Extensive Range of Applications of the Product is Expected to Aid the Global Market for Manioc Flour
The market for manioc flour is predicted to grow rapidly in the forecast period owing to the rising demand for cassava, which is used to manufacture this flour. Cassava is a significant food crop as it offers an extensive range of applications in several industries. Nigeria, Indonesia, and Brazil are the thriving markets for manioc flour, exhibiting a rising demand at both domestic as well as international levels.The Asia-Pacific region is a significant market for manioc flour, especially China, Vietnam, and Thailand, which are the major global exporters and consumers of manioc flour. The region is attracting the manioc flour manufacturers due to rising disposable income, changing lifestyles, and rapid urbanisation. These factors are responsible for the thriving manioc flour industry within the region as the consumers are receptive towards various applications of the product. The United States and European regions receive their manioc flour supply largely from Thailand and Vietnam. Also, in Africa, the market for the product is growing at a robust rate. Thus, the overall growth of the global market for manioc flour is expected to increase at a healthy pace in the forecast period.
Manioc Flour: Market Segmentation
Manioc flour is extracted from the tuberous root of the Manihot esculenta plant, which is common in Central and Southern America. This plant is variously known as manioc, cassava, or yucca. The derivatives from the plant are commonly used by Latin Americans in their traditional recipes. The manioc flour is coarse, has a mealy texture, and a nutty flavour, along with a tinge of acidity, which is a distinctive feature of this flour.On the basis of source, the market is bifurcated into:
- Organic
- Conventional
Based on type, the industry can be segmented into:
- Sweet Manioc Flour
- Bitter Manioc Flour
By distribution channel, the industry is categorised into:
- Direct Sales
- Indirect Sales
On the basis of application, the industry is divided into:
- Food
- Bakery
- Confectionery
- Others
- Feed
The regional markets for the product include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Demand from the Food Industry to Aid the Global Market Growth of Manioc Flour
The market for manioc flour is driven by the rising demand from the food industry for food products such as cassava. The market is further aided by the rising demand due to growing health consciousness among consumers who are being cautious in consuming gluten-free, grain-free, and nut-free products. The manioc flour constitutes all these aforementioned properties, which makes it a favourable flour available in the market, as a result, aiding the market growth. Due to this factor, it has also replaced wheat flour in various products. The product is also used in baking and for commercial purposes. The growing demand for bakery products across the globe is aiding the market growth.Key Industry Players in the Global Manioc Flour Market
The report gives a detailed analysis of the following key players in the global manioc flour market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Otto's Naturals
- Mhogo Foods Limited
- Bob’s Red Mill Natural Foods
- Woodland Foods
- Others
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Companies Mentioned
The key companies featured in this Manioc Flour market report include:- Otto's Naturals
- Mhogo Foods Limited
- Bob’s Red Mill Natural Foods
- Woodland Foods