Cassava Market by Product, Type, Variety, End-Use

List of Tables

The Cassava Market was valued at USD 4.32 billion in 2023, expected to reach USD 4.61 billion in 2024, and is projected to grow at a CAGR of 6.84%, to USD 6.87 billion by 2030.

Cassava, a staple root crop primarily grown in tropical and subtropical regions, holds significant market potential due to its versatility in both food and industrial applications. The necessity for cassava arises from its role as a major food security crop, especially in regions prone to cereal crop failures. Additionally, as a key source of carbohydrates, it can be utilized in various forms, from fresh consumption to processed products such as flour and biofuels. The end-use scope of cassava extends beyond traditional consumption to innovative applications in pharmaceuticals and as a biodegradable material, addressing environmental concerns. Key growth factors include rising demand in developing regions, innovations in cultivation techniques enhancing yield, and expanding awareness about its health benefits. Opportunities arise from ongoing research into cassava's potential as a gluten-free ingredient and its application in the production of renewable resources like bioplastics. However, market growth is challenged by susceptibility to pests and diseases, the impact of climate change on crop yield, and logistical challenges in supply chains, particularly in remote agricultural areas. Encouraging investments in pest-resistant cassava varieties and enhancing infrastructure can mitigate these challenges. The market's innovative potential lies in biofortification-improving nutritional content-and developing derivatives like tapioca pearls for diverse culinary uses. Exploring cassava's applicability in ethanol production also presents an avenue for renewable energy. The market is highly dependent on regional cultivation practices and governmental policies that affect production and distribution. Staying abreast of technological advances and fostering collaborations between agricultural researchers and industry stakeholders is crucial for tapping into its full market potential. With appropriate focus and investment, cassava can significantly contribute to sustainable agricultural development and economic diversification in emerging economies.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.32 billion
Estimated Year [2024]	USD 4.61 billion
Forecast Year [2030]	USD 6.87 billion
CAGR (%)	6.84%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Cassava Market

The Cassava Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Cassava Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Cassava Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Cassava Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Cassava Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Cassava Market

A detailed market share analysis in the Cassava Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Cassava Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Cassava Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Cassava Market

A strategic analysis of the Cassava Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive 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 Freres 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:

Based on Product, market is studied across Cassava Root, Cassava Starch, and Dried Cassava Leaves.
Based on Type, market is studied across Conventional and Organic.
Based on Variety, market is studied across Bitter Cassava and Sweet Cassava.
Based on End-Use, market is studied across Animal Feed, Food & Beverage, and Paper Processing.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-BB4648AFF301

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing applications of cassava starch and flour in the food and beverage industry
  - 5.1.1.2. Rising awareness and consumer demand for gluten-free products
  - 5.1.1.3. Governmental support across several nations for cassava production and processing initiatives
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in prices of raw cassava and its products due to variable weather conditions
- 5.1.3. Opportunities
  - 5.1.3.1. Significant production of cassava starch-based bioplastics
  - 5.1.3.2. Proliferating usage of cassava in producing ethanol
- 5.1.4. Challenges
  - 5.1.4.1. Post-harvest losses due to perishability and inadequate processing infrastructure
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rising adoption of cassava starch across diverse end-user industries
- 5.2.2. Type: Growing investments toward organic cassava production
- 5.2.3. Variety: Increasing use of bitter cassava for industrial purposes
- 5.2.4. End-Use: Significant adoption of cassava in food and beverage industries
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Cassava Market, by Product

6.1. Introduction
6.2. Cassava Root
6.3. Cassava Starch
6.4. Dried Cassava Leaves

7. Cassava Market, by Type

7.1. Introduction
7.2. Conventional
7.3. Organic

8. Cassava Market, by Variety

8.1. Introduction
8.2. Bitter Cassava
8.3. Sweet Cassava

9. Cassava Market, by End-Use

9.1. Introduction
9.2. Animal Feed
9.3. Food & Beverage
9.4. Paper Processing

10. Americas Cassava Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cassava Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cassava Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. MoU Spurs Cassava Exports to China
- 13.3.2. New Tapioca Starch from AKFP Holds Up Well in Freeze-Thaw Cycle
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AGRANA Beteiligungs-AG
2. Archer Daniels Midland Company
3. Aryan Group
4. Banpong Tapioca
5. Cargill Inc.
6. Chol Charoen Group
7. Chorchaiwat Industry Company Limited
8. Dadtco Philafrica B.V.
9. Ekta International
10. Ingredion Incorporated
11. Keng Seng Group of Companies
12. Lentus Foods and Agro Ltd.
13. Matna Food Ltd.
14. Mhogo Foods Ltd.
15. Otto's Naturals
16. Psaltry International Limited
17. ROI ET Group
18. Roquette Freres S.A.
19. SPAC Starch Products (India) Private Limited
20. Sungai Budi Group
21. TAPIOCA VIETNAM Company
22. Tate & Lyle PLC
23. Tereos Group
24. Thanawat Group
25. The Dutch Agricultural Development & Trading Company BV
26. Vedan International (Holdings) Limited
27. Venus Starch Industries
28. Visco Starch
29. Woodland Foods, Ltd.