Cassava Flour Market Size By Source, By Application, By End Use, By Geographic Scope And Forecast


Posted July 16, 2021 by smithjenny22119

CassavaFlour Market size was valued at USD 45784 Million in 2020 and is projected toreach USD 75958 Million by 2028, growing at a CAGR of 6.56% from 2021 to2028.
 
CassavaFlour Market Size And Forecast
CassavaFlour Market size was valued at USD 45784 Million in 2020 and is projected toreach USD 75958 Million by 2028, growing at a CAGR of 6.56% from 2021 to2028.

TheGlobal Cassava Flour Market is expected to grow at a very fast pace over theprojection period. The growing consumer preference for living a healthylifestyle has increased the consumption of healthy food products and foodingredients, which is likely to fuel the expansion of the worldwide CassavaFlour Market. Furthermore, increased per capita consumption of Cassava Flours,rising demand for convenience food, packaging innovation, and an expandingpopulation willing to pay a premium for healthy fruits are some of the factorsdriving market expansion. The Global Cassava Flour Market report provides aholistic evaluation of the market. The report offers a comprehensive analysisof key segments, trends, drivers, restraints, competitive landscape, andfactors that are playing a substantial role in the market.

GlobalCassava Flour Market Definition
Cassavais a root vegetable that is mostly made up of carbohydrates. It is found onlyin Africa and South America. Cassava flour is made from the cassava plant’swhole root. Cassava flour is made by grinding the cassava root after it hasbeen roasted or sun-dried. Because the flour has a white appearance and aneutral flavor, it is used as a baking alternative. Cassava starch, sometimesknown as tapioca, is extracted from cassava roots by washing and pulping. Ithas a high iron, folate, manganese, carbohydrate, and calcium content.

Cassavais a reasonably inexpensive raw material with a high content of starch whencompared to its alternatives. Furthermore, cassava starch has severaladvantages such as neutral taste, high purity, and great thickening properties.It also has excellent paste clarity, freeze-thaw stability, and viscosity. As aresult, cassava starch is used in a variety of industries, including food,beverage, fuel, textile, sweeteners, and paper.

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GlobalCassava Flour Market Overview
Cassavastarch is a high-carbohydrate source that is utilized as a primary ingredientin a variety of food products. The global food sector is expanding rapidly as aresult of urbanization and increased working population, and rising familyincomes, particularly in emerging economies such as India and China. This hasincreased demand for ready-to-eat food products, which has fueled the cassavastarch industry’s expansion. Because cassava flour has less gluten, it is inhigh demand in the global Cassava Flour Market for food and pastry items.Increased demand for processed foods leads to increased investment and theformation of new food enterprises focused on creating gluten-free products.

Tomeet the demand of health-conscious clients, some companies are employingcassava flour in place of gluten-based flour in their goods. Cassava flour isalso regarded as the third-most important source of energy in the tropics,providing a possibility to meet demand. Cassava flour (starch) was previouslyprimarily used in food applications; but, due to its ease of availability, itis now widely used in non-food applications such as medicines, adhesives, andpapers. Growth in these end-use industries is propelling market growth. Cassavastarch is used in the textile industry for sizing, finishing, and printingbecause of its elasticity, abrasion resistance, and ability to create a bondwith the fiber.

Cassavastarch is used in finishing covering imperfections or defects and providing afinished aspect to the end product. Increasing westernization is strengtheningthe textile sector, which in turn is boosting the cassava starch business.Thegrowing health consciousness, combined with an increase in diabetes incidence,has increased the global demand for artificial sweeteners. The rising demandfor these sweeteners is projected to boost Cassava Flour Market expansion inthe approaching years.

Thedifference in raw material costs, as in the production of cassava starch, isentirely dependent on raw material availability and prices. This aspect ispredicted to stifle market expansion. Price increases, raw material scarcity,and low-quality raw materials will all have a detrimental influence on cassavastarch manufacturing. Furthermore, the economic expansion will have an impacton the prices of various raw materials and other commodities, dampening theCassava Flour Market revenue. Furthermore, rising raw material prices wouldlimit the demand for cassava flour in the next years.

GlobalCassava Flour Market: Segmentation Analysis
TheGlobal Cassava Flour Market is Segmented on the basis of Source, Application,End Use And Geography.

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CassavaFlour Market, By Source
• Organic
• Conventional

Basedon Source, the market is segmented into Organic And Conventional.

CassavaFlour Market, By Application
•Sweeteners
• Chips
• Feed

Basedon Application, the market is bifurcated into Sweeteners, Chips, and Feed.Sweetener derived from cassava flour is predicted to have the greatest marketshare globally, as it is used as a natural sweetener in a variety of food andbeverage products around the world. Consumers’ growing preference forclean-label and natural food ingredients has resulted in increased demand forsweeteners in a variety of food and beverage industries, including bakery,health drinks, carbonated drinks, convenience meals, and others. Consumers arebecoming more health-conscious and conscious of the benefits of naturalsweeteners such as reduced calorie, sugar-free intake, a rich source of energy,and others. The increasing demand for non-caloric and natural sweeteners is thekey motivator for food and beverage makers to develop novel and effective sugarsubstitutes.

CassavaFlour Market, By End Use
•Household Use
• Food Industries
• Bakery and Confectionary

Basedon End-Use, the market is bifurcated into Household Use, Food Industries, andBakery and Confectionary. Because of the increase in the busy lifestyle, the foodand beverage end-use is likely to hold the biggest market share throughout theprojection period. The growing consumer awareness of healthy additions andingredients in food and beverage items, as well as their growing concerns abouttheir health, are the key variables regulating demand and trends.

Manufacturersare focusing heavily on the development and invention of clean-labeled foodsand food ingredients, which has increased the demand for and acceptance offlour as a natural product in the worldwide food and beverage industry.Industrial expansion, technological developments, and increased populationgrowth are all factors driving global demand for cassava flour. Suboptimaltapioca flour manufacturing offers enormous potential and opportunity for newmarket entrants to serve their new and creative flour products.

CassavaFlour Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Cassava Flour Market is classified intoNorth America, Europe, Asia Pacific, and the Rest of the world. The AsiaPacific is the leading producer of cassava flour, and enterprises are locatedin areas where demand for cassava flour is expected to rise during theprojection period. North America is predicted to grow at a rapid pace, owing tothe presence of several worldwide significant companies from many sectors inthe region. During the projected period, increased awareness and urbanizationin Middle Eastern and African countries are expected to enhance the consumptionof raw processed food and the formation of food firms. Furthermore, demand forcassava flour is expanding in the European region, owing to an increase inprocessed food consumption.

KeyPlayers
The“Global Cassava Flour Market” study report will provide a valuable insight withan emphasis on global market including some of the major players such as Siemens Healthineers, AbbottLaboratories, Inc., Roche Diagnostics, Bio-Rad Laboratories, Biomérieux SA.,Mhogo Foods, Mohan Exports (India) Pvt. Ltd, Dadtco Philafrica B.V., WoodlandFoods, Tapioca Vietnam, Vaighai Agro, Psaltry International Limitedamong.

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Last Updated July 16, 2021