Nsmfoodslimited, Cargill, Incorporated, Matna Foods Ltd are Dominating the Market for Nigeria Cassava Starch Market in 2019

Nigeria Cassava Starch Market is expected to grow at a CAGR of 6.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Nigeria cassava starch market is a considerably growing market, which includes specific number of key players as well as local players. The market has witnessed increase in various strategic developments owing to favourable market scenario.

The major players dealing in Nigeria cassava starch market are introducing strong range of product portfolio. This helped company to maximize the sales with enhance product portfolio. For instance, In September 2019, Cargill, Incorporated., introduced new C*iBond 25957 starch product for the packaging industry market. It is environment friendly starch having improved paper strength to use in packaging paper applications. The company offered advanced solution for customers through cost–efficient wheat-based starch which enhanced their offering for packaging industry.

Nsmfoodslimited is the dominating player in the cassava starch market and accounts the highest market share in 2019, which is followed by Cargill, Incorporated, Matna Foods Ltd, ADM, Ingredion Incorporated, Roquette Frères and Tate & Lyle among others.

Nigeria Cassava Starch Market

Cargill, Incorporated

Cargill, Incorporated headquartered in Minnesota, U.S. which was founded in 1865. The company performs its business from segments such as animal nutrition & protein, food ingredients & applications, origination & processing, industrial & financial services. The products offered are agriculture, food and nutrition products to consumers for sustainability and safety as well as provides helps for risk management. They are even focused towards increasing production capacity to target new regions. The company has product categories such as agriculture, animal nutrition, beauty, bioindustrial, food & beverage, industrial, foodservice, meat & poultry, transportation, pharmaceutical, risk management in which food & beverage falls into market focused category.

For instance,

  • In December 2019, Cargill, Incorporated., expanded their business in Nigerian market through CORMART Nigeria Limited company. Cargill products will be offered by CORMART Nigeria Limited company to Nigerian market such as starches and sweeteners. Company increased their presence for the Nigeria market and increased products sale for starches and sweeteners.

The company has wide presence across the globe such as Asia-Pacific, Europe, Latin America, Middle East & Africa, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as NatureWorks LLC, (U.S.), FRONTIER AGRICULTURE LTD (U.K.), Cargill Cocoa & Chocolate (U.S.), OPX Biotechnologies, Inc. (U.S.), Alvean (Switzerland) among others.

Nsmfoodslimited

Nsmfoodslimited headquartered in Ihiala, Nigeria which was founded in 1970. The company produces cassava starch and rice starch through their rice and cassava processing plant. The company offers cassava starch for Nigeria market under NSM Starch products Name.

The company has presence in Nigeria.

Matna Foods Ltd

Matna Foods Limited has headquartered in Akure, Nigeria and it was founded in 1998. The company has a strong production of cassava starch. The company is a Agro-allied industry formed to produce high-grade cassava starch for local market. The company has strong presence Nigeria which helped them acquire major base of Nigerian customers.

The company has presence in Nigeria.