Summary

The global cassava processing market size reached 319.9 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 369.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032. The changing dietary preferences of consumers, the expanding industrial applications, government initiatives, population growth, gluten-free demand, innovation in cassava-based products, extended shelf life, and sustainable food supply chains are some of the major factors propelling the market.

Cassava processing refers to the ongoing activities involved in converting harvested cassava roots into various food products and industrial materials. Currently, cassava processing encompasses a wide range of operations, including peeling, washing, cutting, grating, drying, and milling. These processes yield a diverse array of cassava-based products such as cassava flour, starch, chips, and ethanol. Cassava processing plays a crucial role in addressing food security and income generation in many regions globally, particularly in Africa, Asia, and Latin America. The continuous improvement and modernization of cassava processing methods are pivotal for enhancing the overall quality, efficiency, and value addition in the cassava industry.

The increasing population and changing dietary preferences in emerging economies are primarily driving the growth of the global cassava processing market. In line with this, the rising demand for an affordable and versatile source of carbohydrates is fueling the adoption of cassava-based products. Moreover, the growing utilization of cassava in various industrial applications, such as the production of biofuels, biodegradable plastics, and animal feed, is creating a positive outlook for market expansion. In addition to this, the escalating awareness of the nutritional benefits of cassava products, coupled with innovations in processing techniques, is increasing consumer acceptance, thereby contributing to the market’s growth. Furthermore, the introduction of favorable government initiatives and investments in cassava value chain development, particularly in Africa and Asia, are bolstering the sector's growth by promoting sustainable farming practices and improving infrastructure for processing and distribution.

Cassava Processing Market Trends/Drivers:
Changing dietary preferences and population growth

One of the primary drivers behind the growth of the global cassava processing market is the changing dietary preferences and the steadily increasing global population. Cassava serves as an essential source of carbohydrates in many countries, especially in regions with tropical climates. As populations expand, particularly in emerging economies, there is a rising demand for affordable and versatile carbohydrate sources. Cassava products, such as cassava flour and cassava chips, fulfill this demand as they can be used in various culinary applications. In confluence with this, cassava's adaptability to diverse agro-climatic conditions makes it a dependable crop for regions facing food security challenges.

Diversified industrial applications

The growing product utilization in various industrial applications represents one of the significant factors driving the cassava processing market. Cassava is not limited to food production alone; it has found its way into numerous sectors, including biofuel production, biodegradable plastics, and animal feed. Concurrent with this, the production of bioethanol from cassava, has gained momentum as an eco-friendly alternative to fossil fuels, creating a positive outlook for market expansion. Apart from this, the use of cassava starch in the manufacturing of biodegradable plastics aligns with sustainability goals, driving its demand. This diversification of cassava applications contributes significantly to the expansion of the processing industry.

Government initiatives and investments

The introduction of favorable government initiatives and investments plays a pivotal role in the growth of the cassava processing market, particularly in regions heavily reliant on cassava production. Many governments in Africa and Asia, where cassava is a staple crop, have recognized the potential of the cassava value chain to boost rural economies and enhance food security. Consequently, they are actively promoting the adoption of modern processing techniques, improving infrastructure for cassava transportation, and providing financial support to farmers. These initiatives not only increase the quality and quantity of cassava production but also facilitate the establishment of processing facilities, thereby fostering the growth of the cassava processing sector.

Cassava Processing Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global cassava processing market report, along with forecasts at the global and country levels for 2024-2032. Our report has categorized the market based on end-use.

Breakup by End-Use:

Food Industry
Feed Industry
Others

The food industry dominates the market

The report has provided a detailed breakup and analysis of the market based on the end-use. This includes food industry, feed industry, and others. According to the report, the food industry represented the largest segment.

Cassava has gained prominence as a gluten-free alternative, meeting the dietary requirements of individuals with gluten intolerance or celiac disease. This has led to the incorporation of cassava flour and cassava-based products in gluten-free food formulations, including baked goods and pasta. Concurrent with this, the versatility of cassava has led to the creation of innovative food products, such as cassava chips and snacks, appealing to consumer preferences for healthier, natural, and non-GMO snacks. Moreover, cassava's extended shelf life, when processed into products including cassava starch or dried chips, makes it a valuable ingredient for food manufacturers seeking longer-lasting and cost-effective ingredients. Furthermore, the increasing global awareness of the need for sustainable and resilient food supply chains has prompted the exploration of cassava as a reliable crop, thus boosting its demand in the food industry.

Breakup by Region:

Nigeria
Thailand
Indonesia
Brazil
Ghana
Congo
Others

Nigeria exhibits a clear dominance, accounting for the largest cassava processing market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Nigeria, Thailand, Indonesia, Brazil, Ghana, Congo, and others. According to the report, Nigeria accounted for the largest market share.

The Nigerian government has shown a strong commitment to boosting the agricultural sector, with a particular focus on cassava. Various policies and initiatives have been put in place to support cassava farmers and processors, including subsidies, access to credit facilities, and research and development (R&D) efforts aimed at improving cassava varieties and processing techniques.

Moreover, the growing awareness of the versatility of cassava products, such as garri, fufu, and cassava flour, among consumers has led to increased demand. These products serve as staple foods in Nigerian cuisine and are increasingly popular due to their affordability and cultural significance, which, in turn, is impelling the market’s growth. Furthermore, the expansion of cassava processing infrastructure, including the establishment of cassava processing mills and factories, has contributed to the sector's growth by enhancing processing capacity and product quality.

Competitive Landscape:
The global cassava processing market features a diverse competitive landscape comprising a spectrum of players, ranging from large multinational corporations to local and regional processors. Major multinational firms dominate the market due to their extensive resources, global presence, and diversified product portfolios. They often focus on producing high-quality cassava starch for various industries. In addition to this, regional players and smaller-scale processors contribute significantly to the market's competitiveness, particularly in cassava-rich regions such as Africa and Southeast Asia. These local processors cater to local demand and often specialize in producing traditional cassava-based products, meeting the specific needs and preferences of their respective markets. This diverse competitive landscape is driven by factors such as geographical disparities in cassava production, local consumer preferences, and the growing demand for cassava-based products worldwide.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Avebe U.A.
Global Bio-Chem Technology Group
Emsland Group
Cargill Incorporated
Ingredion

Key Questions Answered in This Report

1. What is the size of the global cassava processing market in 2023?
2. What is the expected growth rate of the global cassava processing market during 2024-2032?
3. What are the key factors driving the global cassava processing market?
4. What has been the impact of COVID-19 on the global cassava processing market?
5. What is the breakup of the global cassava processing market based on the end-use?
6. What are the key regions in the global cassava processing market?
7. Who are the key companies/players in the global cassava processing market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cassava Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End-Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Raw Material Suppliers
5.9.2 Processors
5.9.3 Distributors
5.9.4 Exporters
5.9.5 End-Users
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Nigeria
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thailand
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Indonesia
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Brazil
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Ghana
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Congo
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market by End-Use
7.1 Food Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Feed Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Competitive Landscape
9 Cassava Processing
9.1 Product Overview
9.2 Detailed Process Flow
9.3 Various Types of Unit Operations Involved
9.4 Mass Balance and Raw Material Requirements
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Layout
10.4 Plant Machinery
10.5 Major Machinery Pictures
10.6 Raw Material Requirements and Expenditures
10.7 Raw Material and Final Product Pictures
10.8 Packaging Requirements and Expenditures
10.9 Transportation Requirements and Expenditures
10.10 Utility Requirements and Expenditures
10.11 Manpower Requirements and Expenditures
10.12 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Key Player Profiles
List of Figures
Figure 1: Global: Cassava Market: Major Drivers and Challenges
Figure 2: Global: Cassava Market: Production Volume Trends (in Million Tons), 2018-2023
Figure 3: Global: Cassava Market: Production Value Trends (in Billion US$), 2018-2023
Figure 4: Global: Cassava Market: Average Price Trends (in US$/Ton), 2018-2023
Figure 5: Global: Cassava Market: Breakup by Region (in %), 2023
Figure 6: Global: Cassava Market: Breakup by End-Use (in %), 2023
Figure 7: Global: Cassava Market Forecast: Production Volume Trends (in Million Tons), 2024-2032
Figure 8: Global: Cassava Market Forecast: Production Value Trends (in Billion US$), 2024-2032
Figure 9: Global: Cassava Industry: SWOT Analysis
Figure 10: Global: Cassava Industry: Value Chain Analysis
Figure 11: Global: Cassava Industry: Porter’s Five Forces Analysis
Figure 12: Nigeria: Cassava Market (in Tons), 2018 & 2023
Figure 13: Nigeria: Cassava Market Forecast (in Tons), 2024-2032
Figure 14: Thailand: Cassava Market (in Tons), 2018 & 2023
Figure 15: Thailand: Cassava Market Forecast (in Tons), 2024-2032
Figure 16: Indonesia: Cassava Market (in Tons), 2018 & 2023
Figure 17: Indonesia: Cassava Market Forecast (in Tons), 2024-2032
Figure 18: Brazil: Cassava Market (in Tons), 2018 & 2023
Figure 19: Brazil: Cassava Market Forecast (in Tons), 2024-2032
Figure 20: Ghana: Cassava Market (in Tons), 2018 & 2023
Figure 21: Ghana: Cassava Market Forecast (in Tons), 2024-2032
Figure 22: Congo: Cassava Market (in Tons), 2018 & 2023
Figure 23: Congo: Cassava Market Forecast (in Tons), 2024-2032
Figure 24: Others: Cassava Market (in Tons), 2018 & 2023
Figure 25: Others: Cassava Market Forecast (in Tons), 2024-2032
Figure 26: Global: Cassava Market: Food Industry (in Tons), 2018 & 2023
Figure 27: Global: Cassava Market Forecast: Food Industry (in Tons), 2024-2032
Figure 28: Global: Cassava Market: Feed Industry (in Tons), 2018 & 2023
Figure 29: Global: Cassava Market Forecast: Feed Industry (in Tons), 2024-2032
Figure 30: Global: Cassava Market: Other End-Uses (in Tons), 2018 & 2023
Figure 31: Global: Cassava Market Forecast: Other End-Uses (in Tons), 2024-2032
Figure 32: Cassava Manufacturing Plant: Detailed Process Flow
Figure 33: Cassava Manufacturing Process: Conversion Rate of Feedstocks
Figure 34: Cassava Manufacturing Plant: Proposed Plant Layout
Figure 35: Cassava Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 36: Cassava Industry: Profit Margins at Various Levels of the Supply Chain
Figure 37: Cassava Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Cassava Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Cassava Market Forecast: Breakup by Region (in Tons), 2024-2032
Table 3: Global: Cassava Market Forecast: Breakup by End-Use (in Tons), 2024-2032
Table 4: Global: Cassava Market: Competitive Structure
Table 5: Cassava Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Cassava Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Cassava Manufacturing Plant: Costs Related to Cassava Chips Production Line (in US$)
Table 8: Cassava Manufacturing Plant: Costs Related to Cassava Starch Production Line (in US$)
Table 9: Cassava Manufacturing Plant: Costs Related to Cassava Flour Production Line (in US$)
Table 10: Cassava Manufacturing Plant: Costs Related to Cassava Pellets Production Line (in US$)
Table 11: Cassava Manufacturing Plant: Summary of Machinery Cost (in US$)
Table 12: Cassava Manufacturing Plant: Raw Material Requirements
Table 13: Cassava Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Cassava Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Cassava Manufacturing Plant: Capital Costs (in US$)
Table 17: Cassava Manufacturing Plant: Techno-Economic Parameters
Table 18: Cassava Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Cassava Manufacturing Plant: Income Projections (in US$)
Table 20: Cassava Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Cassava Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Cassava Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Cassava Manufacturing Plant: Profit and Loss Account (in US$)