How big is the cassava market?

The global cassava market was valued at USD 164 billion in 2023.

What is the cassava market growth?

The global cassava market is expected to grow at a CAGR of 4.4% from 2024 to 2030.

Which segment accounted for the largest cassava market share?

Cassava use as cassava flour is expected to grow at a CAGR of 4.50%. The rise in demand for gluten-free products is a primary factor driving this growth, as consumers seek alternatives to wheat flour due to health concerns related to gluten intolerance. Additionally, cassava flour's versatility in various culinary applications—from baking to thickening sauces—makes it a popular choice among health-conscious consumers and food manufacturers.

Who are the key players in cassava market?

• 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 & Lyle Plc • Venus Starch Suppliers

What are the factors driving the cassava market?

One of the primary reasons for this growth is the increasing demand for gluten-free products. With rising health consciousness among consumers, particularly in Western markets, cassava has gained recognition as a nutritious alternative to wheat and other gluten-containing grains. This trend is reflected in the growing popularity of cassava-based foods, such as flour, snacks, and noodles, which cater to individuals with gluten intolerance or those pursuing gluten-free diets.