Cassava Starch Market, Size, Global Forecast 2023-2027, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
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.
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.
Renub Research 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 starch
2. Modified starch
3. Sweetners
End Use - Market has been covered from 5 viewpoints:
1. Food and Beverage
2. Pharmaceuticals
3. Animal Feed
4. Cosmetics
5. Others
Region - Market has been covered from 3 viewpoints:
1. America
2. Asia Pacific
3. Rest of the world
Processing Process has been covered from 2 viewpoints:
1. Starch Value Chain
2. Cassava Starch Process Description
Company Insights:
• Business Overview
• Recent Development
• Sales Analysis
Key Players Analysis:
1. Cargill Inc
2. 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
- 1. Introduction
- 2. Research & Methodology
- 3. Executive Summary
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenge
- 5. Global Cassava Starch Market
- 6. Share Analysis – Global Cassava Starch Market
- 6.1 By Type
- 6.2 By End Use
- 6.3 By Region
- 7. Type - Global Cassava Starch Market
- 7.1 Native starch
- 7.2 Modified starch
- 7.3 Sweetners
- 8. End Use - Global Cassava Starch Market
- 8.1 Food and Beverage
- 8.2 Pharmaceuticals
- 8.3 Animal Feed
- 8.4 Cosmetics
- 8.5 Others
- 9. Region - Global Cassava Starch Market
- 9.1 America
- 9.2 Asia Pacific
- 9.3 Rest of the World
- 10. Processing Process
- 10.1 Starch Value Chain
- 10.2 Cassava Starch Process Description
- 11. Key Players Analysis
- 11.1 Cargill Inc
- 11.1.1 Business overview
- 11.1.2 Recent Development
- 11.1.3 Sales Analysis
- 11.2 Ingredion Inc
- 11.2.1 Business overview
- 11.2.2 Recent Development
- 11.2.3 Sales Analysis
- 11.3 Archer Daniels Midland Company
- 11.3.1 Business overview
- 11.3.2 Recent Development
- 11.3.3 Sales Analysis
- 11.4 Tate and Lyle
- 11.4.1 Business overview
- 11.4.2 Recent Development
- 11.4.3 Sales Analysis
- 11.5 Atlia Group
- 11.5.1 Business overview
- 11.5.2 Recent Development
- 11.5.3 Sales Analysis
- 11.6 Tereos Group
- 11.6.1 Business overview
- 11.6.2 Recent Development
- 11.6.3 Sales Analysis
- 11.7 Sudzucker AG
- 11.7.1 Business overview
- 11.7.2 Recent Development
- 11.7.3 Sales Analysis
- 11.8 Global Bio-Chem Technology Group Company Limited
- 11.8.1 Business overview
- 11.8.2 Recent Development
- 11.8.3 Sales Analysis
- List of Figures:
- Figure-01: Global – Cassava Starch Market (Billion US$), 2018 – 2022
- Figure-02: Global – Forecast for Cassava Starch Market (Billion US$), 2023 – 2027
- Figure-03: Type – Native starch Market (Million US$), 2018 – 2022
- Figure-04: Type – Forecast for Native starch Market (Million US$), 2023 – 2027
- Figure-05: Type – Modified starch Market (Million US$), 2018 – 2022
- Figure-06: Type – Forecast for Modified starch Market (Million US$), 2023 – 2027
- Figure-07: Type – Sweetners Market (Million US$), 2018 – 2022
- Figure-08: Type – Forecast for Sweetners Market (Million US$), 2023 – 2027
- Figure-09: End Use – Food and Beverage Market (Million US$), 2018 – 2022
- Figure-10: End Use – Forecast for Food and Beverage Market (Million US$), 2023 – 2027
- Figure-11: End Use – Pharmaceuticals Market (Million US$), 2018 – 2022
- Figure-12: End Use – Forecast for Pharmaceuticals Market (Million US$), 2023 – 2027
- Figure-13: End Use – Animal Feed Market (Million US$), 2018 – 2022
- Figure-14: End Use – Forecast for Animal Feed Market (Million US$), 2023 – 2027
- Figure-15: End Use – Cosmetics Market (Million US$), 2018 – 2022
- Figure-16: End Use – Forecast for Cosmetics Market (Million US$), 2023 – 2027
- Figure-17: End Use – Others Market (Million US$), 2018 – 2022
- Figure-18: End Use – Forecast for Others Market (Million US$), 2023 – 2027
- Figure-19: America – Cassava Starch Market (Million US$), 2018 – 2022
- Figure-20: America – Forecast for Cassava Starch Market (Million US$), 2023 – 2027
- Figure-21: Asia Pacific – Cassava Starch Market (Million US$), 2018 – 2022
- Figure-22: Asia Pacific – Forecast for Cassava Starch Market (Million US$), 2023 – 2027
- Figure-23: Rest of the world – Cassava Starch Market (Million US$), 2018 – 2022
- Figure-24: Rest of the world – Forecast for Cassava Starch Market (Million US$), 2023 – 2027
- Figure-25: Cargill Inc – Global Revenue (Million US$), 2018 – 2022
- Figure-26: Cargill Inc – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-27: Ingredion Inc – Global Revenue (Million US$), 2018 – 2022
- Figure-28: Ingredion Inc – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-29: Archer Daniels Midland Company – Global Revenue (Million US$), 2018 – 2022
- Figure-30: Archer Daniels Midland Company – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-31: Tate and Lyle – Global Revenue (Million US$), 2018 – 2022
- Figure-32: Tate and Lyle – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-33: Atlia Group – Global Revenue (Million US$), 2018 – 2022
- Figure-34: Atlia Group – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-35: Tereos Group – Global Revenue (Million US$), 2018 – 2022
- Figure-36: Tereos Group – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-37: Sudzucker AG – Global Revenue (Million US$), 2018 – 2022
- Figure-38: Sudzucker AG – Forecast for Global Revenue (Million US$), 2023 – 2027
- Figure-39: Global Bio-Chem Technology Group Company Limited – Global Revenue (Million US$), 2018 – 2022
- Figure-40: Global Bio-Chem Technology Group Company Limited – Forecast for Global Revenue (Million US$), 2023 – 2027
- List of Tables:
- Table-01: Global – Cassava Starch Market Share by Type (Percent), 2018 – 2022
- Table-02: Global – Forecast for Cassava Starch Market Share by Type (Percent), 2023 – 2027
- Table-03: Global – Cassava Starch Market Share by End Use (Percent), 2018 – 2022
- Table-04: Global – Forecast for Cassava Starch Market Share by End Use (Percent), 2023 – 2027
- Table-05: Global – Cassava Starch Market Share by Region (Percent), 2018 – 2022
- Table-06: Global – Forecast for Cassava Starch Market Share by Region (Percent), 2023 – 2027
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