava products.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cassava Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing applications of cassava starch and flour in the food and beverage industry
• Rising awareness and consumer demand for gluten-free products
• Governmental support across several nations for cassava production and processing initiatives

Market Restraints

• Fluctuations in prices of raw cassava and its products due to variable weather conditions

Market Opportunities

• Significant production of cassava starch-based bioplastics
• Proliferating usage of cassava in producing ethanol

Market Challenges

• Post-harvest losses due to perishability and inadequate processing infrastructure

Market Segmentation Analysis

• Product: Rising adoption of cassava starch across diverse end-user industries
• Type: Growing investments toward organic cassava production
• Variety: Increasing use of bitter cassava for industrial purposes
• End-Use: Significant adoption of cassava in food and beverage industries

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cassava Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cassava Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

MoU Spurs Cassava Exports to China

The recent strategic collaboration between Artwell Tapioca Limited and Cambodian entities ID Capital Plc and Advance Digital World Trade, endorsed by the Ministry of Commerce, promises to significantly bolster the direct exports of Cambodian dried cassava to China. This alliance, inspired by the ASEAN-China and Cambodia-China Free Trade Agreements, aims to address the challenges previously faced when exporting through third countries, such as Thailand and Vietnam, by establishing a direct trade corridor within eight years.

New Tapioca Starch from AKFP Holds Up Well in Freeze-Thaw Cycle

American Key Food Products (AKFP) broadened its tapioca offerings by introducing native waxy tapioca starch, a notable innovation in the gluten-free and non-GMO ingredient market. Notably, this versatile starch enhances emulsification in low-fat dressings, imparts a desirable sheen and smoothness to low-fat yogurts, and even extends the shelf life of baked goods such as cheese bread.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cassava Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cassava Market, highlighting leading vendors and their innovative profiles. These include AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Aryan Group, Banpong Tapioca, Cargill Inc., Chol Charoen Group, Chorchaiwat Industry Company Limited, Dadtco Philafrica B.V., Ekta International, Ingredion Incorporated, Keng Seng Group of Companies, Lentus Foods and Agro Ltd., Matna Food Ltd., Mhogo Foods Ltd., Otto's Naturals, Psaltry International Limited, ROI ET Group, Roquette Frères S.A., SPAC Starch Products (India) Private Limited, Sungai Budi Group, TAPIOCA VIETNAM Company, Tate & Lyle PLC, Tereos Group, Thanawat Group, The Dutch Agricultural Development & Trading Company BV, Vedan International (Holdings) Limited, Venus Starch Industries, Visco Starch, and Woodland Foods, Ltd..

Market Segmentation & Coverage

This research report categorizes the Cassava Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Cassava Root
• Cassava Starch
• Dried Cassava Leaves
• Type
• Conventional
• Organic
• Variety
• Bitter Cassava
• Sweet Cassava
• End-Use
• Animal Feed
• Food & Beverage
• Paper Processing

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year