Global Cassava Starch Market will reach US$ 68.65 Billion by 2027. Sometimes tapioca, Cassava starch is obtained by washing and pulping cassava roots. Iron, folate, manganese, carbs, and calcium are all abundant. Compared to its alternatives, cassava is a reasonably cheap raw material with high starch content. Furthermore, cassava starch has various advantages, including a neutral taste, high purity, and great thickening properties. It has excellent paste clarity, freeze-thaw stability, and viscosity.Global Cassava Starch Industry reached a market of US$ 47.79 Billion in 2021. Industry Trends, Growth, Insight, Outlook, Impact of Inflation, Company Analysis, Global Forecast 2023-2027
Trends Boosting the Cassava Starch Market Size Worldwide:
Recently, artificial sweeteners are in higher demand worldwide as people become more health-conscious and the number of diabetics rises. Hence, Cassava Starch Market is anticipated to grow in the upcoming years due to increasing demand for these sweeteners. However, suppose cassava is not ingested appropriately. Its adverse effects can function as a significant cause, acting as restrictions, posing a challenge to the Cassava Starch Market over the forecast period. The Global Cassava Starch Industry is expanding at a CAGR of 6.23% from 2022 to 2027.Expansion in Global Cassava Starch Market size amid COVID-19 Pandemic:
During the COVID-19 Pandemic, cassava starch production and sales grew, increasing demand for naturally-derived cassava starch ingredients across the food processing industry due to increased interest in ready-to-cook goods and components for in-home cooking. Furthermore, demand for cassava starch as a clean-label product has increased due to the Pandemic. Remarkably, the Global Cassava Starch Industry reached a market of US$ 47.79 Billion in 2021.Sweeteners Type is anticipated to hold the Largest Market Share Globally:
Sweetener produced from cassava starch is predicted to have the most significant global market share due to its widespread use as a natural sweetener in food and beverage goods. Consumer demand for clean-label and raw food ingredients has raised the need for sweeteners in various food and beverage industries, including health drinks, fizzy drinks, bakery, convenience meals, etc. Natural sweeteners' benefits, such as low calorie, sugar-free intake, a rich source of energy, and others, are becoming more well-known among consumers.Furthermore, the growing desire for non-caloric and natural sweeteners drives food and beverage makers to develop innovative and effective sugar substitutes. Sweetener producers are bolstering their ability to obtain raw materials from growers, such as cassava, to make sweeteners. The primary raw material used by the manufacturers is cassava, which is widely available. Additionally, the portable element, efficient packaging, high solubility, and guaranteed extended shelf-life of diverse sweeteners are driving up demand and popularity among food manufacturers.
Growth in The Food and Beverage End-Use Escalating the Demand for Cassava Starch:
In the food and beverage industry, cassava starch is one of the essential ingredients. Cassava starch is commonly used in bakery, dairy, snacks, and other culinary products. Snacks and cereals are two of the most popular foods. To improve the quality of food goods, food manufacturers are using cassava starch to produce snacks and cereals.Cassava starch is used in snacks as a texturizing and water-binding agent, as well as to help produce the necessary viscosity. Cassava starch's high consistency, binding, and water-holding qualities make it ideal for usage in various snacks and cereals. The cassava starch market will benefit from the demand for hot extruded snacks, pretzels, fried dishes, and ready-to-eat cereals.
Owing to The High Production and Utilization of Cassava Starch, The Market In Asia Pacific Is Expected To Maintain Its Dominance:
The Asia Pacific is a large market with enormous potential for cassava starch's usability and consumption in various applications, including functional food. The improving economic situations of multiple nations, like India, China, Indonesia, and others, along with rising consumer awareness of healthier diets, have had a favorable impact on their purchasing behavior. The quantity of raw materials in the region is the primary element that allows cassava starch manufacturers to expand their market share.Key Industry Players
Due to the rise of various domestic and local companies, the worldwide cassava starch industry is highly concentrated and fragmented. Cassava starch producers are focusing on strengthening their distribution networks, using cost-cutting measures, and positioning various cassava starch products in the worldwide market.Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Limited, as well as private label and region-dominant players, have set new standards for innovation and development of specialized cassava starch with new formulations. This encourages natural ingredient behemoths to speed up new launches and diversify their product ranges in the near future.
The report titled “Cassava Starch Market, Global Forecast, by Product (Native Starch, Modified Starch, Sweeteners), End Use (Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics and Others), Region (Americas, Asia Pacific, Rest of World) Companies (Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Limited)” studies the global Cassava Starch Industry.
Type - Market has been covered from 3 viewpoints:
1. Native starch2. Modified starch
3. Sweetners
End Use - Market has been covered from 5 viewpoints:
1. Food and Beverage2. Pharmaceuticals
3. Animal Feed
4. Cosmetics
5. Others
Region - Market has been covered from 3 viewpoints:
1. America2. Asia Pacific
3. Rest of the world
Processing Process has been covered from 2 viewpoints:
1. Starch Value Chain2. Cassava Starch Process Description
Company Insights:
- Business Overview
- Recent Development
- Sales Analysis
Key Players Analysis:
1. Cargill Inc2. Ingredion Inc
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Atlia Group
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited
Table of Contents
Companies Mentioned
- Cargill Inc
- Ingredion Inc
- Archer Daniels Midland Company
- Tate and Lyle
- Atlia Group
- Tereos Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | October 2022 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 50.75 Billion |
| Forecasted Market Value ( USD | $ 68.65 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
