Cassava Flour Market

Cassava Flour Market Size and Forecast (2023-2028):

The Global Cassava Flour Market size is expected to grow at a CAGR of 6.4% during the forecast period 2023-2028 to reach USD 49.7 billion by 2028 from USD 41.4 billion in 2022.

Market Overview:

A versatile gluten-free alternative to traditional flour, cassava flour originates from the cassava tuber. Cassava is the third-largest source of dietary carbohydrates in the tropics, following rice and maize. The cassava roots are peeled, dried, and crushed to produce fine, flavorless flour, which is white. This flour is naturally free of grains and suitable for a variety of dietary restrictions, such as gluten-free and paleo dietary plans. It has a similar texture to wheat flour and can be used in baking, frying, and as a thickening agent. Cassava flour is high in carbs and retains more fiber than other gluten-free flour. Blood sugar and cholesterol regulation, weight loss, and gastrointestinal health can all benefit from cassava flour.

REPORT COVERAGE:

Drivers:

One of the major drivers of market growth is the rising trend of gluten-free products. Recently, more people are opting for gluten-free diets as they are becoming more aware of health and overall wellness. Due to health considerations and dietary preferences, there is an increasing demand for cassava flour due to its nutritional and health benefits. Consumers with celiac disease or gluten sensitivity, as well as those looking for healthier solutions, are attracted to it because of its capacity to replicate the texture of wheat flour while being free from gluten.

Another significant driver of the cassava flour market growth is the growing demand for functional foods globally. As health-conscious consumers are increasingly preferring functional foods, the demand for cassava flour is increasing among these people. Cassava flour fits in perfectly with the functional food trend owing to its naturally higher fiber content, gluten-free qualities, and potential health benefits. As a result of its ability to fulfill various dietary requirements and support a balanced diet, it is in high demand as an ingredient for foods that promote healthy digestion, disease prevention, and overall well-being. This demand promotes innovation, product diversification, and promotional strategies that make use of cassava flour, hence enhancing its significance in the functional food market.

Also, the growing awareness about the nutritional benefits of cassava flour is propelling the cassava flour market demand. Cassava flour is becoming more popular as consumers grow more informed about the composition and significance of the foods they prefer as a result of its unique qualities. Cassava flour, which is especially high in carbohydrates and fiber, offers itself as a potential source of long-lasting energy and better digestive health. Cassava flour's ability to satisfy dietary restrictions is further enhanced as it is a gluten-free alternative. Cassava flour is gaining popularity as a more nutritious alternative as it has more fiber than other gluten-free flour. This nutritional enrichment is contributing to boosting the demand for the market.

Restraints:

One of the major restraints on the cassava flour market expansion is the limited knowledge and awareness about cassava flour. Many consumers, chefs, and manufacturers are still unaware of the advantages and uses of cassava flour. Due to this, there is less demand for cassava flour, and people prefer to buy other alternatives available in the market as they are aware of them. This lack of understanding of cassava flour can result in hesitation to try products made with it, uncertainty when adding it to culinary creations, and missed opportunities for new food products made from cassava flour. This is majorly restraining the expansion of the market size.

Another considerable restraint for the market demand is the growing competition from other alternative flours. Numerous kinds of alternative flours, including almond flour, coconut flour, and chickpea flour, have become effective alternatives to traditional wheat flour due to the rising popularity of gluten-free and healthier diets. These substitutes draw attention from consumers and shift demand away from cassava flour as they have a range of nutrients and distinctive flavors. The availability of these other flour substitutes in the market is significantly restricting the demand for cassava flour and, hence, declining the shares of the market.

Opportunities:

A substantial opportunity for the cassava flour market growth is offered by expanding the food and beverage industries globally. As these industries are growing rapidly, there is an increased demand for various kinds of ingredients, which helps them to attract a larger consumer base. Cassava flour is important for product innovation and diversification as consumer preferences shift towards healthier, gluten-free, plant-based, and more natural alternatives. Cassava flour meets the market's demand for adaptable, clean-label ingredients and takes into consideration changing dietary trends ranging from functional foods to plant-based substitutes to gluten-free baked products. The addition of it to several products, such as bakery products, drinks, snacks, and ethnic cuisines, can not only satisfy consumer demand but also boost market expansion by fulfilling the changing requirements of the food and beverage industry. This can help the market to grow significantly in the coming years.

COVID-19 Impact on Cassava Flour Market:

The cassava flour market was negatively impacted by COVID-19. The pandemic offered various challenges for cassava flour sales and its reach globally as certain rules and regulations arose due to the COVID situation. Cassava is not grown in all regions; it is mainly cultivated in the tropics, where transportation and logistics become the main key for the cassava flour market to reach end-users all over the world. Hence, during the pandemic, restrictions on transportation and logistics significantly contributed to hampering the market demand and expansion. Also, supply chain disruptions and labor shortages affected the production and distribution of cassava flour. Additionally, the economic uncertainties led to fluctuations in demand due to affected consumer spending. The closure of the food & beverage industry, bakeries, restaurants, etc., also affected the sales of the market.

Cassava Flour Market Segmentation Analysis:

By Source:

• Organic
• Conventional

By source, the organic segment is anticipated to dominate the cassava flour market growth during the forecasted period. The conventional segment is expected to grow at the fastest rate in the coming years. Conventional cassava flour is produced by traditional farming practices, which may include chemicals like pesticides and fertilizers. Compared to organic cassava flour, this segment is cost-effective and hence attracts a broader consumer base. This factor is influencing the shares of the market.

By Application:

• Sweeteners
• Chips
• Feed

By application, the sweeteners segment is anticipated to rule the cassava flour market share during the projected period. The natural sugars in cassava flour can be extracted and produce sweeteners that can replace refined sugars in various foods and beverages. These sweeteners can satisfy the requirements of consumers seeking healthier alternatives with less glycemic index. However, the chips segment is expected to grow significantly in the upcoming years. Because making gluten-free and grain-free snack chips with cassava flour is an increasingly popular trend, these chips provide an alternative to traditional potato or corn chips and are an excellent choice for consumers with dietary restrictions or those looking for unique and interesting snack options, leading to a boost in the demand for cassava flour in this segment.

By End Use:

• Household Use
• Food & Beverage industry
• Animal Feed
• Others

By end use, the food and beverage industry segment is dominating the cassava flour market share during the anticipated period. Cassava flour is widely used in the preparations of food and beverages. It is used as an essential ingredient in gluten-free pasta, baked goods, snacks, and other food products. Its adaptability and nutritional benefits make it an attractive option for producers aiming to satisfy a wide range of dietary preferences, gluten-free demands, and health-conscious consumers. This is leading to boosting the demand for cassava flour in this segment. However, the animal feed segment is expected to grow at the fastest rate during the forecasted period. Cassava flour is valued for the energy it offers to livestock diets and the amount of carbohydrates it contains. This promotes the growth and overall health of the animals, which is promoting the market demand.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

By Region Analysis:

By region, North America is anticipated to rule the cassava market shares during the projected period. Owing to the enhanced production of cassava in the region, this availability of raw material leads to the production of an increased amount of cassava flour and, hence, the rising use of it in gluten-free baking and cooking processes at households & commercial levels. Also, the expanding food and beverage industries are contributing to an increase in the demand for cassava flour in this region. However, Asia Pacific is expected to grow at the fastest CAGR during the forecasted period.

Key Players in the Market:

Major Key Players in the Global Cassava Flour Market are

• Siemens Healthineers
• Abbott Laboratories, Inc.
• Roche Diagnostics
• Anthonys Goods
• Otto's Naturals
• American Key Food Products
• Food to Live
• GEM Farmers Way
• Pamelas Products
• Ciranda and Carrington Farms