Australia & New Zealand Cassava Market By, Application

Synopsis
The above chart is Australia & New Zealand Cassava Market By, Application (USD Million)

Market Dynamics

the demand for cassava in australia and new zealand has been steadily increasing over the years, driven by its versatile applications across various industries. this starchy tuber crop is a staple food in many parts of the world, but its uses extend far beyond just food. with its high nutritional content and easy cultivation, cassava is gaining popularity in both countries as a multipurpose crop. one of the primary uses of cassava in these markets is in the food industry. it is used to make various flour-based products like bread, cakes, and cookies, providing an affordable and gluten-free alternative for people with dietary restrictions. additionally, cassava is a common ingredient in traditional dishes in both australia and new zealand, contributing to the demand for this crop. in recent years, there has been a surge in demand for cassava in the energy industry. cassava is an excellent source of biofuel, and its production for this purpose has been on the rise. the australian government has been promoting renewable energy resources, and cassava has emerged as a viable option due to its high yield and low production costs. similarly, in new zealand, cassava is being used to produce bioplastics, further driving its demand in the market. another emerging market for cassava is the animal feed industry. with the growth of the livestock sector in both countries, there has been an increase in the use of cassava as a feed ingredient. its high protein content and easy digestibility make it a suitable option for animal feed products, and many feed manufacturers have now started incorporating cassava into their products. furthermore, cassava is also seeing a rise in demand in the textile industry. cassava starch is used to produce biodegradable plastics, which are being increasingly used as a sustainable alternative to traditional plastics in the textile industry. its application in this industry is expected to grow in the coming years, further boosting the demand for cassava in the market. in conclusion, the demand for cassava in australia and new zealand is expected to continue growing in the foreseeable future, driven by its diverse applications in various industries. as consumers become more health-conscious and environmentally conscious, the versatility and sustainability of cassava make it an ideal choice for a wide range of uses, making it a valuable crop for both countries.