Tuesday, November 7th, 2017 - Market Research Future

Market Research Future published a Half Cooked Research Report on the Global Cassava Market, which is estimated to grow at a CAGR of 3.0% during the forecast period 2017-2023

Market Overview

Cassava is a woody shrub, which belongs to euphorbiaceous family. It is mostly cultivated in tropical and subtropical regions of the world. Roots of cassava are edible and major source of gluten-free carbohydrates. Therefore, it prefers in the manufacturing of gluten-free products. The powder form of cassava is called tapioca. Additionally, it has a neutral taste and is used in food and beverage products. Furthermore, it is also used in commercial industries like paper, adhesive, textile, and others. Increased awareness regarding health benefits of cassava is considered to be the major driving factor in the growth of global cassava market.

Competitive Analysis

The major players in the Cassava Market

  • American Key Food Products LLC (U.S.)
  • Cargill (U.S.)
  • Ingredion Inc. (U.S.)
  • Tate & Lyle (U.K.)
  • Venus Starch Suppliers (India)
  • Grain Millers, Inc. (U.S.)
  • Parchem fine & specialty chemicals (U.S.)

The global cassava market is rapidly growing owing to increasing demand from most of the countries, and intensifying market opportunities. Moreover, the increasing focus on R&D is projected to boost the cassava market over the forecast period 2017-2023.

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Market Forecast:

Cassava has a wide range product applicability, which makes them an important ingredient to be used in food and commercial products industry. It is used as a substitute for sucrose in the food industry. It is a rich source of fiber and carbohydrate. Starch extracted from cassava has commercial, industrial applications, which are used in the textile, adhesive, paper, and other industries. Furthermore, the demand for a substitute of gluten-free carbohydrate food, increasing health conscious population and large-scale application in commercial industries is driving the demand for cassava.

All these factors are expected to contribute to the estimated CAGR of 3.0% of cassava market during the forecast period 2017-2023.

Downstream Analysis:

Cassava market is segmented on the basis of form, which includes animal feed, flour, chips, pellets, pearls, and others. Among all, the chips, pellets, and pearls forms dominate the market owing to a wide range of application in the animal feed and food products.

The global cassava market is segmented on the basis of application, which includes food and beverage, industrial, animal feed, and others. Among all, application in the food industry holds the significant share of the global market. It is used in making gluten-free flour owing to high carbohydrate content, which is beneficial for gluten intolerance patients. However, the demand from commercial industries is projected to rise during the forecast period.

Cassava market has been segmented on the basis of product type, which comprises of conventional and organic. Conventional cassava product holds a high market share owing to high production capacity. However, organic cassava is expected to grow in this segment. Consumer shift towards organic products is considered to be the major driving factor.

Regional Analysis:

The global cassava market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific region is dominating the cassava market followed by North America. In Asia Pacific region, China, Thailand, and Indonesia are the primary consumers of cassava. Moreover, North America region is expected to grow exponentially owing to high demand for rich gluten-free carbohydrate food in the population during the forecast period 2017-2023.

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Market Segmentation:

Cassava Market is segmented on the basis of Form, Applications and Product Types

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Market Research Future


At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Akash Anand
P: +1 646 845 9312
W: www.marketresearchfuture.com

Keywords

Cassava Market: by Form (Animal Feed), Application (Food and Beverage), Product Type (Conventional) and Region Forecast till 2023

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