India Cassava Market By, Form

Synopsis
The above chart is India Cassava Market By, Form (USD Million)

Market Dynamics

cassava is a staple crop in india and the demand for it has been steadily increasing in recent years. the indian cassava market is mainly driven by the food processing industry, which uses cassava flour and starch as an ingredient in various products. the demand for cassava has also been driven by its versatility and wide range of applications in the food and non-food industries. one of the main reasons for the growing demand for cassava in india is its affordability and accessibility. cassava is a highly productive crop that can be grown in different agro-climatic conditions, making it easily available throughout the country. this has made cassava an essential ingredient in the indian diet, especially in rural areas where it is often used as a substitute for wheat and rice. the food processing industry is a major driver of the demand for cassava in india. cassava flour and starch are used in the production of various food products such as noodles, bread, biscuits, and confectionery. with the rise in demand for processed and convenience foods in india, the demand for cassava is expected to continue to grow. moreover, cassava starch is also used in the textile and paper industries, further increasing its demand. the non-food sector also plays a significant role in the demand for cassava. in the animal feed industry, cassava is used as a nutritional supplement, especially for ruminants. cassava chips, pellets, and cassava residue are also used in the production of biofuels. with initiatives to promote the use of renewable fuels in india, the demand for cassava in this sector is expected to increase in the coming years. the indian government has also taken several measures to boost the production and demand for cassava in the country. one such initiative is the minimum support price (msp) for cassava, which provides farmers with a fixed price for their produce and encourages them to increase their cassava cultivation. the government has also incentivized the use of cassava in various industries by providing subsidies for processing and marketing. in conclusion, the demand for cassava in india is driven by the food processing and non-food industries, its affordability and versatility, and government initiatives. with the increasing demand for processed and convenience foods, along with the rising focus on renewable fuels, the demand for cassava is only expected to increase in the future.