Cassava Market to grow at a CAGR of 4.66% from 2022 to 2027|Increasing demand for cassava-based products is a key driver -Technavio

NEW YORK, July 3, 2023 /PRNewswire/ -- The cassava market size is estimated to grow by USD 44.99 billion during 2022-2027. Also, the growth momentum will be progressing at a CAGR of 4.66% during the forecast period. The market is segmented by application (animal feed, food, and beverage, and industrial), type (flour, chips, pellets, and pearl), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market share growth by the animal feed segment will be significant during the forecast period. Cassava plays a significant role in animal feed production, particularly in developing countries like Africa. It is widely used due to its nutritional content, which includes minerals, proteins, and carbohydrates that are beneficial for animal feed. By-products derived from cassava processing, such as cassava flour, cassava pulp, and cassava husks, are used in animal feed. Notably, the poultry and pork industries in Asia are prominent consumers of cassava animal feed.

Increasing demand for cassava-based products is notably driving the cassava market growth. The rising global population is fueling the need for cassava, a vital food, and ingredient in the food industry. Furthermore, cassava is a versatile crop that finds application in the production of flour, starch, ethanol, and animal feed. The growing demand for ethanol as a biofuel is expected to drive the need for cassava as a raw material in industrial processes. As a result, there is likely to be a higher demand for cassava as an industrial feedstock, specifically for ethanol production. Hence, these factors are expected to drive the growth of the market during the forecast period. Request a sample report

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Cassava Market Insights

• Vendors: 15+, A1Chips and Exports India Pvt. Ltd., American Key Products Inc., Bermudez Group Ltd., Cargill Inc., Cassava Roots, Ciranda Inc., Crest Agro Products Farms, Daleys Fruit Tree Nursery, Flour Mills of Nigeria Plc, Goya Foods Inc., Ingredion Inc., Malt Products Corp., Matna Food Ltd., Ottos Naturals, Plant Snacks LLC, Rancrisp, Sonish Starch Technology Co. Ltd., Tate and Lyle Plc, Tereos Group, and Wai Lana Productions LLC
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (animal feed, food, and beverage, and industrial), Type (flour, chips, pellets, and pearl), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Cassava Market - Vendor Insights

• The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - A1Chips and Exports India Pvt. Ltd., American Key Products Inc., Bermudez Group Ltd., Cargill Inc., Cassava Roots, Ciranda Inc., Crest Agro Products Farms, Daleys Fruit Tree Nursery, Flour Mills of Nigeria Plc, Goya Foods Inc., Ingredion Inc., Malt Products Corp., Matna Food Ltd., Ottos Naturals, Plant Snacks LLC, Rancrisp, Sonish Starch Technology Co. Ltd., Tate and Lyle Plc, Tereos Group, and Wai Lana Productions LLC

Cassava Market – Market Dynamics

Major Trends 

• Growing demand from emerging economies is a major trend in the market.
• One of the significant market trends is the rising demand for cassava products in several developing nations, primarily in Africa, Asia, and Latin America.
• The increased demand for cassava is driven by its utilization as a food source and raw material in industries like food and packaging.
• Factors such as population growth, urbanization, and evolving dietary preferences contribute to the growing demand for cassava in these regions.
• The expanding middle class and their changing consumption patterns have also played a role in the increased popularity of cassava products like cassava cakes, cassava balls, pizza, and pancakes.
• Hence, these factors are expected to drive the market during the forecast period.

Significant Challenges

• The threat from pests and diseases is challenging the cassava market's growth.
• Pests and diseases pose a significant threat to cassava plants, including cassava smithereens, brown streaks, and cassava mosaics, resulting in decreased yields and lower quality.
• Controlling these pests and diseases can be challenging and expensive for farmers, particularly in developing countries where resources for pest and disease control are limited.
• The presence of pests and diseases in cassava crops can also restrict the quantity of cassava available for international trade.
• Overcoming these challenges entails the development of effective strategies for disease and pest control in cassava cultivation and allocating more research and development funds to address these issues.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What are the key data covered in this Cassava Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the cassava market between 2023 and 2027
• Precise estimation of the size of the cassava market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the cassava market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of cassava market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cassava market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global cassava market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Animal feed - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Animal feed - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Animal feed - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Animal feed - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Animal feed - Year-over-year growth 2022-2027 (%)

• 6.4 Food and beverage - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Food and beverage - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 6.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ billion)
• Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Flour - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Flour - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Flour - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Flour - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Flour - Year-over-year growth 2022-2027 (%)

• 7.4 Chips - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Chips - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Chips - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Chips - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Chips - Year-over-year growth 2022-2027 (%)

• 7.5 Pellets - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Pellets - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Pellets - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Pellets - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Pellets - Year-over-year growth 2022-2027 (%)

• 7.6 Pearl - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Pearl - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Pearl - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Pearl - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Pearl - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ billion)
• Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 India - Market size and forecast 2022-2027 
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Thailand - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Thailand - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Thailand - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Thailand - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Thailand - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Indonesia - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Indonesia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Indonesia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 American Key Products Inc. 
• Exhibit 123: American Key Products Inc. - Overview
• Exhibit 124: American Key Products Inc. - Product / Service
• Exhibit 125: American Key Products Inc. - Key offerings

• 12.4 Bermudez Group Ltd.
• Exhibit 126: Bermudez Group Ltd. - Overview
• Exhibit 127: Bermudez Group Ltd. - Product / Service
• Exhibit 128: Bermudez Group Ltd. - Key offerings

• 12.5 Cargill Inc.
• Exhibit 129: Cargill Inc. - Overview
• Exhibit 130: Cargill Inc. - Product / Service
• Exhibit 131: Cargill Inc. - Key news
• Exhibit 132: Cargill Inc. - Key offerings

• 12.6 Ciranda Inc.
• Exhibit 133: Ciranda Inc. - Overview
• Exhibit 134: Ciranda Inc. - Product / Service
• Exhibit 135: Ciranda Inc. - Key offerings

• 12.7 Crest Agro Products Farms 
• Exhibit 136: Crest Agro Products Farms - Overview
• Exhibit 137: Crest Agro Products Farms - Product / Service
• Exhibit 138: Crest Agro Products Farms - Key offerings

• 12.8 Daleys Fruit Tree Nursery 
• Exhibit 139: Daleys Fruit Tree Nursery - Overview
• Exhibit 140: Daleys Fruit Tree Nursery - Product / Service
• Exhibit 141: Daleys Fruit Tree Nursery - Key offerings

• 12.9 Flour Mills of Nigeria Plc 
• Exhibit 142: Flour Mills of Nigeria Plc - Overview
• Exhibit 143: Flour Mills of Nigeria Plc - Business segments
• Exhibit 144: Flour Mills of Nigeria Plc - Key offerings
• Exhibit 145: Flour Mills of Nigeria Plc - Segment focus

• 12.10 Goya Foods Inc.
• Exhibit 146: Goya Foods Inc. - Overview
• Exhibit 147: Goya Foods Inc. - Product / Service
• Exhibit 148: Goya Foods Inc. - Key offerings

• 12.11 Ingredion Inc.
• Exhibit 149: Ingredion Inc. - Overview
• Exhibit 150: Ingredion Inc. - Business segments
• Exhibit 151: Ingredion Inc. - Key news
• Exhibit 152: Ingredion Inc. - Key offerings
• Exhibit 153: Ingredion Inc. - Segment focus

• 12.12 Malt Products Corp.
• Exhibit 154: Malt Products Corp. - Overview
• Exhibit 155: Malt Products Corp. - Product / Service
• Exhibit 156: Malt Products Corp. - Key offerings

• 12.13 Matna Food Ltd.
• Exhibit 157: Matna Food Ltd. - Overview
• Exhibit 158: Matna Food Ltd. - Product / Service
• Exhibit 159: Matna Food Ltd. - Key offerings

• 12.14 Ottos Naturals
• Exhibit 160: Ottos Naturals - Overview
• Exhibit 161: Ottos Naturals - Product / Service
• Exhibit 162: Ottos Naturals - Key offerings

• 12.15 Tate and Lyle Plc
• Exhibit 163: Tate and Lyle Plc - Overview
• Exhibit 164: Tate and Lyle Plc - Business segments
• Exhibit 165: Tate and Lyle Plc - Key news
• Exhibit 166: Tate and Lyle Plc - Key offerings
• Exhibit 167: Tate and Lyle Plc - Segment focus

• 12.16 Tereos Group
• Exhibit 168: Tereos Group - Overview
• Exhibit 169: Tereos Group - Business segments
• Exhibit 170: Tereos Group - Key offerings
• Exhibit 171: Tereos Group - Segment focus

• 12.17 Wai Lana Productions LLC
• Exhibit 172: Wai Lana Productions LLC - Overview
• Exhibit 173: Wai Lana Productions LLC - Product / Service
• Exhibit 174: Wai Lana Productions LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 175: Inclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations
• Exhibit 180: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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