The Global Cassava Starch Market size is projected to reach USD 5.28 Billion by 2028, at a CAGR of 7.1% during the forecast period (2021-2028). The major driver for this market is increasing demand from developing countries like India and China in the Asia Pacific region. There are various reasons for this growth such as growing demand for modified starch and increasing usage of industrial applications due to its high biodegradability and low cost.
Cassava Starch is a type of modified starch derived from the cassava root and it has a high molecular weight, which makes it suitable for use as an additive in food to extend volume or provide the body. Starch can be found naturally in many plants such as potatoes, wheat, rice, and maize. It is also synthesized by certain microorganisms and only consumed after long periods of time due to its complex chemical composition that cannot be broken down by humans without cooking. The enzyme amylase breaks these starches into smaller molecules during digestion so they're more easily absorbed through digestive walls. Cassava flour's natural form contains higher percentages of both protein and fat than other types of flour, making it a good vegan alternative to wheat.
On the basis of Type, the market is segmented into Unmodified Or Native Starch, Modifies Starch, And Sweeteners. The unmodified or native starch segment accounted for the largest share and has been projected to grow at a significant CAGR over the forecast period owing to its wide range of applications across different industrial sectors as well as end-user industries such as food and beverages, animal feed among others. In comparison, modified starches are anticipated to be leading in terms of volume with a moderate CAGR over the same time frame due to their popularity amongst manufacturers when it comes to using them as binding agents while producing various kinds of processed foods like cakes, pastries, and biscuits which will translate into increasing demand for these products on account that consumer preferences change from time to time.
Unmodified or native starch refers to cassava root without any treatment. One of the main industrial uses for unmodified cassava root is as a thickener in soup, sauces, and gravies. It can also be used as an ingredient in baking mixes such as biscuits, cakes, and pancakes. Grinding it into flour yields fine powdery particles that are suitable for use as a baby food supplement through milk-based formula when mixed with breast milk or infant formulas.
Modified starch makes the textiles more durable and less sensitive to temperature. It can also be used in cooking, as a fat substitute, or for thickening sauces. The most common modified starches are pregelatinized flour, hydroxypropyl methylcellulose (HPMC), gum arabic, and dextrin. Modifies Starch is used in industrial applications such as beer, chocolate, and ice cream.
Sweeteners are food additives that provide a sweet taste to foods. They can be either nutritive (such as sugars) or non-nutritive (e.g., saccharin). In the United States, six artificial sweeteners have been approved by the Food and Drug Administration for use in food: saccharin, sucralose, aspartame, stevia glycosides erythritol, and neotame. Cyclamate was banned from sale in 1969 due to evidence of its carcinogenic effects on laboratory rats.
On the basis of Application, the market is segmented into Industrial, Food & Beverages, and Animal Feed.
The industrial segment is expected to dominate the market with more than 50% share in 2020. This can be attributed to the increasing usage of starch as a thickening agent for sauces and soups which would help provide stability during the cooking or freezing process. Moreover, it complements proteins well by adding texture, body, and mouth-feel without altering flavors.
The food & beverages segment is projected to grow at the fastest pace among all applications of starch. The trend can be attributed to the increasing consumption of processed foods in emerging economies such as China and India that would lead to an increase in demand for cassava starch from this application sector.
The animal feed segment is projected to grow significantly in the global cassava starch market. The increase can be attributed to increasing awareness about healthy eating habits, especially among consumers in developed markets such as Europe and North America that would lead to an increased demand for cassava starch from this application sector.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among all the regions, North America is projected to lead in terms of market size with a significant CAGR over the forecast period. This can be attributed to the increasing consumption of processed foods such as sweetened drinks and cakes among consumers which would lead to increase demand for cassava starch from this region.
Moreover, industries that manufacture products like paper pulp are also expected to drive growth in regional markets such as Canada due to their large contribution towards industrial applications of cassava starch which will translate into increased demand for this product segment on account of its rising popularity with end-users across different application sectors. In addition, high consumer awareness about the nutritional benefits of cassava starch is expected to provide growth opportunities for market players operating in this space.
Up Market Research published a new report titled “Cassava Starch Market research report which is segmented by Types (Unmodified Or Native Starch, Modifies Starch, Sweeteners), By Applications (Industrial, Food And Beverages, Animal Feed), By Players/Companies SPAC Starch Product India, Vaighai Agro Products, Matna Foods, Thai German Processing, Psaltry International, TAPIOCA VIETNAM, Lentus Foods, Keng Seng”.
|Report Attributes||Report Details|
|Report Title||Cassava Starch Market Research Report|
|By Type||Unmodified Or Native Starch, Modifies Starch, Sweeteners|
|By Application||Industrial, Food And Beverages, Animal Feed|
|By Companies||SPAC Starch Product India, Vaighai Agro Products, Matna Foods, Thai German Processing, Psaltry International, TAPIOCA VIETNAM, Lentus Foods, Keng Seng|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||237|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Unmodified Or Native Starch, Modifies Starch, Sweeteners and By Application Industrial, Food And Beverages, Animal Feed.
Some of the companies that are profiled in this report are:
Cassava Starch Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cassava Starch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Cassava Starch Market Report:
Some other reports from this category!