IMARC Group has recently released a new research study titled “Cassava Starch Market Report by End Use (Sweeteners, MSG/Lysine, Food Industries, Paper Industries, Modified Starch, Sago Pearl, Textile, and Others), and Region 2024-2032”, offers a detailed analysis of the global cassava starch market growth, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the cassava starch market?
The global cassava starch market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Factors Affecting the Growth of the Cassava Starch Industry:
Rising Demand in Various Industries:
Cassava starch is increasingly popular across various industries due to its unique properties, such as thickening and binding. In the food industry, it is used in products like noodles, soups, and snacks for its gluten-free quality, catering to the growing health-conscious demographic. In the pharmaceutical sector, cassava starch is utilized as a binder and disintegrant in tablets. The textile and paper industries also employ it for its properties in fabric sizing and paper coating. This diverse applicability across multiple sectors drives the growth of the cassava starch market, as it becomes a preferred choice for manufacturers seeking natural and efficient alternatives.
Global Shift Towards Sustainable Products:
The global movement towards sustainable and environmentally friendly products is a significant factor influencing the cassava starch market. Cassava, being a naturally biodegradable and renewable resource, aligns well with the increasing environmental concerns and the push for sustainable agricultural practices. Additionally, cassava cultivation requires relatively lower inputs of fertilizers and pesticides compared to other crops, making it a more eco-friendly option. This trend towards sustainability not only encourages the use of cassava starch in various industries but also motivates farmers to cultivate cassava, thereby ensuring a steady supply for the market.
Technological Advancements in Production:
Technological advancements in the processing and production of cassava starch have a profound impact on its market growth. Improved techniques in cassava cultivation, harvesting, and starch extraction have led to increased efficiency and higher yield, making cassava starch more cost-effective. Innovations in processing technology have also enabled the production of various types of cassava starch, such as modified starch, which has broader applications and improved functional properties. These technological improvements not only enhance the quality and versatility of cassava starch but also make it more appealing to a wider range of industries, thus propelling market growth.
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Cassava Starch Market Report Segmentation:
By End-Use:
- Sweeteners
- MSG/Lysine
- Food Industries
- Paper Industries
- Modified Starch
- Sago Pearl
- Textile
- Others
By end use, the sweeteners represents the largest segment due to the high demand for natural sweeteners in food and beverage industries.
Regional Insights:
- Production
- Asia
- Africa
- Latin America
- Others
- Consumption
- China
- Indonesia
- Malaysia
- Japan
- Philippines
- Others
Region wise, Asia emerged as the largest market for cassava starch, driven by the region's substantial cassava production, growing industrial applications, and the increasing adoption of cassava starch in various sectors like food, textile, and paper industries.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- TCS Tapioca
- Eiamheng Tapioca
- Sunrise International
- PT Buda Starch & Sweetener
- Sharp SPAC Tapioca
Global Cassava Starch Market Trends:
Cassava starch is increasingly used in the food industry as a thickening and stabilizing agent, due to its excellent texturizing properties and gluten-free nature. This makes it highly sought after in the production of bread, snacks, and other gluten-free products, catering to the growing demand from health-conscious consumers and those with gluten intolerance. Moreover, the cost-effectiveness of cassava starch compared to its alternatives boosts its appeal in both food and industrial applications. Furthermore, the expanding use of cassava starch in the paper, textile, and pharmaceutical industries, owing to its binding and adhesive properties, is propelling the market growth. The versatility and economic viability of cassava starch make it a valuable commodity in diverse sectors.
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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