According to the study, Growing Consumer Preference for Cassava as an Alternative Source of Carbohydrates is one of the primary growth factors for the market. Rising Inclination of the Population towards Healthy Food Products and Food Ingredients
is also expected to contribute significantly to the Cassava market. Overall, Food and Beverage
applications of Cassava, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Otto's Naturals (United States), Ingredion Inc. (United States), Cargill Incorporated (United States), Parchem Fine & Specialty Chemicals (United States), Archer Daniels Midland Company (United States), Psaltry International Limited (Nigeria), Cargill Incorporated (United States), Tate & Lyle Plc (UK), Dadtco Philafrica B.V. (Netherlands) and Roquette Frères (France) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Cassava market identified that the demand is rising in many different parts of the world as "Increasing Technological Advancements to Enhance Cassava Production
". Furthermore, some recent industry insights like "On 11th August 2022, Psaltry International, a Nigerian agro-processing company, partnered with Unilever Nigeria, and FCMB to establish Africa’s first cassava-based Sorbitol factory in Oyo State. This inauguration enhanced the importation of raw materials for local production and generated employment for numerous residents, thereby expanding the company’s operational abilities." is constantly making the industry dynamic. One of the challenges that industry facing is "Declining Soil Fertility and Poor Farming Practices"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Cassava market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Cassava market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Cassava market tight? Which application/end-user category or Product Type [Flour, Chips, Pellets and Pearls] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cassava market and other related sub-markets covered in the study.
o Key & emerging players in the Cassava market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Cassava market size is calculated using market estimation process, the Cassava market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cassava market size has been validated using both top-down and bottom-up approaches.