Cassava Processing Market Size, Share, Trends, Growth, Price, Analysis, Report and Forecast Period of 2024-2032
Cassava Processing Market Outlook
According to a new report by Expert Market Research titled, “Global Cassava Processing Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global cassava processing market grew significantly in 2023. Aided by the escalating demand for alternative sources of energy, starch, and dietary requirements, coupled with cassava's growing applications across diverse sectors, the market is projected to attain a healthy growth between 2024 and 2032.
The mounting demand for gluten-free food products is a robust propellant for the cassava processing market growth. As awareness about celiac disease and gluten sensitivities amplifies globally, there's a notable tilt towards gluten-free diets. Cassava flour, being naturally gluten-free, emerges as a sought-after alternative for traditional wheat flour. Its versatility in baking and cooking has bolstered its acceptance among consumers and culinary experts alike.
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Biofuel production stands as another pivotal driver for cassava processing. As the global emphasis on renewable energy sources strengthens, cassava-based ethanol is increasingly being recognised for its potential as a sustainable biofuel. Its lower greenhouse gas emissions, as compared to conventional fuels, make it an environment-friendly option, thereby enhancing the cassava processing market demand.
Additionally, the textile and paper industries are tapping into cassava's potential. The starch derived from cassava serves as an essential ingredient in textile sizing and finishing and paper manufacturing. It plays an indispensable role in improving the fabric's texture and the paper's whiteness and printability.
However, the applications don't end there. The pharmaceutical sector also recognises cassava starch as a valuable excipient. It functions as a binder and disintegrant in tablet formulations, highlighting its multifaceted industrial applications.
The growing awareness of sustainable and organic farming methods further influences the cassava processing market outlook. Given its ability to thrive in suboptimal soil conditions with minimal water requirements, cassava emerges as a sustainable crop option. This resilience positions it as a preferred choice among farmers, especially in regions grappling with water scarcity and challenging soil conditions.
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Cassava Processing Market Segmentation
The market can be divided based on product type, end use, and region.
Market Breakup by Product Type
- Cassava Starch
- Cassava Flour
- Cassava Chips
- Cassava Derived Ethanol
Market Breakup by End Use
- Food Industry
- Feed Industry
- Industrial
- Biodegradable Products
- Biofuel
- Paper
- Textile
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cassava processing market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ingredion Incorporated
- Tereos S.A.
- Sonish Starch Technology
- Others
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