The global cassava processing market was estimated to reach a volume of 293.18 MMT in 2024. The industry is expected to grow at a CAGR of 2.90% during the forecast period of 2025-2034. A key driver of the cassava processing market is the rising demand for cassava-based starch and flour in food, biofuel, and industrial applications due to their affordability and versatility, thus aiding the market to attain a volume of 390.20 MMT by 2034.

Market Overview

Cassava, a staple crop in tropical regions, has become increasingly significant in the global market due to its versatility. It serves as a raw material for various products, including cassava starch, flour, chips, and bioethanol. Its affordability and adaptability to different climates make it a preferred crop for developing economies. The growing awareness of cassava’s industrial applications is fueling its demand worldwide.

Market Size

The cassava processing market’s volume stood at 293.18 MMT in 2024, with projections indicating a steady growth trajectory. The market's size is attributed to its diverse applications, particularly in the food and biofuel industries. Asia-Pacific and Africa remain the largest producers and consumers, while Latin America is emerging as a key player. The expected CAGR of 2.90% during 2025-2034 highlights its growing prominence in the global economy.

Market Share

Asia-Pacific dominates the cassava processing market, accounting for over 60% of global production. Thailand, Indonesia, and Vietnam are leading exporters, particularly of cassava starch. Africa, while being a significant producer, consumes most of its cassava domestically. Latin America, led by Brazil, is gaining traction in the export market, particularly for cassava chips and ethanol.

Market Trends

  • Rising Demand for Gluten-Free Products: The shift towards gluten-free diets has boosted the demand for cassava flour as a substitute for wheat flour.

  • Growth in Biofuel Production: Cassava-derived ethanol is gaining traction as a sustainable energy source.

  • Technological Advancements: Improved processing technologies are enhancing efficiency and reducing waste.

  • Sustainability Initiatives: Increased focus on sustainable farming and processing methods to reduce environmental impact.

Market Analysis

SWOT Analysis

  • Strengths: Versatility of cassava; cost-effectiveness.

  • Weaknesses: Limited shelf life; susceptibility to diseases.

  • Opportunities: Expanding applications in industrial sectors; rising global demand for biofuels.

  • Threats: Climate change; fluctuating trade policies.

Porter’s Five Forces Analysis

  • Competition: Moderate, with a mix of global and regional players.

  • Supplier Power: Low, as cassava is cultivated widely.

  • Buyer Power: High, due to the availability of substitutes.

  • Threat of New Entrants: Moderate, requiring significant investment in processing infrastructure.

  • Threat of Substitutes: High, particularly from other starch sources like corn and potato.

Market Segmentation

By Product Type

  1. Cassava Starch: Widely used in food, textiles, and paper industries.

  2. Cassava Flour: Popular in gluten-free and health-conscious markets.

  3. Cassava Chips: Increasingly used in snacks and animal feed.

  4. Cassava-Derived Ethanol: A growing market driven by biofuel demand.

By End-Use

  1. Food Industry: Major driver due to cassava’s role in processed foods and specialty diets.

  2. Feed Industry: Used as a cost-effective alternative to traditional feed ingredients.

  3. Industrial Applications: Includes adhesives, textiles, and biofuel production.

Market Growth

The market’s growth is driven by increasing demand for affordable and sustainable raw materials across industries. Technological advancements in processing are further aiding efficiency and product diversification. Explore the market growth to understand its potential across sectors and regions.

Recent Developments and Challenges in the Market

Recent Developments

  • Innovation in Processing Technologies: Automated systems reducing production costs.

  • Government Policies: Incentives for cassava farmers and processors in countries like Nigeria and Thailand.

  • Global Partnerships: Collaborations between producers and industrial users to ensure supply chain stability.

Challenges

  • Climate Change: Impacting cassava yields in key regions.

  • Disease Outbreaks: Cassava mosaic disease remains a persistent issue.

  • Trade Barriers: Fluctuating tariffs and export restrictions in major markets.

Key Players in the Market

Prominent companies include:

  • Thai Wah Public Company Limited: A leader in cassava starch production.

  • Cargill Incorporated: Focused on industrial applications of cassava.

  • DADTCO Philafrica: Innovating in mobile cassava processing.

  • Ingredion Incorporated: Major player in cassava-based food ingredients.

Upcoming Challenges in the Market

  • Sustainability Concerns: Balancing production growth with environmental preservation.

  • Supply Chain Disruptions: Global crises impacting transportation and logistics.

  • Market Volatility: Price fluctuations due to changing demand and supply dynamics.

Competitive Landscape

The market features a mix of established players and emerging regional producers. Companies are focusing on innovation, sustainability, and strategic partnerships to maintain competitiveness. Regional players are expanding their footprint through investments in technology and infrastructure.