Cassava modified starch exhibits remarkable versatility, finding applications across diverse industries. Its functional properties, including thickening, stabilizing, and binding abilities, make it valuable in food, pharmaceutical, and cosmetic sectors. Additionally, it serves as an essential ingredient in the paper, textile, and adhesive industries. The growing demand for natural and sustainable ingredients further drives the popularity of cassava modified starch, making it a sought-after choice for various industrial applications worldwide.
According to Data Bridge Market Research, the Global Cassava Modified Starch Market is expected to grow with a CAGR of 4.70% in the forecast period of 2022 to 2029.
“Increasing demand for ready-to-eat snack foods boosts the market’s growth”
The cassava modified starch market is experiencing significant growth due to the increasing demand for ready-to-eat snack foods. Cassava modified starch serves as a key ingredient in the production of various snack items, providing improved texture, stability, and taste. As consumers seek convenient and flavorful snacking options, the demand for ready-to-eat snacks has risen, driving the need for cassava-modified starch. It’s versatile properties and widespread application in the snack industry contribute to the market's expansion and growth.
What restraints the growth of the global cassava modified starch market?
“Higher cost restraints the market’s growth”
The growth of the cassava modified starch market is restrained by the higher cost associated with natural additives used in the production process. Natural additives are often preferred for their clean label and health-conscious appeal, but they can be more expensive than synthetic alternatives. This cost disparity impacts the overall pricing of cassava modified starch products, potentially limiting their adoption in price-sensitive markets. Manufacturers may face challenges in balancing the demand for natural additives with cost-effective solutions to ensure sustained market growth.
Segmentation: Global Cassava Modified Starch Market
The global cassava modified starch market is segmented on the basis of function and application.
- On the basis of function, the market is segmented into thickeners, stabilizers, binders, emulsifiers, and others.
- On the basis of application, the market is segmented into food and beverage, animal feed, and industrial.
Regional Insights: North America dominates the Global Cassava Modified Starch Market
North America dominates the cassava modified starch market due to continuous innovation and the development of new products within the region. These advancements lead to the creation of diverse and improved cassava modified starch applications, catering to various industries, which further drives the market's expansion and attractiveness to consumers.
Asia-Pacific is expected to witness growth during the forecast period of 2022 to 2029 owing to the rapidly developing technology in the region. Technological advancements have led to more efficient and sophisticated production processes, enabling manufacturers to enhance the quality and versatility of cassava modified starch products, thereby driving demand and expanding market opportunities.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-cassava-modified-starch-market
The Prominent Key Players Operating in the Global Cassava Modified Starch Market Include:
- Cargill, Incorporated (U.S.)
- Venus Starch Suppliers (India)
- Premier Starch Products Pvt. Ltd. (India)
- Angel Starch And Food Private Limited (India)
- Tate & Lyle (U.K.)
- Ingredion Incorporated (U.S.)
- AGRANA Beteiligungs-AG (Austria)
- Devex (Thailand)
- Visco Starch (India)
- Vaighai Agro (India)
- Aryan International (India)
- Psaltry International Limited (Nigeria)
- Ekta International (India)
- Chorchaiwat Industry CO.,LTD (Thailand)
- Lentus Foods & Agro Ltd (India)
- Matna Foods Ltd. (Nigeria)
- KengSeng group of company (Malaysia)
- Tapioca Vietnam (Vietnam)
- SPAC Starch Products (India) Ltd (India)
- ADM (U.S.)
- Chaiwat Industry Company Limited (Thailand)
Above are the key players covered in the report, to know about more and exhaustive list of global cassava modified starch market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cassava Modified Starch Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
