Global Cassava Market

The global cassava market is experiencing significant growth, projected to reach between US$220.9 billion and US$299.62 billion by 2030-2034, with a compound annual growth rate (CAGR) of about 4.0% to 4.4%. Key drivers include the rising demand for gluten-free products, increasing use of cassava starch in the food and beverage industry, and its role in bioethanol production and animal feed. The food industry is the largest segment, and Asia-Pacific holds the largest market share.

Market size and growth

Its market value is estimated at around US$164 billion in 2023, with projections reaching up to US$299.4 billion by 2030 at an expected CAGR of approximately 4.4% between 2030 and 2034.

Key drivers and trends

Gluten-free demand. The increasing popularity of gluten-free foods is a major growth factor, as cassava flour and starch are used in gluten-free baked goods and pasta.

Food and beverage industry: The food industry, particularly the beverages sector, is a primary consumer, using cassava for sweeteners, snacks, and as a versatile starch.

Industrial applications: Cassava is increasingly used in other industries, including bioethanol production and as an ingredient in animal feed.

Sustainability: Cassava's drought and pest resistance, coupled with its ability to grow on marginal land, makes it an attractive and climate-resilient staple, supporting demand for sustainable food supply chains.

Market segments

End-Use: The food industry is the largest segment, followed by the bioethanol and animal feed sectors.

Form: Liquid cassava products generate the most revenue, while solid forms are the fastest-growing segment.

Geography: Asia-Pacific is the leading region for cassava market share.

Challenges

Climate: Weather patterns and diseases like the African cassava mosaic disease pose risks to production.

Costs: High production costs can be a limiting factor.

Trade restrictions: Trade restrictions can also impact market growth.