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The Cassava Market grew from USD 4.32 billion in 2023 to USD 4.61 billion in 2024. It is expected to continue growing at a CAGR of 6.84%, reaching USD 6.87 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Cassava, a starchy root crop, has rapidly emerged as a staple ingredient across multiple industries due to its versatility and affordability. It finds extensive use in food products, animal feed, biofuels, and even biodegradable materials, driven by its high carbohydrate content and ease of cultivation in tropical regions. The necessity for cassava is rooted in its role as a staple food for over 800 million people globally, particularly in Africa, South America, and parts of Asia, where it is crucial for food security. Furthermore, the application of cassava starch in diverse sectors like textiles, pharmaceuticals, and paper continues to broaden its end-use scope. In terms of market growth, key influencers include increasing demand for gluten-free products, technological advancements in cassava processing, and governmental support in promoting cassava agriculture as a sustainable crop. Potential opportunities lie in expanding cassava's utility in creating eco-friendly packaging and its growing popularity as a biofuel feedstock. However, the market faces challenges such as fluctuating environmental conditions, limited shelf stability and economic barriers restricting smallholder farmer participation. To address these, innovation in areas like genetic modification for pest-resistant cassava varieties, and enhancements in storage technologies offers significant potential. Developing efficient supply chain networks and training programs for farmers can also facilitate market growth. The nature of the cassava market is dynamic, characterized by strong regional production with growing international trade. Businesses should explore vertical integration and partnerships with research institutions to innovate within this space. Furthermore, tapping into organic and ethically-produced cassava markets represents an unexplored dimension offering potential business growth. By addressing the supply chain challenges and embracing technological innovations, companies can effectively harness the evolving opportunities in the cassava market.
Understanding Market Dynamics in the Cassava Market
The Cassava Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on 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
Exploring Porter’s Five Forces for the Cassava Market
Porter’s Five Forces framework further strengthens the insights of the Cassava Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Cassava Market
External macro-environmental factors deeply influence the performance of the Cassava Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Cassava Market
The Cassava Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Cassava Market
The Cassava Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Cassava Market
The Cassava Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.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
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Cassava Market, by Product
7. Cassava Market, by Type
8. Cassava Market, by Variety
9. Cassava Market, by End-Use
10. Americas Cassava Market
11. Asia-Pacific Cassava Market
12. Europe, Middle East & Africa Cassava Market
13. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Cassava Market, which are profiled in this report, 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
- Woodland Foods, Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.61 Billion |
| Forecasted Market Value ( USD | $ 6.87 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
