PUBLISHER: Verified Market Research | PRODUCT CODE: 1736414
PUBLISHER: Verified Market Research | PRODUCT CODE: 1736414
Cassava Flour Market size was valued at USD 53.0 Billion in 2024 and is projected to reach USD 88.1 Billion by 2032, growing at a CAGR of 6.56 % during the forecast period 2026-2032.
The Global Cassava Flour Market is expected to grow at a very fast pace over the projection period. The growing consumer preference for living a healthy lifestyle has increased the consumption of healthy food products and food ingredients, which is likely to fuel the expansion of the worldwide Cassava Flour Market. Furthermore, increased per capita consumption of Cassava Flours, rising demand for convenience food, packaging innovation, and an expanding population willing to pay a premium for healthy fruits are some of the factors driving market expansion. The Global Cassava Flour Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Cassava Flour Market Definition
Cassava is a root vegetable that is mostly made up of carbohydrates. It is found only in Africa and South America. Cassava flour is made from the cassava plant's whole root. Cassava flour is made by grinding the cassava root after it has been roasted or sun-dried. Because the flour has a white appearance and a neutral flavor, it is used as a baking alternative. Cassava starch, sometimes known as tapioca, is extracted from cassava roots by washing and pulping. It has a high iron, folate, manganese, carbohydrate, and calcium content.
Cassava is a reasonably inexpensive raw material with a high content of starch when compared to its alternatives. Furthermore, cassava starch has several advantages such as neutral taste, high purity, and great thickening properties. It also has excellent paste clarity, freeze-thaw stability, and viscosity. As a result, cassava starch is used in a variety of industries, including food, beverage, fuel, textile, sweeteners, and paper.
Global Cassava Flour Market Overview
Cassava starch is a high-carbohydrate source that is utilized as a primary ingredient in a variety of food products. The global food sector is expanding rapidly as a result of urbanization and increased working population, and rising family incomes, particularly in emerging economies such as India and China. This has increased demand for ready-to-eat food products, which has fueled the cassava starch industry's expansion. Because cassava flour has less gluten, it is in high demand in the global Cassava Flour Market for food and pastry items. Increased demand for processed foods leads to increased investment and the formation of new food enterprises focused on creating gluten-free products.
To meet the demand of health-conscious clients, some companies are employing cassava flour in place of gluten-based flour in their goods. Cassava flour is also regarded as the third-most important source of energy in the tropics, providing a possibility to meet demand. Cassava flour (starch) was previously primarily used in food applications; but, due to its ease of availability, it is now widely used in non-food applications such as medicines, adhesives, and papers. Growth in these end-use industries is propelling market growth. Cassava starch is used in the textile industry for sizing, finishing, and printing because of its elasticity, abrasion resistance, and ability to create a bond with the fiber.
Cassava starch is used in finishing covering imperfections or defects and providing a finished aspect to the end product. Increasing westernization is strengthening the textile sector, which in turn is boosting the cassava starch business.The growing health consciousness, combined with an increase in diabetes incidence, has increased the global demand for artificial sweeteners. The rising demand for these sweeteners is projected to boost Cassava Flour Market expansion in the approaching years.
The difference in raw material costs, as in the production of cassava starch, is entirely dependent on raw material availability and prices. This aspect is predicted to stifle market expansion. Price increases, raw material scarcity, and low-quality raw materials will all have a detrimental influence on cassava starch manufacturing. Furthermore, the economic expansion will have an impact on the prices of various raw materials and other commodities, dampening the Cassava Flour Market revenue. Furthermore, rising raw material prices would limit the demand for cassava flour in the next years.
The Global Cassava Flour Market is Segmented on the basis of Source, Application, End Use And Geography.
Based on Source, the Cassava Flour Market is segmented into Organic And Conventional.
Based on Application, the Cassava Flour Market is bifurcated into Sweeteners, Chips, and Feed. Sweetener derived from cassava flour is predicted to have the greatest market share globally, as it is used as a natural sweetener in a variety of food and beverage products around the world. Consumers' growing preference for clean-label and natural food ingredients has resulted in increased demand for sweeteners in a variety of food and beverage industries, including bakery, health drinks, carbonated drinks, convenience meals, and others. Consumers are becoming more health-conscious and conscious of the benefits of natural sweeteners such as reduced calorie, sugar-free intake, a rich source of energy, and others. The increasing demand for non-caloric and natural sweeteners is the key motivator for food and beverage makers to develop novel and effective sugar substitutes.
Based on End-Use, the market is bifurcated into Household Use, Food Industries, and Bakery and Confectionary. Because of the increase in the busy lifestyle, the food and beverage end-use is likely to hold the biggest market share throughout the projection period. The growing consumer awareness of healthy additions and ingredients in food and beverage items, as well as their growing concerns about their health, are the key variables regulating demand and trends.
The "Global Cassava Flour Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Siemens Healthineers, Abbott Laboratories, Inc., Roche Diagnostics, Bio-Rad Laboratories, Biomerieux SA., Mhogo Foods, Mohan Exports (India) Pvt. Ltd, Dadtco Philafrica B.V., Woodland Foods, Tapioca Vietnam, Vaighai Agro, Psaltry International Limitedamong.
Our market analysis also entails a section solely dedicated for such major players wherein our anaclysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.