Cassava Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In 2025 the market is expected to be worth $207.22 billion, and in 2034 it will be worth $299.5 billion. It will have grown at a CAGR of 4.2% over the forecast period. The steady growth in the market is a result of the increasing demand for cassava as a versatile crop, which is used not only for food but also for industrial purposes, including biofuels and bioplastics. The development of agricultural technology is also contributing to the market growth. In particular, the development of new seed varieties and the use of modern farming methods is enabling farmers to increase their yields. Moreover, the growing trend towards sustainable agriculture and the use of plant-based foods is driving the popularity of cassava in both developed and developing countries. In order to take advantage of this growth, leading companies such as Cargill and DuPont are investing in research and development, entering into strategic alliances, and launching new products. These moves will further strengthen cassava’s position in the market and help it to meet changing consumer preferences and industrial requirements.

Regional Market Size

Regional Deep Dive

The cassava market is experiencing a dynamic growth in various regions, driven by the increasing demand for gluten-free foods, biofuels and animal feed. In North America, the cassava market is characterized by the growing interest in cassava as a sustainable crop, while Europe is mainly concerned with its food applications. The Asia-Pacific region, being the largest producer of cassava, is experiencing a boom in the development of new processing methods. In the Middle East and Africa, cassava is being used for food security and economic development, while Latin America is strengthening its export capacities. Each region is characterized by its own opportunities and challenges, depending on local agricultural practices, consumers' preferences and legislation.

Europe

• European countries are increasingly adopting cassava as a key ingredient in gluten-free products, with brands like Schär leading the way in innovative formulations.
• The European Union's Green Deal is pushing for sustainable agricultural practices, which may enhance the market for cassava as an eco-friendly crop.

Asia Pacific

• Countries like Thailand and Vietnam are investing in advanced processing technologies to improve the quality and shelf-life of cassava products, enhancing their competitiveness in global markets.
• The Asian Development Bank is funding projects aimed at improving cassava farming practices, which is expected to boost yields and farmer incomes in the region.

Latin America

• Brazil is focusing on enhancing its cassava export capabilities, with government programs aimed at improving processing facilities and market access for farmers.
• Innovations in cassava-based bioplastics are emerging in Colombia, with local startups exploring sustainable alternatives to traditional plastics.

North America

• The rise of gluten-free diets has led to increased interest in cassava flour, with companies like Bob's Red Mill and Otto's Naturals expanding their product lines to include cassava-based options.
• Recent regulatory changes in the U.S. have encouraged the use of cassava in biofuel production, with initiatives from the Department of Energy promoting sustainable energy sources.

Middle East And Africa

• In Nigeria, the government has launched initiatives to promote cassava as a staple food and cash crop, aiming to improve food security and economic stability.
• Organizations like the International Institute of Tropical Agriculture (IITA) are working on developing disease-resistant cassava varieties to enhance productivity in African countries.

Did You Know?

“Cassava is the third-largest source of carbohydrates in the tropics, following rice and maize, and it can yield up to 30 tons per hectare under optimal conditions.” — Food and Agriculture Organization (FAO)

Segmental Market Size

In Africa and in the countries of Asia, cassava is the staple food. The cassava products sector is currently experiencing a boom, driven by the growing demand for gluten-free foods and the growing popularity of cassava-based snacks and flours. Also, the sustainable development and food security agendas are boosting the demand for cassava, which is a resistant crop that can be grown in diverse climates. It is now a mature market. We can cite PepsiCo, which has launched cassava-based snacks, and local producers in Nigeria and Thailand, which are scaling up production. The versatility of cassava is illustrated by its main uses: food, animal feed and biofuel. Moreover, the growing trend towards vegetarianism and the fact that governments are promoting the cultivation of cassava as a way of ensuring food security are accelerating the sector’s growth. Also, the technological advances in breeding and processing are enabling the sector to achieve higher yields and improve the quality of its products.

Future Outlook

The Cassava Market is expected to grow at a CAGR of 4.2% between 2025 and 2034. The growth is driven by the increasing demand for cassava as a staple food, especially in developing regions, and the increasing use of cassava in various industrial applications, such as biofuel, animal feed, and food processing. The versatility of cassava will be recognized, and its penetration into the market will increase, especially in emerging economies. In the long run, the proportion of cassava in new products will increase from the current level of approximately 20% to about 30%. The development of agricultural technology, such as the use of improved varieties and the implementation of sustainable farming methods, will play an important role in the development of the market. Also, the policy of promoting food security and agricultural innovation will also stimulate market growth. The trend towards gluten-free and plant-based diets will increase the demand for cassava as a healthy alternative to other grains. All these factors will converge to create a new market for cassava, bringing new business opportunities to the entire supply chain.