Global Manioc Flour Market to be Driven by the Rising Demand from the Food Industry in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Manioc Flour Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global manioc flour market, assessing the market based on its segments like sources, types, distribution channels, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Manioc Flour Market

 

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The key highlights of the report include:

Market Overview (2021-2026)

• Forecast CAGR (2021-2026): 4.5%

The manioc flour market is being driven by the accelerating demand for food products like cassava from the food industry. The growing health awareness among consumers who are wary of consuming products, including grain, gluten, and nuts, is also significantly contributing towards the rising demand for manioc flour as it is free of these elements, as a result aiding the market growth for the same. The emerging health diets and the growing awareness is expected to aid the market over the forecast period. Manioc flour has been successful in replacing wheat flour in various products due to its grain-free, gluten-free, and nut-free nature. The product has found use in baking and is used commercially, as a result, aiding the market growth.

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Industry Definition and Major Segments

Manioc flour is derived from the tuberous root of the Manihot esculenta plant, which is native to Central and Southern America. Manihot esculenta plant is also known as manioc, cassava, or yucca. The manioc flour has a coarse and mealy texture and a nutty flavour with a hint of acidity, which distinguishes it from the rest.

The manioc flour industry is divided on the basis of source into:

• Organic
• Conventional

By type, the industry is categorised into:

• Sweet Manioc Flour
• Bitter Manioc Flour

On the basis of distribution channel, the industry is segmented into:

• Direct Sales
• Indirect Sales

Based on application, the industry is bifurcated into:

• Food
• Feed

Food is further segmented on the basis of type into bakery and confectionery, among others.

The regional markets for the product are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa.

Market Trends

The market for manioc flour is being driven by the emerging diets promoting the use of gluten-free products. As the population is becoming knowledgeable about these diets, they are adopting the manioc flour for daily purposes. Furthermore, inflating disposable income, rapid urbanisation, and changing lifestyles are together, propelling the market growth of manioc flour. In addition, the rising penetration of the internet and the consequent use of social media is enhancing the widespread knowledge of new diets and inventive recipes incorporating trending ingredients. This is further expected to support the growth of the manioc flour industry over the forecast period.

Key Market Players

The major players in the market are Otto’s Naturals, Mhogo Foods Limited, Bob’s Red Mill Natural Foods, and Woodland Foods, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2021-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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