Cassava Processing Market Size, Industry Overview, Trends, Opportunity Latest Insights and Forecast to 2027
According to IMARC Group’s latest report, titled “Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global cassava processing market size reached a volume of 304 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 350.8 Million Tons by 2027, exhibiting a CAGR of 2.3% during 2022-2027.
Cassava refers to a starchy root crop that is widely grown in tropical regions and is an important source of food. Cassava processing involves various steps in transforming raw cassava into usable products for both food and non-food purposes. Processing of cassava typically includes steps, such as peeling, washing, grating, pressing, and drying, which are aimed at removing the toxic elements present in raw cassava and converting it into safe and edible products.
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Cassava Processing Market Trends:
The rising demand for cassava-based food products represents a key factor driving the market growth across the globe. Moreover, cassava is a staple food in many countries and is used to produce a variety of food items, such as cassava flour, fufu, and garri. In addition to this, the increasing use of cassava as an alternative to traditional animal feed ingredients due to its high starch content and low cost is contributing to the growth of the market. Apart from this, the rising demand for biofuel and significant technological advancements are driving the market toward growth. Other factors, such as increasing government initiatives regarding the cultivation and processing of cassava, are expected to create a positive outlook for the market across the globe.
Cassava Processing Market 2022-2027 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.
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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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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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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