The cassava processing market is expected to reach 369.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.

ST. BROOKLYN, NY, USA, January 31, 2024 /EINPresswire.com/ -- IMARC Group, a leading market research company, has recently releases report titled “Cassava Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global cassava processing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cassava processing market?

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.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/cassava-processing-plant/requestsample

Factors Affecting the Growth of the Cassava Processing Industry:     

• Rising Demand for Cassava Products:

The global cassava processing market is on an upward trajectory, driven by the increasing demand for cassava and its derivatives. Cassava's versatility makes it a sought-after ingredient in various food products, animal feed, and biofuel production. The starch derived from cassava is gaining popularity in the food industry for its applications as a thickening agent, sweetener, and in gluten-free products. As awareness about the diverse uses of cassava spreads, both domestic and international markets are witnessing a surge in demand, propelling the growth of the processing sector.

• Technological Innovations in Processing:

Technological innovations significantly impact the global cassava processing market. Advanced machinery and processing techniques have increased efficiency, reduced waste, and improved product quality. Automation in cassava processing enhances productivity and consistency, while innovations in drying and milling lead to finer, more uniform flour. These technological advancements also help in preserving the nutritional value and extending the shelf life of cassava products. Additionally, the use of environmentally sustainable technologies aligns with global sustainability goals. As a result, these innovations not only boost market growth but also meet the rising demand for cassava-based products in both food and industrial sectors.

• Government Supportive Initiatives:

Favorable government initiatives play a crucial role in bolstering the global cassava processing market. Governments in major cassava-producing regions are implementing policies and providing subsidies to support cassava cultivation and processing. This aid is essential for technological advancements and infrastructure development in the sector. Such initiatives help in overcoming challenges related to processing techniques and market accessibility. Furthermore, governments are promoting cassava as a vital crop for food security and economic development, leading to increased investment and research in this area. These supportive measures significantly contribute to the growth and sustainability of the global cassava processing industry.

Cassava Processing Market Report Segmentation:

Breakup By End-Use:

• Food Industry
• Feed Industry
• Others

By end-use, the food industry represents the largest segment due to cassava's widespread use as a staple food and versatile ingredient.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Nigeria stands out as the largest market globally, given its status as the leading cassava producer and its significant role in the country's agriculture and food sectors.

Global Cassava Processing Market Trends:

The key trends of the global cassava processing market include the steadily rising demand for cassava and its by-products in the food industry, particularly in gluten-free and low-fat products. Cassava's versatility as a staple food in many developing countries is contributing to market expansion. Moreover, technological advancements in processing methods are attracting increased investments, while the rising use of cassava in animal feed and ethanol production further fuels market growth. Supportive government policies in major cassava-producing countries are also instrumental in encouraging sustainable development and market expansion.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐫𝐨𝐰𝐬𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞s: https://www.imarcgroup.com/request?type=report&id=560&flag=C

Leading Companies Operating in the Global Cassava Processing Industry:

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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Elena Anderson
IMARC Services Private Limited
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