Cassava Starch Market Trends, Size, Growth, Analysis, Revenue, Challenges and Future Outlook
Cassava Starch Market Growth, Size, Trends Analysis - By Type, By End-Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2025 | Report ID: FOOD2502 | Pages: 1 - 247 | Formats*: |
| Category : Food & Beverages | |||
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: | |
| By End-Use: |
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Cassava Starch Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cassava Starch Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Global Cassava Starch Market Size, Share and Forecast, By Type, 2027-20337.3. Native7.4. Modified7.5. 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, 2020-20268.2. Global Cassava Starch Market Size, Share and Forecast, By End-Use, 2027-20338.3. Food & Beverages8.4. Paper & Board8.5. 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-Pacific10.3.1. Australia10.3.2. China10.3.3. India10.3.4. Japan10.3.5. South Korea10.3.6. Rest of Asia-Pacific10.4. Europe10.4.1. France10.4.2. Germany10.4.3. Italy10.4.4. Spain10.4.5. United Kingdom10.4.6. Rest of Europe10.5. Middle East and Africa10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Qatar10.5.4. South Africa10.5.5. Egypt10.5.6. Morocco10.5.7. Nigeria10.5.8. Rest of Middle-East and Africa10.6. North America10.6.1. Canada10.6.2. Mexico10.6.3. United States10.7. Latin America10.7.1. Argentina10.7.2. Brazil10.7.3. Rest of Latin America
11. Company Profile
11.1. Tate & Lyle11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Cargill, Inc11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Ingredion11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. AGRANA Starch11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. The Dutch Agricultural Development & Trading Company BV11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Visco Starch11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Vaighai Agro11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Aryan International11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Psaltry International Limited11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Ekta International11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Cassava Starch Market is projected to reach USD 106.85 billion by 2033, growing at a CAGR of 6.45% during the forecast period.
Cassava Starch Market is covered By Type, By End-Use
Cassava Starch Market grew in Market size from 2024. The Market is expected to reach USD 106.85 billion by 2033, at a CAGR of 6.45% during the forecast period.
Cassava Starch Market CAGR of 6.45% during the forecast period.
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Cassava Starch Market size is USD 106.85 billion from 2024 to 2033.
The North America is anticipated to have the highest Market share in the Cassava Starch Market.
The Key players in the Market include 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.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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