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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4.5%
The manioc flour market is being driven by the accelerating demand for food products like cassava from the food industry. The growing health awareness among consumers who are wary of consuming products, including grain, gluten, and nuts, is also significantly contributing towards the rising demand for manioc flour as it is free of these elements, as a result aiding the market growth for the same. The emerging health diets and the growing awareness is expected to aid the market over the forecast period. Manioc flour has been successful in replacing wheat flour in various products due to its grain-free, gluten-free, and nut-free nature. The product has found use in baking and is used commercially, as a result, aiding the market growth.
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Industry Definition and Major Segments
The manioc flour industry is divided on the basis of source into:
By type, the industry is categorised into:
• Sweet Manioc Flour
• Bitter Manioc Flour
On the basis of distribution channel, the industry is segmented into:
• Direct Sales
• Indirect Sales
Based on application, the industry is bifurcated into:
The regional markets for the product are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa.
The market for manioc flour is being driven by the emerging diets promoting the use of gluten-free products. As the population is becoming knowledgeable about these diets, they are adopting the manioc flour for daily purposes. Furthermore, inflating disposable income, rapid urbanisation, and changing lifestyles are together, propelling the market growth of manioc flour. In addition, the rising penetration of the internet and the consequent use of social media is enhancing the widespread knowledge of new diets and inventive recipes incorporating trending ingredients. This is further expected to support the growth of the manioc flour industry over the forecast period.
Key Market Players
The major players in the market are Otto’s Naturals, Mhogo Foods Limited, Bob’s Red Mill Natural Foods, and Woodland Foods, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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