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Monday, June 7, 2021

Asia Pacific Cassava Processing Market to be driven by the global market growth in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Asia Pacific Cassava Processing Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Asia Pacific cassava processing market, assessing the market based on its segments like product type, application and major regions like Indonesia, China, Thailand, Vietnam, Japan, and the Philippines, among others The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/apac-cassava-processing-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020 ): 261 million tons
  • Forecast CAGR (2021-2026 ): 3%

The market for Asia Pacific cassava processing has seen substantial growth due to factors such as its growing applications in the end-use industries. It is also widely used in the textile industry as a stiffening and protective agent to improve the thread’s weaving speed. It may also be used as a substitute for maize or barley in animal feed. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the Asia Pacific cassava processing market. The increased use of cassava in the food industry has a major impact on the demand for processed cassava. Cassava flour is commonly used in the production of bakery goods such as cakes, biscuits, cookies, and bread. Processed cassava is commonly used in the production of confectioneries such as gums, candy, and other similar products. Soups, sauces, baby food, gravies, and other dishes will all benefit from it. The use of cassava as a binder for sausages and processed meats to keep the cassava from drying has aided the demand for processed cassava. It is also used to make things like cassava chips, shrimp sticks, cassava butter cakes, and cookies. The market is growing due to the increasingly increasing demand for HFCS and paper production.

Industry Definition and Major Segments

Cassava is a tropical plant whose various sections, such as roots, leaves, and stem, can be used to make a variety of foods. Cassava’s starchy roots are a high-energy (carbohydrate) source for a variety of food crops, and they can be processed into cassava pellets, chips, flour, and starch. The majority of the commodity is consumed, while the remainder is processed into starch, flour, pellets, chips, and other forms. Cassava processing aids in the removal of toxins, enhances durability, reduces weight, and increases overall value. Milk, fertiliser, paper and carton, cloth, medicine, glues, and adhesives are only a few of the industries that use processed cassava.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/apac-cassava-processing-market

Based on the product type, the industry is divided into:

Based on the application, the industry is divided into:

Industrial applications are further divided into the following:

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Based on the country, the industry is divided into:

  • Indonesia
  • China
  • Thailand
  • Vietnam
  • Japan
  • Philippines

Market Trends

Asia Pacific is one of the market’s most significant regions. With countries like China, Japan, and Indonesia, the region is a leading producer of cassava. These countries import massive amounts of refined cassava products like flourstarch, chips, and pellets. China is the world’s largest importer of cassava goods. For both import and export of cassava products, Asia Pacific is the most important field. Thailand, Vietnam, China, and Indonesia are the top exporters of the products in the Asia Pacific region. Thailand and Indonesia will produce approximately 31 million tons and 20 million tons of cassava, respectively, in 2020.

Key Market Players

The major players in the market are Ingredion Incorporated, Siam Quality Starch Co., Ltd., SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., Eiamheng Tapioca Starch Industry Company Limited, PT Sinar Pematang Mulia, Agrideco Vietnam Co., Ltd., Bangchak Corporation Public Company Limited, Nigerian Starch Mills Limited (NSM Foods), PTT Public Company Limited, Avani Eco, 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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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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