GCC Cassava Processing Market Overview:
The GCC cassava processing market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Cassava, also known as manioc, is a long tuberous starchy root plant that offers various nutrients, such as protein, fat, fiber, copper, potassium, vitamin B6, magnesium, and folate. It assists in reducing the risk of liver cancer while repairing kidney damage. It also aids in preventing tiredness and dehydration among people suffering from diarrhea. It is fertilized through organic materials, such as manure, droppings, organic compost, legumes, and crop residue. It is processed into chips, flour, and starch through fermenting, drying, and cooking. Besides this, cassava processing is utilized in the textiles, cosmetics, and pharmaceutical industries across the GCC region.
At present, the increasing demand for cassava flour in the food and beverage (F&B) industry represents one of the primary factors propelling the market growth in the GCC region. Besides this, the growing utilization of cassava in the formulation of several pharmaceuticals is offering a positive market outlook in the region. Moreover, the increasing awareness among the masses about various benefits offered by cassava, such as improved gut health and maintaining blood sugar level, is currently contributing to the market growth in the region. Apart from this, the rising utilization of cassava in the production of bakery and confectionary items, such as cakes, gums, cookies, and bread, is positively influencing the market in the GCC region. In addition, the increasing employment of cassava in the textile industry as a starch solution for numerous textile operations, such as dyeing and sizing, is presently offering lucrative growth opportunities to industry investors operating across the region. Furthermore, the rising consumer preferences towards ready-to-eat (RTE) cassava food products, such as chips and snacks, are strengthening the market growth in the GCC region. As cassava is also used in animal feed, its overall sales are projected to rise in the upcoming years.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC cassava processing market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC cassava processing market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC cassava processing market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC cassava processing market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC cassava processing market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC cassava processing market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC cassava processing market industry. Furthermore, the value chain analysis of the GCC cassava processing market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Cassava Processing Market Segment Insights:
The GCC cassava processing market has been analysed as followed:
Segmentation by End-Use:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Cassava processing Market Report:
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