Cassava Market Dynamics and Analysis by 2031
The Cassava Market is expected to register a CAGR of 7.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Cassava Market report covers analysis by Nature (Organic, Conventional); Form (Dry, Liquid); Application (Food and Beverages, Animal Feed, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Cassava Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cassava Market Segmentation
Nature- Organic
- Conventional
- Dry
- Liquid
- Food and Beverages
- Animal Feed
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Cassava Market Growth Drivers- Cassava for Biofuels and Industrial Products: The use of cassava for biofuels and industrial products, such as ethanol, is driving market growth, with increased adoption due to government support for renewable energy sources.
- PEST Analysis Highlighting Biofuel Production: PEST analysis shows that biofuel production, particularly cassava-based ethanol, is a compelling driver for market growth in the renewable energy sector.
- Adoption of Plant-Based Diets Boosting Cassava Product Demand: The growing trend of plant-based diets is increasing demand for cassava-based snacks and beverages, with food manufacturers innovating to cater to this trend, further boosting market size and growth.
- Cassava as a Sustainable, Green Crop: Cassava is a high-yielding, sustainable crop that serves as an alternative to cereal crops, appealing to eco-conscious consumers. Market strategies are increasingly emphasizing its eco-friendliness, driving optimistic market growth forecasts.
- Cassava’s Potential as a Biofuel: Cassava is emerging as a potential biofuel source, contributing to the shift toward renewable energy. Market analysis shows a focus on agritech innovation, with key players prioritizing sustainable agriculture practices.
- Cost Challenges in Mass Production: SWOT analysis acknowledges the positive outlook of cassava’s market growth, but highlights the high costs associated with mass production as a challenge to its widespread adoption.
- Cassava Driving Growth in Gluten-Free Products: Cassava, a common ingredient in gluten-free diets, offers significant growth opportunities in North America and Europe, with increasing demand for gluten-free flour, snacks, and baked goods. Companies can expand their market share by introducing cassava-based products targeting health-conscious consumers.
- Cassava as a Bioethanol Source for Biofuel Industry: Cassava's role as a key source of bioethanol is driving demand in the biofuel industry. Companies focusing on cassava cultivation for biofuel production can capitalize on the growing shift toward renewable energy, especially in regions like Asia and South America.
- Cassava’s Nutritional Value Boosting Health and Wellness: Cassava's rich nutrient profile positions it as a high performer in the health and wellness sector, with opportunities for growth in markets that demand fiber-rich or fortified products, particularly in emerging economies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cassava Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cassava Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Cassava Market is estimated to witness a CAGR of 7.5% from 2023 to 2031.
The major factors driving the Market are: Demand for gluten-free products, Biofuel and industrial applications, Preference for plant-based foods
Key future trends in this market are - Rising Demand for Gluten-Free Products, Cassava as a Sustainable Raw Material, Increasing Use in Biofuels
Key companies of this market are: Agrideco Vietnam Co., Ltd., American Key Food Products Inc., Archer Daniels Midland Company, Cargill Incorporated, Grain Millers Inc., Ingredion Inc., Parchem Fine and Specialty Chemicals, Psaltry International Ltd., Tate and Lyle Plc,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cassava Market - By Nature
1.3.2 Cassava Market - By Form
1.3.3 Cassava Market - By Application
1.3.4 Cassava Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. CASSAVA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CASSAVA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CASSAVA MARKET - GLOBAL MARKET ANALYSIS
6.1. CASSAVA - GLOBAL MARKET OVERVIEW
6.2. CASSAVA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CASSAVA MARKET - REVENUE AND FORECASTS TO 2028 - NATURE
7.1. OVERVIEW
7.2. NATURE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. CASSAVA MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. DRY
8.3.1. Overview
8.3.2. Dry Market Forecast and Analysis
8.4. LIQUID
8.4.1. Overview
8.4.2. Liquid Market Forecast and Analysis
9. CASSAVA MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGES
9.3.1. Overview
9.3.2. Food and Beverages Market Forecast and Analysis
9.4. ANIMAL FEED
9.4.1. Overview
9.4.2. Animal Feed Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. CASSAVA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cassava Market Overview
10.1.2 North America Cassava Market Forecasts and Analysis
10.1.3 North America Cassava Market Forecasts and Analysis - By Nature
10.1.4 North America Cassava Market Forecasts and Analysis - By Form
10.1.5 North America Cassava Market Forecasts and Analysis - By Application
10.1.6 North America Cassava Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cassava Market
10.1.6.1.1 United States Cassava Market by Nature
10.1.6.1.2 United States Cassava Market by Form
10.1.6.1.3 United States Cassava Market by Application
10.1.6.2 Canada Cassava Market
10.1.6.2.1 Canada Cassava Market by Nature
10.1.6.2.2 Canada Cassava Market by Form
10.1.6.2.3 Canada Cassava Market by Application
10.1.6.3 Mexico Cassava Market
10.1.6.3.1 Mexico Cassava Market by Nature
10.1.6.3.2 Mexico Cassava Market by Form
10.1.6.3.3 Mexico Cassava Market by Application
10.2. EUROPE
10.2.1 Europe Cassava Market Overview
10.2.2 Europe Cassava Market Forecasts and Analysis
10.2.3 Europe Cassava Market Forecasts and Analysis - By Nature
10.2.4 Europe Cassava Market Forecasts and Analysis - By Form
10.2.5 Europe Cassava Market Forecasts and Analysis - By Application
10.2.6 Europe Cassava Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cassava Market
10.2.6.1.1 Germany Cassava Market by Nature
10.2.6.1.2 Germany Cassava Market by Form
10.2.6.1.3 Germany Cassava Market by Application
10.2.6.2 France Cassava Market
10.2.6.2.1 France Cassava Market by Nature
10.2.6.2.2 France Cassava Market by Form
10.2.6.2.3 France Cassava Market by Application
10.2.6.3 Italy Cassava Market
10.2.6.3.1 Italy Cassava Market by Nature
10.2.6.3.2 Italy Cassava Market by Form
10.2.6.3.3 Italy Cassava Market by Application
10.2.6.4 United Kingdom Cassava Market
10.2.6.4.1 United Kingdom Cassava Market by Nature
10.2.6.4.2 United Kingdom Cassava Market by Form
10.2.6.4.3 United Kingdom Cassava Market by Application
10.2.6.5 Russia Cassava Market
10.2.6.5.1 Russia Cassava Market by Nature
10.2.6.5.2 Russia Cassava Market by Form
10.2.6.5.3 Russia Cassava Market by Application
10.2.6.6 Rest of Europe Cassava Market
10.2.6.6.1 Rest of Europe Cassava Market by Nature
10.2.6.6.2 Rest of Europe Cassava Market by Form
10.2.6.6.3 Rest of Europe Cassava Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cassava Market Overview
10.3.2 Asia-Pacific Cassava Market Forecasts and Analysis
10.3.3 Asia-Pacific Cassava Market Forecasts and Analysis - By Nature
10.3.4 Asia-Pacific Cassava Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Cassava Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Cassava Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cassava Market
10.3.6.1.1 Australia Cassava Market by Nature
10.3.6.1.2 Australia Cassava Market by Form
10.3.6.1.3 Australia Cassava Market by Application
10.3.6.2 China Cassava Market
10.3.6.2.1 China Cassava Market by Nature
10.3.6.2.2 China Cassava Market by Form
10.3.6.2.3 China Cassava Market by Application
10.3.6.3 India Cassava Market
10.3.6.3.1 India Cassava Market by Nature
10.3.6.3.2 India Cassava Market by Form
10.3.6.3.3 India Cassava Market by Application
10.3.6.4 Japan Cassava Market
10.3.6.4.1 Japan Cassava Market by Nature
10.3.6.4.2 Japan Cassava Market by Form
10.3.6.4.3 Japan Cassava Market by Application
10.3.6.5 South Korea Cassava Market
10.3.6.5.1 South Korea Cassava Market by Nature
10.3.6.5.2 South Korea Cassava Market by Form
10.3.6.5.3 South Korea Cassava Market by Application
10.3.6.6 Rest of Asia-Pacific Cassava Market
10.3.6.6.1 Rest of Asia-Pacific Cassava Market by Nature
10.3.6.6.2 Rest of Asia-Pacific Cassava Market by Form
10.3.6.6.3 Rest of Asia-Pacific Cassava Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cassava Market Overview
10.4.2 Middle East and Africa Cassava Market Forecasts and Analysis
10.4.3 Middle East and Africa Cassava Market Forecasts and Analysis - By Nature
10.4.4 Middle East and Africa Cassava Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Cassava Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Cassava Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cassava Market
10.4.6.1.1 South Africa Cassava Market by Nature
10.4.6.1.2 South Africa Cassava Market by Form
10.4.6.1.3 South Africa Cassava Market by Application
10.4.6.2 Saudi Arabia Cassava Market
10.4.6.2.1 Saudi Arabia Cassava Market by Nature
10.4.6.2.2 Saudi Arabia Cassava Market by Form
10.4.6.2.3 Saudi Arabia Cassava Market by Application
10.4.6.3 U.A.E Cassava Market
10.4.6.3.1 U.A.E Cassava Market by Nature
10.4.6.3.2 U.A.E Cassava Market by Form
10.4.6.3.3 U.A.E Cassava Market by Application
10.4.6.4 Rest of Middle East and Africa Cassava Market
10.4.6.4.1 Rest of Middle East and Africa Cassava Market by Nature
10.4.6.4.2 Rest of Middle East and Africa Cassava Market by Form
10.4.6.4.3 Rest of Middle East and Africa Cassava Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cassava Market Overview
10.5.2 South and Central America Cassava Market Forecasts and Analysis
10.5.3 South and Central America Cassava Market Forecasts and Analysis - By Nature
10.5.4 South and Central America Cassava Market Forecasts and Analysis - By Form
10.5.5 South and Central America Cassava Market Forecasts and Analysis - By Application
10.5.6 South and Central America Cassava Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cassava Market
10.5.6.1.1 Brazil Cassava Market by Nature
10.5.6.1.2 Brazil Cassava Market by Form
10.5.6.1.3 Brazil Cassava Market by Application
10.5.6.2 Argentina Cassava Market
10.5.6.2.1 Argentina Cassava Market by Nature
10.5.6.2.2 Argentina Cassava Market by Form
10.5.6.2.3 Argentina Cassava Market by Application
10.5.6.3 Rest of South and Central America Cassava Market
10.5.6.3.1 Rest of South and Central America Cassava Market by Nature
10.5.6.3.2 Rest of South and Central America Cassava Market by Form
10.5.6.3.3 Rest of South and Central America Cassava Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CASSAVA MARKET, KEY COMPANY PROFILES
12.1. AGRIDECO VIETNAM CO., LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AMERICAN KEY FOOD PRODUCTS INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ARCHER DANIELS MIDLAND COMPANY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CARGILL INCORPORATED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GRAIN MILLERS INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. INGREDION INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. PARCHEM FINE AND SPECIALTY CHEMICALS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PSALTRY INTERNATIONAL LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TATE AND LAYLE PLC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VENUS STARCH SUPPLIERS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Agrideco Vietnam Co., Ltd.
2. American Key Food Products Inc.
3. Archer Daniels Midland Company
4. Cargill Incorporated
5. Grain Millers Inc.
6. Ingredion Inc.
7. Parchem Fine and Specialty Chemicals
8. Psaltry International Ltd.
9. Tate and layle Plc.
10. Venus Starch Suppliers
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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