The cassava market represents a vital segment of the global agricultural and industrial raw materials sector, characterized by its versatility and high production volume. Cassava, also known as manioc or yuca, serves as a key source of starch, flour, animal feed, and biofuel. According to MRFR analysis, the market size was estimated at USD 198.9 billion in 2024. The industry is projected to grow from USD 207.22 billion in 2025 to USD 312.15 billion by 2035, exhibiting a compound annual growth rate of 4.18% during the forecast period. This steady growth reflects increasing global demand for cassava-based products in both food and industrial sectors.

Key Growth Drivers

Rising demand for starch-based and processed food products is a primary driver of the cassava market. Cassava-derived starch is widely used in baking, confectionery, and snack production, offering functional properties such as thickening, binding, and texturizing. Additionally, its gluten-free nature has positioned cassava as a preferred ingredient in health-conscious and specialty foods, contributing to steady market expansion.

Role in Industrial and Biofuel Applications

Cassava’s versatility extends to industrial and biofuel applications, enhancing market demand. Its high starch content makes it an ideal feedstock for bioethanol, biodegradable plastics, adhesives, and paper products. The growing emphasis on renewable energy and sustainable industrial materials is driving increased cassava utilization in bio-based sectors. This multi-sectoral adoption supports the projected market growth from USD 207.22 billion in 2025 to USD 312.15 billion by 2035.

Industry Trends Influencing Market Expansion

A key trend shaping the cassava market is the development of value-added cassava products and innovations in processing technologies. Enhanced cassava processing methods are improving efficiency, product quality, and shelf life. Furthermore, increasing research into cassava derivatives for functional foods, pharmaceuticals, and industrial applications is broadening market opportunities. These trends contribute to the market’s steady CAGR of 4.18% during the forecast period.

Opportunities Across Consumer and Industrial Segments

The cassava market presents substantial opportunities across food, feed, and industrial segments. Rising urbanization, expanding food processing industries, and growing demand for renewable raw materials are fueling market growth. Enhanced supply chain management, mechanized farming, and investment in processing facilities further strengthen market potential. The projected expansion to USD 312.15 billion by 2035 highlights long-term opportunities for producers, manufacturers, and investors in the cassava value chain.

Market Dynamics and Industry Developments

Market dynamics in the cassava industry are influenced by production efficiency, pricing trends, and end-use adoption. Producers are increasingly focusing on mechanized cultivation, improved crop yields, and sustainable farming practices to meet growing demand. Industry discussions also emphasize the strategic use of cassava in bioethanol production, starch exports, and processed food applications. These developments are reinforcing market growth and strengthening its global significance.

Regional Market Perspective

The cassava market demonstrates strong growth potential in regions with high agricultural productivity, industrial demand, and food processing infrastructure. Asia-Pacific, Latin America, and Africa are key contributors due to extensive cultivation and increasing industrial utilization. The projected CAGR of 4.18% during 2025–2035 reflects stable growth across both established and emerging markets, highlighting cassava’s global relevance as a versatile raw material.

Future Outlook and Market Forecast

The future outlook for the cassava market remains positive, driven by increasing food and industrial applications, rising consumer awareness of functional ingredients, and the global shift toward renewable resources. With the market expected to reach USD 312.15 billion by 2035, cassava is anticipated to maintain its importance across food, biofuel, and industrial sectors. Continued focus on technological innovation, supply chain efficiency, and product diversification will sustain market growth throughout the forecast period.

Conclusion

In conclusion, the cassava market is poised for sustained growth, driven by its versatility, industrial relevance, and increasing applications in food and renewable sectors. Valued at USD 198.9 billion in 2024 and projected to grow steadily through 2035, the industry reflects strong demand for functional, sustainable, and value-added cassava products. As global consumption and industrial adoption expand, cassava is set to remain a high-growth and strategically important segment within the global agricultural and industrial landscape.

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