The global cassava processing market has witnessed a
moderate growth over the past few years. Some of the major driving factors
include expanding applications, growing population and strong demand from food
and animal feed industry.
IMARC Group’s latest report, titled “Cassava Processing
Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2017-2022”, finds that the global cassava processing market reached a volume of
around 279 Million Tons in 2016, growing at a CAGR of around 2.5% during
2009-2016. Cassava is a tropical crop which is easy to grow and harvest even
during the adverse conditions. It serves as a staple food for a major portion
of the global population living in the tropical and sub-tropical regions. As a
result of its high perishability, cassava is processed into a number of
products such as flour, starch, chips, fillets, etc. Processing enhances the
value of the product by reducing its weight, lessening post-harvest losses,
removing naturally occurring toxins and extending its shelf life.
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Highlights of the Global Cassava Processing Market:
- Expanding applications coupled with a strong demand from the food industry remain the primary growth driving factors.
- In terms of consumption, food use accounts for a half of the global market share.
- Nigeria accounts for a fifth of the market share, representing the largest market.
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The market has been segmented on the basis of end-use.
Currently, food use accounts for a half of the global market share. On the
basis of region, Nigeria represents the leading producer of cassava. Some of
the other markets include Thailand, Indonesia, Brazil and Congo. Some of the
key players operating in the market are Avebe U.A., Global Bio-Chem Technology
Group, Penford Corp, Cargill Incorporated and Ingredion.
The report has examined the global cassava processing market
on the basis of:
End-use:
- Food use
- Feed use
- Others
Region:
- Nigeria
- Thailand
- Indonesia
- Brazil
- Congo
- Others
Major Manufacturers:
- Avebe U.A.
- Global Bio-Chem Technology Group
- Penford Corp
- Cargill Incorporated
- Ingredion
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