Global Cassava Market By, Application

Synopsis
The above chart is Global Cassava Market By, Application (USD Million)

Market Dynamics

the global cassava market is witnessing a high demand due to its versatile and wide range of applications across various industries. cassava, also known as tapioca, yuca or manioc, is a root crop native to south america and has become a staple food in many developing countries. it is a resilient crop with high adaptability to different soil and climatic conditions, making it an important crop for food security and income generation in many regions. one of the major applications of cassava is in the food industry. it is used in various forms such as flour, starch, chips, and pellets in the production of a wide range of food products. cassava flour is gluten-free and has a high demand among health-conscious consumers, driving its use in the bakery industry for gluten-free bread and other products. cassava starch is widely used as a thickener in food processing, while cassava chips and pellets are used as animal feed. the industrial sector is another major application area for cassava. the starch extracted from cassava is used as a raw material in the production of various products such as biofuels, paper, and textiles. cassava starch is also used in the production of adhesives, glues, and coatings, thereby increasing its demand in the industrial sector. with the increasing use of biofuels, the demand for cassava as a source of starch is expected to grow significantly in the coming years. cassava has also gained attention in the pharmaceutical industry due to its medicinal properties. it contains compounds such as flavonoids and saponins that have antioxidant and anti-inflammatory properties. it is widely used in traditional medicine for the treatment of various illnesses such as fever, diarrhea, and skin diseases. the growing demand for natural and herbal medicines is expected to drive the demand for cassava in the pharmaceutical industry. furthermore, cassava has a significant role in the production of animal feed. it is used as a substitute for traditional feed ingredients such as corn, wheat, and soybean due to its high starch content and low cost. the use of cassava as animal feed is expected to increase as livestock production continues to rise to meet the growing demand for meat and dairy products. in conclusion, the global cassava market is witnessing a high demand due to its diverse applications in the food, industrial, pharmaceutical, and animal feed industries. with its numerous benefits and growing popularity, cassava is expected to continue to have a strong demand in the global market.