According to IMARC Group’s latest report, titled “Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global cassava processing market size reached 311.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 357.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.17% during 2023-2028.
Cassava is a tropical plant, which consists of various components, including roots, leaves, and stems, that can be prepared into several food products. As its fresh version contains harmful cyanogenic glucosides, the cassava requires to undergo intensive processing procedures. It involves a combination of drying, cooking, and fermentation as some of the standard techniques that improve their shelf life, enhance resilience, decrease weight, and increase the overall product value. As a result, processed cassava is prepared in the form of chips, pellets, flour, and starch for consumption purposes. Apart from this, it is widely utilized in a variety of sectors, such as milk, fertilizer, paper and carton, textiles, medicine, glues, and adhesives.
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Cassava Processing Market Trends:
The increasing demand for processed cassava in the food and beverage (F&B) industry for the preparation of diverse edible meals is primarily driving the market growth. Such products find extensive applications in soups, sauces, baby foods, and gravies as a thickener and are used in the production of confectioneries, including gums and sweets. Additionally, the large-scale processing of cassava into a variety of ready-to-eat (RTE) items, which is frequently consumed by consumers with hectic lifestyle schedule, is favoring the market growth. Moreover, cassava’s widespread usage in the textile sector as a stiffening agent and the rising product demand from the feed sector is propelling the cassava processing market growth. Besides this, significant technological advancements in cassava drying technologies by manufacturers to optimize cassava processing procedure efficiency are positively contributing the market growth.
Cassava Processing Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the cassava processing market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Avebe U.A.,
- Global Bio-Chem Technology Group,
- Emsland Group,
- Cargill Incorporated
- Ingredion.
Key Market Segmentation:
The report has segmented the cassava processing market on the basis of breakup by end-use and region.
Breakup by End-Use:
- Food Industry
- Feed Industry
- Others
Breakup by Region:
- Nigeria
- Thailand
- Indonesia
- Brazil
- Ghana
- Congo
- Others
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, deployment, enterprises and region
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Market
- Strategies of major players and product offerings
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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