Cassava is used to make gluten-free flour, animal feed, confectionary products, and a substitute of sucrose in beverages. It is also used in the laundry industry for starching of garments before ironing to give a better look. Cassava is rich in gluten-free carbohydrates, which helps to prevent gluten intolerance and food allergies. Cassava is helpful in reducing cholesterol level owing to the high amount of fiber content. It is a rich source of calcium, manganese, and iron, which is beneficial for pregnant women. Cassava is neutral in taste, and it encourages overeating by providing feeling of fullness. Increased awareness regarding the health benefits of cassava has fueled the growth of the global cassava market. However, consumer shift towards organic cassava is anticipated to hamper the market growth of global cassava over the forecast period.
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Major Key Players
Some of the key players in the Cassava Market are Venus Starch Suppliers (India), American Key Food Products LLC (U.S.), Cargill (U.S.), Ingredion Inc. (U.S.), Tate & Lyle (U.K.), Grain Millers, Inc. (U.S.), PARCHEM fine & specialty chemicals (U.S.)
On the basis of form, the market is segmented into chips, animal feed, flour, pellets and pearls, and others. Among all, chips, pellets, and pearls forms have the highest share in the market. These forms are easy to synthesize and have a wide range application.
The global cassava market is segmented on the basis of application, which includes food and beverage, animal feed, and others. Among all, the food and beverage segment holds a major share followed by industrial applications. It is used in the making of gluten-free flour owing to high carbohydrate content, which is beneficial for gluten intolerance patients. It is also used in the laundry industry owing to high starch content.
The demand for Cassava Market has increased from the food & beverage and commercial industries. Top exporters of cassava across the globe are Thailand, Vietnam, Cambodia, and the Netherlands
In Asia Pacific region, China, Thailand and Indonesia are the major consumers of cassava. Moreover, North America region is expected to grow rapidly owing to high demand for gluten-free carbohydrate food in the population during the forecast period 2017-2024. Furthermore, China, Thailand, the U.S., Vietnam, and Spain are the major importers of cassava.
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