Canada Cassava Market Size, Share, and COVID-19 Impact Analysis, By Product (Conventional and Organic), By Type (Flour and Chips), and Canada Cassava Market Insights, Industry Trend, Forecasts to 2033.

Canada Cassava Market Insights Forecasts to 2033

• The Canada Cassava Market Size was valued at USD 4.17 Million in 2023.
• The Market Size is Growing at a CAGR of 3.21% from 2023 to 2033
• The Canada Cassava Market Size is Expected to Reach USD 5.72 Million by 2033

The Canada Cassava Market Size is Anticipated to Reach USD 5.72 Million by 2033, Growing at a CAGR of 3.21% from 2023 to 2033

Market Overview

The Canada cassava market refers to the import and consumption of cassava and its derived products in Canada. Cassava is a tropical root vegetable native to South America and widely grown in Africa, Asia, and Latin America. In Canada, the cassava market is primarily driven by the increasing demand for gluten-free and alternative carbohydrate sources, as well as its use in various food and industrial applications. Cassava is valued for its high starch content, which is used to produce products like cassava flour, tapioca pearls, and starch for food processing. As Canada’s immigrant population grows, there is a rising demand for traditional products that use cassava, especially within African, Caribbean, and Southeast Asian communities. The market for cassava products in Canada is also influenced by trends in the health-conscious food sector, where cassava is seen as a nutritious and versatile ingredient. Furthermore, cassava has applications in the bioenergy and industrial sectors, especially in the form of cassava starch for the production of bioplastics and ethanol.

Report Coverage

This research report categorizes the Canada cassava market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada cassava market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada cassava market.

Driving Factors

One of the primary drivers is the increasing demand for gluten-free products. With a rising number of individuals diagnosed with celiac disease or those following gluten-free diets by choice, cassava is gaining popularity as a versatile, gluten-free alternative to traditional wheat flour. Cassava flour, in particular, is widely used in baking and cooking, offering a viable substitute for wheat-based products, further driving its market adoption.

Restraining Factors

Cassava products face competition from other gluten-free and alternative flour options such as almond flour, coconut flour, and rice flour.

Market Segmentation

The Canada cassava market share is classified into product and type.

• The conventional segment accounted for the major market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Canada cassava market is segmented by product into conventional and organic. Among these, the conventional segment accounted for the major market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The dominance can be attributed to several factors, including the more established supply chains, lower production costs, and the availability of a wide range of conventional cassava products such as flour, chips, and tapioca. Conventional cassava products are also more widely accessible to the average consumer, both in terms of price and availability in mainstream supermarkets and ethnic stores.

• The flour segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Canada cassava market is segmented by type into flour and chips. Among these, the flour segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The segment growth is fueled by increasing consumer demand for gluten-free and allergen-free products, particularly among those with celiac disease, gluten sensitivities, or those following specialized diets.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada cassava market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Agrideco Vietnam Co., Ltd.
• American Key Food Products Inc.
• Archer Daniels Midland Company
• Cargill, Incorporated
• Grain Millers Inc.
• Ingredion Inc.
• Parchem Fine and Specialty Chemicals
• Psaltry International Ltd.
• Tate & Lyle Plc
• Venus Starch Suppliers
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada cassava market based on the below-mentioned segments

Canada Cassava Market, By Product

• Conventional
• Organic

Canada Cassava Market, By Type

• Flour
• Chips