Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) — The “Cassava Flour Market Size, Share & Trends Analysis by Product (Conventional Cassava Flour, Organic Cassava Flour), Application, Distribution Channel (Supermarkets & Hypermarkets), and Region, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
The global cassava flour market was estimated at USD 4.74 billion in 2023 and is expected to grow at a CAGR of 6.3% from 2024 to 2030. The market is experiencing significant growth driven by various factors that cater to changing consumer preferences and market dynamics.
One of the primary drivers is the increasing demand for functional foods. As consumers become more health-conscious, there is a notable shift towards foods that offer health benefits, such as higher fiber content and gluten-free options. Cassava flour meets these demands effectively, being naturally gluten-free and rich in carbohydrates and fiber, which supports digestive health and provides sustained energy. This trend is fostering innovation in product development, leading to a broader acceptance of cassava flour in health-oriented food products.
Another critical factor propelling the industry is the expansion of the food and beverage industry. With urbanization and a growing working population, particularly in emerging economies like India and China, there is an escalating need for convenient food options. Cassava flour’s versatility makes it an attractive ingredient for various applications, including baked goods, snacks, and gluten-free products. Its ability to align with the rising trend of plant-based diets further enhances its appeal, allowing manufacturers to cater to a diverse consumer base seeking healthier alternatives.
The growing awareness of nutritional benefits associated with cassava flour is also a significant driver. As consumers become more informed about the foods they consume, there is an increasing preference for ingredients that provide health benefits. Cassava flour’s higher fiber content compared to other gluten-free flours positions it as a nutritious alternative that not only meets dietary restrictions but also contributes positively to overall health. This awareness is leading to greater consumer demand for products containing cassava flour, thereby boosting market growth.
Technological advancements in food processing and production are enhancing the industry landscape as well. Innovations in processing methods have improved the quality and functionality of cassava flour, making it more appealing to manufacturers and consumers alike. The development of clean-label products-those free from artificial additives-has become a priority for many food producers. Cassava flour fits well into this category, offering a natural ingredient that aligns with consumer preferences for transparency and healthfulness in food products.
The rise of e-commerce has transformed how consumers access food products, including cassava flour. Online retail platforms provide convenience and a wider selection of products, enabling consumers to explore various brands and types of cassava flour easily. This shift towards digital shopping is particularly pronounced among younger consumers who prioritize convenience and variety in their purchasing decisions. As online sales channels continue to grow, they are expected to significantly contribute to the overall expansion of the cassava flour industry.
The increasing demand for gluten-free options across various demographics has created substantial opportunities for cassava flour. With rising incidences of gluten intolerance and celiac disease, more consumers are seeking gluten-free alternatives in their diets. Cassava flour’s inherent properties make it an ideal substitute for wheat flour in many recipes, further solidifying its position in both home cooking and commercial food production. The trend towards gluten-free diets is expected to continue driving demand for cassava flour as a staple ingredient in gluten-free formulations.
The cassava flour industry faces several challenges that could hinder its growth and stability. One major issue is raw material scarcity and price volatility. The production of cassava flour relies heavily on the availability of high-quality cassava roots, which can be affected by various factors such as climate change, pests, and diseases. These variables lead to inconsistent yields, making it difficult for producers to maintain a steady supply chain. Additionally, fluctuations in raw material prices can significantly impact production costs, ultimately affecting the pricing of cassava flour in the market. This unpredictability can deter investment and limit the profitability of cassava flour businesses, creating a challenging environment for both small-scale farmers and larger manufacturers.
Another significant challenge is related to post-harvest losses and processing inefficiencies. Many regions lack adequate infrastructure for the storage and processing of cassava, leading to substantial waste after harvesting. Insufficient facilities can compromise the quality of cassava flour and increase operational costs for producers. Moreover, cassava contains naturally occurring cyanogenic compounds that can be toxic if not processed correctly. Ensuring safe processing methods is crucial but can be resource-intensive and complex, posing additional barriers for producers. The combination of these factors not only affects supply but also contributes to a lack of consumer confidence in cassava flour products, further complicating market expansion efforts.
Cassava Flour Market Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global cassava flour market report based on the product, application, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2018 – 2030)
- Conventional Cassava Flour
- Organic Cassava Flour
Application Outlook (Revenue, USD Million, 2018 – 2030)
- Food & Beverage
- Animal Feed
- Pharmaceutical
- Personal Care & Cosmetics
- Others
Distribution Channel Outlook (Revenue, USD Million, 2018 – 2030)
- Supermarkets & Hypermarkets
- Convenience Stores
- Grocery Stores
- Online Retailers
Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia-Pacific
- Central & South America
- Middle East & Africa
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
Key Attributes
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $4.74 Billion |
| Forecasted Market Value (USD) by 2030 | $7.24 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Major Companies Profiled in this Cassava Flour Market Report
- DADTCO Rivers Cassava Processing Company
- Psaltry International
- PT Agromoda Solution Indonesia
- Green Hills Natural Foods
- MHOGO Foods
- Mocaf Factory
- Cargill
- Archer Daniels Midland Company (ADM)
- Grain Millers, Inc.
- Tereos Group
- Thai Wah Public Company Limited
- Roquette Freres
- Emsland Group
- Ingredion Incorporated
- Otto’s Naturals
For more information about this report visit https://www.researchandmarkets.com/r/4s7cam
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