Vietnam’s cassava starch industry has developed a complete supply chain, covering planting, processing, packaging, and export. According to the publisher, the main production areas for cassava starch in Vietnam include the Mekong Delta and the Central Highlands. The export volume of Vietnamese cassava starch has been increasing year by year, making it one of Vietnam's important export products. The Vietnamese government is actively introducing policies to support the development of the cassava starch industry and promote its exports.
Globally, the demand for cassava starch has been steadily growing as industries like food, textiles, cosmetics, pharmaceuticals, and feed develop rapidly. Especially with the boom in the gluten-free food market, cassava starch has become a good substitute for other carbohydrates. Moreover, the fast-growing demand for desserts has created a vast space for the development of cassava starch in this market, indicating that the demand for Vietnamese cassava starch is projected to significantly increase in the future.
Cassava starch is one of Vietnam’s key agricultural products exports. Leveraging its advantages in quality, low price, and stable supply, Vietnam has become a crucial global producer and exporter of cassava starch. It is estimated that Vietnam's annual production of cassava starch reaches 2-3 million tons, with the main export destinations including China, India, EU countries, and other Southeast Asian nations.
According to the data from the publisher, Vietnam’s cassava starch export value reached USD 1.03 billion in 2023. The international market demand continues to grow in 2024, with Vietnam’s cumulative cassava starch export value reaching nearly USD 484 million from January to May 2024. The global market demand for cassava starch is expected to further expand in the coming years.
The publisher analyzes that Vietnam’s cassava starch export market spans across Asia, Europe, and Southeast Asia, with China being the largest export destination. From 2021 to 2024, the primary export destinations for Vietnamese cassava starch were China, the Philippines and Malaysia. Major companies importing cassava starch from Vietnam include Xiamen Haixia Investment Co., Ltd, China SDIC International Trade Co., Ltd, and Xiamen Port Trading Co., Ltd.
Vietnamese cassava starch is mainly used for export. According to the publisher, most of Vietnam’s cassava starch exporters are domestic producers, with a smaller portion being subsidiaries of international cassava starch producers and distributors operating in Vietnam. Major cassava starch exporters in Vietnam include APF Co., Ltd, FOCOCEV Co., Ltd, and Công Ty TNHH Tiến Dương Tây Ninh.
Overall, with the global demand for cassava continuing to rise, the potential of Vietnam’s cassava starch market is significant. As one of the primary processed products of cassava, cassava starch has a wide range of applications in food processing, chemicals, paper, and textiles. It has strong substitutability and relatively low costs, with further potential for growth. Moreover, the Vietnamese government and relevant departments are actively supporting the development of Vietnam’s cassava starch industry by improving product quality and expanding market channels, further promoting the growth of Vietnam’s cassava starch export business. The publisher forecasts that Vietnam’s cassava starch exports will continue to see substantial opportunities in the coming years.
Topics covered:
- The Export Volume and Value of Cassava Starch in Vietnam (2021-2024)
- The Import and Export of Cassava Starch in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Cassava Starch in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Cassava Starch in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Cassava Starch in Vietnam (January-May 2024)
- Total Export Value and Percentage Change of Cassava Starch in Vietnam (January-May 2024)
- Average Export Price of Cassava Starch in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Cassava Starch and Their Import Volume
- Top 10 Suppliers in the Export Market of Cassava Starch in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Cassava Starch in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Cassava Starch in Vietnam
- How Foreign Enterprises Enter the Cassava Starch Export Market of Vietnam
- Forecast for the Export of Cassava Starch in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Xiamen Haixia Investment Co Ltd.
- China Sdic International Trade Co Ltd.
- Xiamen Port Trading Co Ltd.
- Apf Co Ltd.
- Fococev Co Ltd.
- Công Ty Tnhh Tiến Dương Tây Ninh.Others
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.12 Billion |
| Forecasted Market Value ( USD | $ 1.48 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
