Monday, 1 December 2025

Vertical Storage Tank Market Analysis by Material and Capacity To 2030

 The global vertical storage tank market was valued at USD 3.38 billion in 2024 and is anticipated to grow to USD 4.88 billion by 2030, representing a CAGR of 6.7% from 2025 to 2030. This growth is primarily driven by an increasing demand for vertical storage tanks across sectors such as chemicals, oil & gas, water treatment, and food processing.

 

As industrial infrastructure develops worldwide, the need for safe, space-saving, and cost-effective storage solutions is propelling market adoption. Stricter environmental regulations and a demand for improved containment and safety measures are motivating industries to upgrade or replace their current storage systems with more robust and compliant vertical tank options. Additionally, advancements in tank materials, coatings, and manufacturing processes are enhancing the durability, corrosion resistance, and operational efficiency of vertical storage tanks, broadening their applicability across various industrial sectors. This market expansion is expected to be particularly strong in regions like Asia Pacific, North America, and Europe, where rapid industrialization, urban growth, and infrastructure enhancements are driving the need for effective and durable bulk storage solutions.

 

Key Market Trends & Insights

 

  • Market Leadership in Asia Pacific: The Asia Pacific region accounted for over 35% of the vertical storage tanks market revenue in 2024, reflecting the area's robust industrial activity and demand for efficient storage solutions.
  • Refined Product Storage Dominance: The refined product storage segment dominated the market, holding a revenue share exceeding 40.50% in 2024, indicating a strong reliance on vertical tanks for storing processed fuels and chemicals.
  • Popular Tank Sizes: Tanks with a capacity between 501 to 700 barrels represented over 39% of the market revenue, emphasizing the preference for mid-sized tanks in various applications.
  • Leading API Standards: API 650 tanks accounted for more than 72% of the vertical storage tanks market share in 2024, showcasing industry compliance with standards for welded tanks for oil storage.
  • Aboveground Storage Preference: The aboveground storage tanks segment dominated with over 90% of market share, reflecting the industry's trend towards safety, ease of maintenance, and regulatory compliance.

 

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Market Size & Forecast

  • 2024 Market Size: USD 3.38 Billion
  • 2030 Projected Market Size: USD 4.88 Billion
  • CAGR (2025-2030): 6.7%
  • Asia Pacific: Largest market in 2024

 

Key Companies & Market Share Insights

Notable companies in the market include AGI Westeel, CST Industries, Highland Tank, and Superior Tank Co., Inc. These firms are investing significantly in product innovation, enhancing fabrication capabilities, and forming strategic partnerships to meet the rising demand in the oil & gas, chemical, water, and agricultural sectors. With an emphasis on compliance, durability, and sustainability, leading manufacturers are also exploring smart tank technologies and advanced materials to bolster their market position and keep pace with evolving industry standards.

 

Key Players

  • AGI Westeel
  • Argent Storage BV
  • BHI (OP Tanks)
  • Centpro Engineering PVT. LTD
  • Coyote Tanks
  • CST Industries
  • Dixie Southern
  • Highland Tank
  • JWF Industries
  • KBK Industries, LLC
  • LONG Industries Inc.

 

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Conclusion

The vertical storage tank market is poised for substantial growth driven by industrial expansion and regulatory changes. Key regions such as Asia Pacific are leading this trend, and major players are focusing on innovations and strategic collaborations to capitalize on emerging opportunities. As industries continue to prioritize safety and sustainability, the demand for advanced vertical storage tank solutions will likely escalate, as will the market's overall value.

Friday, 28 November 2025

Household Cooking Appliance Market: Understanding Demographic Shifts and Their Effects

 The global household cooking appliance market was valued at USD 238.16 billion in 2022 and is anticipated to reach USD 380.55 billion by 2030, registering a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. Several factors contribute to the growth potential in this market, including evolving dietary preferences, the ongoing rise of nuclear families, and an increasing proportion of employed women and independent professionals.

 

Additionally, stringent energy efficiency regulations across various regions, easier access to household kitchen equipment via e-commerce platforms, and the continuous introduction of innovative cooking products are expected to further stimulate market growth. The demand for advanced kitchen electronic appliances has surged in recent years, largely due to the need for devices that can reduce cooking time and simplify food preparation. The busy lifestyles of consumers, especially those in urban areas and the working class, are likely to drive the development of the global household cooking appliance market in the coming years.

 

For instance, GE Profile, a brand under GE Appliances, launched the ‘Smart Oven with No Preheat’ in March 2023. This smart oven operates at temperatures up to 500˚F and features zero preheat technology, thereby saving cooking time. Moreover, it can connect to the company’s SmartHQ app and includes 11 preset smart functions such as Warm, Air Fry, Broil, Toast, Pastry, Roast, Cookies, Pizza, Reheat, Bake, and Bagel.

 

Key Market Trends & Insights

  • The Asia Pacific region accounted for nearly 38% of total revenue in 2022, driven by the availability of raw materials at competitive prices and low labor costs. This area has become a crucial hub for manufacturers of household kitchen appliances.
  • The Middle East & Africa market is projected to grow at the highest CAGR of 9.4% from 2023 to 2030. Although still developing, changing consumer spending habits suggest that IoT-enabled appliances will gain popularity as high-speed data networks and modular kitchens become more common.
  • In terms of product type, the cooktops and cooking ranges segment captured over 46% of total market revenue in 2022. This segment includes gas, electrical, and induction cooktops and cooking ranges.
  • Regarding structure, the freestanding category accounted for nearly 61% of total market revenue in 2022. Freestanding appliances are generally more affordable than built-in versions, with readily available spare parts, and offer greater versatility as they can be easily relocated.
  • By distribution channel, the e-commerce segment is expected to experience the highest CAGR of 7.4% from 2023 to 2030. The recent boom in e-commerce can be attributed to its advantages, including quicker purchasing processes, discounts, simple price and product comparisons, convenient return policies, stock availability, and product variety.

 

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Market Size & Forecast

  • 2022 Market Size: USD 238.16 Billion
  • 2030 Projected Market Size: USD 380.55 Billion
  • CAGR (2023-2030): 6.1%
  • Asia Pacific: Largest market in 2022
  • Middle East & Africa: Fastest growing market

 

Key Companies & Market Share Insights

Major players in the household cooking appliance market are focusing on consumer demand for smaller, more efficient, and affordable cooking devices. For example, in March 2023, Butterfly Gandhimathi Appliances merged with Crompton Greaves Consumer Electricals Ltd. (CGCEL) to enhance product innovation and develop effective marketing strategies.

Key market players continue to upgrade their product lines with advanced technologies and invest heavily in research and development to create cutting-edge products, integrating Internet of Things (IoT) and Artificial Intelligence (AI). AI-enabled smart kitchen appliances, such as the Perfect Bake Pro, can connect to consumers’ smartphones via an app for real-time ingredient monitoring.

 

Key Players

  • Electrolux AB
  • GE Appliances
  • Haier Group
  • Koninklijke Philips N.V.
  • LG Electronics
  • Robert Bosch GmbH
  • Samsung
  • Smeg S.p.A
  • Whirlpool Corporation
  • Winiadaewoo Co. Ltd.
  • Panasonic Corporation
  • Thermador

 

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Conclusion

The household cooking appliance market is set for robust growth driven by changing consumer lifestyles, technological advancements, and innovative product offerings. The increasing demand for efficient and convenient cooking solutions highlights the importance of e-commerce and smart technologies in shaping the future of this sector. As manufacturers continue to invest in R&D and adapt to modern consumer needs, the market is likely to witness significant developments in the years ahead.

Friday, 17 October 2025

Apparel Supply Chain Market: Adapting to Consumer Demand Shifts

 The global apparel supply chain market was valued at USD 863.75 billion in 2021 and is projected to reach USD 1,119.69 billion by 2028, growing at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2028. The increasing demand for apparel from the fashion sector and the expansion of online retail channels are anticipated to drive market growth during the forecast period.

 

The apparel supply chain empowers companies to maintain control over various aspects of the entire process, enabling them to swiftly adapt to industry trends and produce relevant collections. This capability is expected to create new business opportunities for key players and further stimulate the apparel supply chain market in the coming years.

 

The integration of advanced technologies within the apparel supply chain to collect accurate and timely data is anticipated to create lucrative opportunities for the market. Additionally, implementing sustainability initiatives within the apparel supply chain has become essential for reducing carbon emissions, marking it as an important trend moving forward.

 

Key Market Trends & Insights

  • Regional Performance: The Asia Pacific region dominated the market, accounting for over 55.0% of revenue in 2021, and is expected to grow at the fastest CAGR of 4.4% from 2022 to 2028. The increased use of e-commerce platforms for purchasing products, combined with rising apparel sales in the region, is expected to drive market growth.
  • Process Segmentation: The pre-production segment led the market, holding a revenue share of over 80.0% in 2021 and is projected to expand at the fastest CAGR of 3.9% from 2022 to 2028. The growing demand for apparel from the fashion industry, along with increased e-commerce usage for apparel purchases, has elevated the importance of the pre-production segment in the apparel supply chain.
  • Trade Logistics: The trade logistics segment is expected to grow at a significant CAGR of 3.2% during the forecast period. Trade logistics offers companies flexibility and enhances operational control while also reducing costs.

 

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Market Size & Forecast

  • 2021 Market Size: USD 863.75 Billion
  • 2028 Projected Market Size: USD 1,119.69 Billion
  • CAGR (2022-2028): 3.8%
  • Asia Pacific: Largest market in 2021

 

Key Companies & Market Share Insights

The apparel supply chain market features both established and emerging players. Many key companies are pursuing various strategies, including alliances, partnerships, and mergers to capture greater market share. For instance, in December 2021, Li & Fung Limited formed a strategic partnership and announced its acquisition of LF Logistics by Maersk to streamline and connect supply chains for customers.

 

Key Players

  • BSL Ltd.
  • INVISTA Equities, LLC (Koch Industries, Inc.)
  • Luthai Group
  • Paulo de Oliveira company
  • China Textiles (Shenzhen) Co., Ltd.
  • Paramount Textile Mills (P) Ltd.
  • Successori Reda SpA
  • Mayur Fabrics
  • Rhodia SA (Solvay Group)
  • Li & Fung Limited

 

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Conclusion

The apparel supply chain market is poised for steady growth driven by rising demand from the fashion sector and the increasing reliance on online retail channels. As companies leverage advanced technologies and focus on sustainability, the market is likely to experience significant transformations. The Asia Pacific region will continue to lead the market, bolstered by its growing e-commerce landscape. With strategic partnerships and innovative practices, key players are well-positioned to capitalize on the evolving dynamics of the apparel supply chain.

Apparel Market Trends and The Rise of Athleisure and Casual Wear

 The global apparel market was valued at USD 1.77 trillion in 2024 and is projected to reach USD 2.26 trillion by 2030, with a compound annual growth rate (CAGR) of 4.2% from 2025 to 2030. This growth is primarily driven by increasing consumer spending on apparel worldwide.

 

According to the U.S. Bureau of Labor Statistics, in 2023, the average annual household expenditure for women’s apparel was approximately USD 655, while for men’s apparel it was USD 406. The expanding availability of products through online distribution, the growing penetration of e-commerce platforms, and a diverse range of collections launched by key market players are expected to further fuel growth during the forecast period.

 

Furthermore, rising disposable incomes in emerging markets are significantly contributing to the growth of the global apparel market. Countries like China, India, and Brazil are undergoing rapid urbanization and economic development, strengthening the middle class and enhancing purchasing power. This demographic shift is increasing demand for clothing and accessories as consumers seek to update their wardrobes, follow fashion trends, and improve their lifestyles.

 

There is also an increasing preference among consumers for sustainable and environmentally friendly apparel, which is likely to influence market growth. Consumers are becoming more aware of the environmental impacts of their consumption habits and the materials used in production. As a result, they are actively searching for clothing that is sustainably and ethically produced, favoring eco-friendly materials such as organic cotton and recycled fabrics. There is a growing demand for brands to adopt transparent supply chains, minimize waste, and ensure fair labor practices. Embracing sustainable practices is essential for both individuals and businesses to reduce their environmental footprint and promote a more sustainable future.

 

Key Market Trends & Insights

  • Regional Performance: The Asia Pacific region dominated the global market with a revenue share of 40.5% in 2024. This leadership is driven by the increasing penetration of e-commerce, a heightened focus among fashion brands on improving their digital presence, and a growing preference among young consumers for the latest fashion trends.
  • S. Market Share: The U.S. held the largest revenue share of the regional market in 2024, bolstered by the presence of major companies, rising disposable incomes among young consumers, an influx of new entrants, and technological advancements that enhance production, design, and distribution capabilities.
  • Market Segment: The mass apparel segment led the global market with a revenue share of 68.0% in 2024. This segment continually introduces new designs and patterns that engage customers, prompting retailers to replace inventory with the latest arrivals rather than restocking older items.
  • End Use Segment: The women’s segment captured the largest revenue share in 2024, reflecting a surge in demand for new trends and diverse options. Women's fashion is in higher demand than men's, driven by a wide variety available, including dresses, skirts, blouses, and accessories, leading designers and retailers to prioritize offerings in this segment.
  • Distribution Channel: The offline segment accounted for the largest revenue share in 2024. Offline shopping offers a personalized experience, allowing customers to assess product features such as fabric quality and design. Store associates can provide tailored assistance, styling advice, and effectively address customer inquiries.

 

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Market Size & Forecast

  • 2024 Market Size: USD 1.77 Trillion
  • 2030 Projected Market Size: USD 2.26 Trillion
  • CAGR (2025-2030): 4.2%
  • Asia Pacific: Largest market in 2024

 

Key Companies & Market Share Insights

Key players in the apparel industry include Adidas AG, Puma SE, VF Corporation, Burberry Group plc, and Nike Inc. These major companies are adopting strategies such as new product development, innovation, collaboration, and efficient marketing and distribution.

  • Burberry Group plc: A luxury apparel brand known for its diverse product range, including outerwear and scarves, operating across the Asia Pacific, Europe, the Middle East, Africa, and the Americas.
  • Adidas AG: Offers a wide variety of apparel, including sportswear and athleisure, catering to global sports enthusiasts with specialized collections.

 

Key Players

  • VF Corporation
  • Burberry Group plc
  • Puma SE
  • Adidas AG
  • NIKE Inc.
  • H & M Hennes & Mauritz AB
  • LVMH
  • KERING
  • PVH Corp.
  • INDITEX

 

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Conclusion

The apparel market is poised for significant growth, driven by increasing consumer spending, evolving fashion trends, and a heightened focus on sustainability. With the rise of e-commerce and the demand for diverse clothing options, the market is well-positioned for continued expansion. As consumer preferences increasingly shift towards sustainable practices, brands that prioritize ethical production and transparency will likely gain a competitive advantage in this dynamic industry.

Thursday, 9 October 2025

Anti-counterfeit Packaging Market: Regulatory Framework and Compliance

     The global anti-counterfeit packaging market size was estimated at USD 177.92 billion in 2024 and is projected to reach USD 345.93 billion by 2030, registering a CAGR of 11.7% from 2025 to 2030. The increasing demand for brand protection solutions, particularly for pharmaceutical products, is a significant driver of this growth.

 

Additionally, the ease of product monitoring throughout the supply chain is anticipated to further propel market growth over the next seven years. Technological advancements that enhance the capabilities of anti-counterfeit solutions are also expected to contribute to market expansion.

 

A primary driver of the market is the growing global concern regarding product counterfeiting, especially in pharmaceuticals, luxury goods, and consumer electronics. For example, according to data from US Customs and Border Protection, over USD 2.0 billion worth of goods and more than USD 20.0 million worth of counterfeit drugs were seized at the U.S. border in 2022. Consequently, the increasing investments by drug manufacturers and the U.S. government to address counterfeiting issues are likely to stimulate industry growth throughout the forecast period.

 

Key Market Trends & Insights

  • North America dominated the global market, accounting for the largest revenue share of over 43.0% in 2024. This dominance is attributed to a robust regulatory framework and stringent enforcement measures. The FDA's Drug Supply Chain Security Act (DSCSA) and the Food Safety Modernization Act (FSMA) have mandated advanced tracking and authentication systems for pharmaceuticals and food products.
  • By technology, the track & trace segment led the overall market with a revenue share of over 49.0% in 2024 and is expected to exhibit strong growth with a CAGR of 12.2% during the forecast period. These technologies facilitate real-time product monitoring throughout the supply chain, utilizing serialization, barcodes, RFID tags, or QR codes that provide unique identifiers for each product.
  • By application, the pharmaceutical segment captured the largest revenue share of over 27.0% in 2024 and is anticipated to experience significant growth with a CAGR of 12.7% over the forecast period. Anti-counterfeit packaging in the pharmaceutical sector is crucial for ensuring the authenticity of medicines, helping to prevent the circulation of counterfeit drugs that could endanger patients.

 

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Market Size & Forecast

  • 2024 Market Size: USD 177.92 Billion
  • 2030 Projected Market Size: USD 345.93 Billion
  • CAGR (2025-2030): 11.7%
  • North America: Largest market in 2024

 

Key Companies & Market Share Insights

The market is characterized by fragmentation, with numerous small manufacturers entering with innovative production technologies. Competition among companies is largely driven by the technology offered and the level of innovation implemented. Firms are investing heavily in mergers & acquisitions, R&D, and innovation to gain a competitive edge.

 

Key Players

  • 3M
  • AVERY DENNISON CORPORATION
  • CCL Industries
  • DuPont
  • Zebra Technologies Corp.
  • ITL Group
  • SML Group
  • SATO Holdings Corporation
  • SICPA HOLDING SA
  • Systech International
  • Applied DNA Sciences
  • AlpVision SA
  • Authentix
  • Atlantic Zeiser GmbH

 

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Conclusion

The anti-counterfeit packaging market is poised for substantial growth driven by technological advancements, regulatory requirements, and a heightened focus on brand protection. With significant investments in innovation and a proactive approach to combating counterfeiting, the industry is likely to evolve rapidly, addressing the critical challenges posed by product fraud across various sectors.

Friday, 8 August 2025

Cassava Starch Market: Exploring New Applications in Food and Non-Food Sectors

 The global cassava starch market was valued at USD 5.45 billion in 2023 and is projected to reach USD 8.14 billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. The market is witnessing strong growth, largely fueled by evolving consumer lifestyles and increasing health awareness.

 

One of the primary drivers is the rising demand for convenience foods. With the pace of urbanization increasing and daily routines becoming more fast-paced, consumers are seeking quick, easy-to-prepare food options. Cassava starch plays a crucial role in the formulation of various processed foods such as instant soups, sauces, and ready-to-eat meals due to its effective binding, thickening, and stabilizing properties. This trend has significantly contributed to the expansion of the cassava starch industry, as manufacturers look to enhance product texture, consistency, and shelf life.

 

Another important factor supporting market growth is the increasing prevalence of gluten intolerance and celiac disease, which has led to a surge in demand for gluten-free food products. As cassava starch is naturally gluten-free, it has become a popular choice for producing alternatives like gluten-free bread, pasta, and baked goods. The shift toward healthier dietary habits that accommodate specific nutritional needs—without sacrificing taste or texture—is a key influence on market trends, making cassava starch an essential ingredient in gluten-free formulations.

 

Furthermore, the rapid growth of the food processing industry—particularly in regions where cassava is a staple, such as Asia Pacific and Africa—continues to bolster cassava starch consumption. In these markets, cassava starch is used in a wide range of food products including noodles, snacks, and bakery items, improving both quality and consistency. This versatility makes cassava starch highly attractive to food manufacturers aiming to innovate and respond to diverse consumer preferences. Consequently, the rising demand also stimulates investments in production infrastructure and technological advancements across the supply chain.

 

Key Market Trends & Insights

  • In 2023, the Asia Pacific region held the largest share of global cassava starch revenue, accounting for 57.3%. This dominance is attributed to strong demand across various industries, including food and beverages, pharmaceuticals, and textiles, where cassava starch serves as a vital functional ingredient.
  • By product type, modified cassava starch led the market in 2023, generating USD 2.54 billion in revenue. Modified starches outperform native starches in terms of texture, viscosity, and stability, making them highly suitable for applications in products such as puddings, sauces, and baked goods. These functional advantages drive their widespread use in both food and non-food sectors.
  • By application, the food and beverage segment was the largest in 2023, with a revenue of USD 2.34 billion. The segment’s growth is strongly tied to increasing demand for gluten-free alternatives. As more consumers adopt diets that eliminate gluten for health reasons, cassava starch is increasingly used in the production of snacks, sauces, and baked products, offering a reliable and natural gluten-free solution.

 

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Market Size & Forecast

  • 2023 Market Size: USD 5.45 Billion
  • 2030 Projected Market Size: USD 8.14 Billion
  • CAGR (2024-2030): 5.9%
  • Asia Pacific: Largest market in 2023

 

Key Companies & Market Share Insights

 

Leading players in the cassava starch market include Cargill Incorporated, Tate & Lyle, Ingredion, and AGRANA Starch. These companies have extensive product portfolios and global distribution networks, positioning them at the forefront of the industry.

 

Their strengths lie in robust R&D capabilities, which allow them to continuously improve product functionality for diverse uses across food and beverages, pharmaceuticals, and industrial applications. Additionally, their focus on natural, gluten-free ingredients and commitment to clean-label solutions resonate strongly with the growing segment of health-conscious consumers. Strategic partnerships and investments in innovation enable these key players to stay competitive and meet evolving consumer expectations.

 

Key Players

  • Tate & Lyle
  • Cargill, Incorporated
  • Ingredion
  • AGRANA Starch
  • Psaltry International Limited
  • KPN Pharma Co., Ltd.
  • Visco Starch
  • SPAC Starch Products Ltd.
  • Vaighai Agro
  • Ekta International
  • Aryan International
  • Sanstar Bio-Polymers Ltd.
  • Asia Fructose Co., Ltd.
  • Thai Foods Product International Co., Ltd.
  • Ng Wah International Development Limited

 

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Conclusion

The global cassava starch market is set to grow steadily through 2030, driven by a combination of factors including the rising demand for convenient and gluten-free foods, the expansion of food processing industries, and increased awareness of dietary health concerns. Cassava starch’s functional versatility, natural gluten-free properties, and suitability for a range of applications across food and non-food sectors make it a valuable ingredient in today’s market. With Asia Pacific maintaining its leadership position and global players actively innovating, the cassava starch industry is well-positioned for sustained growth and transformation in the coming years.    

Cassava Flour Market: Innovations in Production and Processing Techniques

 The global cassava flour market was valued at USD 4.74 billion in 2023 and is projected to reach USD 7.24 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This growth is being fueled by evolving consumer preferences and dynamic market trends.

 

A major factor driving market expansion is the increasing demand for functional foods. As consumers become more health-aware, there is a rising preference for food products that offer nutritional benefits—particularly those that are gluten-free and high in fiber. Cassava flour naturally fulfills these requirements, being gluten-free and rich in carbohydrates and fiber, which promote digestive health and deliver long-lasting energy. These attributes are contributing to innovation in product development and greater incorporation of cassava flour into health-oriented food products.

 

In parallel, the growth of the food and beverage sector is significantly supporting market expansion. As urbanization accelerates and the working population grows—especially in developing countries like India and China—the need for convenient, healthy food options is increasing. Thanks to its versatility, cassava flour is being widely used in the production of snacks, baked goods, and other gluten-free offerings. Its compatibility with the plant-based food trend further boosts its market potential, as manufacturers aim to serve a broader range of consumers seeking nutritious and sustainable dietary alternatives. 

 

Key Market Trends & Insights

  • The Asia Pacific region accounted for the largest market share in 2023, holding 57.3% of global revenue. Growth in countries such as China, Japan, and India is driven by the staple role of cassava in regional diets, along with its expanding applications across various food sectors.
  • By product type, conventional cassava flour led the market with a revenue of USD 3.03 billion in 2023. This dominance is largely due to its cost-effectiveness and widespread availability. Conventional variants are more economically produced than organic alternatives, making them accessible to a wider segment of consumers and food processors.
  • In terms of distribution channel, supermarkets and hypermarkets generated the highest revenue in 2023, totaling USD 2.28 billion. These retail outlets benefit from well-established supply chains and ensure consistent availability of cassava flour. They also provide consumers the advantage of in-person shopping, which includes evaluating product quality before purchase—a preference in many regional markets.
  • By application, the food and beverage segment was the largest contributor to market revenue in 2023, with USD 2.84 billion. The rise in gluten-free diets—due to conditions such as celiac disease and gluten sensitivity—has led to cassava flour becoming a popular substitute for wheat flour. Its health benefits and adaptability in recipes continue to support its growth in this segment.

 

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Market Size & Forecast

  • 2023 Market Size: USD 4.74 Billion
  • 2030 Projected Market Size: USD 7.24 Billion
  • CAGR (2024-2030): 6.3%
  • Asia Pacific: Largest market in 2023

 

Key Companies & Market Share Insights

Several companies are capitalizing on rising consumer interest in gluten-free and health-centric food products, which is significantly boosting cassava flour’s adoption in the food and beverage sector. Moreover, there's growing participation from companies prioritizing sustainable and clean-label practices, which align with the values of health-conscious consumers.

For instance:

  • Psaltry International and MHOGO Foods have made sustainability central to their cassava processing operations. These firms appeal to customers looking for organic and natural ingredients, further supporting the market's upward momentum.

 

Key Players

  • DADTCO Rivers Cassava Processing Company
  • Psaltry International
  • PT Agromoda Solution Indonesia
  • Green Hills Natural Foods
  • MHOGO Foods
  • Mocaf Factory
  • Cargill
  • Archer Daniels Midland Company (ADM)
  • Grain Millers, Inc.
  • Tereos Group
  • Thai Wah Public Company Limited
  • Roquette Frères
  • Emsland Group
  • Ingredion Incorporated
  • Otto's Naturals

 

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Conclusion

The global cassava flour market is on a steady growth trajectory, driven by increasing demand for gluten-free, plant-based, and functional foods. Cassava flour’s inherent qualities—such as its versatility, high fiber content, and gluten-free nature—make it an ideal choice for modern health-conscious consumers. The market is particularly strong in the Asia Pacific region, supported by dietary traditions and rising urban consumption. With continued innovation, expanding distribution, and growing alignment with sustainability goals, cassava flour is expected to maintain a significant presence in global food markets through 2030.