Thailand Cassava Market Size was estimated at 3.34 (USD Billion) in 2023. The Thailand Cassava Market Industry is expected to grow from 3.5(USD Billion) in 2024 to 5.2 (USD Billion) by 2035. The Thailand Cassava Market CAGR (growth rate) is expected to be around 3.665% during the forecast period (2025 - 2035)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Thailand Cassava Market is witnessing significant trends driven by various factors. One of the key market drivers is the increasing demand for biofuels, particularly ethanol, which is derived from cassava. The Thai government's push towards renewable energy has led to an expanded interest in cassava as a sustainable feedstock, encouraging farmers to cultivate more of this crop. Moreover, Thailand is one of the largest exporters of cassava products, such as tapioca flour and chips, which continues to bolster its agricultural economy.
Opportunities for growth in the Thailand Cassava Market lie in the diversification of cassava-based products.The increasing trend toward healthy diets is giving rise to new products such as cassava snacks, gluten-free flour, and other health-focused food items. Local entrepreneurs can take advantage of these opportunities for value-added products for local and export markets. Cassava also has a wide range of applications for other industries, such as food, textiles, and animal feed, which offer additional opportunities for market growth.
There is evidence of change towards more sustainable farming practices among Thai farmers of cassavas. A number of them are implementing better farming methods and using integrated pest control systems to enhance production with less damage to the environment.This aligns with the global focus on sustainability and responsible farming. Furthermore, the Thai government is also supporting research and development efforts to enhance cassava varieties, making them more resilient to climate change and pests. Overall, these trends highlight the dynamic nature of the Thailand Cassava Market, with numerous avenues for future growth and innovation.
Growing Demand for Biofuel Production
The increasing global shift towards sustainable and renewable energy sources is driving significant demand for cassava as a key feedstock for biofuel production. In Thailand, the government has implemented policies to promote renewable energy, aiming to increase the share of renewable energy to 30% of total energy consumption by 2036. This has led to a rise in cassava cultivation as it is considered an efficient source of bioethanol production. According to the Ministry of Energy, Thailand aims to reach a production capacity of 2 million liters of bioethanol daily by 2030, which emphasizes the importance of the Thailand Cassava Market Industry in fulfilling this target.As Thailand holds a competitive advantage in cassava production due to its favorable climate, the anticipated increase in biofuel demand represents a strong driver for market growth and investments in the Thailand Cassava Market.
Expansion of Export Markets
Thailand is the world's largest exporter of cassava, contributing around 60% of global cassava exports. The country is actively seeking to expand its export markets, particularly to China, Europe, and other Asian countries, where demand for cassava products is rapidly increasing. The Thai government's commitment to creating more trade agreements and enhancing logistics infrastructure has further fostered opportunities within the Thailand Cassava Market Industry.In 2021 alone, cassava exports were valued at approximately $1.3 billion, reflecting a sizable market. Moreover, the growth in global demand for cassava derivatives, including cassava starch and chips, is anticipated to bolster the market, suggesting a robust future for this sector.
The versatility of cassava as an ingredient in various food products contributes to the growing market in Thailand. Cassava flour is increasingly being used as a gluten-free alternative in baking and cooking, catering to health-conscious consumers and those with dietary restrictions. With an estimated 1% increase in the population diagnosed with celiac disease annually, according to the Ministry of Public Health, there’s a rising trend toward gluten-free diets, which is perfectly aligned with what the Thailand Cassava Market Industry has to offer.This shift not only broadens the consumer base but also enhances the overall value of cassava in both local and international markets.
Technological Advancements in Cassava Farming
Recent advancements in agricultural technology have significantly enhanced cassava farming practices in Thailand, making them more efficient and productive. The Ministry of Agriculture and Cooperatives has initiated programs integrating modern farming techniques, including precision agriculture and better pest management protocols, which have increased yield per hectare by up to 20% in some regions. These improvements in productivity and cost-efficiency stimulate investment and interest in the Thailand Cassava Market Industry.As farmers adopt technology, they can meet the surging demand for cassava-driven products, supporting sustainable market growth through increased supply and quality improvements.
The Thailand Cassava Market presents a diverse Category Outlook, prominently featuring both Conventional and Organic segments that cater to varying consumer preferences and industrial applications. The conventional segment continues to hold a substantial share of the market, driven by its widespread use in both local and international food industries, including tapioca production, animal feed, and starch extraction. This segment benefits from established farming techniques, interspersed with ongoing advancements in agricultural practices, which enhance yield and productivity across farms in Thailand.
Conversely, the organic segment is gaining traction, reflecting a growing consumer demand for healthier and sustainably sourced products. Increasing awareness regarding environmental impacts and health benefits is propelling this segment's growth as more farmers adopt organic farming practices, thus capitalizing on the premium pricing of organic cassava. Both segments exhibit unique dynamics, with conventional cassava providing reliability and efficiency, while organic cassava appeals to a niche market focused on health and sustainability. Factors such as export opportunities, government policies supporting agricultural growth, and innovation in processing technologies significantly influence their development in the Thailand Cassava Market.
As these segments evolve, they contribute to the overall growth and transformation of Thailand’s agricultural landscape, positioning the nation as a key player in the global cassava market. Notably, the Thailand Cassava Market revenue is influenced by both domestic demand and international trade, as Thai cassava is a vital export commodity, particularly in Southeast Asia.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Thailand Cassava Market, particularly within the Form Outlook segment, shows a robust framework with key focus areas being Solid and Liquid forms. As the demand for cassava-based products continues to rise, the Solid form has notably gained traction due to its versatility in food production, starch applications, and biofuel generation, making it a vital component of the agricultural landscape in Thailand. Conversely, the Liquid form is increasingly becoming significant, driven by its utilization in various industrial applications and as a key ingredient in processed foods and beverages.
This duality in form emphasizes the market's complexity and adaptability to consumer preferences and industrial needs. Furthermore, the Thailand cassava industry benefits from governmental support aimed at boosting production efficiency and sustainability, which is crucial for maintaining competitiveness in international markets. The ongoing market growth is reflective of these trends as businesses increasingly look to harness cassava's potential in diverse applications, fostering innovation and expansion within the sector. With a diverse range of applications, both forms present significant opportunities for investment, innovation, and sustainable development within the Thailand Cassava Market.
The Thailand Cassava Market, particularly in the Application Outlook segment, shows significant potential for growth due to its diverse applications across various industries. The Food Beverages sector utilizes cassava for its starch components and as a gluten-free alternative, responding to the increasing consumer demand for healthy and sustainable food options. In addition, the Animal Feed segment sees substantial interest, as cassava serves as a cost-effective and nutritious source for livestock, particularly in a country where agriculture plays a vital role in the economy.
Other applications demonstrate versatility by incorporating cassava in industrial processes, such as biofuel production and bioplastics, reflecting the trending shift towards sustainability. The market is driven by the rising global demand for cassava-derived products and supportive government policies aimed at enhancing agricultural productivity, while challenges include fluctuating market prices and climate-related impacts on supply. Overall, the segmentation of the Thailand Cassava Market underscores its importance in contributing to both food security and economic resilience within the region.
The Thailand Cassava Market is characterized by a diverse array of players engaged in the cultivation, processing, and distribution of cassava products. The market landscape is influenced by a combination of local and international dynamics, with Thailand's rich agricultural history providing a strong foundation for cassava cultivation. As the demand for cassava-based products continues to rise, driven by both food and industrial applications, competition within the market intensifies. The presence of innovative agricultural practices and processing technologies significantly impacts the market landscape as companies strive to enhance yield and product quality.
Competitive insights reveal that players within this sector are adopting strategic approaches, such as partnerships and sustainability-focused initiatives, to strengthen their market position and capitalize on emerging opportunities.Green Spot Company has established a notable presence in the Thailand Cassava Market, showcasing strengths that set it apart from competitors. The company's robust supply chain management ensures consistent quality and timely delivery of cassava products, which has built trust among its customers. Green Spot Company's commitment to sustainable practices promotes environmentally friendly cultivation techniques, resonating well with the increasing consumer demand for eco-conscious products. Furthermore, the company has invested in research and development to innovate new cassava-based products, catering to both local and international markets.
Their strategic focus on quality enhancement and customer relations enables Green Spot Company to maintain a competitive edge and expand its market share in the rapidly growing cassava sector in Thailand.Betagro, being a significant player in the Thailand Cassava Market, has carved a distinct niche through its offerings and strategic operations. The company specializes in the production of cassava-derived products that cater to both the food processing industry and animal feed markets in Thailand, showcasing its adaptability in meeting diverse consumer needs. Betagro's strengths lie in its extensive distribution network, which enhances product availability across various regions, ensuring that customers have easy access to its offerings.
Furthermore, the company has pursued mergers and acquisitions to augment its market presence and technological capabilities, further solidifying its position in the industry. With a strong commitment to quality and innovative solutions, Betagro continues to play a pivotal role in shaping the landscape of the cassava market in Thailand, reinforcing its standing as a key player through strategic planning and efficient operations.
The Thailand Cassava Market has witnessed significant developments recently, particularly with rising global demand for cassava products, driven by their use in food and non-food industries. In August 2023, Siam Cassava Products announced an expansion of their processing capacity to meet export demands, which is anticipated to enhance their market share. Additionally, Mitr Phol Group and Thai Wah Public Company have been active in exploring sustainable practices in cassava farming to address environmental concerns while increasing production efficiency. Mergers and acquisitions have also been a focus, with CP Intertrade acquiring a stake in a cassava processing venture in July 2023 to enhance its supply chain capabilities.
The overall market valuation of Thailand's cassava sector has been positively impacted by these initiatives and increased investment in innovation and technology.Over the past two to three years, the Cassava Market in Thailand has seen a steady growth trajectory, supported by government policies promoting agricultural exports, which reflects the sector's strategic importance in the national economy. Continued interest in value-added cassava products is shaping the future of the industry, with players like Green Spot Company and Phetchabun Cassava Processing leading the charge.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 3.34(USD Billion) |
| MARKET SIZE 2024 | 3.5(USD Billion) |
| MARKET SIZE 2035 | 5.2(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.665% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Green Spot Company, Betagro, Mitr Phol Group, Thai Agri Foods, Siam Cassava Products, Kaeng Koi Agricultural Products, Siam Grains, Phetchabun Cassava Processing, Kasetsart University, Charoen Pokphand Foods, CP Intertrade, Cargill Foods Thailand, Siam Food Products, Thai Wah Public Company |
| SEGMENTS COVERED | Category Outlook, Form Outlook, Application Outlook |
| KEY MARKET OPPORTUNITIES | Export potential to Asia, Growing demand for biofuels, Increasing use in food processing, Rising popularity of gluten-free products, Investment in sustainable farming practices |
| KEY MARKET DYNAMICS | growing demand for tapioca products , increasing export opportunities , fluctuating global prices , land use competition , government support initiatives |
| COUNTRIES COVERED | Thailand |
Frequently Asked Questions (FAQ) :
The Thailand Cassava Market is projected to be valued at 3.5 USD Billion in 2024.
By 2035, the Thailand Cassava Market is expected to reach a value of 5.2 USD Billion.
The expected CAGR for the Thailand Cassava Market is 3.665% from 2025 to 2035.
The conventional segment of the Thailand Cassava Market is valued at 2.1 USD Billion in 2024.
The organic segment of the Thailand Cassava Market is expected to reach 2.1 USD Billion by 2035.
Key players in the Thailand Cassava Market include Green Spot Company, Betagro, and Mitr Phol Group among others.
The Thailand Cassava Market for the organic category is valued at 1.4 USD Billion in 2024.
Key growth drivers for the Thailand Cassava Market include rising demand for cassava-based products and increasing export opportunities.
Emerging trends in the Thailand Cassava Market include the shift towards organic production and sustainability initiatives.
Challenges in the Thailand Cassava Market include fluctuating input costs and competition from alternative crops.
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