Global Cassava Starch Market Introduction and Overview
According to SPER Market Research, the Global Cassava Starch Market is estimated to reach USD 106.85 billion by 2033 with a CAGR of 6.95%.
The report includes an in-depth analysis of the Global Cassava Starch Market, including market size and trends, product mix, Applications, and supplier analysis. Cassava starch is made from the roots of the cassava plant, also known as manioc or yuca. It is a fine white powder used in a variety of culinary and industrial applications. It is commonly used as a thickening ingredient in food goods, but it also has use in papermaking, textiles, and pharmaceuticals. Cassava starch is gluten-free and suitable for a variety of applications.
- In 2023, Cassamo nutritious cassava chips were debuted in Indonesia by Lemonilo, a well-known health food company. These chips, which come in two flavors—Smoky BBQ and Spicy BBQ—are high in fiber and free of flavorings and preservatives, providing customers with a healthy snack choice.
- In January 2021, Tate & Lyle expanded their tapioca-based starch portfolio by introducing additional thickening and gelling starches, REZISTA MAX and BRIOGEL. According to specifics, new products improved process tolerance, mouthfeel, fluidity, and texture, making them appropriate for a wide range of applications in the dairy, soup, sauce, and confectionery industries.
Market Opportunities and Challenges
Opportunities:
Cassava starch is in high demand due to the growing popularity of functional foods - The global cassava starch market is rapidly changing and growing, owing to its benefits in terms of product offerings as well as flavor and sensory impacts in food. Consumers throughout the world are becoming more educated and health-conscious, increasing demand for products that attempt to improve better health, extend longevity, and avoid the emergence of chronic diseases. Foods fortified with nutritious and disease-preventing characteristics are boosting the world's nutritional food industry. Consumers' changing food eating habits and developing taste preferences have compelled manufacturers to introduce and innovate new functional foods and drinks in the global market.
Challenges:
Price fluctuation is a significant barrier to market expansion - The price and availability of cassava roots, which can be impacted by variables including market demand, illnesses, and weather, have an impact on the production of cassava starch. The cost of producing cassava starch can be affected by changes in the price of cassava roots, making it difficult for producers to maintain steady prices and profitability. Additionally, price volatility might influence investment choices and cause market uncertainty. Therefore, one of the main obstacles to the growth of the cassava starch industry is the price volatility.
Market Competitive Landscape
The global cassava starch market is extremely concentrated and fragmented, as various domestic and local firms have emerged. Cassava starch makers are focusing on strengthening the distribution network, implementing cost-cutting strategies, and positioning a variety of cassava starch products in the worldwide market. Key market players are Tate & Lyle, Cargill, Inc, Ingredion, AGRANA Starch, The Dutch Agricultural Development & Trading Company BV, Visco Starch, Vaighai Agro, Aryan International, Psaltry International Limited, Ekta International.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End-Use |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Tate & Lyle, Cargill, Inc, Ingredion, AGRANA Starch, The Dutch Agricultural Development & Trading Company BV, Visco Starch, Vaighai Agro, Aryan International, Psaltry International Limited, Ekta International. |
By Type Insights:
Sweeteners are predicted to have the largest global market share due to their demand in many industries - Sweetener derived from cassava starch is predicted to have the highest global market share since it is utilized as a natural sweetener in a variety of food and beverage products around the world. The growing customer preference for clean-label and natural food ingredients has resulted in increased demand for sweeteners in a variety of food and beverage industries, including bakery, health drinks, fizzy drinks, convenience meals, and more. Consumers are becoming more health-conscious and aware of the advantages of natural sweeteners, such as low calorie, sugar-free consumption, a good source of energy, and so on.
COVID-19 Impact on Global Cassava Starch Market
The COVID-19 pandemic raised the production and sales of cassava starch, which in turn increased demand for naturally derived cassava starch ingredients in the food processing industry because of the increased need for ready-to-cook products and ingredients for cooking at home. The pandemic has also raised demand for clean-label products like cassava starch..
Key Target Audience:
Food & Beverage Manufacturers
Animal Feed Producers
Pharmaceutical Companies
Paper and Packaging Industry
Textile Industry
Adhesives and Glue Manufacturers
Biofuel Producers
Cosmetics and Personal Care Industry
Retail Chains & Supermarkets
E-commerce Platforms
Our in-depth analysis of the Global Cassava Starch Market includes the following segments:
| By Type: | NativeModifiedSweeteners |
| By End-Use: | Food & BeveragesPaper & BoardOthers |
Key Topics Covered in the Report:
- Global Cassava Starch Market Size (FY’2024-FY’2033)
- Overview of Global Cassava Starch Market
- Segmentation of Global Cassava Starch Market By Type (Native Starch, Modified Starch, and Sweeteners)
- Segmentation of Global Cassava Starch Market By End-Use (Food & Beverages, Paper and Board, and Others)
- Statistical Snap of Global Cassava Starch Market
- Expansion Analysis of Global Cassava Starch Market
- Problems and Obstacles in Global Cassava Starch Market
- Competitive Landscape in the Global Cassava Starch Market
- Impact of COVID-19 and Demonetization on Global Cassava Starch Market
- Details on Current Investment in Global Cassava Starch Market
- Competitive Analysis of Global Cassava Starch Market
- Prominent Players in the Global Cassava Starch Market
- SWOT Analysis of Global Cassava Starch Market
- Global Cassava Starch Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Cassava Starch Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cassava Starch Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cassava Starch Market
7. Global Cassava Starch Market, By Type (USD Million) 2020-2033
7.1. Global Cassava Starch Market Size, Share and Forecast, By Type, 2020-2026
7.2. Global Cassava Starch Market Size, Share and Forecast, By Type, 2027-2033
7.3. Native
7.4. Modified
7.5. Sweeteners
8. Global Cassava Starch Market, By End-Use (USD Million) 2020-2033
8.1. Global Cassava Starch Market Size, Share and Forecast, By End-Use, 2020-2026
8.2. Global Cassava Starch Market Size, Share and Forecast, By End-Use, 2027-2033
8.3. Food & Beverages
8.4. Paper & Board
8.5. Others
9. Global Cassava Starch Market Forecast, 2020-2033 (USD Million)
9.1. Global Cassava Starch Market Size and Market Share
10. Global Cassava Starch Market, By Region, 2020-2033 (USD Million)
10.1. Global Cassava Starch Market Size and Market Share By Region (2020-2026)
10.2. Global Cassava Starch Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Tate & Lyle
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Cargill, Inc
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Ingredion
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. AGRANA Starch
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. The Dutch Agricultural Development & Trading Company BV
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Visco Starch
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Vaighai Agro
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Aryan International
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Psaltry International Limited
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Ekta International
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links