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Cassava Processing Market Report and Forecast 2024-2032

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    Report

  • 190 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921441
According to the report, the global cassava processing market grew significantly in 2023. Aided by the escalating demand for alternative sources of energy, starch, and dietary requirements, coupled with cassava's growing applications across diverse sectors, the market is projected to attain a healthy growth between 2024 and 2032.

Cassava, a tropical root vegetable, is highly regarded for its starch-rich content and resilience to challenging agricultural conditions. It stands as a primary dietary staple in several countries and is a crucial industrial raw material. Cassava undergoes various processing forms to yield products such as tapioca, cassava flour, ethanol, and animal feed. It has earned its accolades not only as a versatile food source but also as a vital player in biofuel production, textile, paper, and pharmaceutical industries.

The mounting demand for gluten-free food products is a robust propellant for the cassava processing market growth. As awareness about celiac disease and gluten sensitivities amplifies globally, there's a notable tilt towards gluten-free diets. Cassava flour, being naturally gluten-free, emerges as a sought-after alternative for traditional wheat flour. Its versatility in baking and cooking has bolstered its acceptance among consumers and culinary experts alike.

Biofuel production stands as another pivotal driver for cassava processing. As the global emphasis on renewable energy sources strengthens, cassava-based ethanol is increasingly being recognised for its potential as a sustainable biofuel. Its lower greenhouse gas emissions, as compared to conventional fuels, make it an environment-friendly option, thereby enhancing the cassava processing market demand.

Additionally, the textile and paper industries are tapping into cassava's potential. The starch derived from cassava serves as an essential ingredient in textile sizing and finishing and paper manufacturing. It plays an indispensable role in improving the fabric's texture and the paper's whiteness and printability.

However, the applications don't end there. The pharmaceutical sector also recognises cassava starch as a valuable excipient. It functions as a binder and disintegrant in tablet formulations, highlighting its multifaceted industrial applications.

The growing awareness of sustainable and organic farming methods further influences the cassava processing market outlook. Given its ability to thrive in suboptimal soil conditions with minimal water requirements, cassava emerges as a sustainable crop option. This resilience positions it as a preferred choice among farmers, especially in regions grappling with water scarcity and challenging soil conditions.

Market Segmentation

The market can be divided based on product type, end use, and region.

Market Breakup by Product Type

  • Cassava Starch
  • Cassava Flour
  • Cassava Chips
  • Cassava Derived Ethanol

Market Breakup by End Use

  • Food Industry
  • Feed Industry
  • Industrial
  • Biodegradable Products
  • Biofuel
  • Paper
  • Textile
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cassava processing market. Some of the major players explored in the report are as follows:
  • Ingredion Incorporated
  • Tereos S.A.
  • Sonish Starch Technology
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cassava Processing Market Analysis
8.1 Key Industry Highlights
8.2 Global Cassava Processing Historical Market (2018-2023)
8.3 Global Cassava Processing Market Forecast (2024-2032)
8.4 Global Cassava Processing Market by Product Type
8.4.1 Cassava Starch
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cassava Flour
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cassava Chips
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Cassava Derived Ethanol
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Cassava Processing Market by End Use
8.5.1 Food Industry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Feed Industry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.3.4 Breakup by Type
8.5.3.4.1 Biodegradable Products
8.5.3.4.2 Biofuel
8.5.3.4.3 Paper
8.5.3.4.4 Textile
8.5.3.4.5 Others
8.6 Global Cassava Processing Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.1.4 Market by Application
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.2.4 Market by Application
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Thailand
9.3.3.6 Australia
9.3.3.7 Others
9.3.4 Market by Application
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.4.4 Market by Application
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
9.5.4 Market by Application
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Setting Up a Cassava Processing Plant
13.1 Key Success and Risk Factors for Processing Cassava
13.2 Products Manufactured
13.3 Value Chain Analysis
13.4 Manufacturing Process Involved
13.5 Process Flow
13.6 Raw Material Requirements and Mass Balance
14 Capital Investment
14.1 Land Requirements and Investment
14.2 Construction Requirements and Investment
14.3 Plant Layout
14.4 Machinery Requirements and Investment
14.5 Other Capital Requirements and Investment
15 Operating Expenditures
15.1 Raw Material Requirements and Expenditures
15.2 Packaging Requirements and Costs
15.3 Labour Requirements and Costs
15.4 Transportation Requirements and Costs
15.5 Utility Requirements and Costs
15.6 Financial Support
15.7 Other Operating Expenditures
16 Project Economics
16.1 Techno-Economic Parameters
16.2 Product Pricing and Margins
16.3 Income Projections
16.4 Expenditure Projections
16.5 Taxation
16.6 Depreciation
16.7 Financial Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players' Market Share
17.3 Company Profiles
17.3.1 Ingredion Incorporated
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
17.3.2 Tereos S.A.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Financial Summary
17.3.2.5 Certifications
17.3.3 Sonish Starch Technology
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Financial Summary
17.3.3.5 Certifications
17.3.4 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Cassava Processing Market: Key Industry Highlights, 2018 and 2032
2. Global Cassava Processing Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Cassava Processing Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Cassava Processing Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Cassava Processing Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Cassava Processing Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Cassava Processing Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. North America Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
11. North America Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Europe Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
15. Europe Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
16. Asia Pacific Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
19. Asia Pacific Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
20. Latin America Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Latin America Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
23. Latin America Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
24. Middle East and Africa Cassava Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Middle East and Africa Cassava Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Middle East and Africa Cassava Processing Historical Market: Breakup by Application (USD Billion), 2018-2023
27. Middle East and Africa Cassava Processing Market Forecast: Breakup by Application (USD Billion), 2024-2032
28. Major Importing Countries by Volume (2020)
29. Major Exporting Countries by Volume (2020)
30. Major Importing Countries by Value (2020)
31. Major Exporting Countries by Value (2020)
32. Global Cassava Processing Market Structure

Companies Mentioned

  • Ingredion Incorporated
  • Tereos S.A.
  • Sonish Starch Technology

Methodology

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