What is Global Cassava Pulp Market?
The Global Cassava Pulp Market is a vast and dynamic sector that revolves around the production, distribution, and consumption of cassava pulp worldwide. Cassava pulp, a by-product of cassava, is a significant source of energy and is used in various industries due to its high carbohydrate content. The market's value was estimated at US$ 145.7 million in 2022, and it is projected to grow to US$ 191.6 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029. The Asia-Pacific region is a major player in this market, accounting for about half of the global market share.
Dried Cassava Pulp, Wet Cassava Pulp in the Global Cassava Pulp Market:
The Global Cassava Pulp Market is segmented into two types: Dried Cassava Pulp and Wet Cassava Pulp. Dried Cassava Pulp is the most dominant type, holding approximately 60% of the market share. This is due to its longer shelf life and ease of transportation compared to Wet Cassava Pulp. On the other hand, Wet Cassava Pulp is also used but to a lesser extent due to its shorter shelf life and difficulty in transportation. Both types of cassava pulp are used in various industries, including animal feed, fertilizer, renewable energy, and others.
Animal Feed, Fertilizer, Renewable Energy, Others in the Global Cassava Pulp Market:
The Global Cassava Pulp Market finds its applications in several areas, including Animal Feed, Fertilizer, Renewable Energy, and others. The Animal Feed sector accounts for about 80% of the global market share, making it the largest consumer of cassava pulp. This is because cassava pulp is a cost-effective and nutritious feed ingredient for livestock. It is rich in carbohydrates, providing the necessary energy for animals. In the Fertilizer industry, cassava pulp is used as a natural and organic soil enhancer. It improves soil fertility and promotes plant growth. In the Renewable Energy sector, cassava pulp is used to produce biofuel and biogas, contributing to sustainable and clean energy solutions. The other applications of cassava pulp include its use in the food and beverage industry, pharmaceuticals, and more.
Global Cassava Pulp Market Outlook:
To rephrase the market outlook, the Global Cassava Pulp Market is a growing industry with a promising future. In 2022, the market was valued at US$ 145.7 million and is projected to increase to US$ 191.6 million by 2029, growing at a CAGR of 4.0% during the forecast period of 2023-2029. The Asia-Pacific region is a significant contributor to this market, holding about 50% of the global market share. When it comes to the types of cassava pulp, dried cassava pulp is the most prevalent, accounting for about 60% of the market share. As for the applications of cassava pulp, the animal feed sector is the largest consumer, making up about 80% of the global market share.
| Report Metric | Details |
| Report Name | Cassava Pulp Market |
| Accounted market size in 2023 | US$ 151.2 million |
| Forecasted market size in 2029 | US$ 191.6 million |
| CAGR | 4.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | ROI ET Group, FOCOCEV, Guangxi high starch co., LTD, Hung Duy, SPAC Tapioca, Banpong Tapioca, Thai Wah, Bangkok Starch, TCS Tapioca Starch Industry Co., Ltd., Thanawat Group, North Eastern Starch, CP Intertrade, Chaiyaphum Plant Products, PT. Budi Starch & Sweetener |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
