Cassava Market: Global Industry Analysis and Forecast (2024-2030)

Cassava Market Overview

The cassava root is the edible, starchy tuberous root of the Manihot esculenta plant. It is a staple food crop in many tropical regions, where it is consumed fresh, processed into flour, chips, or starch, and used in various traditional dishes. Also, it is utilized in industrial applications such as animal feed and biofuel production. Cassava is a good source of resistant starch, which supports gut health and blood sugar management. It also contains vitamin C, a key micronutrient that can enhance immune function, collagen production, and enhances immunity.

The Global Cassava Market research report contains historical data, current market trends, product consumption, environmental factors, technological innovation forecasts, upcoming technologies, and technical progress in the related industry. It categorizes the global data by manufacturer, region, type, and application. Additionally, the report analyzes market status, market share, growth rate, future trends, drivers, opportunities, challenges, risks, entry barriers, sales channels, and distributors. The report also outlines the potential of the Cassava market. It combines extensive quantitative analysis and exhaustive qualitative analysis, providing a deep insight into the Cassava market, covering all its essential aspects, from macro overview to micro details of segment markets by type, application, and region.

• Nigeria is the world's largest manufacturer of cassava, while Thailand is the largest exporter of cassava starch.
• Indonesia, Thailand, China, and Vietnam are also the key cassava producers in the region. They also produce lightweight cassava bags, which they export globally.

• In March 2022, the total value of domestic and export sales of cassava starch produced in Thailand amounted to approximately 7.52 billion Thai baht.

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Cassava Market Dynamics

Rising urbanization with increasing demand for cassava-based products

A growing global population creates an ongoing demand for reliable and affordable food sources, leading to increased need for cassava as a high-calorie crop. As individuals migrate to urban areas, their dietary preferences shift towards convenient food options. Cassava is used in various industries, including food, animal feed, and biofuels. The growing demand for sustainable and renewable energy sources drives the use of cassava-derived ethanol as an industrial feedstock. Changing consumer preferences and the growing middle class in emerging economies have increased the demand for Cassava Market with products such as cakes, balls, pizza, and pancakes. Sweeteners produced from cassava starch are gaining popularity owing to their natural properties and low-calorie content.

Cassava flour can be a gluten-free alternative in various food products. The rise of functional foods with added nutritional or health-promoting properties creates a demand for cassava derivatives like cassava starch, which can be used as a thickener or bulking agent. The rising food demand is driving the cultivation and production of cassava. The rising importance of sustainability for businesses lies in their desire to appeal to environmentally conscious consumers and stand out in the market. This change in focus signifies a growing awareness of the need to conserve natural resources and minimize carbon emissions.

Cassava Market Restraints:  

Short shelf life and Threats from pests and diseases are challenges hindering the cassava market growth.

The cassava market faces several challenges that hinder its growth and development. Cassava crops are vulnerable to diseases and pests, such as viral diseases like cassava mosaic disease and cassava brown streak disease, as well as pests like whiteflies and mealy bugs. These pathogens and pests can cause significant yield losses, affecting the overall supply and quality of cassava roots. Another major restraint is the perishable nature of fresh cassava roots. Cassava roots have a short shelf life and must be processed or consumed within a few days after harvesting to prevent spoilage. This perishability poses challenges in transportation and storage, limiting the geographical reach of the cassava market and increasing post-harvest losses.

Limited availability of improved varieties and advanced cultivation techniques. Many farmers, particularly in developing countries, depend on traditional cassava varieties and farming practices, resulting in lower yields and productivity. he access to superior cassava strains, fertilizers, and contemporary agricultural methods is frequently restricted, which hampers the potential for increased cassava production.

Opportunities:

Cassava Market Segment Analysis

Based on the Form, the Solid form segment held the largest market share of about 49.1% in the Cassava Market in 2023. According to the SMR analysis, the segment is expected to grow at a CAGR of 3.8 % during the forecast period and maintain its dominance till 2030. The solid form segment which includes products like dried cassava chips, pellets, and flour has a significantly longer shelf life compared to fresh cassava roots or liquid products. The extended shelf life of solid forms of cassava, such as flour and starch, makes them easier to store, transport, and distribute over longer distances, increasing their commercial viability. Solid forms of cassava, particularly flour and starch, have a wide range of applications across various industries, including food and beverages, animal feed, pharmaceuticals, and industrial uses. This versatility drives a higher demand for solid cassava products.

• A 3.5-ounce (100-gram) serving of cooked cassava root contains 191 calories. About 84% of the calories come from carbohydrates, while the remainder comes from protein and fat.

Cassava Market Regional Analysis

Asia Pacific region has dominated the Cassava Market, which held the largest market share accounting for 56.40% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. The Asia-Pacific region has a large population that depends on cassava as a staple food crop and an important source of carbohydrates. Cassava is widely consumed in various forms, such as fresh roots, processed products (chips, flour, starch), and traditional dishes, Rising populations in the region create a constant demand for cassava as a food source, driving significant domestic demand within the region.

Many countries have suitable land for large-scale cassava production. Some countries in the Asia-Pacific region, especially Thailand and Vietnam, are significant exporters of cassava products, including dried chips, pellets, and starch. These exports are fueled by the demand from international markets, particularly in China, the European Union, and other regions where cassava is utilized in various industries such as animal feed, food processing, and biofuel production.

• China is a major producer of cassava, with increasing domestic consumption and industrial applications.
• Thailand is the world's largest exporter of cassava starch, promoting its robust processing industry and well-established export channels.

South America represents a mature market for the Cassava industry, holding a market share of XX% and experiencing significant growth during its forecast period. The cultivation of cassava is an integral part of traditional agricultural practices and culinary traditions in many South American countries, including Brazil, Colombia, Peru, and Venezuela. The warm temperatures, abundant rainfall, and fertile soils provide an ideal environment for cassava growth, allowing for widespread cultivation across the continent.In South America, many research institutions and universities are dedicated to improving cassava cultivation techniques, developing disease-resistant varieties, and finding new uses for cassava products. This research is crucial for promoting the sustainability and growth of the cassava industry in the region.

Cassava Market Competitive Landscape

The competitive landscape of the Cassava Market is constantly evolving, with leading players emerging and established players adapting their strategies. A key Company's strategy is its constant commitment to research and development (R&D) to maintain a leading position in technological development. The competitive landscape of the Cassava market includes a mix of established companies focusing on research and development to enhance efficiency and performance. Product launches have been an important strategic step for the major players in the Cassava market to remain competitive in the global market.

The key players in the Cassava market are Grain Millers, Inc., Woodland Foods, Mhogo Foods Ltd., Otto's Naturals, Venus Starch Industries, Psaltry International Company Limited, COFCO Corporation, Cargill, and Tereos Group. These companies employ strategies like product/service launches, acquisitions, partnerships, and collaborations to strengthen their market presence. The market is characterized by technological advancements, government regulations, and consumer demand for healthy and natural food products, driving the Cassava industry's growth.

1. In 2023, Roquette Frères, known for its innovation in starches and bio-ingredients, might have launched new cassava-based products and it have announced advancements in sustainable cassava processing methods or introduced eco-friendly cassava derivatives.
2. In February 2024, Cargill made an undisclosed investment in the Glasgow-based alternative protein startup ENOUGH as an additional contribution to its new series C funding round. Additionally, Cargill signed business agreements to use and promote ENOUGH's 'ABUNDA' mycoprotein.

Key Player in the Cassava Market

1. Grain Millers, Inc. (U.S.)
2. Thai Wah Public Company Limited (Thailand)
3. Otto's Naturals (New Jersey)
4. Parchem fine & specialty chemicals (U.S.)
5. Archer Daniels Midland Company.(AMD) (U.S.)
6. Agrideco Vietnam Co., Ltd. (Vietnam)
7. Buhler AG (Switzerland)
8. Ingredion Incorporated  (U.S.)
9. American Key Food Products Inc. (U.S.)
10. Psaltry International Limited (Nigeria)
11. Dadtco Philafrica B.V. (Netherlands)
12. Roquette Frères (France)
13. Woodland Foods (U.S.)
14. Mhogo Foods Ltd. (Kenya)
15. Otto's Naturals (New Jersey)
16. Venus Starch Industries (India)
17. Psaltry International Company Limited (Nigeria)
18. COFCO Corporation (China)
19. Cargill, Incorporated (U.S.)
20. Avebe U.A. (Netherlands)
21. Penford Corporation  (U.S.)
22. Tereos Group (France)
23. AGRANA Beteiligungs-AG (Austria)
24. KMC (Kartoffelmelcentralen) (Denmark)
25. Emsland Group (Germany)
26. Nihon Shokuhin Kako Co., Ltd. (Japan)
27. Anhui AAA Agricultural Technology Co., Ltd. (China)