Cassava Flour Market set to hit $12.6 billion by 2035, as shift to gluten-free diets drives transformation

Industry revenue for Cassava Flour is estimated to rise to $12.6 billion by 2035 from $6.0 billion of 2024. The revenue growth of market players is expected to average at 6.9% annually for period 2024 to 2035. Cassava flour is critical across several key applications, including Bakery Products, Gluten-Free Food, Ethnic Food and Paper & Textiles Industry. The report unwind growth & revenue expansion opportunities at Product Type, End Use, Packaging Type and Distribution Channel with industry revenue Forecast.

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The Cassava flour market is characterized by intense competition, with a number of leading players such as Terra Ingredients LLC, Otto's Naturals, American Key Food Products, Ekay International Private Limited and Dareslauf Ventures. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Cassava flour market is projected to expand substantially, driven by the Growing Demand for Gluten-Free Foods and Emergence of Paleo and Vegan Diets. This growth is expected to be further supported by Industry trends like Increasing Technological Innovation in Food Processing; and position the market's continued expansion to reach $9.0 billion by 2030. Moreover, the key opportunities, such as Exploring the Gluten-Free Food Sector, Tapping into the High Fiber and Protein Market and championing sustainable farming methods, are anticipated to create opportunistic revenue pockets in major demand hubs including Nigeria, Thailand and Brazil.

The Nigeria, Thailand, Brazil, Indonesia and Vietnam are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 4.5% to 6.6% annually from 2024 to 2035. At the same time, Vietnam, Kenya and Philippines are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Europe are the two most active and leading regions in the market. With challenges like Limited Shelf Life and high processing cost, market Supply Chains from Cultivation & Harvesting / Cassava Processing / Flour Production and to Packaging & Distribution is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Vietnam, Kenya and Philippines for expansion of the total addressable market (TAM).

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