Cassava Market | Global Analysis and Forecast to 2024

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CASSAVA MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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CASSAVA MARKET 2020
Cassava Market 2020 Industry Survey, Growth,
CompetitiveLandscape and Forecasts to 2024
Global Cassava Market is projected to register a
growth rate of 3.2 from 2019 to 2024 to reach a
market value of USD 4.5 billion by the end of
2024. Cassava has a pleasant taste, which makes
its suitable ingredient for various FB products.
Being a gluten-free product it finds application
in health-centric food items. It is increasingly
used in manufacturing animal feed, gluten-free
flour, confectionary products, etc. Moreover, it
is frequently used as a substitute for sucrose in
beverages. Several health benefits associated
with the product make it an extremely marketable
product.
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CASSAVA MARKET 2020
MRFRs study includes a thorough segmental
analysis of the Global Cassava Market on the
basis of form, application and product
type. Based on form, the market has been
segmented into flour, pellets, animal feed,
pearls, chips and others. Of these, chips,
pearls, pellets segment are expected to present
relatively higher market values during the
forecast period. These cassava forms have broad
ranges of application and easier to synthesize.
Based on application, the market has been
segmented into animal feed, food and beverage and
others. The food and beverage (FB) segment
remains highly attractive in terms of revenue.
Cassava is used in various types of FB products,
which characterises the segments important
status. Cassava has high carbohydrate content and
is used in producing gluten-free flour. Apart
from FB, the product is also witnessing growth
in laundry industry due to high starch content.
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CASSAVA MARKET 2020
Regional Analysis
Based on region, the global cassava market has
been segmented into Asia Pacific (APAC), Europe,
North America and rest of the world (RoW). Spain,
Vietnam, Thailand, China and the U.S. are among
the top importers of cassava. Asia Pacific has
emerged as the largest market for cassava. The
product is extremely popular in countries such as
Indonesia, Thailand and China among others. APAC
is followed by North America. The cassava market
in North America is growing at a rapid pace.
Growing popularity of gluten-free carbohydrate
food products among consumers is reflecting
favourably on the regions market.
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CASSAVA MARKET 2020
Application Major Players in this Research

• Cassava Market Prominent Players
• Cargill (U.S.), Tate Lyle (U.K.), Grain
  Millers, Inc. (U.S.), American Key Food Products
  LLC (U.S.), Venus Starch Suppliers (India),
  Parchem fine specialty chemicals (U.S) and
  Ingredion Inc. (U.S.) are some of the prominent
  companies operating in the Global Cassava Market.

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