Liberia Cassava Market Research Report Information by Category (Organic and Regular), by Application (Food & Beverage, Animal Feed and Others), by Type (Sweet & Bitter), by End Use (Residential and Commercial Segments), by Distribution Channel (Store Base

Liberia Cassava Market Research Report Information by Category (Organic and Regular), by Application (Food & Beverage, Animal Feed and Others), by Type (Sweet & Bitter), by End Use (Residential and Commercial Segments), by Distribution Channel (Store Based and Non-store Based) Industry Forecast to 2032

The Liberia Cassava market is anticipated to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 5.17%. It is anticipated that the market will attain a value of USD 297.77 million by the conclusion of the forecast period (2024-2032), with an estimated value of USD 189.59 million in 2023.

Cassava is the second most frequently consumed staple food crop in Liberia, but it is the first staple-protein food ingested in the country, requiring the consumption of roots and leaves. The cultivated area varies significantly by country, despite the fact that it is growing throughout the nation. In Liberia, more than 60% of agricultural households cultivate cassava. The Liberia Cassava market has experienced significant development in recent years, particularly due to the growing demand for cassava in the food and beverage industry. This change can be attributed to the increasing awareness of health concerns among consumers who are in search of staple sustenance. Cassava starch is a critical component of the food and beverage industry, with a market share of 64.12% by value in the Liberia Cassava Market. It is anticipated to expand at a compound annual growth rate (CAGR) of 5.88%, with a target of USD 203.09 million by 2024. The primary foods that incorporate cassava starch are baked goods, dairy products, and nibble foods. Cereals and snacks are among the most significant foods consumed. Cassava starch is employed by food manufacturers to enhance the quality of nibble foods and cereal products.

Cassava starch is also employed as a water binder and texture enhancer to facilitate the desired viscosity of nibble foods. Cassava starch is highly suitable for the production of a diverse array of cereal products and nibble foods due to its high viscosity, binding, and water retention. As the demand for hot-extruded snack foods, pretzels, fried foods, and ready-to-eat cereals increases, the cassava flour market will benefit. In addition, cassava flour is employed as a sweetener in numerous processed foods. Similarly, cassava flour is employed in pastry kitchens and confectionaries and is expected to experience a compound annual growth rate (CAGR) of 3.65%, resulting in a market value of USD 51.17 million by the conclusion of 2032. Cassava flour is frequently combined with wheat flour in a variety of ways in the bakery, which enhances the nutritional value of pastry culinary items.

Market Segmentation
The market is divided into two categories: organic and conventional. The market is segmented into food & beverage, animal feed, and others based on the application.
The Liberia cassava market is divided into two categories: sweet and astringent. The confectionery segment is the dominant segment in the market, with a market value of USD 279.73 Million by the end of 2032. The cassava market is divided into residential and commercial segments based on its ultimate use.
The distribution channel of the Liberian cassava market is divided into two categories: store-based and non-store-based.

Major Players
Niji Group, JR Farms Limited, Psaltry International Company Limited, and PremierCon Starch Company Ltd. (PSZL) are the primary market participants in the Liberia cassava market.