South Korea Cassava Market Size, Share, and COVID-19 Impact Analysis, By Category (Conventional and Organic), By Application (Food & Beverages, Animal Feed, and Others), By Form (Solid and Liquid), and South Korea Cassava Market Insights, Industry Trend, Forecasts to 2035

South Korea Cassava Market Insights Forecasts to 2035

• The South Korea Cassava Market Size Was Estimated at USD 6.1 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.81% from 2025 to 2035
• The South Korea Cassava Market Size is Expected to Reach USD 9.2 Million By 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Cassava Market is anticipated to reach USD 9.2 million by 2035, growing at a CAGR of 3.81% from 2025 to 2035. The growing need for cassava starch as a versatile food additive in food and beverage applications propels the South Korea cassava market. This is due to the increasing demand for processed and convenience foods, along with the rising consumer preference for natural and clean-label ingredients.

Market Overview

The Cassava market is the food and beverages encompassing South Korea supply and demand for cassava, a tropical root vegetable, and its derivatives, primary cassava starch. Cassava is derived from the root of the cassava plant, it is also known as manioc. Consumers demand health-conscious food that promotes better health, improves longevity, and prevents chronic diseases, which fuels the demand for cassava products. Due to the growing focus on environmentally friendly products, there is an increasing demand for cassava starch in bioplastics and bio-packaging, which provide sustainable alternatives to conventional materials. With innovations in cassava processing, including enhanced starch extraction techniques, yields have increased and product quality has improved, enhancing cassava's attractiveness for diverse uses. Innovative processing methods for cassava and the creation of value-added products increase market potential. With the increasing environmental awareness, there is a correspondence with the progress in biodegradable packaging materials made from cassava. To assist farmers and processors, governments offer subsidies, credit options, and investments in research and development (R&D). This encompasses research aimed at enhancing cassava varieties and processing techniques.

Report Coverage

This research report categorizes the market for the South Korea cassava market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea 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 South Korea cassava market.

Driving Factors

Urbanization and hectic lifestyles are propelling the demand for convenience foods, which in turn drives the expansion of the cassava starch market. Due to its binding, thickening, and stabilizing properties, cassava starch is an essential component of processed foods. As awareness of gluten intolerance and celiac disease has increased, so too has the demand for gluten-free products. Cassava starch, which is naturally gluten-free, is a favored component in gluten-free products like bread, pasta, and pastries. Its adaptable characteristics allow for the development of gluten-free substitutes that maintain the same taste and texture, meeting the demands of an expanding consumer population in search of healthier and allergy-friendly choices. This trend drives the advancement of the cassava starch market.

Restraining Factors

The rising prices of raw cassava materials, driven by the economic recovery, present a considerable obstacle to the growth of the cassava starch market. This price spike constrains profit margins and operational viability, which could restrict market growth and investment opportunities in the sector.

Market Segmentation

The South Korea cassava market share is classified into category, application, and form.

• The organic segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the category, the South Korea cassava market is divided into conventional and organic. Among these, the organic segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to the increasing demand for and consumption of gluten-free baked products among those with celiac disease, which is mainly triggered by gluten consumption.

• The food & beverages segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the South Korea cassava market is divided into food & beverages, animal feed, and others. Among these, the food & beverages segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to the demand for healthy additives and ingredients in food and beverage products is primarily driven by consumer awareness and increasing health concerns.

• The liquid segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the form, the South Korea cassava market is divided into solid and liquid. Among these, the liquid segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by cassava liquid in a growing number of applications within the beverage industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea 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

• Dadtco Philafrica B.V.
• Jelly Jelly Co Ltd
• Parchem Fine and Specialty Chemicals
• Venus Starch Suppliers
• Agrideco Vietnam Co., Ltd.
• Cargill, Incorporated
• American Key Food Products Inc.
• Psaltry International Ltd.
• Grain Millers Inc.
• Archer Daniels Midland Company
• Ingredion Inc.
• Others

Recent Developments:

• In August 2022, GS E&C partnered with Finnish bioenergy company St1 to develop next-generation bioethanol using cassava waste in Thailand. This collaboration aims to recycle cassava pulp, a by-product often discarded, into bioethanol, positioning GS E&C as a potential global leader in sustainable bioethanol production.

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 South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea cassava market based on the below-mentioned segments:

South Korea Cassava Market, By Category

•  Conventional
•  Organic

South Korea Cassava Market, By Application

• Food & Beverages
• Animal Feed
• Others

South Korea Cassava Market, By Form

• Solid
• Liquid