Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global cassava starch market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.85% during 2023-2028.

Cassava starch, also known as tapioca, is a fine, white crystalline flour procured from fresh cassava roots through pulping and washing. It is a good source of amylopectin, amylose, iron, folate, manganese, carbohydrates, and calcium, which supports gut health and facilitates blood sugar management. It also contains vitamin C that promotes immune function and collagen production. As it is a gluten-free and non-allergenic product comprising low amounts of saturated fat and sodium, cassava starch finds extensive applications across various industry verticals.

Cassava Starch Market Trends:

Rapid urbanization, inflating disposable income, and expanding working population are catalyzing the demand for ready-to-eat (RTE) food products. This represents one of the key factors positively influencing the market. Cassava starch is used as a thickening agent in bakery products, yogurt, soups, noodles, ice creams, and soft drinks. Apart from this, its increasing utilization in the pulp and paper industry to improve pulp utilization and paper quality and production rate is contributing to the market growth. The widespread adoption of cassava starch in pharmaceutical industries to formulate specific medicines is also creating a positive outlook for the market. Additionally, cassava starch is extensively used in the textile industry for sizing, finishing, and printing due to its flexibility, abrasion resistance, and ability to form a bond with the fiber. It also helps cover blemishes or defects and provides the finishing look to a final product. Along with this, the rising awareness among individuals about the health benefits offered by cassava starch is offering lucrative growth opportunities to manufacturers. Furthermore, the growing adoption of biofuels in automobiles on account of the implementation of stringent government regulations for minimizing carbon emissions of vehicles is promoting the usage of cassava starch in ethanol production.

Key Market Segmentation: 

IMARC Group provides an analysis of the key trends in each sub-segment of the global cassava starch market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.

Breakup by End-Use:

Sweeteners
MSG/Lysine
Food Industries
Paper Industries
Modified Starch 
Sago Pearl
Textile
Others

Cassava starch is extensively used in the production of sweeteners on account of its neutral taste and thickening property. These sweeteners offer a high level of purity and excellent texture to sweet dishes.

Breakup by Region:

Production

Asia 
Africa
Latin America
Others


Consumption 

China
Indonesia
Malaysia
Japan
Philippines
Others
 



The Asia exhibits a clear dominance in the market due to the growing population, rising demand for bakery, confectionery, and snack items among consumers, and the expanding application of cassava starch in various industries of the region.

Competitive Landscape:

The competitive landscape of the cassava starch industry is fragmented in nature due to the presence of numerous small and large players. Some of the leading players operating in the market are:

TCS Tapioca
Eiamheng Tapioca
Sunrise International
PT Buda Starch & Sweetener
Sharp SPAC Tapioca

This report provides a deep insight into the global cassava starch industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cassava starch manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cassava starch industry in any manner.

Key Questions Answered in This Report:

What was the size of the global cassava starch market in 2022?
What is the expected growth rate of the global cassava starch market during 2023-2028?
What are the key factors driving the global cassava starch market?
What has been the impact of COVID-19 on the global cassava starch market?
What is the breakup of the global cassava starch market based on the end-use?
What are the key regions in the global cassava starch market?
Who are the key companies/players in the global cassava starch market?