Global Cassava Starch Market, By Category (Organic, Conventional), Form (Solid, Liquid), Product Type (Modified, Native, Sweetener), End user (Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics, Others) – Industry Trends and Forecast to 2030.
Cassava Starch Market Analysis and Size
Nowadays, large number of population is suffering from health issues such as high blood sugar and obesity because of this consumers are highly adopting functional foods. High sugar and fat consumption is responsible for obesity and many other health problems. As cassava starch comprises high fiber content due to which consumers are preferring it. Furthermore, cassava provides numerous advantages such as high level of purity, neutral taste, and excellent thickening characteristics. It also features freeze-thaw stability, high paste clarity, and pastes viscosity, enhancing the market growth rate during the forecast period.
Data Bridge Market Research analyses that the cassava starch market was valued at USD 4.95 billion in 2022 and is expected to reach USD 7.54 billion by 2030, registering a CAGR of 5.40% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Cassava Starch Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Organic, Conventional), Form (Solid, Liquid), Product Type (Modified, Native, Sweetener), End user (Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Tate & Lyle (U.K.), Cargill, Incorporated. (U.S.), ADM (U.S.), Ingredion. (U.S.), AGRANA Beteiligungs-AG (Austria), Visco Starch (U.S.), Global Sweeteners Holdings Ltd (China), Psaltry International Company Limited (Nigeria), Ekta International (India), Chorchaiwat Industry Co.,Ltd. (Thailand), Matna Foods Ltd. (Nigeria), KengSeng group of company (South Korea), SPAC Starch Products (India) Ltd (India), Viet Delta (Vietnam)
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Market Opportunities
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Market Definition
Cassava starch is procured from cassava roots by the method of pulping and washing. It is rich in iron, carbohydrates, folate, manganese and calcium. Compared to its substitutes, cassava may be a comparatively cheap staple containing a high concentration of Starch. Cassava starch finds its application in the manufacture of monosodium glutamate as well as used as a binding agent and sweetener in numerous food production applications.
Cassava Starch Market Dynamics
Drivers
- Increasing demand of cassava starch food and beverage industry
Cassava starch is one of the important ingredients in food and beverage industry. Cassava starch is normally used in dairy, snacks, baker and other culinary products. To increase the quality of food products, food manufacturers are using cassava starch to produce cereals and snacks which are highly popular among consumers.
- Surging usage of cassava for the production of sweetener
Sweetener produced from cassava starch is anticipated to have the most substantial global market share owing to its high usage as a natural sweetener in food and beverage products. Consumer demand for raw food and clean-label ingredients has increased the need for the sweeteners in numerous food and beverage industries, such as bakery, convenience meals, health drinks, fizzy drinks and others. Benefits of natural sweeteners' such as a rich source of energy, low calorie, sugar-free intake, and others, are becoming more well-known among consumers.
Opportunities
- Increase in consumption of functional foods
Functional foods comprise the perfect nutritional balance. Consumers are opting for functional foods to maintain a healthy lifestyle. Functional foods are believed to positively impact health and decrease the risk of certain diseases such as high blood sugar and obesity. Cassava starch is also a part of functional food with a low glycemic index and sufficient dietary fiber. Therefore, rise in the consumption of functional food will likely to create lucrative opportunities for the market growth.
- High usage of cassava in snacks and cereals
Cassava starch is highly used in snacks as a water-binding and texturizing agent, as well as to aid produce the essential viscosity. Cassava starch's high binding, consistency and water-holding qualities make it more perfect for numerous cereals and snacks. The cassava starch market will benefit from the increasing demand for hot extruded snacks and ready-to-eat cereals.
Restraints/ Challenges
- High price of raw material
As the situation of world economy improves, the expense of numerous raw materials and other commodities increases in the market. It has also increased the price of cassava raw materials which will hamper the growth of the cassava starch market.
This cassava starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cassava starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Cassava Starch Market Scope
The cassava starch market is segmented on the basis of category, form, product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Organic
- Conventional
Form
- Solid
- Liquid
Product Type
- Modified
- Native
- Sweetener
End User
- Food and Beverage
- Pharmaceuticals
- Animal Feed
- Cosmetics
- Others
Cassava Starch Market Regional Analysis/Insights
The cassava starch market is analyzed and market size insights and trends are provided by country, category, form, product type and end user as referenced above.
The countries covered in the cassava starch market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the cassava starch market in terms of revenue and market share. This is owing to increasing demand for industrial use, growing demand for confectionery, bakery, and snacks products among consumers.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to rapid growth of the food and beverages sector, increasing expansion of working population and growing household incomes in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cassava Starch Market Share Analysis
The cassava starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cassava starch market.
Some of the major players operating in the cassava starch market are:
- Tate & Lyle (U.K.)
- Cargill, Incorporated. (U.S.)
- ADM (U.S.)
- Ingredion. (U.S.)
- AGRANA Beteiligungs-AG (Austria)
- Visco Starch (U.S.)
- Global Sweeteners Holdings Ltd (China)
- Psaltry International Company Limited (Nigeria)
- Ekta International (India)
- Chorchaiwat Industry Co.,Ltd. (Thailand)
- Matna Foods Ltd. (Nigeria)
- KengSeng group of company (South Korea)
- SPAC Starch Products (India) Ltd (India)
- Viet Delta (Vietnam)
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