The starch known as cassava starch is made from the cassava root, a South American edible tuber crop that is grown extensively in tropical and subtropical climates worldwide. Cassava starch is usually utilized as a food component or additive since its starch concentration is above 80%, making it a highly concentrated source of starch. The fine texture, neutral flavor and odor, high viscosity, superior thickening and gelling qualities, and gluten-free status of cassava starch are its distinguishing characteristics. Cassava starch is perfect for use in a range of food processing applications since its thickening qualities hold up even at high temperatures and in acidic environments.
Global Cassava Starch Market Driving Factors and Challenges
Driving Factors:
Increasing Demand for Convenience Foods - The cassava starch market is growing due to rising demand for convenience foods, which is being driven by urbanization and busy lifestyles. Cassava starch's binding, thickening, and stabilizing qualities make it an essential component in processed meals. For example, it is widely used in ready-to-eat meals, instant soups, and sauces, satisfying the demand for quick and easy meal options while also helping to market growth.
Growth in the Use of Gluten-Free Products - The demand for gluten-free products has increased due to the rise in celiac disease awareness and gluten intolerance. Because it is inherently gluten-free, cassava starch is a popular component in gluten-free baked products, pasta, and bread. A increasing number of consumers are looking for healthier and allergy-friendly solutions, and its adaptable qualities allow for the development of gluten-free substitutes without sacrificing flavor or texture. The cassava starch market is growing as a result of this tendency.
Challenges:
Expensive raw materials - The growth of the cassava starch market is significantly hampered by the rising cost of cassava raw materials, which is being driven by the global economic recovery. This price increase limits operational viability and profit margins, which may restrict market growth and investment prospects in the industry.
Increasing Pest and Disease Incidences - Cassava yields and quality are seriously threatened by the proliferation of pests and illnesses including cassava mosaic disease and cassava brown streak disease. Concerns about food security in impacted areas may worsen as a result of these problems, which can seriously impair the cassava starch market and lower productivity and profitability for growers and processors in the absence of efficient management techniques.
Impact of COVID-19 on Global Cassava Starch Market
The production and sales of cassava starch expanded during the COVID-19 pandemic, and the food processing industry's need for naturally derived cassava starch ingredients increased as consumers' interest in ready-to-cook products and ingredients for home cooking increased. Furthermore, the pandemic has raised demand for clean-label products like cassava starch.
Global Cassava Starch Market Key Players:
Tate & Lyle, Cargill, Inc, Ingredion, AGRANA Starch, The Dutch Agricultural Development & Trading Company BV, Visco Starch, Vaighai Agro, Aryan International, Psaltry International Limited, and Ekta International are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Global Cassava Starch Market Segmentation:
By Type: Based on the Type, Global Cassava Starch Market is segmented as; Native Starch, Modified Starch, and Sweeteners.
By End-Use: Based on the End-Use, Global Cassava Starch Market is segmented as; Food & Beverages, Paper and Board, and Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.